Expiry of Ukrainian Gas Sales Restrictions & JKX Oil & Gas Returns to Full Production

Source: www.gulfoilandgas.com 3/2/2015, Location: Asia

JKX announces that that it has received confirmation from the Ukrainian state gas distributor that 100% of its nominations for March delivery of gas to industrial customers have been accepted. The Company has now returned all wells in its Ukrainian fields to full production.

The Ukrainian Government issued a decree on 29 November 2014 directing major industrial buyers to acquire their gas solely from the Ukraine state-owned gas company Naftogaz during the three-month period 1st December 2014 to 28th February 2015. This resulted in the Company's Ukrainian subsidiary being forced to shut-in a proportion of its oil and gas production during this period.

JKX Oil & Gas plc is an exploration and production company listed on the London Stock Exchange. The Company has licence interests in Ukraine, Russia, Hungary and Slovakia.


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