JKX Hits 2Q Production Target

Eastern Europe-focused JKX Oil & Gas reported Monday that its group production for the second quarter averaged 11,100 barrels of oil equivalent per day, which its management said was in line with guidance given in mid-May.

In May the company stated that it expected to average more than 11,000 boepd during 2Q 2013.

JKX said the 2Q 2013 production was split approximately 60:40 between Russia and the Ukraine, with a small contribution from Hungary.

JKX Chief Executive Dr Paul Davies commented in a company statement:

"Production for the quarter reflects both plant design capacity throughput at our Koshekhablskoye field in Russia and the re-commencement of our drilling program in Ukraine."


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