16 Aug 2018 07:00
RNS Number : 9310X
JKX Oil & Gas PLC
16 August 2018
16 August 2018
JKX Oil & Gas plc ("JKX" or the "Company")
Adjournment of Poltava Tax Case
On 26th July 2018 we announced that a hearing for consideration of one of the 2015 Poltava Petroleum Company Rental Fee claims had been adjourned to 15th August 2018. This claim relates to additional tax liability and associated penalties of approximately UAH64m (US$2.4m).
The hearing has been further adjourned following the Poltava Circuit Administrative Court's request to obtain expert evidence on the lawfulness of tax notifications decisions. No new date has been set down for a resumption of proceedings.
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
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JKX.L (JKX)