Shares: Taking Stock
Thursday 28 May 1998
SHARES of JKX Oil & Gas shaded to 31.5p but could suffer a sharp fall today. The company, the subject of a fierce takeover battle last year, produced increased losses of pounds 3.3m, A pounds 54m takeover bid by Ramco Energy was defeated by Ukrgazprom, the Ukrainian state-owned oil company, which waded into the stock market, buying a 22 per cent blocking stake and forcing Ramco to walk away.
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