Excellent quarterly results....9 Jan 2020 07:59
https://www.investegate.co.uk/jkx-oil---38--gas-plc--jkx-/rns/quarterly-operations-update/202001090700052110Z/
Highlights
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Group annual production up 20% (2019: 10,748 boepd, 2018: 8,937 boepd).
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Ukraine annual production up 52% (2019: 5,584 boepd, 2018: 3,677 boepd).
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Russia annual production flat (2019: 5,158 boepd, 2018: 5,169 boepd).
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More than $26m of capital expenditure invested in our operations in 2019 (Ukraine: $18m, Russia: $8m), entirely financed by operational cash flow despite lower gas prices in Ukraine in 2019.
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In Ukraine new wells completed in December 2019 and January 2020 and field development continuing as planned.
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Well workover programme completed in Russia with no further workovers planned in 2020.
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$20.5m of cash and cash equivalents, and oil and gas inventory of approximately $4.1m in value, held at 31 December 2019.
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Group on schedule to be debt free from February 2020