JKX Oil & Gas PLC Update on 2015 Poltava Rental Fee claims (9645Y)
28 August 2018 - 6:00PM
UK Regulatory
TIDMJKX
RNS Number : 9645Y
JKX Oil & Gas PLC
28 August 2018
28 August 2018
JKX Oil & Gas plc ("JKX" or the "Company")
Update on 2015 Poltava Rental Fee claims
A hearing of the Poltava Circuit Administrative Court has been
set down for 11 September 2018 in respect of one of the 2015
Poltava Petroleum Company ("PPC") Rental Fee claims. This claim
relates to additional tax liability and associated penalties of
approximately UAH9m (USD0.3m).
There are eight separate 2015 PPC Rental Fee claims totalling
UAH575m (USD20.6m) in additional tax liabilities and associated
penalties. Apart from the hearing referred to above, no other dates
have been scheduled for hearings, although as previously reported a
hearing in relation to a claim for additional tax liability and
associated penalties of UAH64m (USD2.3m) was recently adjourned and
is expected to be scheduled in the coming months. The amounts
referred to do not include late payment interest.
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
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