Located adjacent to the Krasna field's first producing well, Ks8, the initial trial production of the Ks7 well resulted in 126 barrels of oil being recovered. Carpathian said it had not been advised of the duration of the production test but said both wells are expected to be in full commercial production later this week.

The Krásná oil field was discovered and tested just prior to the end of communist rule in what was then Czechoslovakia. Crude oil is contained within Devonian carbonates at a depth below the surface of about 1,600m.

According to Czech Government estimates the field contains 236,000 barrels of recoverable oil reserves and has produced around 27,927 barrels during testing.

Carpathian has an initial 75% interest in Krásná, which will reduce to a 50% revenue interest on payback to the company of capital costs.

The company is also set to drill the first gas production well at the Janovice gas field (Carpathian 60%) with construction work on the well site underway. The start of drilling is dependent on rig availability but it is expected the well will be completed during the December quarter at the latest.

As with the Krásná oil field, the Janovice gas field was discovered and evaluated under the former Czechoslovakian communist regime. Recoverable reserves were previously established within the area of influence of the two discovery wells but no production occurred.

The Miocene Karpat sandstone reservoir is divided into two sections by a fault. The deeper section (1,030m) contains recoverable (proved and probable) gas reserves of 1,058mmcf while the shallower section (886m) contains recoverable reserves of 590mmcf.

Following recent boardroom upheavals culminating in an extraordinary general meeting at which director Des Luplau was removed. Carpathian subsequently appointed respected Perth-based lawyer, John Hopkins, as its non-executive chairman.