JKX Oil & Gas Notes Price Declines Though Production Grows

(Alliance News) - JKX Oil & Gas PLC on Friday reported a 16% rise in interim production, though ...

Alliance News 12 July, 2019 | 5:53PM
Email Form

(Alliance News) - JKX Oil & Gas PLC on Friday reported a 16% rise in interim production, though gas prices in the Ukraine have suffered.

For the six months to June, average daily production from both Russia and the Ukraine was 10,132 barrels of oil equivalent per day, 16% up on the year before. Ukraine output surged 49%, but Russia fell 4.2%.

The average price of gas in Ukraine was 12% lower than the year before at USD247 per million cubic metres, with oil and condensate down 17% to USD59 per barrel.

In Russia, the gas price dipped 8.25 to USD56 per million cubic metres, with JKX only producing gas in Russia.

JKX also said, following the stepping down of two non-executive directors, it is as a priority looking to make new appointments. Christian Bukovics and Andrey Shtyrba resigned in late May.

JKX shares closed 3.9% lower on Friday in London at 37.00 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
JKX Oil & Gas PLC 17.50 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Member User Agreement        Cookies