Police inspection in Poltava

Released : 12.01.2017 07:00

RNS Number : 9614T
JKX Oil & Gas PLC
12 January 2017
 

 

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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