30th Dec 2016 15:31
LONDON (Alliance News) - JKX Oil & Gas PLC said Friday it has not received a decision from an arbitration tribunal about its ongoing dispute with the Ukrainian government over rental fees on gas production.
JKX said it had anticipated receiving a decision, over its claim it overpaid approximately USD180.0 million in taxes, before the end of 2016, after an arbitration hearing was held in London in July.
However, the company said it has not yet received a decision and will update the market when it receives more information.
Shares in JKX Oil & Gas closed down 1.6% at 30.00 pence Friday.
By Adam Clark; [email protected]
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