JKX are a growth oil and gas company, principally based in the Ukraine, but also present in several other countries, and have recently presented some excellent results.




JKX corporate website : http://www.jkx.co.uk/index.cfm

Poltava Petroleum : http://www.ppc.net.ua/inf_en.html

Annual report 2005 : Click HERE

Rumours abound that following Tony Blairs recent meeting with JKX top brass along with the chairman of Naftogaz {NAK Naftogaz} ,and RD/ Shell were in advanced talks to aggresively engage themselves in exploration of over 30,000 sq.kms in the gas rich Dniepr Donets basin . Shells senior executive director for exloration and production , and active representative at the meeting ,Malcom Brindid, stated "potentially significant volumes of natural gas" were very strongly much in evidence based on data he had seen . Capital permitting , a j/v for JKX , with such illustrious names in the oil world as NAK and Shell would propel them into a new era eg -FTSE 350 constituients . After all . Lets face it .Does anyone seriously imagine Shell and NAK would interest themselves in acreage lest it was devoid of enormous potential which considering the price of gas amounts to very healthy returns , Or does anyone imagine that energy prices will fall ? . Thats a misnomer for a start. ..A mere few million quid return with a short well life would hardly make a difference to thier respective balance sheets . Both only cast a net over projects regarding returns of tens of millions with long well life .. . ...However this all pans out JKX are once again in a more than enviable position than ever before in thier short history . Or will Shell buy them ?? l hope not . . lt is no secret Shell want a heavy presence in this area but the roller coaster ride for JKX is only juste begining . Word among some quaters in the city is that JKX have already located a very optimistic lead but are keeping quite tacit until this business with Russia sorts itself out ; and in order to get the optimum price for the gas . Qui sait ? . . . .....Nice bit of Biz done with Ascent Resources with the latter farming into the non core Fiume Arrone project in ltaly with JKX having the leverage to negotiate from strength and ended up with quite a fiscally rewarding deal. Terms are very attractive . Also a second rig - a kremco 900- has been contracted from Jaslo of Poland to continue work at Poltava . Wells spudded in DEC / drilling news should be due very soon along with the annuals which i believe will surprise a great number of people. ......lf one of our newly spudded wells yields between 3000 and 5000 bpoe p/d we are truly in clover ..Of the oil juniors only Cairns has better fundementals . The likes of both BUR and DNZ and the vast army of oil juniors are nowhere near as attractive ! ......a'bientot ,,,Bonne chance ...@+ ..J

TFC,

Good to see at least you noticed the 10% rise for JKX today!

Imagine if one of the 'promoted' shares had leapt 10%, how many posts there would have been?

Well it was nice to break out of the recent trading range with such aggression! I have been working all day so had no idea of the rise until 20:00 tonight, so quite a nice finish to a busy day!

I spoke to JKX this afternoon, and asked about the price they receive for their gas, and if there is a fixed or capped price.

The reply was that JKX supply the Ukranian market (not the government) at the prevailing iprice, and 'IF' the price of Russian gas were to increase, so would JKX's price for their gas.

I feel the annual results will surprise too, and am intending to top up before they are announced.

JKX now have two rigs onsite, and as you rightly say, if one were to produce a decent well now, we would truly be "in clover", and i'd probably be in the pub!

http://today.reuters.co.uk/news/newsArticle.aspx?type=topNews&storyID=2006-01-04T075749Z_01_SCH148325_RTRUKOC_0_UK-RUSSIA-UKRAINE.xml

MOSCOW (Reuters) - Russia and Ukraine struck a five-year gas supply deal on Wednesday after a bruising pricing dispute in which Moscow curtailed deliveries, hitting supplies to European consumers.
Alexei Miller, chief executive of Russian gas monopoly Gazprom, told a news conference the deal was effective from January 1 and would be based on a price of $230 per 1,000 cubic metres.
"We have reached a final agreement. It is successful for Gazprom and we are satisfied," Miller told reporters after talks with Oleksiy Ivchenko, head of Ukrainian state energy company Naftogaz.
"This agreement will ensure stable supplies to Europe."
But Ivchenko said Ukraine would be buying gas at the Russian border at $95 per 1,000 cubic metres.
"We have reached an initially acceptable agreement which gives us the possibility to meet the gas needs of Ukraine and the transit of Russian gas to Europe," Ivchenko said at the news conference.
A Gazprom source said the $230 price would apply only to exports of Russian gas to Ukraine, up from $50 now. Under a complex deal, Ukraine would be able to buy gas from Turkmenistan and Kazakhstan, piped via Russia, at a cheaper price of $95 per 1,000 cubic metres.

Dr Square,

Thanks, and good news indeed!

