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JKX Oil & Gas PLC (JKX)

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Wednesday 12 September, 2018

JKX Oil & Gas PLC

Update on 2015 Poltava Rental Fee claims

RNS Number : 5173A
JKX Oil & Gas PLC
12 September 2018

JKX Oil & Gas plc ("JKX" or the "Company")

Update on 2015 Poltava Rental Fee claims


At the hearing of the Poltava Circuit Administrative Court held on 11 September 2018 in respect of one of the 2015 Poltava Petroleum Company ("PPC") Rental Fee claims, PPC filed a motion on the conduct of judicial tax expertise. The Court decided to provide time for the parties to assess the evidence of each opposing party.

This claim relates to additional tax liability and associated penalties of approximately UAH9m (USD0.3m).

The next hearing in this case is set down for 3 October 2018.


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