July 2017 Production Report

Released : 10.08.2017 07:00

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

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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