JKX Oil & Gas increases revenue 12% yoy in 2008
30 March 2009
On Friday, in a press release, JKX Oil & Gas (JKX LN) released its 2008 preliminary financial and production results: revenue of USD 207.0 mln, up 12% yoy (EPS of 49.85 cents); profit before tax of USD 127.6 mln, up 13% yoy. The company said it produced 11,012 boepd, down 12% yoy. JKX said that last year it increased 2P oil & gas reserves by 17 mln boe and drilled/completed 11 new wells in Ukraine.
