JKX Oil & Gas plc announced the results of its first well test in the Koshekhablskoye field, located in the Republic of Adygea, Russia. Well 27 flowed at a stabilised rate of 13.1 MMcfd of gas and an estimated 12 bpd of condensate through a 36/64' choke with a flowing wellhead pressure of 1,741 psi. This flow rate significantly exceeds the rates anticipated at the time of acquisition of the Koshekhablskoye field in 2007 which averaged 6 MMcfd. The re-evaluation of the project schedule and economics announced in the Company's Half-Year Report is well advanced and this well test result will have a positive impact on this review. Well 27 is the first of 10 wells scheduled to be worked over in the Oxfordian limestone reservoir. The workover included replacement of all tubing with corrosion resistant steel and new wellhead and downhole equipment. The well was recompleted open hole in an interval between 5,096m and 5,198m and stimulated with acid using a coil tubing unit prior to testing. The well was worked over and recompleted using the Kremco-900 rig. The rig has now returned to the ongoing Well 20 workover operation, and testing of this second recompleted well is expected later in the fourth quarter.

JKX Oil & Gas plc revealed that its exploration well Gorbehaza-1 in the Nyirseg licence in Hungary's Pannonian Basin has successfully been tested. Drilled vertically to a total depth of 1,300m, the well encountered two gas bearing zones between 970m and 1,025m in the Miocene Pannonian interval and is producing from an accumulation whose size will be established in the early production period. Gorbehaza-1 is the Nyirseg licence's first well drilled in the 120 sq km area in which JKX holds a 33.33% interest. The production test in a 3m perforated interval of the lower zone saw a flow of 3.7 MMcfd of gas and 20 bpd of condensate through a 10mm choke at a pressure of 1,190 psi. JKX will complete the well and a 2.5km flow line will be laid to the Hajdunanas Gas Production Facility which is delivering sales gas from the Hajdunanas Field in which JKX has a 50%, at present.

JKX Oil & Gas plc announced unaudited earnings results for the six months ended June 30, 2009. For the year, the company reported diluted earnings per share of 20.2 cents on gas revenues of $53.6 million compared to earnings per share of 39.4 cents on gas revenues of $40.8 million for the same period last year. Operating profit was $44.5 million against $82.2 million last year. Operating cash flow was $59.9 million against $86.9 million for the same period in 2008. Capital expenditure was $51.6 million against $57.7 million for the same period a year ago. The company announces 5% increase in the interim dividend to 2.3 pence per share against 2.2 pence per share in 2008, which reflects the company's continued liquidity and your Board's confidence in the outlook for the company. The dividend will be paid on October 16, 2009 to shareholders who are on the company's Register of Members at the close of business on September 11, 2009.