Russia's Proxima says does not intend to make an offer for JKX
Feb 19 (Reuters) - Russian investment firm Proxima Capital Group said on Thursday it did not intend to make an offer for JKX Oil & Gas Plc (LSE: JKX.L - news) .
JKX's London-listed shares fell as much as 27 percent to 24.95 pence after the announcement.
Proxima said on Feb. 5 it was in the early stages of considering a potential offer for JKX. (Reporting By Mamidipudi Soumithri in Bengaluru; Editing by Maju Samuel)