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

Hello everyone
A good day up 8% with results out soon it looks like much more to come am not sure if some drilling news due
Keith

kkeith2000,

My best ever day on the market today, and then some!

JKX were, of course, partly responsible for that, and there could be a few reasons for the sudden rise, or perhaps a combination of all of them?


What are expected (IMO) to be superb results are due in March.

High price of oil and doubling of Ukraine domestic gas prices.

Imminent FTSE 250 entry, possibly institutions are already buying in anticipation?

Takeover rumours within the sector, not necessarily JKX related.


Let's hope the run continues tomorrow, a very strong finish today bodes well perhaps?

A brief synopsis of an article by fat prophets.


JKX was tipped again today by Fat Prophets:-

"JKX Oil & Gas has been a standout performer over the last few years. The group has experienced significant success in the Ukraine, where up until a year ago operations were predominately based. However we are encouraged by the company now diversifying into other regions. More recently interests in Turkey have been added. With oil recently heading back above US$65 a barrel we remain steadfast in the belief that higher energy prices will offer the industry support throughout 2006. In such an environment, JKX's active exploration and development program will be well rewarded in our opinion.

In October JKX announced that it had farmed into two onshore exploration licenses with Aladdin Middle East. The licenses cover 897 square kilometres in the Thrace region of western Turkey. JKX will earn a 25 percent interest, with the first well potentially being drilled in 2007. We are heartened that management remains committed to diversifying reserves and future production. This strategy will de-risk and enhance future earnings in our opinion. In the meantime robust production at Poltova in the Ukraine should continue to underpin earnings in the year ahead. Meanwhile JKX's exploration programme in Italy and Bulgaria is also advancing.

We continue to believe that oil prices will remain stubbornly high for years to come. The tightness of global supply is reinforced by the reaction of oil prices to security concerns in Iran and Nigeria last week. JKX will also benefit from rising gas prices in Ukraine as well. On January 1 Russia suspended gas supplies to the Ukraine, demanding that 'European' prices be paid. To resolve the dispute prices were renegotiated, which has resulted in a general uplift in the cost of gas across the Ukraine. With energy prices rising while production and reserves are increasing, the outlook for earnings growth at JKX is robust. Yet the company's valuation remains far from excessive at around 11 times 2006 earnings.

Hi Andy
More exploration licensing news...great


JKX Oil & Gas PLC
27 January 2006



FOR IMMEDIATE RELEASE 27 JANUARY 2006

JKX OIL & GAS plc

ANNOUNCES

ACQUISITION OF NEW EXPLORATION LICENSE, ONSHORE UKRAINE

JKX Oil & Gas plc ('JKX') announces that it has been awarded the Chervonoyarske
East exploration license, onshore Ukraine, by the State Committee of Ecology and
Mineral Resources of Ukraine. The license covers an area of 5.5 sq km and is
located approximately 75 km from the Company's existing production facilities.
The license is valid for a period of five years for exploration and test
production, following which the Company has the priority right to apply for a
twenty-year production license.

The Chervonoyarske East license was acquired following an open auction held on
the 26 December 2005 by the Ministry of Environmental Protection of Ukraine. The
auction was the first of its kind in Ukraine.

The Chervonoyarske East license is in the Kharkiv Region and is located on the
northern margin of the Dnieper Donets basin, adjacent to the Chervonoyarske
Field which produces gas condensate from the late Carboniferous sands. The data
package purchased with the license includes 110 km of 2-D seismic data and data
on the six wells drilled on the license to date; two of the wells produced
hydrocarbons under test. The Company intends initially to reprocess the existing
seismic data and shoot additional 2-D seismic to complete the data set. This
will form the basis of the forward work programme.

JKX Oil & Gas plc is an oil and gas exploration and production company listed on
the London Stock Exchange. The company has license interests in Ukraine,
Georgia, Italy, Bulgaria, Turkey, Russia and the United States.

Amities / { aside } ... JKX release an update on opps and adds 0.2% with a plethora of sells yet CDL who also have acreage in this VERY same part of the Donets basin of the Ukraine witness not only a tenfold increase in volume of trades; but also a hike of 10% in s/p . Thre were two trades on the day i bought CDL last week . Today there are 4 pages of transactions - and many for millions ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, . Can anyone tell me if CDL has been reckied in that IC rag or the like ?...Hope not .Lemmings .. Little wonder the CEO was buying last week . Methinks l have found another candidate for a ten bagger in CDL... ,,,,,,,According to my calcs CDL is worth between 42p and 45p now ! .......@+ J....As for JKX- l never doubted it even when i bought for buttons. when every asset was factored into s/p ... Never doubted it during the "Orange revolution " . lt was NEVER a share you had to keep a constant minute by minute eye on it lest it bombed . Never . Now he good times are nigh The sky is the limit .... Be a 20 bagger before i make a move for the exits !!! Bonne chance ,,et n'oubliez pas;,Mefiez-vous des apparences...... a'bientot ...@+J

TFC,

Interesting PDF on ther Ukranian oil and gas market.

http://www.fox-davies.com/FDC_Ukraine_Report.pdf

TFC,

Why not start a CDL thread?, there isn't one on MAM!

I for one would be interested in finding out more, JKX has done very well for me, and I feel happy about owning stocks in companies located in the Ukraine.

Andy

Thanks for the PDF will read with interest.

