Sale of US Oil & Gas Interests

6th Aug 2009 08:00



 

 

JKX OIL & GAS plc ("JKX")

ANNOUNCES

SALE OF US OIL AND GAS INTERESTS 

JKX Oil & Gas plc ("JKX") announces that it has sold its interest (34.4%) in the Phoenix Unit (formerly known as the West Huxley Deep Federal Unit) east Texas, for $10.1 million to Petrohawk Energy Corporation, a US independent oil and gas company. The assets have a book value of $7.4 million. The disposal is in line with JKX's stated strategy of focusing on its core area of central and eastern Europe.

- ENDS -

For further information please contact: 

Anthony Cardew / Catherine Maitland / Matthew Law

Cardew Group

020 7930 0777

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