Starhol Holding Limited agreed to the terms to acquire Folyopart Energia KFT from JKX Oil & Gas plc (LSE:JKX) for $2.9 million on March 9, 2020. The transaction consideration will be paid in cash. Folyopart reported a gross assets of $3.3 million and profits of $0.1 million in the year ending on December 31, 2019. The proceeds of the transaction will be used to fund ongoing operations in Ukraine. The transaction is subject to the approval of the Ukrainian Anti-Monopoly Committee which is expected to be acquired in 4-8 weeks. On February 18, 2021 Ukrainian Anti-Monopoly Committee disapprove the deal. Starhol Holding Limited cancelled the acquisition of Folyopart Energia KFT from JKX Oil & Gas plc (LSE:JKX) on February 18, 2021.