2 October 2018
JKX Oil & Gas plc ("JKX" or the "Company")
Update on 2015 Poltava Tax Cases
In relation to one of the 2015 PCC Rental Fee claims, the Company has now been informed that a hearing has been set down for 16 October 2018.This claim relates to additional tax liability and associated penalties of approximately UAH73m (US$2.6m).
There are eight separate 2015 PPC Rental Fee claims totalling UAH575m (USD20.4m) in additional tax liabilities and associated penalties. A date has only been scheduled for one other claim, which relates to additional tax liability and associated penalties of approximately UAH9m (USD0.3m) and is scheduled for 3 October 2018. The amounts referred to do not include late payment interest.
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
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