JKX Increases Ukraine Production

JKX Oil & Gas reports that the re-entry and re-completion of an existing Well 33 on its Ignatovskoye Field in Poltava, Ukraine has yielded positive results.

The well is flowing at an average daily rate of 10 million cubic feet of gas and 140 barrels of condensate. Total production of JKX's Ukrainian subsidiary, Poltava Petroleum Company, is currently at a 4-year high of 7,800 barrels of oil equivalent per day.