LONDON (dpa-AFX) - JKX Oil & Gas Plc. (JKX.L) reported that its Average Group production for the third quarter of 2018 was 9,411 boepd, which represents an 8.1% increase compared to the second quarter of 2018. Year-on-year Group production was up by 3.6%.
Group production on 30 September was 9,610 boepd comprising of 5,025 boepd in Russia and 4,585 boepd in Ukraine.
In Ukraine, production quarter-on-quarter increased due to continuing production from R3, completed late in the second-quarter, and the performance of the work programme.
In Russia, production has increased quarter-on-quarter. This is the result of successful acid jobs on Well 25 and 27 in the first week of July. The contracted rig for the well workover programme is currently en route to the Koshekhablskoye field with the start of the Well 5 workover expected towards the end of the fourth quarter.
The company's bond liability relates to a convertible bond with $10.7 million principal outstanding. The bond pays an annual coupon of 14% semi-annually in arrears and matures in 2020.
Copyright RTT News/dpa-AFX