2 Jul 2019 07:00
LEI: 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.
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.
Mcmd - Thousand cubic metres per day
bpd - Barrel per day
boepd - Barrel of oil equivalent per day
psi - Pounds per square inch
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
Ben Fraser, CFO
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker