OREANDA-NEWS. January 27, 2010. JKX Oil&Gas will issue shares for a total amount of LSD 37.8mn (USD 61mn) as financial support of new projects in Russia and Ukraine. The Company will place 14,257,270 shares at the starting price of 265 pence per share, which will make up 8.3% of new share capital. A discount for the share placement price is 4.7% as compared to the latest price discovery on London Stock Exchange (LSE) that occurred on the 25th of November 2010.

Millennium Capital: this news is positive for the Company, because new funds that were obtained this way will go for widening of extraction and valuation drilling programs. In the future, it will help strengthen JKX Oil&Gas hand at the market.