JKX Oil & Gas's (LON:JKX) production for the year to 31 August was up 17.5% compared to January-August 2015 but revenue was 19.5% down primarily due to hryvnia and rouble devaluation as well as oil and gas price declines.
JKX says it continues its efforts to optimise operating costs, including overhead reductions at the head office and at subsidiary level.
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Xtract Resources (LON:XTR) has drawn down £750,000 from its existing SEDA with YA Global Master (YAGM).
In accordance with the terms of the SEDA, which was extended on 9 May 2016 to 31 December 2017, the Company has issued YAGM with 1,875,000,000 new Ordinary Shares at a price of 0.04p per share.
The funds will be used for ongoing working capital requirements as well as to repay £200,000 of the outstanding debt provided to the Company by YAGM.
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The sector's biggest risers were Chariot Oil & Gas (LON:CHAR) and PetroNeft Resources (LON:PTR) - up by more than 20.1% and over 11.3% respectively in late trading. The biggest fallers were Xcite Energy (LON:XEL) and Frontera Resources (LON:FRR) - down by more than 11.9% and over 9% respectively.
(LON:AUR) Aurum Mining PLC share price was 0p at 1.05p
(LON:BOR) Borders Southern Petroleum PLC share price was +0.13p at 1.85p
(LON:CHAR) Chariot Oil Gas Ltd share price was +1.64p at 9.76p
(LON:ENQ) EnQuest Plc share price was +0.5p at 26.5p
(LON:GKP) Gulf Keystone Petroleum share price was -0.04p at 2.04p
(LON:GPX) Gulfsands Petroleum PLC share price was 0p at 3p
(LON:INDI) Indus Gas Ltd share price was +2.5p at 455p
(LON:JKX) JKX Oil Gas PLC share price was +0.5p at 19.5p
(LON:PET) Petrel Resources PLC share price was +0.25p at 7p
(LON:PTR) Petroneft Resources PLC share price was +0.25p at 2.45p
(LON:RKH) Rockhopper Exploration PLC share price was +0.13p at 29.38p
(LON:RPT) Regal Petroleum PLC share price was +0.1p at 3.5p
(LON:XEL) Xcite Energy Ltd share price was -0.29p at 2.13p
(LON:XTR) Xtract Resources Plc share price was -0p at 0.04p