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JKX Oil & Gas publishes Q1 2021 results on the London Stock Exchange

April 14, London – JKX Oil & Gas plc (hereinafter referred to as JKX), the parent company of JV Poltava Petroleum Company (hereinafter referred to as JV PPC), has published its 1Q 2021 results on the London Stock Exchange.

According to the JKX report, production of all hydrocarbons of the Ukrainian asset, JV PPC, decreased by 12% compared to the 4Q of last year. In particular, the indicator of natural gas production is 46.549 thousand m3, oil and condensate – 8.971 thousand tons.

In the first quarter of 2021, JV PPC completed the resumption of the Ign-111 well of the Ignatovskoye field and the drilling of a sidetrack NN-75 and workover NN-76 of the Novonikolaevskoye field. It is reported that on April 9, drilling began on a new well Ign-149 at the Ignatovskoye field.

The report notes that in Ukraine from January to March, there is a positive dynamics of recovery of prices for hydrocarbons.

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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.