JKX Oil & Gas PLC October 2016 Monthly Production Report (8853P)
23 November 2016 - 6:00PM
UK Regulatory
TIDMJKX
RNS Number : 8853P
JKX Oil & Gas PLC
23 November 2016
23 November 2016
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
October 2016 Monthly Production Report
October September % Change 10 months 10 months % Change
2016 2016 to to
October October
2016 2015
-------------------------- -------- ---------- --------- ---------- ---------- ---------
Total production
(boepd(1) ) 9,900 9,669 2.4% 10,163 8,678 17.1%
-------------------------- -------- ---------- --------- ---------- ---------- ---------
Ukraine (boepd) 3,734 3,635 2.7% 4,021 4,308 (6.7%)
- Average gas production
(MMcfd(2) ) 17.6 16.5 6.7% 18.6 20.9 (11.0%)
- Average oil and
condensate production
(boepd) 808 888 (9.0)% 928 826 12.3%
-------------------------- -------- ---------- --------- ---------- ---------- ---------
Russia (boepd) 6,167 6,034 2.2% 6,142 4,370 40.5%
- Average gas production
(MMcfd) 36.6 35.8 2.2% 36.5 26.0 40.4%
- Average condensate
production (boepd) 65 66 (1.5)% 66 45 46.7%
-------------------------- -------- ---------- --------- ---------- ---------- ---------
Summary
-- Average Group production for October 2016 was 9,900 boepd,
2.4% higher than the previous month.
-- September production in Ukraine was impacted by the scheduled
maintenance shut downs for both of the Group's gas processing
plants.
-- In Russia, a routine acid job was carried out on Well 27
leading to increased month-on-month production.
-- The Company began to implement its field development plan for
the Rudenkivske field in Ukraine with the workover of well NN16,
which was completed on 6 November. Initial peak hourly production
from NN16 was 16.4 MMcfd of gas and 467 boepd of condensate on a
48/64ths" choke (3,200 boepd total) but has since declined. Further
information will be provided as production stabilizes.
(1) boepd - Barrels of oil equivalent per day
(2) MMcfd - Million cubic feet per day
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Russell Hoare, Chief Financial Officer
Stockdale Securities +44 (0) 20 7601 6100
Robert Finlay, Daniel Harris
EM Communications +44 (0) 20 3709 5711
Stuart Leasor, Jeroen van de Crommenacker
This information is provided by RNS
The company news service from the London Stock Exchange
END
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