Jkx Oil & Gas Share Discussion Threads

[themadstork] 10/11/2021 17:22

I can't see the delisting + tender offer not being voted through since presumably it wouldn't have been proposed had they not already consulted the major holders. And if for some reason the delisting *doesn't* happen then I think it trades well above 42p anyway.

[researchcentre123] 10/11/2021 16:50

Probably a good arb. I'd say the only thing to worry about is Kolomoisky who is pulling the strings. Google him and you'll see what I mean. Having said that, ultimately it's a good deal for him so hopefully it'll go thru ok

[jaka] 10/11/2021 16:42

Not on AIM

[hoper2] 10/11/2021 14:18

The sad thing is it's not on AIM - It's on the main market.

[dilip40] 10/11/2021 14:15

i refer to mypost re is there a political threat being in ukraine but the threat has come from the board good luck all sold out. compny delists pis will get hit badly. it was doing so well gas gone up cash in bank wow no rules on aim casino

[researchcentre123] 08/11/2021 19:01

Possibly. If they do maybe there will enough free float.

[officerdigby] 08/11/2021 14:14

It is possible big holders >500,000 will become distressed seller in the coming weeks.

[weemonkey] 08/11/2021 12:57

price is collapsing

[researchcentre123] 08/11/2021 11:46

So you get 14% more if you wait until January - makes sense holding out imho. And if you don't, that means that they're not delisting so price should improve - the only issue being that now the oligarchs have shown their intentions and they're not worried about us.

[researchcentre123] 08/11/2021 11:30

H&S? Health and safety or something else?

[davemarn] 08/11/2021 11:19

JKX has experienced the H&S effect hasnt it?

Nevermind

Angus Energy 0.90p
Positives
• Equipment should be arriving on site Nov 21 – Feb 22 proving this isn’t hot air!
• Permitting and Approvals expected early December 2021
• First time in 2 years a Project is about to become a reality early 2022
• Huge rise in Gas Prices (300-400%): 51% stake in onshore Saltfleeby Gas Asset
• 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap)
• £12m fully funded for Saltfleeby
• Sidetrack to Gas Project Planning Permission in place to try and double output
• £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment!
• 2x Director Buys of 1m each mid 2021
• £8m potential funding with Aleph and Associates for a valid Geothermal play
• 165m Warrants of £2.1m at 1.36p average potentially available
• 26m Employee Options at 1.5p but fully vesting at 2p too
Negatives
• A group of Locals persistently fester on UK Share Forums to stop any buying momentum, the success in market cap makes it harder to stop any of their projects dead in its tracks!
• A substantial undercurrent set of Short Sellers who seem to be betting against delivery and pre-gas price rally; now hurting and desperate to close out their positions – towards First Gas Q1-Q2 2022. Their short positions could create a dramatic squeeze to 2p alone IMO.
• Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders
• Geothermal Progress Seems Slow
• Delays seem to bother some impatient traders but Aleph have stumped £12m loan!
Share Price Predictions?
• Harmonics showing 2-3.5p target?
• Management believes 3.5p per share is Fair Value vs. 0.90p share price
GLA WTFDIK DYOR

[researchcentre123] 08/11/2021 11:19

Fairly remote I think. For a start I would imagine most small investors own their shares through an app like Hargreaves Lansdowne. As they are not direct shareholders, it makes it very hard to vote. I'd be interested if anyone knows how I would go about that as as far as JKX are concerned, HL are the owners

[officerdigby] 08/11/2021 09:15

Winning the vote to not buy back and delist would be a dream! Probably unrealistic.However, I potentially would discount the veiled threat in the circular of being chucked off AIM anyhow...JKX been in this situation for 1 year. ENW for 4 years now and no problems announced. Indeed ENW could have bought out the minority at any point.. in contrast it has previously stated delisting was not the intention. The extra stake was bought to buy out a failed bidder 30%, with intention to broaden SH base later (didn't happen mind you). And there is quite a lot in AR on protecting SHs rights there.The vote here going that way would have been a vote against delisting..and would mean the company wouldn't have to necessary % to voluntarily delist...But what are the chances!?

