Share Name Share Symbol Market Type Share ISIN Share Description
Jkx Oil & Gas LSE:JKX London Ordinary Share GB0004697420 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +2.00% 12.75p 12.50p 13.00p 12.75p 12.50p 12.50p 43,517 08:46:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 59.8 -30.9 -17.5 - 21.95

JKX Oil & Gas Share Discussion Threads

Showing 11651 to 11673 of 11675 messages
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S 21/04/2010 JKX 10000 2.8445 B 08/06/2009 JKX 10000 2.287 Should have got out boys and girls.
JKX faces claims close to $37m in Ukraine and will have to raise external financing if they lose. But, market capitalisation is a low £24m and that could mean an opportunity. This oil producer not only suffers from the fall in oil price but is caught between a rock and a hard place because it has operations in Ukraine and Russia. The political fallout between these two countries is ongoing, along with economic and military uncertainties. It reports a fall of 6.1% in oil production from 9,146 boepd to 8,590 boepd. On a nine-month basis, JKX Oil and Gas have seen daily production fall to 8,645 from 10,155, 16% decline. Some good news It was able to restructure their $16m (£12m) bond payments to amortised over three years starting from February 2018. The company made bond interest of $1.1m. Their next bond payment of $6.9m is due in February 2018 and it is able to finance from cash flow. Legal dispute There is total of $37m in claims from the UKRAINE, an area that accounts for 35% of production with the hearing expected shortly. Some Historical Analysis Oil production remained at similar levels for some time, but the revenue for that oil has changed. Back in 2011/12, JKX produces oil production equivalent of 8,000 to 9,000 per day, but their revenue (in £ terms) fell from £148m in 2011 to £54.7m in 2016. In the past three years, it recorded annual net losses totalling £120m, whereas it made a £37m net profit in 2011. It has net borrowings of £2m, along with cutting their asset values down to £200m from £400m. Cash flow Net cash flow has declined dramatically from £80m to £12m. Meanwhile, capex is cut to £5.5m in 2016, although this will rise to maintain production level because depreciation and amortisation is £14m. Oil reserves 2P The company has 109m barrels of oils at the 2P level and 169.5m barrels at 3P level (though given the low price could mean uneconomical). The annual rate of production is equivalent to 3m-4m barrels per year. At current market capitalisation, you are getting $30m/109m, then the market is valuing JKX at $0.3 per barrel. Meanwhile, Tullow Oil is selling for $3 per barrel. Broker Forecast Stockdale securities have forecast a share price of 40p, a 280% share price appreciation. My thoughts The market capitalisation is nearly obliterated, falling from £540m in 2010 to £24m today, a 95% decline. If they lose the claims, then JKX would need to raise financing from shareholders and investors. It looks like a punt if you can stomach the tension between Ukraine and Russia. Therefore, I can’t value this business. But if they raise significant finance from shareholders (£50m) then I will be more confident about their prospect. If you want to read more about other companies’ analysis, those who have released updates and results today, then click
why are they bothering, they should just give it up as a bad job, hand it back to the Ukrainians, who don't want them there anyhows, and come home....
Interesting timing. "...Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, announces changes to the Board of Directors of the Company. With effect from 16 October 2017, Mr Keith Henry will step down as Executive Chairman and Director of the Company and Dr Alastair Graham will step down as Non-Executive Director of the Company. ..." === I wonder how far down the list of assets of Igor Kolomoisky and Gennady Bogolyubov, the Prosecutor General's Office will go. The Pechersk District Court has issued instruction to seize various properties in a dispute regarding PrivatBank. Could their shareholding in JKX ( Eclairs Group Ltd 47,287,027 27.47% ) be taken out of their control?
This looks to be heading lower than when the old brigade were in charge! :-\
Https:// 11-09-2017 Ministry of Justice hire firm for upcoming legal case. International Law Firm King & Wood Mallesons (MENA) LLP
happy: JKX is certainly cheap. They have £152M of net assets and only £20M mkt cap. However, there are significant problems here: 1) The gov on Ukraine are trying to get JKX to pay significant back taxes ($30M+). Very debatable whether they actually owe them or not, but sensible tax policy and Ukraine are not the same. 2) Russia with poor internal gas rates is struggling to generate cash (and until the mkt opens up that will continue). 3) Ukraine has struggled to increase production and therefore, cash. 4) There are all sorts of power struggles going on with the ownership and control of JKX. Until all these issues get resolved this is resigned to limp along IMO
HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
Http:// 25-07-2017 JKX converting some of their crude oil into petroleum products, which they will then sell. First auction on 27-07-2017 for a token amount. Possiblility of higher profit margin? Also on 26-07-2017 first sale following the re/up-graded of their LPG to PBA grade. Http:// -- Pending Half year figures due soon. Fracking stage two? Proposals for new Bod? Three legal cases against Ukraine.
Announcement: Thanks for all your votes folks, we have noted them and we are doing our very best to work around them.
AGM today! Musical chairs?
It looks like the two principal shareholders may now be about to vote in their own directors and effect a back door control over the company. Acting as a concert party.
I would urge anyone interested in Oil and Gas plays, to view the recent CEO presentation. Looks like a very exciting few months for JKX: HTTP://
Its laughable really. Ukraine desperately need to encourage foreign investment, and they tie JKX up with tax hikes (from 28-55%, then back again), then numerous law suites for rent arrears. JKX are a large foreign investor and have been making sizible losses for several years, due to this - it is not as though they are making huge profits. "Advert: Come and invest in Ukraine, we will try to sue you for everything we can and tax you to make sure you make losses for years!!"
Eclairs Group Ltd. 47,287,027 27.5% Proxima Capital Group, Inc. 34,288,253 19.9% Neptune Investment Management Ltd. 22,881,056 13.3% Keyhall Holding Ltd. 19,656,344 11.4% Interneft Ltd. 11,368,460 6.60% JKX Employee Benefit Trust 5,000,000 2.90% River & Mercantile Asset Management LLP 2,747,166 1.60% Ceskoslovenska Obchodni Banka, a.s. 2,295,043 1.33% TD Direct Investing (Europe) Ltd. 2,226,000 1.29% Investec Wealth & Investment Ltd. 1,916,000 1.11% This looks the most up to date list I can find. Some unusual names on there! HTTP://
The website could do with updating: Major Shareholders Information as at 4 March 2016
Might be right inki. Though what really needs to get sorted first is all the court cases. To date the situation is: 1) Awarded + $12M for arbitration case 2) Has -$32M of disputed rental / tax payments going through the courts So depending on how that lot sorts itself out, JKX will either have money to expand production or not. Coin anyone?
The new management have shown a more focused outlook, instead of burying their heads in the sand as before. Their objectives seem well laid out. However one can still recall the major shareholders who may or may not still be considered 'a concert party' or 'connected', could at the time when funding is needed take control in some way.
Interesting developments in Ukraine with coal blockades and potential 40% hike in domestic gas prices. No idea how this will effect JKX. They are doing the right thing, developing gas fields and keeping their head down: HTTPS://
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
Chat Pages: 467  466  465  464  463  462  461  460  459  458  457  456  Older
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