Slovakia - 100%
In the last twelve months Carpathian had one project in the Slovakia at Plavnica (formerly Ke˛marok). The permit covered a relatively unexplored area in the north of the Slovakia with some indications of hydrocarbons from surrounding wells.
A review of the exploration and production potential of the area was completed in early 2006. Although oil and gas have been encountered in two wells within the permit the structures are highly complex and it was concluded that the accumulations are small and that any undiscovered deposits are likely to be uneconomic. It was decided to relinquish the permit before the renewal date in June thus avoiding further expenditure.
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