28 May 2010
JKX Oil & Gas (LSE: JKX LN) shareholders, at an AGM yesterday, approved a dividend for 2009 at GBP 0.05 per share, a 4% yoy increase. JKX, thus, will pay a final dividend for 2009 of GBP 0.027 per share, after paying an interim dividend of GBP 0.023 per share. JKX Chairman Rt. Hon. Lord Fraser of Carmyllie Q.C. said at the AGM the company’s Ukrainian drilling program was ongoing, and that to date, JKX had drilled three wells and completed two of the eight new development wells scheduled for this year. Fraser said JKX was drilling the first of three deep wells planned for the Rudenkovskoye field.