NOVANEWS

This announcement in the Ukrainian press has to be one of the most obvious and unsurprising statements of recent times; akin to the sea is wet or the sky is blue.
Kharkiv is in the east of the country, bordering the ‘breakaway’ Donetsk and Lugansk regions and part of the Dnieper-Donets Basin.
90% of Ukraine’s oil and gas production comes from the Dneiper-Donets Basin. The region is oil rich and this has been known for a long time.
The roots of the current conflict in the Donetsk and Lugansk regions are also to be found in the oil deposits; it was the Kiev junta’s attempts to drive people off their land in order to allow western oil companies to take over and begin fracking operations that sparked off the ‘uprising’ – the people wouldn’t be bullied off their land so the Kiev criminals sent in their far-right thugs and mercenaries to ethnically cleanse the land the oil companies wanted to get their hands on.
If they now decide to drive people off their land in the Kharkov region the likelihood is of further armed conflict.
28 April 2016, Ukraine Today
New oilfield discovered in Kharkiv region
The discovery was made after materials of exploratory drilling reprocessing and seismic exploration
An industrial-scale non-gushing oil flow of 4.9 cubic meters a day has been discovered during exploration of the wells of the Olyvynivska structure, which is located on the territory of the Shevchenko district of Kharkiv region, the press service of Ukrgazvydobuvannia said.
Oil deposits are reported at depths between 2,100 to 2,200 meters. According to preliminary data, the volumes available are estimated at 290,000 tonnes of conventional fuel.
The drilled well has identified a number of potential reservoirs above the section, which opens up prospects for further exploration on this site.
It is noted that the discovery was the result of reprocessing of materials of exploratory drilling, seismic exploration, and three-dimensional construction.
Chief geologist of PJSC Ukrgazvydobuvannia Mykhailo Machuzhak said that “trying to increase production volumes, experts are stepping up exploration in all the potential oil and gas bearing areas.”