12 Jan 2017 07:00
12 January 2017
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
Police inspection in Poltava
JKX Oil & Gas plc ('JKX') reports that yesterday the National Police of Ukraine carried out unexpected searches at the offices of its subsidiary Poltava Petroleum Company ('PPC'). The searches are part of an ongoing investigation announced by the Company on 15 June 2016.
PPC is fully cooperating with the investigation, but nevertheless believes that it is in full legal compliance with matters outlined in the warrant and that the action is completely without merit.
Tom Reed, CEO of JKX commented "We will be bringing this matter up with the relevant authorities in Kiev. I believe these actions to be a distraction for JKX and damaging to Ukraine's investment climate."
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Russell Hoare, Chief Financial Officer
Stockdale Securities +44 (0) 20 7601 6100
Robert Finlay, Daniel Harris
EM Communications +44 (0) 20 3709 5711
Stuart Leasor, Jeroen van de Crommenacker