19 Oct 2010 07:00
6 Cavendish Square, London W1G 0PD, England, UK
Tel: +44 (0)20 7323 4464 Fax: +44 (0)20 7323 5258
Web site: http://www.jkx.co.uk
19 October 2010
JKX OIL & GAS plc ("JKX")
ANNOUNCES
BULGARIA EXPLORATION UPDATE
JKX is pleased to announce that the Shkorpilovtci South West R-01 exploration well in east Bulgaria spudded successfully on 17 October 2010. The well is targeting an amplitude supported channel sand complex of late Eocene age. Results from the well, which will drill to a proposed total depth of 900m, are expected in early November. Prospective resources for this feature are estimated at 20-30 Bcf (gross).
JKX (40%) operates the Golitza B1 licence with co-venturers Balkan Explorers (30%) and Sorgenia (30%).
JKX Oil & Gas plc is an exploration and production company listed on the London Stock Exchange. The Company has licence interests in Ukraine, Russia, Bulgaria, Hungary and Slovakia.
ENDS
For further information please contact:
| Catherine Maitland / Alexandra Stoneham | Cardew Group | 020 7930 0777 |