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JV PPC increased its hydrocarbon production by 7% in Q1 2020

London, April 15, 2020 – For the three months of 2020, from January to March, the JV Poltava PetroleumCompany (hereinafter JV PGNK) increased its hydrocarbon production by 7%.

Such data was published by JKX Oil & Gas, the parent company of JV PPC, on the London Stock Exchange.

Natural gas production increased by 1% to 715,000 m3 per day, oil and oil condensate production increased by 38% (1,115 bps).

In the first quarter JV PPC commissioned a new well at the Ignatovskoye field (IG143). At the moment, production reaches 157 barrels of oil and 65,000 m3 of gas per day. Drilling of the side barrel (IG130) of the Ignatovskaya field is also completed.

The total growth of the JKX Group was 11% (10,966 barrels of oil equivalent per day).

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