JKX up 5% already today, bsed on the anticipated near doubling of earnings on local gas sales no doubt!

To TFC, ANDY and DR SQUARE
I liked all your post's Thanks i also like JKX

kkeith2000,

Thanks, I hope you're a holder.

As I understand the announcement, JKX's revenue from gas sales in Ukraine should increase form $50 to $95 per 1000 cubic metres, so virtually a doubling of revenue on their gas sales, which account for around 50% of total revenue I believe.

I will email JKX for clarification later.

andy
yes i do hold these i have held these for years and this is great news and again thankyou for messages on this board
keith

Kkeith2000,

Very pleased you are a holder, and like me, bought at much lower prices.

My initial purchase was at 37p, and I have added as the price has increased.

kkeith2006,

Well here is some comment and confirmation from the media!




04/01/2006 10:03 DJ MARKET TALK: JKX Oil & Gas Buoyed By Ukraine Agreement

1003 GMT [Dow Jones] JKX Oil & Gas (JKX.L) should benefit from Ukraine and Gazprom's (GSPBEX.RU) gas purchase agreement, says KBC Peel Hunt. "If this is confirmed and is fully reflected by JKX's pricing, it could have a dramatic impact on the company," it says. "It may be premature to upgrade short-term forecasts immediately, but assuming a gas sales price of $2.60 in '06 stepping up to $6.00 by 2010, the earnings would steadily rise from 29p in 2006 to 36p in 2010." Maintains buy recommendation. Shares trade +4% at 286p. (DWE)

thanks andy
all this news in a few days its great i can see alot of shares traded today

thanks keith

Andy/Anyone

Will this contract also rise? With the domestic market price. Or is this going to add to the top-line in 2007/08.


http://www.jkx.co.uk/uploads/news/Initiation%20of%20Gas%20Export%2023.12.03%20final.doc


JKX Oil & Gas plc (JKX) announces that its wholly owned subsidiary, Poltava Petroleum Company (PPC), has successfully achieved its first export of gas from Ukraine.

PPC has signed a three-year gas sales contract with Eural Trans Gas Kft for the supply of a minimum of 720 million cubic metres (25.6 billion cubic feet) over the contract period. Gas deliveries commenced to Velke Kapuszany, Slovakia on 1st November 2003 at the minimum rate of 20 million cubic metres per month (approximately 60 per cent of PPCs current gas production). Commercial terms are confidential; however, net realisations for exported gas are expected to be about 30 per cent above those achieved currently for domestic sales in 2003. Confirmation has now been received from the relevant authorities that export of the November nominated gas volume was successfully completed.

JKX announced on 25th June 2003 that it had entered into an Agreement in Principle with Benam Holdings Ltd. The gas export contract realises an intent of this agreement. A further announcement will be made in due course.

Dr. Paul Davies, JKX CEO, stated Initiation of gas export is an important milestone. The positive input of the Ukrainian state oil and gas company, Naftogas of Ukraine, in this achievement underlines the commitment of the Ukrainian government to attracting western investment in the accelerated development of its indigenous gas resources.


But great couple of days

regards

Dr Square,

Well to be honest, I would expect any exports to be at the international going rate, which is why I believe the results will surprise to the upside.

RNS - director sale - 50% of his holding.

I wonder if the market heard an RNS rumour?

It may retrace a bit now IMO.

X Oil & Gas PLC
04 January 2006


SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS


1) NAME OF COMPANY

JKX OIL & GAS PLC

2) NAME OF DIRECTOR

JOHN R. MAPPLEBECK

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest

DIRECTOR

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)

JOHN R. MAPPLEBECK

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

SALE OF SHARES

7) Number of shares/amount of
stock acquired

N/A

8) Percentage of issued Class

N/A

9) Number of shares/amount
of stock disposed

100,000

10) Percentage of issued Class

0.066%

11) Class of security

N/A

12) Price per share

N/A

13) Date of transaction

03/01/06

14) Date company informed

03/01/06

15) Total holding following this notification

100,000

16) Total percentage holding of issued class following this notification

0.066%

IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number.

