JKX Oil and Gas Plc (LON:JKX) shares were on the back foot in Wednesday’s early deals as the Ukraine-focused firm issued a statement regarding a legal matter tied to the Poltava Petroleum Company.
The company said in a statement that the court has decided to give more time for the parties to assess evidence of each party. The claims relate to a tax liability and associated penalties, together worth around US$300,000.
A new date, October 3, has been set for the next hearing.
JKX shares were down 1.3p or 4.29% to change hands at 29p.