Share Name Share Symbol Market Type Share ISIN Share Description
Jkx Oil & Gas LSE:JKX London Ordinary Share GB0004697420 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 19.50p 19.00p 20.00p 19.50p 19.50p 19.50p 1,107.00 07:43:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 59.8 -30.9 -17.5 - 33.56

JKX Oil & Gas PLC February 2017 Monthly Production Report

14/03/2017 7:01am

UK Regulatory (RNS & others)


JKX Oil & Gas (LSE:JKX)
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2 Months : From Feb 2017 to Apr 2017

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TIDMJKX

RNS Number : 3350Z

JKX Oil & Gas PLC

14 March 2017

14 March 2017

JKX Oil & Gas plc

("JKX", the "Company" or the "Group")

February 2017 Monthly Production Report

 
                             February   January   % Change     2 months       2 months     % Change 
                               2017       2017                to February    to February 
                                                                 2017           2016 
--------------------------  ---------  --------  ---------  -------------  -------------  --------- 
 Total production 
  (boepd(1) )                 9,801     10,136     (3.3)%       9,977          9,926         0.5% 
--------------------------  ---------  --------  ---------  -------------  -------------  --------- 
 Ukraine (boepd)              3,854      4,357    (11.5)%       4,118          3,921         5.0% 
 - Average gas production 
  (MMcfd(2) )                 19.03      21.2     (10.2)%        20.2           19.5         3.6% 
 - Average oil and 
  condensate production 
  (boepd)                      682        818     (16.6)%        754            677         11.4% 
--------------------------  ---------  --------  ---------  -------------  -------------  --------- 
 Russia (boepd)               5,643      5,779     (2.4)%       5,715          6,005        (4.8)% 
 - Average gas production 
  (MMcfd)                      33.5      34.3      (2.3)%        33.9           35.6        (4.8)% 
 - Average condensate 
  production (boepd)            59        61       (3.3)%         60             64         (6.3)% 
--------------------------  ---------  --------  ---------  -------------  -------------  --------- 
 Hungary (boepd)               304         -        100%         144             -           100% 
 - Average gas production 
  (MMcfd)                      1.7         -        100%         0.79            -           100% 
 - Average condensate 
  production (boepd)            25         -        100%          12             -           100% 
--------------------------  ---------  --------  ---------  -------------  -------------  --------- 
 

-- Production in the first two months of the year is up by 0.5% compared with 2016 with increased flows in Ukraine and the resumption of Hungarian production, after more than 3 years, compensating for lower production in Russia.

-- Average Group production for February 2017 was 9,801 boepd, a 3.3% month-on-month decrease, with lower Ukrainian and Russian production being partly compensated by the commencement of production in Hungary.

-- In Ukraine, gas and liquids production decreases against January were driven by the decline of well NN47 at the Rudenkivske field which, following a workover in late December 2016, produced a total of 66 million cubic feet of gas and 2,682 stb(4) of condensate (compared to 138 MMcf and 5,786 stb in January).

-- Ukrainian production was also lower due to workover rigs being prepared at wells 19R and 10R for the upcoming stimulation program, meaning a break in the ongoing enhancement program.

-- In Russia, gas production fell with a delay in the routine acid job on Well 27 due to the requirement to replace the BOP.

-- In Hungary, gas sales from the Hajdunanas field commenced on 2 February 2017 at an initial rate of 1.8 MMcfd and averaged at 1.7 MMcfd through the remainder of the month. In addition a total of 702 stb of condensate was produced in Hungary in February. Year-to-date 2017 production in Hungary was averaged over 2 months of 2017 despite contributing to the Group production only for 27 days.

(1) boepd - Barrels of oil equivalent per day

(2) MMcfd - Million cubic feet per day

(3) MD - Measured depth

(4) stb - Standard barrels (stock tank barrels)

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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(END) Dow Jones Newswires

March 14, 2017 03:01 ET (07:01 GMT)

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