N/A

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held
following this notification

N/A

23) Any additional information

N/A

24) Name of contact and telephone number for queries

KATHY SHEEHAN
0207 323 4464

25) Name and signature of authorised company official responsible for
making this notification B J BURROWS

Date of Notification 04/01/2006

This information is provided by RNS
The company news service from the London Stock Exchange

Amities../ Up 5% . ( 16p ) .. Heady stuff ................. Director selling amounted to 100,000 @ 245p ..{ worst selling price of the day - 3 /1 /06 }So missed out on the past two days 45p price hike . .Considering the FD sold 80,000 or so @ a median price of about 208p in 4 tranches not so long ago, and another director dumped a heap @ 150p, l i can only assume they are quite dim at timing their trading , and in the latter case , had little idea of the impaction of the Russian/ Ukranian gas hike ( both very unlikely sceanarios ) and morelike a case of both having hundreds of thousands of handsome options @ 30p or something reaching maturity . . So raising cash to buy . Funny business as company s/ps are adversely affected by collective board selling . Even funnier still was seen in the fact that todays selling actually stimulated s/p very positively and buys merely consolidated the price. MMs seem a little unsure of pricing JKX at the moment .....Geopolitics has caught them on the back foot. ....,,,Bonne chance . a'bientot /demain @+ J

TFC,

Yes I noticed some of their director sales come just before price rises, quite odd really!

Up slightly today, I have a feeling 300p will prove to be a resistance point, without further positive news of course.

Amities Andy . Without exact clarification reg. Ukranian / Russian trading arrangements in the public domain yet, do you get the feeling that mms are running a little uneasy / unsure /scared of JKX at the moment.? And furthermore that there is an impending RNS ? Out of hours trading had the " offer " price @ 301p last night thearby locking out buyers. ...... .. Upon scrutiny i notice neither the Chairman nor the CEO ever seem to sell. lf The Ukraine pays Russia a 400% premium to current gas prices then what price JKX produced oil . ? ... lts an almost impossible task but i feel Peel Hunt have been a tad conservative in thier "sums " in my opinion. Especially when i look at s/ps of other mining juniors like PMO , BUR , DNZ,MLR ,EDG,VPC and whose fundementals are not as attractive as those of JKX @+ J > Looking forward to results in march

MMs still collecting ! A plethora of sells and the s/p flies ! Then a 100k BUY trade comes through and mms drop the bid price by 2p ! ....Sometimes it seems all to easy- but of course, we all know that is pure nonsense !!, ,,,ln this game only pure hard graft gets you anywhere ,and even then, your gaurrantered absolutely nothing except sleepless nights ;-)) .......So i have learnt to to reslish moments such as these. /...Bonne chance tous de vous @+ J ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,...Your correct Andy; For a share which has risen from 56p at finals 21 months ago to 290 and has heaps of potential JKX is scantily covered on this BB ...

Hello again Andy....J....Dr square
Not much to add to your post's. It is a liitle puzzing for me some rather large buy's and very little movement in s/p anyway once again thankyou for your post's (i alway's look for them becase it's the only info i get) Am back to work tommorrow after the holiday's so see you and you correct J about it's cover on these board's
keith

Ukraine's former PM Tymoshenko denounces gas deal with Russia
AFX


KIEV (AFX) - A deal ending Ukraine's 'gas war' with Russia was denounced by influential ex-prime minister and 'orange revolution' leader Yulia Tymoshenko as well as supporters of the previous pro-Moscow leadership intent on pressing their case ahead of parliamentary polls.

'It is necessary to immediately annul all the accords that have been signed' under Wednesday's agreement, Tymoshenko was quoted by the Interfax-Ukraine news agency as saying.

The complex agreement stipulates that Kiev this year will pay 95 usd per 1,000 cubic metres, nearly double the price it paid last year.

The accord came after Russian group Gazprom cut supplies to Ukraine on Sunday, leading to a drop in supplies to some European countries and raising fears about European dependence on Russia.

Although it is a substantial hike, the 95-dollar price-tag is less than the 230 usd per 1,000 cubic metres that Gazprom has insisted on receiving because large quantities of much cheaper gas from ex-Soviet Central Asia will be supplied alongside the Russian gas.

Tymoshenko, who resigned as President Viktor Yushchenko's prime minister last year amid a bitter privatisation row, called for top energy officials to be investigated for betraying the national interest and abuse of power.

She took aim at a joint venture, RosUkrEnergo, that will handle all the gas imports to Ukraine under the new deal.

'For many years to come there will be an agreement with a big, completely corrupted structure, RosUkrEnergo, that will in fact become, after all these scandals, the only structure for delivering gas to Ukraine,' she said.

Tymoshenko's comments follow a denunciation from another wing of Ukrainian politics, the Ne Tak! coalition that draws its support from the pro-Moscow forces that controlled Ukraine before the 2004 popular uprising known as the 'orange revolution'.

The discontent looks likely to heighten tensions ahead of a March 26 parliamentary election at which the pro-Western course set by Yushchenko could be at stake.

Aldwickk,

Well an excellent week finished with a minor consolidation, and I would certainly have taken this closing Price on Monday morning!

Results are coming in March, and I anticipate there will be some upward movement before then, and then of course we have the possibility of a drill success before then!

2006 is looking good for JKX at the moment.