JKX Oil & Gas PLC Well 5 initial test results (0899E)

TIDMJKX

RNS Number : 0899E

JKX Oil & Gas PLC

02 July 2019

LEI: 213800AS2I1XUAGQ6F27

2 July 2019

JKX Oil & Gas plc

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

Well 5 initial test results

Well 5 on the Koshekhablskoye field in Russia is producing 171 Mcmd of gas and 5 bpd of condensate (1,022 boepd) with a wellhead pressure of 1,125 psi on a 32/64(th) " choke. Production has been steadily increasing since an acid job carried out on 27 June 2019 and is now stable.

The contract rig has relocated to Well 18 and is currently rigging up. Well 18 is the second of three consecutive workovers planned on the Koshekhablskoye field in Russia.

Mcmd - Thousand cubic metres per day

   bpd     - Barrel per day 

boepd - Barrel of oil equivalent per day

   psi      - Pounds per square inch 

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                              [phone] 

Ben Fraser, CFO

   EM Communications                         [phone] 

Stuart Leasor, Jeroen van de Crommenacker

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DRLZFLFBKDFZBBQ

(END) Dow Jones Newswires

July 02, 2019 02:00 ET (06:00 GMT)