viewJKX Oil & Gas PLC

JKX Oil and Gas gets new date on tax claim hearing

A new hearing date has been set for October 3 to give more time to assess evidence

oil and gas operations
JKX shares were down 1.3p or 4.29%

JKX Oil and Gas Plc (LON:JKX) shares were on the back foot in Wednesday’s early deals as the Ukraine-focused firm issued a statement regarding a legal matter tied to the Poltava Petroleum Company.

The company said in a statement that the court has decided to give more time for the parties to assess evidence of each party. The claims relate to a tax liability and associated penalties, together worth around US$300,000.

A new date, October 3, has been set for the next hearing.

JKX shares were down 1.3p or 4.29% to change hands at 29p.

Quick facts: JKX Oil & Gas PLC

Price: 24.9 GBX

Market: LSE
Market Cap: £42.76 m

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