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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
  0.25 0.65% 38.50 281,253 16:35:27
Bid Price Offer Price High Price Low Price Open Price
37.50 39.00 38.50 38.25 38.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 50.92 18.18 8.46 4.4 66
Last Trade Time Trade Type Trade Size Trade Price Currency
16:43:41 O 100,000 38.00 GBX

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Date Time Title Posts
30/11/202114:58JKX. Focused on Gas in and around the former Soviet Union3,340
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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DateSubject
04/12/2021
08:20
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 38.25p.
Jkx Oil & Gas Plc has a 4 week average price of 36.50p and a 12 week average price of 32p.
The 1 year high share price is 55.50p while the 1 year low share price is currently 18.25p.
There are currently 171,723,145 shares in issue and the average daily traded volume is 187,333 shares. The market capitalisation of Jkx Oil & Gas Plc is £66,113,410.83.
08/11/2021
11:19
davemarn: 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
07/11/2021
09:19
davemarn: 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 Https://twitter.com/zopelyforver/status/1456391145995579398 WTFDIK GLA
05/11/2021
16:11
researchcentre123: I guess they wanted to delist before the share price went up even further, as then they'd have to come up with a higher share price. The issue here is the big holders wanted it to delist so they could force the smaller shareholders to take less. If that wasn't the plan, they'd have sold a few shares between them and the price would have gone up as there would be no threat of delisting - it probably would have doubled given comparables, so they really can't pretend this is anything other than a scam to defraud the minority.
04/11/2021
09:12
researchcentre123: I found this article translated by Google (just look on Google news). It seems to have bigger shareholdings for some of the companies, which would mean between them presumably it's all wrapped up and the free-float would be covered :JKX Oil & Gas plc sent a proposal to shareholders to delist from the main market of the London Stock Exchange and approve an agreement to repurchase 23.3% of the shares at a price of 42 pence per share.This is stated in a statement on the London Stock Exchange."The directors unanimously believe that the exclusion from the listing is in the interests of the company and its shareholders," JKX explained.The company plans to repurchase 40.096 million shares (23.3%). They will stop trading on the stock exchange on January 5 next year. The company is expected to be re-registered as private on January 24.Following the announcement of the delisting plan, JKX shares fell 12.4% to 37 pence.JKX Oil & Gas is engaged in exploration and production of hydrocarbons in Ukraine and Russia. Poltava Gas and Oil Company, owned by the company, is one of the largest private oil and gas companies in Ukraine. It has five mining licenses and one geological exploration license. The company's shares have been traded on the London Stock Exchange since March 20, 2006.The largest shareholder of JKX is Eclairs Group Igor Kolomoisky and Gennady Bogolyubov - 27.54% of shares.19.97% is owned by Bridgewater Holdings Corp. Alexander Schnir. This share used to belong to Vitaliy Khomutynnik.Other major shareholders are Neptune Invest & Finance Corp. (12.98%), Keyhall Holding Ltd - 11.45% and Interneft Ltd - 6.17%.
03/11/2021
16:54
researchcentre123: Oil business of Kolomoisky and Bogolyubov JKX announced plans to delist and buy back shares[18:00 03 November 2021]JKX Oil & Gas plc, with assets in Ukraine and Russia, has sent an offer to shareholders to delist from the main market of the London Stock Exchange and approve an agreement to repurchase about 23.3% of the shares in the tender offer at a price of 42 pence per share at a current price of about 44 pence."The directors reviewed the various advantages and disadvantages for the company and its shareholders in retaining the listing ... The directors unanimously believe that delisting is in the best interest of the company and its shareholders," JKX said in a statement.According to him, we are talking about the repurchase of 40 million 96,476 thousand shares, or 23.3% of the shares, while in free circulation there is 21.9% with a minimum requirement of 25%."The directors reviewed the company's strategy to ensure that it is in the best position to raise funds and enter into strategic deals to grow the business, as well as continue to meet its financial obligations and generate returns for shareholders," the release notes.According to him, the meeting is scheduled for November 23, the announcement of the tender offer - December 16, the expected last day of trading - January 5, 2022 and the closing of the tender offer the next day with the announcement of its results on January 10.In addition, on January 24, it is planned to re-register the company as a private limited company.????
