JKX OIL & GAS

Ukraine and Russia are the key regional markets in which we have chosen to operate. Both Ukraine and south west Russia are significant net consumers of oil and gas. We expect local governments to continue to encourage investment through attractive gas pricing. We are the most experienced western operator in Ukraine and an early mover into the independent gas sector in Russia. In Ukraine and Russia we have proven gas, condensate and oil reserves and significant local operations. We have conside... rable local expertise and established infrastructure which underpins our ability to benefit from the attractive Ukrainian and Russian gas markets and return long-term value to shareholders. Our core strengths have been built through the people that we employ and through many years of operational experience in the oil and gas industry in central and eastern Europe.More