23 November 2016

JKX Oil & Gas plc

("JKX", the "Company" or the "Group")

October 2016 Monthly Production Report

Summary

·    Average Group production for October 2016 was 9,900 boepd, 2.4% higher than the previous month.

·    September production in Ukraine was impacted by the scheduled maintenance shut downs for both of the Group's gas processing plants.

·    In Russia, a routine acid job was carried out on Well 27 leading to increased month-on-month production.

·    The Company began to implement its field development plan for the Rudenkivske field in Ukraine with the workover of well NN16, which was completed on 6 November. Initial peak hourly production from NN16 was 16.4 MMcfd of gas and 467 boepd of condensate on a 48/64ths" choke (3,200 boepd total) but has since declined. Further information will be provided as production stabilizes.

¹boepd - Barrels of oil equivalent per day

²MMcfd - Million cubic feet per day

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

ENDS

JKX Oil & Gas plc                              +44 (0) 20 7323 4464

Russell Hoare, Chief Financial Officer

Stockdale Securities                         +44 (0) 20 7601 6100

Robert Finlay, Daniel Harris

EM Communications                          +44 (0) 20 3709 5711

Stuart Leasor, Jeroen van de Crommenacker