02/11/2021
14:50
itsriskythat: Substantial share price increase or a share buyback Thordon says on LSE that "The real share price value will settle once dividends are restarted." Dividends are possible but so is a share buyback. The enterprise value of JKX, which is market capitalisation plus provisions for rental fees minus cash, could turn negative before long. If that occurred JKX could buyback all its shares in issue and satisfy future rental fee claims and be cash positive and free of provisions as a private business. You don't have to believe that the current gas price in Ukraine of $935 / Mcm is sustainable for this to happen, only that the gas prices being paid by Moldova and Bulgaria on new contracts signed with Gazprom are setting a new baseline for the future gas prices this winter season. The Gazprom prices agreed are $535 / Mcm and $450 / Mcm. These compare to a gas price $431 / Mcm realised by JKX in Q3. In effect the recent Q3 price is going to be the baseline this winter. Calculation of JKX baseline cashflows in Q4 and Q1 says that sometime in the New Year the enterprise value of JKX will turn negative unless the share price appreciates substantially.
01/11/2021
17:45
jaka: 11/01/2021Finance Director of JKX and PPC Dmitry Poddubny took 11/01/2021Finance Director of JKX and PPC Dmitry Poddubny took part in the VII Ukrainian Gas Forum?October 27, Kiev - the VII Ukrainian Gas Forum - Eastern European Hub took place.Financial Director of JKX and JV PPC Dmitry Poddubny took part in the discussion of Panel II - Prospects for oil and gas production in Ukraine and the Black Sea region.The CFO named the key steps to increase gas production in Ukraine:Continued rental rate of 6/12% for all wells, incl. and sidetracks by 2030;Involvement of the private sector in large-scale projects through the conclusion of the PEC;"The positive dynamics of PPC production indicators since 2018 is a vivid example of the effectiveness of incentive taxation. We expect a government approach to support the private gas production sector: compliance with the guarantees provided and ensuring transparent rules of the game in the market , "Dmitry Poddubny stressed.The production of JV PPC for 9 months is 147.9 million m3 of natural gas and 37.4 thousand tons of oil and condensate. The company paid UAH 415.6 million in rent to the state budget of Ukraine.art in theFinance Director of JKX and PPC Dmitry Poddubny took part in the VII Ukrainian Gas Forum?October 27, Kiev - the VII Ukrainian Gas Forum - Eastern European Hub took place.Financial Director of JKX and JV PPC Dmitry Poddubny took part in the discussion of Panel II - Prospects for oil and gas production in Ukraine and the Black Sea region.The CFO named the key steps to increase gas production in Ukraine:Continued rental rate of 6/12% for all wells, incl. and sidetracks by 2030;Involvement of the private sector in large-scale projects through the conclusion of the PEC;"The positive dynamics of PPC production indicators since 2018 is a vivid example of the effectiveness of incentive taxation. We expect a government approach to support the private gas production sector: compliance with the guarantees provided and ensuring transparent rules of the game in the market , "Dmitry Poddubny stressed.The production of JV PPC for 9 months is 147.9 million m3 of natural gas and 37.4 thousand tons of oil and condensate. The company paid UAH 415.6 million in rent to the state budget of Ukraine
29/10/2021
08:51
powereddrones: OK it's a link but you could create your own chart if you know how to use bigcharts parameter settings in the advanced mode. In the last 6 months when gas started to move up, a comparison between the JKX, ENW and NGAS ETF shows they are all moving in the right direction. JKX is just not as orderly (more volatile to the upside and downside) and on a 1 year chart is in a pull back - a buying opportunity could be here. hxxps://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=uk%3aenw&uf=0&type=2&size=2&sid=1253180&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=7&rand=1596632503&compidx=aaaaa%3a0&comp=uk%3ajkx%2c+uk%3angas&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1 In summary, purely on price action, ENW is more of a steady ship, JKX has more surprises. It depends on your risk appetite.
