2 Jul 2019 07:00
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LEI:Â 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 32/64th" choke. Production has been steadily increasing since an acid job carried out on 27 June 2019 and is now stable.
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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.
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Mcmd - Thousand cubic metres per day
bpd - Barrel per day
boepd - Barrel of oil equivalent per day
psi - Pounds per square inch
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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.
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ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Ben Fraser, CFO
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EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker