|Jkx Oil & Gas
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
JKX Oil & Gas Share Discussion Threads
Showing 11626 to 11648 of 11650 messages
|Polygon Global Partners LLP reduced their net short from 0.57 to 0.49% on 07-02-2015. The short (was originally/maybe still is) to hedge their convertible bonds.
So having read the arbitration result they are not expecting the share price to fall much in the near future?
Looking at cash flow, JKX should have enough to pay the Bond interest later this month and the bond repayment + interest February 2018.
If there was a requirement to pay either or both of the two court case in the next 12 months, that would be interesting.
Might have to sell the Russian assets.
However production has been increasing:
Ukraine natural gas production was up 7.1% to 16.51 cu M for the month of January.
Then well NN47 is being put on to production at about 11.5 mm cu ft d
Well NN16 work over = ?
Hungary well HN-2st due to go into production early February at 1.8 mm cu ft d
So possible 70% increase in gas production.
Combine with the improvement in production taxes, there could be enough profit to cover the court debt ( if payments were made in stages ).
It could soon be clear of all debt (bonds and any court) and have a more relaxed share price.
Bit like a fat swan on the opposite side of a lake - the ingredients are there for a take off and flight - but keep an eye on its progress.|
|"as late in the day"
And so was the follow up!! :-/|
|Tomorrow it will missed as late in the day|
|Thought this would have climbed a lot more on the positive news|
|Great news for jkxSo some of these arbitration tribunals do end up in favour of the wronged party.Unlike Oxus and Churchill who were both shafted big time.|
|JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
JKX Oil & Gas plc ('JKX') announces that it has just received notification of the award of the international arbitration tribunal. It is studying the award in detail and will be making a further announcement to shareholders shortly.
In the interim the Company notes that the tribunal found that the Government of Ukraine was in breach of elements of the bilateral investment treaty between the Government of the United Kingdom and the Government of Ukraine and has awarded JKX damages of approximately USD12 million.
|Thanks for the reply, but what I meant to ask was whether the management would, production and gas price allowing, be of a mind to treat all shareholders equally, by paying dividends or will the controlling shareholders corral the money.
I seem to remember some JKX funds being placed in one of the shareholders banks and then the company being unable to access the funds, being paid back some time later, in the form of a small oil/gas concession, of opaque value.
|Hi all hope your all well re jumbo (hd)|
|The way I see it, there is another battle going on between corruption on one side and good business environment on the other. JKX in right on the front line, and should be a huge beneficiary if the fun and games and Police inspections finish, and of course the arbitration court files in their favour. The odds are in JKX's favour IMO, but nothing is certain.
Could be this too:
|What's the story morning glory?|
blue sky territory
Totally agree. These will take off imho once the buyers are back. It moves on very little volume. Surprised the day traders haven't jumped on this!|
|Polygon Global Partners LLP JKX Oil & Gas PLC GB0004697420 0.57% 2017-01-17
Reduced "Net Short" position by approx 188,895 shares. Probably to match equivalent sale of bonds, Or maybe they liked the production figures in the RNS on 17th?|
It seems it is the first time JKX have used that particular auction company. There are a number of companies that provide online venues for product to be sold.
Looks like previously JKX mainly sold their oil, gas condensate and natural gas on their own auction website.
Now only the weekly LPG is still being sold there?
|this one is a hard one to call cudmore. We are waiting on news from the arbitration, mean while JKX are slowly but surely getting things ramped up (Hungary now producing again).
IMO I think this will be double from here, maybe more but we need to be patient.|
Cheers for that. I understood from the original report that this was the first of these auctions though (or did it just mean the first in 2017?).|
|Does anyone expect a rise in this share price short term?|
|The auction price is roughly following the import price. JKX got about $254 per 1000 cu metres which reflects the winter peak demand. That price seems to be a bit higher than the at border natural gas import price.
(approx. 95% of the pipeline import capacity from Europe is being used now)
(no natural gas is being imported from Russia for use in Ukraine)
So it is a good time to be producing and selling gas.
Previous import prices for 2016 are shown in the below link. I'm not sure how closely that matched the prices that JKX got.
|"...sold 1,200,000 cu metres natural gas for delivery Feb 2017 for approx. $0.305 million..."
Presumably this is at a seasonal premium and may be expected to wane into the summer. Not sure what they have received for sales previously - did you compare?|
|For an example of a recent auction, JKX sold 1,200,000 cu metres natural gas for delivery Feb 2017 for approx. $0.305 million ex vat on 17-01-2017.
Next auction for 1.0 million cu metres on 19-01-2017.|
|A few buys this afternoon and these will turn blue again|
The trend is moving towards selling produce at auction. Winning bidders have to pay in advance of delivery. The typical chain would only involve private companies with good credit rating such as from JKX to Trader/Wholesaler to Industrial user.
The slightly more problematic payment chains that involve high volume consuming state owned users such as power stations and regional energy distribution companies I suspect are more likely to be supplied by the large state controlled producers.|
|The weird thing is cudmore that I know for a fact the 30,000 trade was a sell.
Think this is going to move much higher IMO|