Jkx Oil & Gas Share Discussion Threads

[nicky21] 12/7/2013 13:48

Salpara111

have been reading your posts here.you desperately want to take a stake here but you seem nervous.
in my opinion the worst is over.they have spent hundreds and hundreds of millions on capex and are now most likey likey to reap the rewards ie rising production.


years ago when i used to follow these they were targetting around 20,000 boepd but they never got near there in fact went the opposite way.
also noticed that Paul Davis is not giving any year end targets or future targets (which is good).
this was a company which also was buying its shares over £2 years ago.
i cannot see the dissident investor selling as he bought his shares well over £2.50p..he will just have to stay on aboard and hope Paul Davis can get the shareprice back to over £2.50p so then he will most likely to sell our dissident holder.

another scenario
will the dissident holder lauch a bid..he has got the monies to do it..he could go for a cheap take out between 80p or £1 but i think it does not work that way..i think he has got to pay the average price of the shares he bought at which was over £2.50p..corect me if am wrong.


ps.imo a RE RATING is due here..

[salpara111] 12/7/2013 12:56

Considering taking my first ever stake here.
Having said that, the foreign meddlers have really damaged the business either deliberately or unintentionally, remember they could not get bank financing last year because of these large holders and ended up having to use a bond at a rather extortionate 8% interest rate.
Ideally they would take the company private at 100p but they clearly are more interested in trying to take control without having to pay any sort of premium which is really damaging to the business going forward.
Ultimately operational successes will determine where it is going to go and they do seem to have turned a corner but I don't think the upcoming results are going to ignite anything as they will be backward looking.
Having said all of that, the bigger problem is that the massive tax increases in Ukraine in the last few years have driven the business to the point of being virtually unprofitable.

[nicky21] 12/7/2013 11:51

have just been researching..the half year report always used to come out in late august.this is pretty early..looks like the board want to show how much progress they are making.it has been a diastrous few years for jkx but it does seem now the tide could be beginning to turn...
i expect paul davis to turn this around.hes basically told the dissident shareholders either you make an offer or shut up.
when jkx moves upwards it does move fast.
it is a very high risk stock..but if you like risk the rewards here could be huge.

[nicky21] 12/7/2013 09:04

well that would be good if another bidder comes on to the scene...

results in 2 weeks hopefully another good update followed by drilling news in mid august.

expect a re rating here together with takeover rumours and rising production.

[wantmorethan24p] 12/7/2013 08:55

has anyone else heard the rumour that roman abramovich may be interested in jkx oil and gas.

[nicky21] 11/7/2013 11:28

all quiet here at the moment..are we waiting for the ukraines to come back with an offer..ie nearer to a £1.

interesting worth a read..

hxxp://www.ogfj.com/articles/2013/07/ukraine-nine-stage-frac-job-sets-european-record.html

[salpara111] 08/7/2013 12:20

Even a relatively upbeat production update cannot get this moving again.
I was considering taking a stake but this now appears to be uninvestable, the best outcome for current holders would be for the large minority holders to table a decent offer to take it private.

[jaka] 02/7/2013 19:09

'Activist investors' more like asset strippers. Well I do hope there pleased with there Activist Actions. Even on a good day for news, with this lot making mischief, no one will this stock with a barge pole.Like I've said before the whole region is NOW a terrible place to do business and I do hope they all enjoy the disinvestment in the region that is surely to follow.

[llamarama] 27/6/2013 10:20

So much for efficient markets theory.

There are documented plans by UA government to seize 50% of private companies production for 3 months, without any guarantee that it will not be "lost" by the government storage companies (has happened) or that the confiscation process will stop in October.

Yet share price is completely stable.

[llamarama] 27/6/2013 07:44

Forbes:

Ukraine government will "borrow" 50% of gas producers' gas production for July-October for winter buffer.
No news on if and when it will give it back.

hxxp://forbes.ua/business/1354295-gosudarstvo-zalezet-v-karman-k-gazovikam
hxxp://forbes.ua/business/1354494-skolko-kabmin-zarabotaet-na-hranenii-gaza

[wallywoo] 24/6/2013 13:55

In addition take note of the volume today. Up 10% on the highest volume recorded in years, on a day when the general market is down 1.5%. Could get interesting here soon IMO

[salpara111] 24/6/2013 09:07

I guess that not unreasonably a lot of people are really scared by companies that have a couple of very large foreign shareholders, just look what is happening to ENRC right now, minority shareholders are being totally screwed and they have no option but to lie back an take it.
JKX relies on all its non Ukranian holders to vote together in order to keep the business relatively democratic.

[nicky21] 24/6/2013 08:16

if they ever decide to make an offer probably will be a low bid.these were trading over £4 not so many years ago.the amount of money spent on capex runs into several hundred odd million pounds.

as always happens into these cases when a foreign company has spent the capital expenditureon the project and is going to be getting decent returns the locals what it back on the cheap.

ps.good post from another bb


Sat 22:50


The best time to buy a share...


Rogen83

1





...is when no one is focused on it. +9% on Friday and not one BB comment. That in itself is extremely bullish for JKX.

Buy when others are fearful or disinterested.

Back to 100p by year end

[jaka] 23/6/2013 04:05

Hope he can Nicky. The trouble is JKX don't make it easy on themselves by predicting production estimates well in excess of the actual. Credibility goes right down the pan and before you know it the stocks's bombed out. Davis has told them to put up, make an offer for the co, or shut up. Destroying shareholder value by creating uncertainty isn't the way. Some good may come out of it though. We may get a bid from an oiler interested in expanding its footprint in the East. Wouldn't fly over the place myself now though. A terrible place to do business.Good luck!

[nicky21] 21/6/2013 21:31

am sure MR DAVIS can sort them out again..he has done it before so why not now.

[jaka] 21/6/2013 17:22

This is a lesson in investing in the Ukraine. Always remember that the Mob are never far behind

[nicky21] 21/6/2013 15:34

COULD DO WITH A SHORT SQUEEZE HERE...

another ukranian BILLIONAIRE coming in and buying.

[wallywoo] 21/6/2013 12:00

I also think the share price is being manipulated here. But that can only go on for so long. JKX are no regal with years of promising much and producing nothing. They are now having a major development phase - I would not be surprised if production was up past 20,000 bopd in 6 months - it would be hard to keep the share price depressed then.

[nicky21] 20/6/2013 08:12

this looks like regal mark 2 again...concerted short attact going on i think to get the share price low as possible and frustrate existing shareholders to sell..seen it so many times before.

they want the assets on the cheap..

hope paul davis digs in deep.

ps>they have 27% so they can play around with that to short.
the trick is keep shorting drives the price down then also make a low ball offer

[nicky21] 19/6/2013 13:48

whats going on here ...flashed on my monitor ..

hitting a very new low...

how low can it fall to before a BIDDER steps in..

looks like this is RIPE for a takeover...

i reckon its being shorted for a low ball offer below £1.
this was once over £4.50p

whats hurt them is the high taxation and low production.

[salpara111] 19/6/2013 13:46

I accept what you are saying, however as someone who has not been burnt I do believe that there should be opportunity to make a decent bit of money however there is not going to be any "new news" for a while so the only thing that could make it change direction would be a buyout offer but I wonder if an offer of say 75p (50% premium to the current price)would be enough to dislodge the other big institutional holders.

[declan2] 19/6/2013 12:53

wouldn't touch it a penny, got badly burnt with it a while back

[salpara111] 19/6/2013 09:35

At the rate it is falling the big shareholders will be able to buy it out for next to nothing!