10 Nov 2008 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 |
FOR IMMEDIATE RELEASE 10 NOVEMBER 2008
JKX OIL & Gas plc ("JKX")
GAS DELIVERY VIA SOYUZ TRUNK LINE
JKX Oil & Gas plc ("JKX") is pleased to announce that it has successfully completed the tie-in of its Ukrainian gas production to the Soyuz trunk line.
The tie-in represents a significant operational milestone for the Company as access to the trunk line effectively removes any delivery constraint on the amount of sales gas that can be delivered to the Company's Ukrainian customers. Prior to the tie-in, the Company's Ukrainian gas delivery capacity was constrained to a maximum of 44 MMcfd.
The tie-in to the 56 inch Soyuz trunk line was finalised in October with installation of two new compressors, a second dew point control plant and fiscal metering systems. Following commissioning of the system, approvals from all relevant regulatory authorities have now been received.
JKX Chief Executive, Dr Paul Davies, said: "This is a significant achievement for the Company following a demanding operational and regulatory process. In addition to removing any gas delivery constraint, this positions JKX to benefit from any upward movement in gas realisation prices in 2009."
ENDS
For further information please contact:
Anthony Cardew Cardew Group T: 0207 930 0777