JKX Oil & Gas said investigations by police in Ukraine are continuing into the company's subsidiary Poltava Petroleum Company (PPC).
JKX Oil & Gas
JKX Oil & Gas has received backing from corporate governance specialist ISS in rejecting all resolutions proposed by Proxima Capital Group which is accused of trying to "seize control" of the company.
JKX Oil & Gas said it welcomed the Ukraine government's decision to cut gas production tax in the country to 29% from 55%.
JKX Oil & Gas has successfully restarted production on well-27 in its Koshekhablskoye field in southern Russia.