[researchcentre123] 08/11/2021 08:46

That's true and it wld depress the share price but that's not a definite. The fca might look at it differently if they felt this was some oligarchs trying to screw small shareholders- and anyway I see there's talk of the minimum float being reduced to 10%

[researchcentre123] 08/11/2021 08:43

Yes but I'm sure if you ask this lot they'll say they've never heard of the others and they all just thought holding shares in a delisted company was better than it being listed.....if you look at the history of oligarchs they often got rich by manoeuvring situations where people felt they had to sell to them.....if the fca can't do anything abt this then they really are useless

[tricky red] 08/11/2021 07:53

New poster here but held these for over a year. Sold now as owners seem to have zero shame. Undervaluing the stock and stitching up holders. Will be interesting to see how voting goes. However, there is a section stating that even if the delisting does not occur then the plan to delist could happen due to non FCA Compliance. That would seriously worry me.

[russman] 08/11/2021 07:53

The Code presumes that certain categories of person will be acting in concert unless the contrary is shown. Under the Disclosure Guidance and Transparency Rules (DTR) a person will also be an indirect holder of shares held by a third party where they agree that they should adopt, by concerted exercise of the voting rights they hold, a lasting common policy towards the management of the company in question.

[russman] 08/11/2021 07:37

On the Eclairs side, they were addressed to Eclairs and Mr Bogolyubov, and on the Glengary side to Glengarry, Mr Zhukov and Mr Ratskevych. On 13 May 2013, further disclosure notices were issued to the same addressees as the March notices plus, on the Eclairs side, Mr Kolomoisky. The notices requested information about the number of shares held, their beneficial ownership and any agreements or arrangements between the
various persons interested in them. The responses, which were received promptly,
admitted the existence of interests in JKX shares, but denied that the addressees were
party to any agreement or arrangement among themselves.

[hoper2] 07/11/2021 19:37

Just read the circular. They make it sound like they are doing this just to be kind to shareholders. Well if we are being robbed by con men and crooks I suppose it's nice if they are doing it for our benefit!

[1knocker] 07/11/2021 17:12

Could be worth buying the shares if you are confident 42p is an undervalue (1) you make the differee between purchase price and 42p or (2)the delisting does not proceed and you hold jkx shares acquired cheaply. Or have I missed something? The current price seems low with a 42p buyout on the table. I hope it does not mean that worse could be in store for us!

[jaka] 07/11/2021 14:48

An odd post earlier this morning now deleted. He/she had worked out the yearly average to show the 42p offered was generous. The odd thing, apart from the ridiculous valuation, the post was accountable to no one, no posters account name just blank. Did anyone else spot it?

[officerdigby] 07/11/2021 09:30

R123 - yes holding to delisting is guaranteed 42p.

(i) Vote against (hope)
(ii) And if delist proceeds, accept offer is the only realistic option.

Holding after.. A lot of JKX cash used to buy shares.
Easily large holders come in and dilutively refinance in private company style... 80-90-100% dilution possible.

This was the first time JKX had the chance/money to do this... And show true colours..

Not so elsewhere. However we'll see!

[davemarn] 07/11/2021 09:19

JKX Still up Quite Well Despite
But
* First time in 2 years a Project is about to become a reality early 2022
* A 400% rise in gas prices – they have 51% stake in onshore Saltfleeby Gas Asset
* 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap)
* £12m fully funded Gas Project
* Sidetrack to Gas Project Planning Permission in place to try and double output
* £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment!
* 2x Director Buys of 1m each mid 2021
* £8m potential funding with Aleph and Associates for a valid Geothermal play
* 165m Warrants of £2.1m at 1.36p average potentially available
* 26m Employee Options at 1.5p but fully vesting at 2p too
* Management believes 3.5p per share is Fair Value vs. 0.90p share price
* Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders
* Geothermal Progress Seems Slow
* Harmonics showing 2-3.5p target for me


WTFDIK GLA

[researchcentre123] 07/11/2021 08:55

Thank you for that. It would seem that they could likely hold on and the minimum shares listing requirement could be reduced to 10%. So given that and the unwillingness of Kolomoisky's lot to sell, it would seem that the Kolomoisky group are very happy for the delisting as they rather than we will get the profits from selling off the assets and it can only happen as they've between them got more than 75%. I suppose this is how all the oligarchs got rich, although I'm surprised that the regulators can't see what is going on.