Regards

Amities / Salut Andy ! ..Thank you for the comprehensive and thorough article reg Ukraine . l personally have a number of Ukranian stocks- mostly energy related; but one outside that sector i would strongly advise you to cast an eye over is Food retailers- UKP ...Puts the growth rate of Tescos to shame . ......Bonne chance mon ami ! Faires attention ,,,a/b @+ J

TFC,

Pleasure, I picked the link up on another BB.

UKP?

Which market please?

Amities / Apologies Andy; the correct ticker is UKR ,,,,,,, trading On AIM . .@+ J.

TFC,

OK thanks, I'll take a look.

-----------------------

The big boys continue to accumulate JKX!


JKX Oil & Gas PLC
31 January 2006


SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1) NAME OF COMPANY

JKX OIL & GAS PLC

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FMR CORP. FIDELITY INTERNATIONAL LIMITED

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

AS IN 2 ABOVE

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

SEE BELOW

5) Number of shares/amount of stock acquired.

517,071

6) Percentage of issued Class
(any treasury shares held
by company should not be taken
into account when calculating
percentage)

0.34%


7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued Class
(any treasury shares held
by company should not be taken
into account when calculating
percentage)

N/A


9) Class of security

ORDINARY SHARES OF 10P EACH

10) Date of transaction

NOT DISCLOSED

11) Date company informed

31/01/06

12) Total holding following this notification

12,090,049

13) Total percentage holding of issued class following this notification
(any treasury shares held by company should not be taken
into account when calculating percentage)

7.97%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

KATHY SHEEHAN
0107 323 4464


16) Name and signature of authorised company official responsible for
making this notification

S.J. RIVETT
GROUP FINANCIAL CONTROLLER

Date of Notification ......31 JANUARY 2006.....


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

Brown Brothers Harriman and Co 78,300
JPMorgan Chase Bank 62,000
State Street Bank and TR Co 49,800
Bank of New York 5
Northern Trust Co 4
Brown Brothers Harriman and Co 91
JP Morgan, Bournemouth 10,819,415
JP Morgan, Bournemouth 298,600
National ASTL BK Melbourne 97,500
JP Morgan, Bournemouth 684,334

TOTAL 12,090,049


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

Today's Shares Magazine re-iterated JKX is a BUY.

hlyeo98, can you post an extract, please?

camlad

camiladasi,

Here's a snippet of the article, I hope they don't mind!

It's on page 45 of the Shares magazine, on the Prospector's page, always a good page to read IMO.

-------------------------

Ukrainian gas finder JKX Oil & Gas (JKX) gave
shareholders reason to be cheerful last week,
unveiling its latest licence award in the former
Soviet nation. The Chervonoyarske agreement
gives JKX a five-year entitlement to drill a 5.5 sq
km area roughly 75km from its current projects.
The Ukrainian authorities have also handed
over 2D seismic studies conducted on half a
dozen wells already and JKX plans to kick-start
its programme soon.

thanks, Andy.

maybe that's why the SP bombed today - good news always upsets the MMs (LOL!!!).

camlad

RNS =Delay = Cashburn .......This will see some selling today methinks. @+ J

What would be a good price to buy back in J ? goods news for EEL, just topped up @ 350.

TFC,

JKX have plenty of cash in the bank!

Cash and cashburn are not issues with JKX, they are on course for record turnover and profits to be announced next month.

I don't see this RNS as a negative at all, in fact it seems to confirm a decent gas find, IMHO!

-----------------------------------------

JKX Oil & Gas PLC
07 February 2006



FOR IMMEDIATE RELEASE 7 February 2006


JKX OIL & GAS plc

ANNOUNCES

UKRAINIAN DRILLING UPDATE

JKX Oil & Gas plc ('JKX') announces that Well R101 in the Rudenkovskoye Field,
onshore Ukraine, has been suspended whilst an additional string of high strength
casing is delivered. Completion and testing of the well is now scheduled for
April 2006.

Well R101 was spudded at the beginning of October 2005 and reached a depth of
4,579m in mid January. Mud logs indicated more than 200m of gas bearing
Tournasian sandstones in a number of intervals from approximately 4,100m; gas
shows were recorded at downhole pressures of between 9,000psi and 11,000psi.
Drilling was halted at 4,579m when gas was encountered at pressures in excess of
12,000 psi. These pressures exceeded the design parameters for the well and were
30% higher than the maximum values reported in offset wells drilled by Ukrainian
State organisations in the 1970s. A cement plug has been set to isolate this
lower horizon and a liner has been run and cemented.

The N75 rig is currently being moved to the Molchanovskoye Field to drill the
next horizontal producing Well M154 in the northern area of the field. On
completion of Well M154, the rig will return to Rudenkovskoye to set the new
high pressure casing, prior to logging and testing of the upper horizons of Well
R101. Advanced 'through casing' logging techniques will be required as it was
not possible to run open hole logs across the upper Tournasian sands prior to
well suspension.

The Company is also reviewing options for drilling and testing the underlying
high pressure Devonian formations; these include upgrading of the N75 rig or
contracting a larger rig with a 15,000psi BOP system.

JKX Oil & Gas plc is an oil and gas exploration and production company listed on
the London Stock Exchange. The company has license interests in Ukraine,
Georgia, Italy, Bulgaria, Turkey, Russia and the United States


END


For further information please contact:

Sofia Rehman Cardew Group 020 7930 0777


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

"Mud logs indicated more than 200m of gas bearing Tournasian sandstones"

I believe this is much higher than previously expected.
MM's have chsoen to interpret this RNS as bad news and marked the SP down? Personally I thought this was good news with greater gas reserves.

WDIK, PDYOR.

camlad