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 590.00 08:00:00
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 January 2017 Monthly Production Report

15/02/2017 7:00am

UK Regulatory (RNS & others)


JKX Oil & Gas (LSE:JKX)
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3 Months : From Jan 2017 to Apr 2017

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TIDMJKX

RNS Number : 8696W

JKX Oil & Gas PLC

15 February 2017

15 February 2017

JKX Oil & Gas plc

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

January 2017 Monthly Production Report

 
                             January   December   % Change   January   January   % Change 
                               2017      2016                  2017      2016 
--------------------------  --------  ---------  ---------  --------  --------  --------- 
 Total production 
  (boepd(1) )                10,136     9,954       1.8%     10,136    10,616     (4.5)% 
==========================  ========  =========  =========  ========  ========  ========= 
 Ukraine (boepd)              4,356     3,840      13.4%      4,356     3,964      9.9% 
 - Average gas production 
  (MMcfd(2) )                 21.2       18.5      14.6%      21.2      19.7       7.6% 
==========================  ========  =========  =========  ========  ========  ========= 
 - Average oil and 
  condensate production 
  (boepd)                      818       761        7.5%       818       681      20.1% 
 Russia (boepd)               5,779     6,114      (5.5)%     5,779     6,653    (13.1)% 
==========================  ========  =========  =========  ========  ========  ========= 
 - Average gas production 
  (MMcfd)                     34.3       36.3      (5.5)%     34.3      39.5     (13.2)% 
 - Average condensate 
  production (boepd)           61         65       (6.2)%      61        72      (15.3)% 
--------------------------  --------  ---------  ---------  --------  --------  --------- 
 

Summary

-- Average Group production for January 2017 was 10,136 boepd, a 1.8% month-on-month increase, with Ukraine production up 13.4%, while production in Russia declined by 5.5% compared to December 2016.

-- In Ukraine, gas and liquids production increases were driven by the workover of well NN47 at the Rudenkivske field that was completed in December. In January NN47 produced a total of 138 million cubic feet of gas and 5,786 barrels of condensate. In addition, the Ignatovskoye field waterflood project commenced with injection of water through well IG126 in the southern part of the field.

-- In Russia, gas production fell as effects of acid stimulation on wells 25 and 27 that completed in November began to subside. Further acid stimulation carried out on these wells in the latter part of January helped restore daily production to previous levels.

-- In Hungary, gas sales from the Hajdunanas field commenced on February 2(nd) at an initial rate of 1.8 MMcfd, after a production and sales break of more than three years. Production forecasting and development planning is underway and future work may include a workover of the existing Hn-1 well to add production from the Lower Pannonian reservoir interval.

(1) boepd - Barrels of oil equivalent per day

(2) MMcfd - Million cubic feet per day

(3) MD - Measured depth

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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February 15, 2017 02:00 ET (07:00 GMT)

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