11 Jun 2019 07:00
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LEI:Â 213800AS2I1XUAGQ6F27
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11 June 2019
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
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Drilling Update
In Ukraine, NN81 has been successfully drilled to 1975m and tested on 31 May. The well is currently producing at 168 bpd of oil and 4 Mcmd of gas (191 boepd) with a water cut of 19% on a small choke. This is the third successful new well or sidetrack since approval of the 5 year field development plan. The rig has now spudded IG142, a follow-up well to the successful IG103 sidetrack.
In Russia, the second sidetrack of Well 5 has been drilled to the planned depth of 5,200m on 3 June and the completion is currently being run in hole.
ENDS
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EM +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
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