Appointment of Finance Director

JKX Oil & Gas announces the appointment of Cynthia Dubin as Finance Director of the Company with effect from 21 November 2011. Michael Kayser, who acted as Interim Director of Finance since September, will remain with JKX until Christmas to ensure a smooth transition.

Cynthia Dubin has more than 20 years experience in the oil and gas and energy sectors. She was previously a co-founder and Chief Financial Officer of Canamens Energy Ltd, an oil and gas exploration and production company which focused on North Africa, the Middle East and the North and Caspian Sea regions. Prior to that, Ms Dubin worked for Edison Mission Energy in London for 12 years where she joined as Finance Manager before becoming Vice President and Finance Director for Europe, the Middle East and Africa in 1998.

Ms Dubin started her banking career at The Bank of New York and Mitsubishi Bank advising on and lending to large energy projects. She is a graduate in Business Administration from Georgetown University, Washington DC.

There are no other matters requiring disclosure under Listing Rule 9.6.13.

Dr. Paul Davies, Chief Executive of JKX Oil & Gas said:

“I am delighted that Cynthia will be joining the Company to assist in the execution of our growth strategy. Her expertise especially in project financing as well as her diverse roles in challenging markets and corporate governance areas in the E&P sector will add significant value to JKX. We welcome her to the team and believe she will make a strong contribution to the future of the Company.

“I would also like to take this opportunity to thank Michael for his excellent work during this transition period.”

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For further information please contact:

Anthony Cardew / Nadja Vetter / Alexandra Stoneham, Cardew Group:     T: 020 7930 0777