JKX Oil & Gas plc reported unaudited consolidated earnings and production results for the six months ended June 30, 2018. For the period, the company reported revenue of $42.390 million against $36.842 million a year ago. Profit from operations before exceptional items was $7.364 million against loss from operations before exceptional items of $2.348 million a year ago. Profit from operations after exceptional items was $4.376 million against loss from operations after exceptional items of $5.428 million a year ago. Profit before tax was $3.346 million against loss before tax of $6.798 million a year ago. Profit from continuing operations was $2.567 million against loss from continuing operations of $7.813 million a year ago. Profit for the period/year attributable to equity shareholders of the parent company was $1.889 million against loss for the period/year attributable to equity shareholders of the parent company of $7.683 million a year ago. Diluted profit per 10 pence ordinary share from continuing operations -before exceptional items was 2.77 pence against diluted loss per 10 pence ordinary share from continuing operations -before exceptional items 2.96 pence a year ago. Results for both periods include significant exceptional charges in relation to movements in the provision for disputed rental fees for 2010 and 2015 in Ukraine. Diluted profit per 10 pence ordinary share from continuing operations -after exceptional items was 1.40 pence against diluted loss per 10 pence ordinary share from continuing operations –after exceptional items 4.54 pence a year ago. Diluted profit per 10 pence ordinary share-before exceptional items was 2.40 pence against diluted loss per 10 pence ordinary share -before exceptional items 2.89 pence a year ago. Diluted profit per 10 pence ordinary share-after exceptional items was 1.03 pence against diluted loss per 10 pence ordinary share –after exceptional items 4.46 pence a year ago. Net cash generated from operating activities was $12.560 million against $1.523 million a year ago. Purchase of property, plant and equipment - continuing operations was $6.491 million against $10.325 million a year ago. Net debt as on June 30, 2018 was $3.317 million. Capital expenditure was $4.6 million against $10.4 million a year ago.

For the period, the company reported total production of Oil equivalent 1,580 Mboe against 1,604 Mboe a year ago. Daily production oil equivalent was 8,728 boepd against 8,598 boepd a year ago.