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PPC obtains license extension

21 Jul 2020 07:00

RNS Number : 5285T
JKX Oil & Gas PLC
21 July 2020
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21 July 2020

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JKX Oil & Gas plc

("JKX", the "Company" or the "Group")

PPC obtains license extension

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JKX announces that the Poltava Petroleum Company ("PPC"), its Ukrainian subsidiary, has been granted a new special permit for the Zaplavska field for the purpose of oil and gas production for a period of 20 years. This permit covers a total area of 173 square kilometres.

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PPC's previous licence for exploration for the Zaplavska field was valid until 2019. To date the company conducted 2D and 3D seismic surveys and drilled 5 exploration wells.

PPC plans to carry out a workover in the Zaplavska field by the end of 2020. Including the Zaplavska field licence, the company currently owns 6 production licences in Poltava region.

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ENDS

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JKX Oil & Gas plc +44 (0) 20 7323 4464

Dmytro Piddubnyy, CFO

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EM Communications +44 (0) 20 7002 7860

Stuart Leasor, Jeroen van de Crommenacker

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