We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jkx Oil & Gas Plc | LSE:JKX | London | Ordinary Share | GB0004697420 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.50 | 39.50 | 42.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMJKX
RNS Number : 5797J
JKX Oil & Gas PLC
05 December 2018
5 December 2018
LEI: 213800AS2I1XUAGQ6F27
JKX Oil & Gas plc ("JKX")
Update on 2015 Poltava Rental Fee claims
As explained in the JKX 2017 consolidated financial statements, the Ukrainian tax authorities have claimed additional Rental Fees for 2015 and JKX has made a provision of US$ 25.8m as at 31 December 2017. The claim is being contested in eight separate cases with four of the claims currently suspended in the Supreme Court with the remaining four being heard by the Poltava Circuit Administrative Court ("the Court").
At the adjourned hearing of the Court held on 4 December 2018 in respect of Case 816/845/16, being the first of the four cases of the 2015 Poltava Petroleum Company ("PPC") Rental Fee Claims, the Court considered legal and tax expert evidence put forward by PPC, along with objections submitted by the Poltava Tax Authorities.
The Court found in favour of PPC and it ruled that Tax Notification Decisions previously issued against PPC were illegal and will be cancelled. This decision might be subject to appeal in the higher courts in Ukraine.
This case relates to additional tax liability and associated penalties of approximately UAH 9 m (US$ 0.3m).
For more information:
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCGMMGZVKFGRZM
(END) Dow Jones Newswires
December 05, 2018 11:05 ET (16:05 GMT)
1 Year Jkx Oil & Gas Chart |
1 Month Jkx Oil & Gas Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions