Share Name Share Symbol Market Type Share ISIN Share Description
Jkx Oil & Gas Plc LSE:JKX London Ordinary Share GB0004697420 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -0.74% 26.90 62,146 13:12:05
Bid Price Offer Price High Price Low Price Open Price
26.20 27.60 27.10 26.90 27.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 72.83 10.99 7.09 3.8 46
Last Trade Time Trade Type Trade Size Trade Price Currency
15:10:10 O 2,516 27.345 GBX

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Date Time Title Posts
18/11/201914:24JKX. Focused on Gas in and around the former Soviet Union2,152
06/2/201517:59JKX 20065,796
20/12/201210:05*** JKX ***9
08/10/200809:35JKX - over-valued132
13/10/200618:34JKX Oil & Gas - 20065

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Jkx Oil & Gas (JKX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-11-21 15:10:1127.352,516688.00O
2019-11-21 15:09:0227.4010,0002,740.00O
2019-11-21 14:54:4026.302,700710.10O
2019-11-21 13:09:2526.3646,93012,368.40O
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Jkx Oil & Gas (JKX) Top Chat Posts

Jkx Oil & Gas Daily Update: Jkx Oil & Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JKX. The last closing price for Jkx Oil & Gas was 27.10p.
Jkx Oil & Gas Plc has a 4 week average price of 26p and a 12 week average price of 26p.
The 1 year high share price is 66p while the 1 year low share price is currently 26p.
There are currently 171,723,145 shares in issue and the average daily traded volume is 144,632 shares. The market capitalisation of Jkx Oil & Gas Plc is £46,193,526.01.
lukmanpatel: Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol
calder27: @jaka - a straight delisting won't be an option I don't think. From the LSE board: "There are two options really: 1) JKX gets bought by UNB in a cash for shares offer. This would effectively lead to JKX no longer being listed, but not in the negative way being discussed - just a straightforward takeover. 2) JKX and UNB merge, with the current JKX listing becoming the new, much bigger company via a reverse takeover. What format this would take, how many shares the new company would have and therefore the impact on the current share price is difficult to assess at this stage. Neither are negative for current JKX holders."
s1zematters: Cash and productions ramping up, new finds and no reservoir pressure loss on the sidetrack as expected, at some stage the share price will catch up with the value here. Great news, should see new 5 year high breakout in the coming days. Happy to keep holding!
jaka: Liquidity of stock available causing eccentric share price movements and a big spread.
s1zematters: Well that unrelated RPT news took 12p off the share price but normality seems to have returned and half has been claimed back. Results due i believe in the next two weeks, using logic and reason and the facts already in the open, they should be positive aimho.
montyville2: hxxps://
nicky21: Guys you really need to check out COPL currently to buy 0.55p. A potential to be a multi baggar.It tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company. Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset. The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil. When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true. What is holding the share price back presently is NNPC approval. $60m was spent on this asset by the previous operator.the potential for Copl is huge. I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m) Copl management wants it to be a mid tier oil and gas company ie £250m-£500m All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE.
walbrock82: 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
stonefold: In the next month or two. As the AGM is due soon = 28th June, and the $180 M arbitration hearing is expected to occur in July, and there was mention of talks between JKX and Ukraine Gov to attempt to resolve matters I thought I would have a wild guess at possible outcomes. After adjusting for current cash, including possible early repayment Feb 2017 of the bonds, assuming that any increase in CapEx is met by the slight (but IMHO expected) increase in oil and gas prices over the next year. Then approx. £9.5M of the current market cap of £36.85 M is IMO due to the expectation that the Ukraine Gov will pay £9.5M to settle all the tax issues. That is to say that if all the court cases and arbitration case were to reach their conclusions, it would result in a net payment to JKX of approx £9.5M. But that this payment is already factored into the current share price of 21p. It would be quicker and avoid legal costs if an out of court settlement were reached and payment were made by a tax credit or tax bond. If the worst case occurs then JKX lose all court and arbitration cases and would be forced to sell up everything to try to cover the debts giving a share price of zero. In the best case, then replace the net payment to JKX of £9.5M with one of £126.7M to give (eventually) a Market cap of £154M, which results in the share price of 87p. Plus possibly some additional amount if damages or interest are awarded. The economic conditions in Ukraine are steady and improving for instance ForEx controls are being lifted, including soon the lifting of restictions to transfer funds from Ukrainian to UK banks.
stonefold: It is in my opinion a touch disingenuous of PCG to point to a five year shareprice decline with the implication that it is mainly due to the management of JKX. The shareprice was well into its fall when Proxima Capital Group Inc. were founded in 2013. And it was lower still when PCG first became shareholders in JKX on 05-03-2015. Looking at the 10 year chart it is clear in my opinion that the strong rise in the shareprice was due mainly to the stake building by Eclairs Group Limited and Glengary Overseas Limited. Combined with respectable exploration and production activity, plus firm long term price expectations for the oil and gas sector. Once Eclairs and Glengary = (Mr Igor Kolomoisky + Mr Gennady Bogolyubov + Mr Alexander Zhukov + Mr Oleksandr Ratskevych) stopped buying shares in JKX the long term down trend started. Perhaps the uncertainty as to whether Mr Kolomoisky intended to do the same to JKX as happened to Ukrnafta contributes. This down trend was later assisted by the bursting of the “China growth Dragon” – slump in price of oil/gas – Russian hostilities – Inexperienced Ukrainian coalition government teetering around the plughole of economic collapse – uncertainty as to whether sufficient cash can be generated to deal with a possible early repayment demand of JKX’s loan notes each February. I suspect PCG are hoping to profit from a refinancing plan to replace the loan notes when JKX are seen as weak and having little alternative. Any company could do things better with different decisions/management. For instance PCG should have bought shares in JKX when they were cheap. Instead they behaved in a clumsy and unprofessional way (imo) by releasing an RNS on 05-02-2015. It was not PCG’s responsibility to make comments about movements in JKX’s shareprice – that role belongs to the company concerned i.e. JKX. As a result PCG later bought at a price made higher by their own take/over rumour. If PCG were serious about taking over JKX then they would have talked to JKX - something they seemed to have failed to do. In PCG’s short history they have advised on four deals regarding (Russian I think) telecoms companies. There is as yet nothing that they can show to demonstrate that they could manage an oil and gas company better than the current JKX management. ---------------- 05-02-2015 RNS “……….Possible offer for JKX Oil & Gas plc Proxima Capital Group Inc ("PCG") notes the recent share price movement of JKX Oil & Gas plc and confirms that it is currently in the very early stages of considering a potential offer for JKX Oil & Gas plc. There can be no certainty that a firm offer will be made nor as to the terms on which any offer might be made. PCG intends to approach the Board of JKX Oil & Gas to discuss its proposals. ……” ---------------- 05-02-2015 RNS “….The Board of JKX has noted the recent announcement by PCG that it is in the very early stages of considering a potential offer for JKX. No approach has been made to the Board of JKX…….” --------- 19-02-2015 RNS Proxima Capital Group Inc Holding in JKX as of 18-02-2015 = Nil --------- 19-02-2015 RNS “…..Following further considerations, PCG hereby announces that it does not intend to make an offer for the Company……” ----------- 19-02-2015 RNS “…….The Board of JKX has noted that Proxima, which announced on 5 February 2015 that it was in the early stages of considering a potential offer for JKX, has now announced that it does not intend to proceed. The Board confirms that at no stage has any approach whatsoever been made to the Board of JKX by Proxima. ……….” ------------ 06-03-2015 RNS Proxima Capital Group Inc Holding in JKX as of 05-03-2015 = 21,531,889 ------------ 23-03-2015 RNS Proxima Capital Group Inc Holding in JKX as of 23-03-2015 = 22,587,125 ------------ 27-05-2015 RNS Proxima Capital Group Inc Holding in JKX as of 2705-2015 = 34,288,253 ------------ 11-01-2016 Looks like 58% maybe intending to vote for a change of management. Http:// “………Eclairs Group supports the initiative on change management JKX Eclairs Group Igor Kolomoisky and Gennady Bogolyubov, which is the largest shareholder of the oil and gas company JKX, supports the initiative of another shareholder - Russian Proxima Capital Group on change management JKX, said the agency "Interfax-Ukraine" director Michael Bakunenko Eclairs. "We support the shift of the Board JKX, but I can not yet say anything regarding the proposed Proxima candidates: we have just received today, more detailed resume before January 28 (date meeting of shareholders JKX - IF) of their study, and will be ready ... the idea of change management we support because in recent years the company has not changed ", - he said. M.Bakunenko added that Eclairs not surprise statement Proxima and its public debate with the current leadership of JKX. "If you look at the position of Eclairs, voiced several years ago, there are the same things that bother Proxima. It was only a matter of time when someone else from among the shareholders will raise the same questions," - said the director of Eclairs. According M.Bakunenko, management JKX operates, "to put it mildly, strange." In addition, Eclairs fear that the board JKX will try again to block their participation in the meeting, as it has happened before. As reported, JKX Oil & Gas Plc with assets in Ukraine will hold a shareholders meeting on January 28 at the suggestion of one of its shareholders - Russia's Proxima Capital Group (PCG, founded by former vice-president of Alfa Bank, Vladimir Tatarchuk). Proxima Capital Group proposes to appoint directors Paul Ostling (Paul Ostling, ex-manager of Ernst & Young and current board member of the "BRIC"), Tom Reed (Tom Reed) and Russell Hoare (Russell Hoare). According to Proxima current management JKX operates inefficiently. In turn, the board considers the actions JKX Proxima attempt to gain control over JKX without fair payment for it. The largest shareholders are Eclairs Group Igor Kolomoisky and Gennady Bogolyubov - 27.54% shares, Glengary Overseas Limited Alexander Zhukov - 11.45% of shares. In addition, the Russian Proxima Capital Group owns a 19.92% stake in JKX. …………”
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