(Updates with details)
LONDON (Thomson Financial) - JKX Oil & Gas Plc. said first-quarter
production fell 15 percent to 11,494 barrels of oil equivalent per day (boepd).
The company said it made good progress in the first quarter, adding material
production increases in Ukraine await the tie-in to the Soyuz line in the second
half.
The company said its new project in Russia is moving ahead with the aim of
re-establishing production from the field by year-end.
Revised proved plus probable reserves for the Ignatovskoye, Molchanovskoye
and Novo-Nikolaevskoye licences will be published at the beginning of the third
quarter.
The company said the initial well in the Hernad licences in Hungary is
expected to spud in the second quarter and that it expects to try exit the West
Huxley Deep Unit in Texas, United States.
TFN.newsdesk@thomson.com
ans/vlb/ans/wj
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