News

JKX Oil & Gas plc has published its H1 2021 report on the London Stock Exchange

August 10, London – JKX Oil & Gas plc has published its H1 2021 report on the London Stock Exchange.

Main indicators:

• Net Profit for the period: $ 9.9 million (H1 2020: $ 1.5 million);
• Revenue: $ 39.5 million (H1 2020: $ 35.1 million);
• The Group’s production decreased by 11% compared to the same period in 2020.

The group increased total cash balance in the amount of $ 36.2 million by 49% compared to 2020.

“Our strong financial results in the first half of 2021 are the result of the right positive management decisions made in the first half of 2020, as well as the rapid recovery in oil and gas prices.

We continue to explore new opportunities for the Group’s growth, both within the existing portfolio and the development of the Ukrainian asset through the acquisition of new licenses, “said Viktor Gladun, CEO of JKX and JV PPC.