Police Probe into JKX Subsidiary Continues

Eastern Europe-focused junior energy firm JKX Oil & Gas said that a local police investigation into its Ukrainian subsidiary, Poltava Petroleum Company, is continuing. The company said it is continuing to receive information requests from local police in connection with a criminal investigation of alleged misappropriation of funds linked to PPC's activities, following police searches of PPC offices and the homes of two of its executives on June 14.

JKX said that PPC is cooperating with the investigation, although the scope of the investigation "appears to have broadened form the original search warrant".

JKX has now referred the matter to the British and U.S. embassies in Kiev and has asked for assistance in engaging with the relevant authorities to resolve the situation.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Doosan Babcock to Cut Almost 500 UK Jo... (Dec 7)
 -  Israel Approves Energean Purchase of K... (Dec 7)
 -  Faroe Completes Acquisition of DONG No... (Dec 7)
 -  Reports: Offshore Gas Worker Dies in N... (Dec 7)
 -  OGA Launches Supplementary Exploration... (Dec 6)


Most Popular Articles

From the Career Center
Jobs that may interest you
GIS Intern Job
Expertise: Cartography / Mapping|Landman|Modeling
Location: Eau Claire, WI
 
Mechanical Quality Assurance (QA) Specialist
Expertise: QA / QC / Inspection|Regulatory Compliance
Location: Anchorage, AK
 
Electrical Quality Assurance (QA) Specialist
Expertise: QA / QC / Inspection|Regulatory Compliance
Location: Anchorage, AK
 
search for more jobs

Natural Gas : $3.64/MMBtu 0.27%
Brent Crude Oil : $53.93/BBL 1.83%
Light Crude Oil : $50.93/BBL 1.66%
Updated in last 24 hours