Koshekhablskoye Well-27 Restored to Production

JKX OIL & GAS plc ("JKX")

announces

Koshekhablskoye Well-27 Restored to Production

JKX Oil & Gas plc ("JKX") is pleased to report that well-27 in its Koshekhablskoye field in southern Russia has been restored to production following repairs and recompletion. The well is currently producing at a rate of 16.3 MMcfd through a 27/64" choke, with a flowing wellhead pressure of 3,370 psi.

The well was completed, pressure tested and restored to production before undertaking a routine acid treatment of the carbonate reservoir to clean out the well and further stimulate production.

JKX Chief Executive, Dr Paul Davies commented:

"Restoration of production from well-27 brings the total field rate to in excess of 45 MMcfd from four wells, comfortably above the original design specification of our process plant. Our next task is to replace the damaged tubing in well-05 and bring it on production to utilise fully the recently upgraded plant capacity of 60 MMcfd."

JKX Oil & Gas plc is an exploration and production company listed on the London Stock Exchange. The Company has licence interests in Ukraine, Russia, Hungary and Slovakia.

ENDS

For further information please contact:

Cardew Group T: 020 7930 0777

Anthony Cardew M: 07770 720 389

Nadja Vetter M: 07941 340 436