page 1
page 2
page 3
page 4
page 5
page 6
page 7
page 8
page 9
page 10
page 11
page 12
page 13
page 14
page 15
page 16
page 17
page 18
page 19
page 20
page 21
page 22
page 23
page 24
page 25
page 26
page 27
page 28
page 29
page 30
page 31
page 32
page 33
page 34
page 35
page 36
page 37
page 38
page 39
page 40
page 41
page 42
page 43
page 44
page 45
page 46
page 47
page 48
page 49
page 50
page 51
page 52
page 53
page 54
page 55
page 56
page 57
page 58
page 59
page 60
page 61
page 62
page 63
page 64
page 65
page 66
page 67
page 68
page 69
page 70
page 71
page 72
page 73
page 74
page 75
page 76
page 77
page 78
page 79
page 80
page 81
page 82
page 83
page 84
page 85
page 86
page 87
page 88
page 89
page 90
page 91
page 92
page 93
page 94
page 95
page 96
page 97
page 98
page 99
page 100
page 101
page 102
page 103
page 104
page 105
page 106
page 107
page 108
page 109
page 110
page 111
page 112
page 113
page 114
page 115
page 116
page 117
page 118
page 119
page 120
page 121
page 122
page 123
page 124
page 125
page 126
page 127
page 128
page 129
page 130
page 131
page 132
page 133
page 134
page 135
page 136
page 137
page 138
page 139
page 140
page 141
page 142
page 143
page 144

Designed and produced by db&co www.dbandco.co.uk, in association with Robson Dowry and RPD Consulting. Board photography by Peter ThompsonSatellite images by Planetary Visions LtdPrinted in the UK by Pureprint Group LtdThe report is printed on Amadeus 50 Recycled Silk which is produced with 50% recycled fi bre from both pre and post-consumer sources, together with 50% virgin fi bre from sustainable forests independently certifi ed according to the rules of the Forest Stewardship Council. All pulps used are Elemental Chlorine Free (ECF) and the manufacturing mill is accredited with ISO 14001 standard for environmental management. We welcome visits to our websitewww.jkx.co.ukDirectors and advisorsDirectors Sir Ian ProsserLord OxfordNigel MooreAlastair FergusonDipesh Shah OBEDr Paul DaviesCynthia DubinMartin MillerPeter DixonCompany secretary Cynthia DubinRegistered office 6 Cavendish Square, London W1G 0PDRegistered in EnglandNumber: 3050645 Registrars EquinitiAspect House, Spencer RoadLancing, West Sussex BN99 6DASolicitors Allen & Overy LLPOne Bishops Square, London E1 6ADHerbert Smith LLPExchange House, Primrose StreetLondon EC2V 7ANSNR Denton UK LLPOne Fleet Place, London EC4M 7WS Principal bankers Bank of Scotland plcThe Mound, Edinburgh EH1 1YZIndependent auditors PricewaterhouseCoopers LLPChartered Accountants and Statutory Auditors1 Embankment Place, London WC2N 6RHFinancial advisors Hawkpoint Partners Limited41 Lothbury, London EC2R 7AEStockbrokers Brewin Dolphin Investment Banking,48 St Vincent Street, Glasgow G2 5TSOriel Securities Limited125 Wood Street, London EC2A 2HS Glossary2P reserves Proved plus probableP50 Reserves and/or resources estimates that have a 50 per cent probability of being met or exceededAIFR All Injury Frequency RateBcf Billion cubic feetbcpd Barrel of condensate per dayboe Barrel of oil equivalentboepd Barrel of oil equivalent per daybopd Barrel of oil per daybpd Barrel per daycfpd Cubic feet per dayHryvna The lawful currency of Ukraine HSEC Health, Safety, Environment and Community LIBOR London InterBank Offered RateLPG Liquified Petroleum GasLTI Lost Time InjuriesMbbl Thousand barrelsMboe Thousand barrels of oil equivalentMcf Thousand cubic feetMMbbl Million barrelsMMboe Million barrels of oil equivalentMMcfd Million cubic feet per dayRoubles The lawful currency of Russia sq.km Square kilometreTD Total depth $ United States DollarsUS United StatesConversion factors 6,000 standard cubic feet of gas = 1 boe

JKX Oil & Gas plc, 6 Cavendish Square, London W1G 0PD+44 (0)20 7323 4464