27th Feb 2008 15:28
JKX Oil & Gas PLC27 February 2008 FOR IMMEDIATE RELEASE 27 FEBRUARY 2008 JKX OIL & GAS plc ANNOUNCES SALE OF ITALIAN ASSET PORTFOLIO JKX Oil & Gas plc ("JKX") announces that it has today completed the sale ofits wholly owned subsidiary, JKX Italia Ltd, to Mediterranean Oil & Gas plc fora consideration of €2 million. This sale is in line with JKX's stated strategyof the disposal of non-core assets. JKX Italia Ltd holds a development permit application, three explorationpermits, and one exploration permit application onshore Italy. No hydrocarbonreserves were booked for these assets by JKX. JKX Oil & Gas plc is an exploration and production company listed on the LondonStock Exchange. The Company has licence interests in Ukraine, Russia, Georgia,Bulgaria, Turkey, Hungary and the United States. ENDS For further information please contact: Sofia Rehman Cardew Group 020 7930 0777 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JKX.L