6 Feb 2017 15:38
06 February 2017
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
Tribunal Award
JKX Oil & Gas plc ('JKX') announces that it has just received notification of the award of the international arbitration tribunal. It is studying the award in detail and will be making a further announcement to shareholders shortly.
In the interim the Company notes that the tribunal found that the Government of Ukraine was in breach of elements of the bilateral investment treaty between the Government of the United Kingdom and the Government of Ukraine and has awarded JKX damages of approximately USD12 million.
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