JKX Oil & Gas PLC May 2017 Monthly Production Report (8720H)
13 June 2017 - 4:00PM
UK Regulatory
TIDMJKX
RNS Number : 8720H
JKX Oil & Gas PLC
13 June 2017
13 June 2017
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
May 2017 Monthly Production Report
May April % Change 5 months 5 months % Change
2017 2017 to May to May
2017 2016
-------------------------- ------ ------ --------- --------- --------- ---------
Total production
(boepd(1) ) 7,847 7,800 0.6% 8,721 10,317 (15.5)%
-------------------------- ------ ------ --------- --------- --------- ---------
Ukraine (boepd) 3,837 3,561 7.8% 3,768 4,107 (8.3)%
- Average gas production
(MMcfd(2) ) 18.6 17.0 9.4% 18.6 19.2 (3.1)%
- Average oil and
condensate production
(boepd) 744 727 2.3% 663 901 (26.4)%
-------------------------- ------ ------ --------- --------- --------- ---------
Russia (boepd) 3,860 4,023 (4.1)% 4,761 6,210 (23.3)%
- Average gas production
(MMcfd) 22.9 23.8 (3.8)% 28.3 36.9 (23.3)%
- Average condensate
production (boepd) 44 51 (13.7)% 51 66 (22.7)%
-------------------------- ------ ------ --------- --------- --------- ---------
Hungary (boepd) 150 216 (30.6)% 192 - 100%
- Average gas production
(MMcfd) 0.9 1.2 (25.0)% 1.1 - 100%
- Average condensate
production (boepd) 5 10 (50.0)% 12 - 100%
-------------------------- ------ ------ --------- --------- --------- ---------
-- Average Group production for May 2017 was 7,847 boepd, a 0.6%
month-on-month increase and a 15.5% year-on-year decrease for the
first five months of the year, largely due to a planned workover in
Russia, partly compensated by increased production in Ukraine as a
result of the successful enhancement programme.
-- In Ukraine, gas production increased due to pre-stimulation
gas production from 6R in Rudenkivske and a complete month of
production from EM53 in Elizavetivske. Oil production increase was
due to the installation of an ESP in IG128 which increased the
well's average oil production from 38 stb/d(3) to 132 stb/d.
-- In Russia, gas production is lower than April due to the
absence of an acid job on Well 27 in May but with an acid job
planned in the first half of June. The workover on Well 25 is now
expected to recommence on 15(th) June 2017.
(1) boepd - Barrels of oil equivalent per day
(2) MMcfd - Million cubic feet per day
(3) stb/d - standard tank barrel 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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