17 May 2017

JKX OIL & GAS PLC

("JKX" or "the Company")

Initiation of Rudenkivske field stimulation program

JKX announces that a contract has been signed with Schlumberger to stimulate 11 wells with multiple zones during the second and third quarter of this year and the technical fleet has arrived at its facility in Poltava, Ukraine. It is expected that the stimulation program will begin within the next two weeks.

The Company also draws attention to a presentation given by Tom Reed, JKX's CEO, on 11 May 2017 at the Oil Capital conference in London where he gave an update on the progress made by the management team since their appointment in January 2016.

A video of the full presentation can be found through the following link:

http://www.oilcapital.com/companies/stocktube/7453/jkx-oil-gas-ceo-tom-reed-presents-at-the-oil-capital-conference-may-2017-7453.html

The presentation slides are available at:

http://www.jkx.co.uk/investor-centre/investor-download-centre.aspx

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is issued 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