JKX Oil & Gas PLC July 2017 Production Report (5916N)
10 August 2017 - 4:01PM
UK Regulatory
TIDMJKX
RNS Number : 5916N
JKX Oil & Gas PLC
10 August 2017
10 August 2017
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
July 2017 Monthly Production Report
July June % Change 7 months 7 months % Change
2017 2017 to July to July
2017 2016
-------------------------- ------ ------ --------- --------- --------- ---------
Total production
(boepd(1) ) 8,439 7,669 10.0% 8,575 10,266 (16.5)%
-------------------------- ------ ------ --------- --------- --------- ---------
Ukraine (boepd) 3,447 3,446 0.0% 3,719 4,091 (9.1)%
- Average gas production
(MMcfd(2) ) 16.4 16.6 (1.2)% 18.0 19.0 (5.3)%
- Average oil and
condensate production
(boepd) 720 684 5.3% 719 930 (22.7)%
-------------------------- ------ ------ --------- --------- --------- ---------
Russia (boepd) 4,949 4,119 20.2% 4,697 6,175 (23.9)%
- Average gas production
(MMcfd) 29.4 24.4 20.5% 27.9 36.7 (24.0)%
- Average condensate
production (boepd) 55 46 19.6% 51 65 (21.5)%
-------------------------- ------ ------ --------- --------- --------- ---------
Hungary (boepd) 43 104 (58.7)% 158 - 100%
- Average gas production
(MMcfd) 0.2 0.6 (66.7)% 0.89 - 100%
- Average condensate
production (boepd) 4 8 (50.0)% 10 - 100%
-------------------------- ------ ------ --------- --------- --------- ---------
-- Average Group production for July 2017 was 8,439 boepd, a
10.0% month-on-month increase and a 16.5% year-on-year decrease for
the first seven months of the year. The year-on-year decrease was
largely due to the delayed workover of well 25 in Russia.
-- In Ukraine, gas production was consistent with the previous
month. Oil production was up by 36 boepd month-on-month due to
small increases in production from IG105, IG137-Bis and IG132.
These increases have come about as a result of the installation of
a de-waxing unit in IG137-Bis and more regular wax cutting in the
other wells.
-- In Russia, gas production was higher than in June due to
contribution of Well 25. The well is currently producing at the
rate of 10.1 MMscf/d.
-- In Hungary, gas production lower than in June due to
increased water breakthrough at well Hn-2. Technical limits of the
water handling equipment necessitated a reduction in gas production
rates.
(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
Victor Gladun, Acting Chief Executive 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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