By LSE RNS
10 August 2017
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
July 2017 Monthly Production Report
|
July 2017 |
June 2017 |
% Change |
7 months to July 2017 |
7 months to July 2016 |
% Change |
Total production (boepd1) |
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 (MMcfd2) |
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.
1boepd - Barrels of oil equivalent per day
2MMcfd - 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
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