JKX Jkx Oil & Gas Plc

TIDMJKX

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

END

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January 12, 2017 02:00 ET (07:00 GMT)

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