|Jkx Oil & Gas
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
JKX Oil & Gas Share Discussion Threads
Showing 11626 to 11649 of 11650 messages
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|
|Any buys and these trickle upwards. Must be a severe shortage of stock.|
|xxx: my understanding are that in the Ukraine most oil / gas is sold through Shell. In Russia it is sold to a local power station. Historically there have been no issues with payment (though lots of legal disputes).
JKX were always a good divi payer before the latest downturn and I see no reason why that culture cannot return. Though this is new management and board members so their policy could well be different. This does have a big ? hanging over it, but I am hopeful this will pay a divi if all goes well over the next 12 months. - The future tax situation and the arbitration case is a big part of that, though, lets see what gets agreed. I notice the proposal to drop the tax rate for new wells in Ukraine did not get approved.|
|It seems to me that the gas/oil are still producible, [although the wells are deep].
The most prominent risks for me are around 1/ the company getting paid [the govt take] and 2/ other shareholders controlling the management/ preventing the flow of those funds back to shareholders in the form of dividends.
I would be interested to hear peoples views about these 2 issues..|
|Where's this imminent news???|
|hello are we off again. Perhaps news coming!!|
|could explode on positive news , production greatly underpins the stock
|Looking at the rise this week I reckon someone knows there is positive news looming here. Definitely worth a punt!|
|International ArbitrationAs reported in previous announcements, in 2014 the Company commenced arbitration proceedings against Ukraine on the basis of overpayment of production taxes ('Rental Fees'). The main arbitration case, which relates to the overpayment of approximately $180 million in Rental Fees plus damages to the business, was heard in London in early July and we expect the tribunal's decision by the end of 2016.|
|Just topped up with another 50,000 shares at 33p at 4.26pm
Off to Cuba for Xmas and New Year............Any others going there for Xmas.....?.......For a meet.....?
Maybe a long shot
Regards , MoneyOilyBags|
|Incredible assets (over £300M invested), just happen to be in Ukraine and Russia!
Probably be some resistance around 30p BUT they are claiming £280M in damages from Ukraine and the court decision is anytime now. This could move fast IMO|
|wally, I love it too. Makes two of us.|
|Well this has woken up. Interesting times a head IMO|
|Watching with interest Wallwoo.
Purchased JKX many moons ago at 11.8p,
fell through my tracking stop-loss at 65p.
Never bought back in again only to see them slice through £5 eventually.|
|Strange share jkx it's up over 20% and I am the only poster. Very unloved!|