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British oil and gas producer to expand production activity in Ukraine
Journal Staff Report

KIEV, May 30 - British oil and gas producer JKX Oil & Gas Plc. plans to expand its portfolio of field licenses for oil and gas production, the company said in a statement filed with the London Stock Exchange (LSE), which cited JKX's management.

The company is actively looking for attractive assets for acquisition, the statement said.

In addition, in the third quarter of this year, the company intends to join up with the Soyuz trunk pipeline. This will allow JKX to boost gas supplies from fields developed by its subsidiary, Poltava Petroleum Company from 40 million-42 million cubic feet a day to around 50 million cubic feet.




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