4 Oct 2021 10:10
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4 October 2021
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
Sale of Non-core Assets
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The Company has previously announced its intention to focus its portfolio on its most prospective opportunities. Following a further review the Board has decided that the Company will dispose of its one remaining non-core asset, being its 100% interest in its Russian operating subsidiary, Yuzhgasenergie LLC. The Company is now actively seeking buyers.
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Sales proceeds from the disposal of this non-core asset will be used to finance on-going activities and possible further acquisitions in Ukraine. Ukraine remains the Company's core focus area and the area where it sees the most prospective opportunities.
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Elements of this press release contain or may contain inside information about JKX Oil & Gas plc within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014/EU) as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") and is in accordance with the company's obligations under Article 17 of UK MAR.
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ENDS
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EM Communications +44 (0) 20 7002 7858
Jeroen van de Crommenacker
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