Hungarian Horizon Energy (HHE) is offering farm-in opportunity for the Sarkad I mining plot in southeastern Hungary. The company is intending to drill an appraisal/development well to further assess deep unconventional gas reservoir encountered in the Nyekpuszta 2 (well drilled in 2009). HHE is the sole operator of the Sarkad I block. For further information, interested parties should contact Codey James (Vice President Engineering & Operations) - cjames@aspectmgmtcorp.com.  The 65 sq km Sarkad I block is located approximately 25 km south-east of the city of Bekes, close to the border with Romania. It falls within the Bihar Sub-basin, tectonic unit of the Pannonian Basin.  Background Infromation  The Sarkad I mining plot was awarded to HHE on 13 September 2012 (application filed in June 2012). On 25 March 2014, HHE adjourned the area of the mining plot, enlarging it to 65 sq km. Until November 2014, JKX Oil & Gas was partnering HHE in the Sarkad I operations. Following an assets swap - JKX exchanged with HHE its 25% stake in the Sarkad I production licence for a 50% interest in the Hernad I and Hernad II exploration permits, as well as the Hajdunanas production licence/production facility - HHE became the full operator of the Sarkad I block.  Nyekpuszta 2 was drilled from 31 August 2009 to late October/early November 2009. It is located some 25 km north-east of the city of Bekescsaba and 0.2 km south-west of the Nyekpuszta 1 gas discovery (TD 3,695 m) made by HHE in April 2009. The NyÃ©kpuszta-2 well tested 1 MMcf/d of gas and 150 b/d of condensate from the top 70 m of highly overpressured Badenian (Miocene) sandstones.  The farm-out offer for the Sarkad I mining plot was initially put forward in May 2014.
Hungarian Horizon Energy (HHE) is offering farm-in opportunity for the Sarkad I mining plot in southeastern Hungary. The company is intending to drill an appraisal/development well to further assess deep unconventional gas reservoir encountered in the Nyekpuszta 2 (well drilled in 2009). HHE is the sole operator of the Sarkad I block. 