Jkx Oil & Gas Share Discussion Threads

[the ballcock] 29/2/2012 12:31

cheers mate, nice informative

no one seems interested in this

[jaka] 29/2/2012 01:59

The companies last statement continued to battle with falling production being offset by higher oil prices. A boost in gas sales should come from the Koshekhablskoye facility coming on stream in the current quarter, fingers crossed.

A capacity of 40 million feet of gas per day with 30 million expected. The gas flow from Well-25 is currently completing remedial work after an unstable gas flow of six million cubic feet per day.

The side tracking for Well-9 and the deepening of Well-22 continues in the hope of bringing the Koshekhablskoye field to full capacity.

Russian natural gas prices continue to rise against the fall in the last half of 2011 in Brent and Russian gas prices are expected to remain buoyant in 2012.

In Hungary, Hajdunanas (JKX 50%), the fall of 35% from the prior quarter due to the inundation of water is in the process of being remedied.

The Hungary and Ukraine fields is expected to average around 9000 Boepd, 8557 previous, in the December quarter and is expected to show a reversal in the recent decline in production. Crucial if the company wants to achieve its targeting of 20000 boepd.

Also in Hungary of the seven wells drilled on the Turkeve field (JKX 50%) one has made a significant discovery. The high carbon dioxide content, a problem, is currently being evaluated.

JKX is through the exploration and development potential of its current stable of assets and is working toward achieving its production target supported in the meantime, by elevated oil and gas prices.

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29054

[mpclag] 28/2/2012 09:48

Looks like I got the wrong month-sorry about that

[the ballcock] 22/2/2012 15:42

less than 10 days to go for what mate ? i think results are end of march

[the ballcock] 20/2/2012 11:20

we've certainly been left out of the party that other oilers have enjoyed

[mpclag] 20/2/2012 07:46

less than 10 days to go

[the ballcock] 16/2/2012 16:17

buy em mate

2 broker notes out lately.

JKX Oil & Gas Broker Views
Date Broker Recommendation Price Old target price New target price Notes
13 Feb Oriel Securities Add 138.50 - - Retains
10 Feb Barclays Capital Equal weight 138.50 265.00 175.00 Upgrades

[edjge2] 15/2/2012 21:57

BallC seems to have got to this level in 2008 panic tempts me to try a few, especially with the Iranians news. Better have a closer look first.

[the ballcock] 13/2/2012 16:28

COME ON U CHIANEASE, PUT IN A BID.

[the ballcock] 13/2/2012 16:13

could there be something brewing boys ?

Let's hope the chinease are lining up a bit at 300p a share.

[the ballcock] 13/2/2012 10:04

It certainly is an underperformer, only thing is we have to be near the bottom.

Barclays tipped it on friday at 175

[smurfy2001] 12/2/2012 16:15

Oh dear.

On 7th Jan when l recommended my sell, this was around 280p...

Need to check whether this is worth a punt, but GKP a far better bet.

smurfy2001 - 7 Jan'11 - 20:48 - 340 of 444 edit

Strong sell, when crude drops this will drop bigstyle.

Matrix are offloading to mug punters, that's all....



Welsheagle - 7 Jan'11 - 20:21 - 338 of 339

Matrix reiterated their ' Buy' recommendation today.

[the ballcock] 07/2/2012 09:56

COME ON U JKX.

Broker notes.

JKX Oil & Gas Broker Views
Date Broker Recommendation Price Old target price New target price Notes
20 Dec UBS Neutral 143.00 320.00 - Downgrades
19 Dec Oriel Securities Add 143.00 - - Retains
07 Dec Goldman Sachs Buy 143.00 373.00 - Upgrades
15 Nov Oriel Securities Add 143.00 - - Retains
15 Nov N+1 Brewin Buy 143.00 292.00 256.00 Reiterates

[the ballcock] 07/2/2012 09:47

Took a position here, seems undervalued.

[jaka] 06/2/2012 17:19

Bright spots and low-hanging fruit

Feb 2 at 23:07 | Kyiv Post Editor's Note: The Kyiv Post and leading Kyiv-based investment bank Dragon Capital got together to pick the top 10 companies for investors to keep an eye on in 2012.

JKX Oil & Gas

JKX Oil & Gas explores for and extracts hydrocarbons in Ukraine, Russia, Romania and other countries, with Ukraine generating 90 percent of the company's revenues. Lost exemptions from oil and gas royalties last year and lower production hit the company's profits in the first half of 2011. This, however, should be offset by rising energy prices and reduced royalties for domestic oil and gas producers in 2012. JKX Oil & Gas is listed on the London Stock Exchange and saw an average daily turnover of $850,000 last year.

Read more:

[wsm812] 24/1/2012 15:31

regardless, jkx is the only blue in my profolio today!

[xorex] 24/1/2012 15:18

SCBSCB, I don't think that they have ever done anything on time recently. They also got the sums badly wrong. I don't think the market is giving JKX much credibility at present.

[scbscb] 24/1/2012 14:22

The last RNS (15 November) stated that "the Gas Processing Facility (GPF) at the Koshekhablskoye field in Russia is nearing completion. The project remains on-track for production start-up by year-end, with gas sales expected to commence in the first quarter 2012."
I can only assume that as there has not been any further announcement that Koshekhablskoye has not yet started up. So there is a further 24 days delay, and counting. Jeff

[mpclag] 19/1/2012 17:59

news soon!

[thegreatgeraldo] 19/1/2012 17:27

They said first gas by year end with sales in Q1 in the IMS, but they have failed to hit targets on the Russian gas project before!

[mpclag] 19/1/2012 15:43

my information is that they are close

[thegreatgeraldo] 19/1/2012 12:33

Interesting rally from the lows. Just bargain hunters or are they finally getting close to producing gas in Russia?

[mpclag] 18/1/2012 14:45

OK Im stopping after today but only have 50k shares. My target is for 100k and will continue to buy on dips

[scbscb] 17/1/2012 11:16

Will you STOP buying these then, I also wanted to pick some up cheap below 120. It is also a good sign that the BB is quiet. All the rabble are elsewhere.