JKX Departs with Italian Asset Portfolio

JKX Oil & Gas plc has completed the sale of its wholly owned subsidiary, JKX Italia Ltd, to Mediterranean Oil & Gas plc. This sale is in line with JKX's stated strategy of the disposal of non-core assets.

JKX Italia Ltd holds a development permit application, three exploration permits, and one exploration permit application onshore Italy. No hydrocarbon reserves were booked for these assets by JKX.

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