News

JKX Oil & Gas plc published Q3 report 2021 on the London Stock Exchange

October 18, London – JKX Oil & Gas plc, the parent company of JV Poltava Petroleum Company (hereinafter referred to as JV PPC), has published  Q3 report 2021 on the London Stock Exchange.

The JKX report states that the JV PPC’s production of natural gas is 147.9 million m3, as well as oil and gas condensate – 32.7 thousand tons, respectively, for 9 months of 2021.

“Due to the pandemic in 2020, we have reduced investment in new drilling and retained the company’s liquidity. In 2021, the PPC team successfully continues to work to restore pre-crisis production indicators, ”said Victor Gladun, CEO of JKX Oil & Gas and JV PPC.

During the 3rd quarter of 2021, JV PPC began drilling a new well Rud-110 at the Rudenkovskoye field. During this period, additional perforation of wells NN-71, NN-29 of the Novonikolaevskoye field and wells Ign-149 of the Ignatovskoye field was carried out.

For 9 months of 2021, JV PPC paid UAH 415.6 million in rent to the state budget of Ukraine, of which UAH 20.7 million was directed to the local budgets of the Poltava region.

In addition, the message says about the sale of two assets of the Group.

“The JKX Board of Directors, within the framework of the approved development strategy, decided to sell a 100% stake in non-core Hungarian and Russian assets. The proceeds from the sale will be directed to investments in Ukraine. Ukraine remains the main area of ​​activity and development of the Group “, – commented Viktor Gladun, CEO of JKX Oil & Gas and JV PPC

Reference

JV Poltava Petroleum Company is a Ukrainian-British joint venture established in 1994 and is a subsidiary of JKX Oil & Gas plc. JV PPC is one of the leaders among the non-state oil and gas companies in Ukraine. The company’s field of activity is the search, exploration, production and treatment of gas and oil. Poltava Petroleum Company uses the most modern technologies and methods to achieve energy independence for Ukraine.
The parent company, JKX Oil & Gas plc, is a publicly traded company listed on the London Stock Exchange since 1995 and is governed by a Board of Directors. The CEO of JV PPC and JKX Oil & Gas plc is Viktor Gladun, who has been heading the company since 2016.