JKX Oil & Gas Announces Its Results for the Year Ended 31 December 2020

Source: www.gulfoilandgas.com 3/31/2021, Location: Asia

Despite the ongoing COVID-19 pandemic and turbulence in the international commodity markets, JKX has delivered a solid performance in 2020, demonstrating its resilience in the face of significant uncertainty.

- Strong year end cash position of $24.3m (2019:$20.6m)

- Cash generated from continuing operations of $28.9m (2019:$41.4m)

- Final bond payment made in February 2020, making the JKX Group debt free

- Average daily production 10,238 boepd (2019:10,748boepd)

- Revenue of $69.6m (2019:$101.7m)

- Profit for the year of $19.9m (2019:$22.2m)

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