Jkx Oil & Gas Share Discussion Threads

[shammytime] 13/8/2012 09:30

Nice buy there. Expect to announce ramp,up figures exceeding targets. Could see a swift return to 120

[shammytime] 13/8/2012 09:21

Expecting this to hit 100p pre trading statement

[jaka] 12/8/2012 11:40

Schlumberger Wins Multi Frac Job - Analyst Blog

Posted 8/10/2012 3:21 PM by Zacks Equity Research from Zacks.com in Investing, Business, Stocks
Referenced Stocks: HAL, SLB

The world's largest oilfield services provider, Schlumberger Limited ( SLB ), has been contracted by Poltava Petroleum Company - a wholly owned subsidiary of UK-listed JKX Oil & Gas - for multi-stage fracture stimulation intended for a well in Ukraine.

The R103 well situated in the Rudenkovskoye license, Poltava, was initially drilled in 2010. Located in the Devonian sandstone unit, the well was spud to a total depth of 4,589 meters and comprised a sub-horizontal portion of 1,000 meters.

A multi-stage fracture treatment was proposed by the team, which carried out thorough geological and engineering studies of the well.

In 2011, Schlumberger won a bid to design the R103 multi-stage frac. Later, the company's divisions inked several other contracts (including the newest one) for the procurement of chemicals, materials, equipment and services required to execute the nine-stage frac program.

The pre-frac arrangements on R103, involving the replacement of the liner, were well underway, while the injectivity test was scheduled for completion in the third quarter of 2012. A large part of the fracking has however been planned for the second quarter of 2013. This is due to the intricacies involved in sourcing complex logistics and employment of long-lead items into Ukraine. The unfavorable climatic condition of the winters in Ukraine could further delay the commencement of the frac program.

We believe Schlumberger's combination of technological leadership and management depth will prove beneficial for JKX Oil & Gas over the long term, boosting the company's reputation. This will eventually improve JKX Oil & Gas' long-term revenue and profit.

Schlumberger, which ranks ahead of Halliburton Company ( HAL ) as the biggest member of the oilfield services contingent, holds a Zacks #3 Rank, which is equivalent to a Hold rating for a period of one to three months. Longer term, we maintain a Neutral recommendation on the stock.

Read more:

[2bung] 10/8/2012 16:41

96p close. Should get a nice rise week, hopefully.

Enjoy weekend all.

[jaka] 10/8/2012 15:39

Half time results due Tuesday, next week.

[brucie5] 10/8/2012 12:45

Agreed. Good luck.

[2bung] 10/8/2012 12:40

I tend to agree re broker notes. But when they are all well above the current price it can't be a bad sign.
This share when it moves, moves very quickly and it can be hard to get a good amount of it.

[brucie5] 10/8/2012 12:30

Broker notes are good for little imo - instructive how they reduce along with the share price , when they should be objective projections of value! But hereabouts probably a good entry price. Riskier perhaps to buy on a perceived reversal, unless it looks very solid, and preferably over its 200sma. It's been a big downtrend.

[2bung] 10/8/2012 12:22

These are the latest broker notes I can find:

JKX Oil & Gas Broker Views
Date Broker Recommendation Price Old target price New target price Notes
10 Aug UBS Neutral 94.63 115.00 115.00 Reiterates
07 Aug Oriel Securities Buy 94.63 - - Retains
07 Aug N+1 Brewin Buy 94.63 192.00 192.00 Retains
17 Jul JKX Oil & Gas PLC Barclays Capital Equal weight 94.63 175.00 175.00 Reiterates
09 May JKX Oil & Gas PLC Goldman Sachs Buy 94.63 332.00 269.00 Retains

[brucie5] 10/8/2012 12:11

Yup, just wondering whether any of this weakness down to objective reasons, such as royalty/tax rates in the Ukraine. Gas price was up significantly last I saw,but what the UKG gives, the UKG takes..

[2bung] 10/8/2012 11:53

I never buy on a chart alone. Use it as a guide only.

2012 has been a great year for JKX but this hasn't been reflected in the share price. I've traded these many times and think it's great price currently. I've added £20K's worth over the last few days and will buy another £30K.

[brucie5] 10/8/2012 11:46

2bung, are you in with a fundamental analysis or chart based view?

[2bung] 09/8/2012 17:01

I've started to accumulate a big position here.

Short chart:

[brucie5] 09/8/2012 15:05

Well, it's at historic lows despite the various recoveries of EXI, RPO & HOIL, which makes me think this might be due a bounce. All the co specific news seems to have been good, though Ukraine brings its own weight to the share price Don't currently have a position because involved in the above, inter alia.

[nick rubens] 08/8/2012 15:31

I've been buying today. Should be reassuring progress on the 14th August.

[brucie5] 07/8/2012 12:45

No discussion of the RNS?

[flashheart] 03/8/2012 08:56

Ok thanks mp.

[mutantpoodle] 03/8/2012 08:41

not any longer

[flashheart] 03/8/2012 08:35

Does JKX pay a dividend at all? Seen some reference in the past. Thanks in advance.

[triples] 20/7/2012 21:44

Looks like this is on the southbound carriageway. Outgoing chairman hadn't been there long - only 18 months. I wonder what happened.

[mpclag] 17/7/2012 07:52

i think the board only account to the mob!

[inki] 16/7/2012 08:25

Sure the Chairman resigns, having nothing to boost the company, he probably wants to achieve the same elsewhere.
It is time the board accounted for the actions of the company, having seen a share price (reflecting the lack of confidence) fall to 1/3rd or a year ago.