29/10/2021
08:17
researchcentre123: Looking at the financials jkx looks much cheaper for the price. but Enwell seems to be fuelled by takeover rumours. There's also more more free float (regularly traded shares) which helps in that regard, whereas jkx doesn't have so much as it was effectively taken over a few years ago. On the positive side it does mean that now jkx has some decent management and they're doing an excellent job - new well coming online, selling off the less profitable Russian assets so they can concentrate on the Ukraine where profit margins are higher, no dilution of existing shareholders.... I've made good money on jkx and intend to stay for the long run (maybe they'll offer a dividend some time which would help the SP?) But a nice straight line up like Enwell does make you feel slightly jealous, but I think given fundamentals jkx is the better buy....just no rumors helping the SP
06/3/2021
11:57
jonshevlin: JKX Oil and Gas (LON:JKX) Market cap: £51.5m Net cash: £13.2m 2P reserves: 84.4 mmboe Annual production: 10,748boepd StockRank: 84 Classification: Speculative Small Cap Style Neutral Bull points: Cash generative; modest valuation; growing cash balance; Neglected Firms Screen; big domestic market with good growth potential Bear points: Tiny freefloat; volatile share price; poor liquidity Jkx Oil And Gas (LON:JKX) is a cash generative oil & gas producer with operations in Ukraine and Russia. According to management, the group is ‘well placed to take advantage of other opportunities’ in these jurisdictions. In terms of total 2P reserves and annual output, there is no question that JKX offers considerably more bang for the buck than Serica. Why the valuation discrepancy? Serica is already quite cheap, after all. The answer may be to do with jurisdictions: while Serica operates assets in the UKCS, JKX operates in the Ukraine and has the majority of its reserves in Russia. Breaking that down into a little more detail, JKX has 13 licenses in the Ukraine totalling 23.4mmboe and another large license in Russia (Koshekhablskoye), which contains some 61mmboe of 2P reserves. It’s probably one of the cheapest stocks you’re likely to find at the moment in terms of earnings multiples as well and, if you believe that in the short run the market is a voting machine and in the long run it is a weighing machine, then you might expect JKX’s future earnings to pull its share price up over time. So it looks like there is a lot of value on offer here and yet there are no broker forecasts, which suggests this cheap stock just might not be appreciated by the wider market. Appropriately, it qualifies for the value-related Neglected Firms Guru Screen. And the group looks strong from a financial health perspective too, with a growing net cash pile (currently at £13.2m) and a comfortable Z-Score. But there are risks: the free float is small, the market is often thin, and the share price is volatile. This combination of illiquidity and volatility should be considered before entering. Revenue has also been lumpy and choppy trading means the group has some negative compound annual growth rates. The group also faces ‘historical tax cases,’ which should be looked into further, and it also flags technical difficulties at some of its fields. JKX was loss-making up until 2018, although cash flow has been more resilient. 2019 was a standout year for the group, as it became debt free, generated more than $100m in revenue for the first time since 2014, and marked its second consecutive year of profit. Net profit came in at $22.2m, backed up by some $41.4m in operating cash flow. All this despite a ‘significantly lower gas price’ in the Ukraine. There could be material upside based on JKX’s current valuation given the present cash generation and scale of reserves, but clearly JKX is a potentially risky and volatile investment. Jurisdictions Earlier I noted that different jurisdictions might explain some of the valuation difference between SQZ and JKX. But are JKX’s reserves being discounted too harshly? Ukraine is JKX’s most important market, providing most of its cash flow. Gas consumption still exceeds Ukrainian domestic production, which leaves an incentive to ramp up production. Ukraine holds 1.1 trillion cubic metres (37 trillion cubic feet) of proven gas reserves - the second largest proven reserves in Europe. JKX’s expertise here leaves it well placed to take advantage of the emerging investment opportunities and it is considering the acquisition of new licences. The investment climate in Ukraine’s gas production sector is favourable and the government has announced an “Open Door Policy for Investors”. Access to geologic data has been improved, thanks to electronic auctioning of oil and gas field licences and PSA tenders. Meanwhile, the unbundling of the national oil & gas company Naftogaz is an important step towards further transparency and liberalization of the gas market. In Russia, JKX has long life reserves and an established processing facility. Whilst gas prices are regulated there, the company says they are stable and increase year on year. Conclusion I’ll circle back to Wentworth, Enwell, and DGOC later in the week but I’m curious to know: is anyone else looking at this part of the market, or is it just too risky? SQZ and JKX look to be quite different propositions, and both are attractive in their own rights. While Serica operates in a more familiar jurisdiction and may prove to be the safer bet, JKX might offer more upside potential for those that can handle the risks and share price volatility given its large domestic market and low valuation. That said, I wonder if Serica offers more value on a risk-adjusted basis with its scope for M&A and defined operational catalysts. This strategy could drive a material increase in free cash flow per share in the coming years - if (as ever) commodity prices are supportive
Jkx Oil & Gas share price data is direct from the London Stock Exchange
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