JP KENNY SETS FIELD DEVELOPMENT IN UKRAINE AREA

JP Kenny Exploration & Production Ltd. (JPK Expro), Guildford, U.K., plans to start production in third quarter 1994 from three reservoirs in the Rudenkovskoye and Novo-Nickolaevskoye group of fields in the Poltava area of Ukraine. Development will be carried out by Poltava Petroleum Co. (PPC), a joint venture owned 49% by JPK Expro and 51% by Poltavaneftgasgeologia and Poltava Gasprom, a subsidiary of state gas company Ukragasprom. From its headquarters in Poltava, 350 km southeast of Kiev,

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