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

TFC,

Interesting post, and I think there is a combination of a rerating going on, and maybe the anticipation of some good well news.

Intersted in your coments re the new gas, possible oil field, you seem well linformed! To be honest, I was wondering what was causing the delay.

I agree with Cynic, I personally think the volume has been good over the last few days, and 8 million value traded is not a bad day's trading surely?

Looks like JKX will be touching 450p tomorrow

hyleo,

Shhh! let's not tempt fate!

Currently JKX is 21.5p up today, quite extraordinary, and obviously very pleasing for holders.

The volume is over 500,00 shares traded already, so over 2 million in value today already.

I believe the annual report was mailed this week, and was thicker than normal, so there may well be information within that is increasing the interest here.

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
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thanks for your time

Though there is no denying that JKX is a cracking share, all the charts (for what it is worth) indicate that this may now be the time for a pause, not least because sp has risen about 1.00 in little more than a week.

For myself, I have decided to bank a very healthy profit, but i am quite sure i shall be buying back in in due course

as an alternative, i would have no hesitation in suggesting Burren Oil (BUR), which is another excellently managed company which consistently beats forecasts ..... Furthermore, it is currently just over 1 off its 52-week high, for no good reason ..... indeed, it has recently had a broker upgrade

cynic,

You may well be right.

The 2005 annual rpeort landed on my doormat this morning, and it's a lot thicker than last year, and a very interesting read!

Having read it, I can see why the price has risen, as there are a lot of exploration and re-works going on this year, on all fronts.

In addition, they seem on the cusp of exporting gas from the Ukraine, and thus finally achieving international prices, around 3x the local price.

Italian production is scheduled for 2007 on the 100% owned Civita permit, again at international prices, subject to aproval by the regulatory authorities.

All in all the report is very positive, and I think we will see another year of growth for JKX in 2006, IMO.

TFC,

Did you know well N70 has been producing since January 2006?

Only 0.5 mmcfd, but production is production, and this is NEW production!

Evening all

Ukraine showing the signs of stress

Looks like it is either going to have to be passed on to the consumer. Or Gasprom will reduce the cost of imports. Or the EU will have to bail ukraine out a bit. I have a fair Idea which one will not be happening.

Any holes in my logic

regards

if unrest or similar continues in Ukraine and similar, then would not be at surprised to see profit-takers moving in on JKX ..... Having taken a decent profit on these just the other day (21st April - see above), then I shall be dlighted and see it as a buying opportunity.

Meanwhile, I reiterate my BUY posture for BUR .... and yes, I am already a holder

I think it is good opportunity to buy in today on pullback...now 409p

Sorry but don't agree, though i remain a long time fan of this company ....... shares have risen 30/35% in the last month and need time to consolidate ..... any market weakness in the near future is likely to see a further fall, perhaps disproportionately heavy

Just got in at 399p.

well one of us will be correct, unless they just stand still ... lol!

414p now.

so are you rushing off to take your profit before they react again? .... lol!

cynic,

Apparently an interesting comment on the front page of the FT today, I will try and buy one later, and update tomorrow!

Thanks Andy .... If I spot it first, I'll post here

Cynic,

Xena has already typed it out over the road, so saved us the trouble!


"Dmytro Firtash, the Ukrainian trader who has emerged as a key player in the European natural gas market, was unfamiliar to most western business people until this week. But a small group of British businessmen have known him well for years.

When he appeared last year at a Mansion House dinner at which the Queen presented an award to Ukrainian President Viktor Yushchenko, the 40-year-old Mr Firtash sat at a table hosted not by Ukrainians, but by JKX Oil and Gas, a British AIM-quoted company with interests in Ukraine.

Its Chairman is Lord Peter Fraser, a former Tory trade Minister, and the Chief Executive is Paul Davies, an oilman with extensive experience in the former Soviet Union. Mr Firtash is one of the companys biggest shareholders, controlling a 9.7% stake through a holding company called Benam.

Few people beyond JKXs immediate circle were aware of Mr Firtashs significance. This week he was identified as a key shareholder in RosUkrEnergo, a trading company bringing gas from central Asia to Europe.

Half of RosUkrEnergo belongs to Gazprom, the Russian gas giant. The other half is split between Mr Firtash with 45%, and Ivan Fursin, a Ukrainian banker and associate of Mr Firtash, with 5%.

Mr Firtash established his fortune by supplying food and goods to Turkmenistan in exchange for gas for Ukraine in the late 1990s.

Among his earliest contacts with British business people was Robert Shelter-Jones, whom Mr Firtash met through Mr Fursin. Mr Shelter-Jones lived in Kiev in the early 1990s and later in Moscow, working for a series of property companies.

Mr Shelter-Jones contacts included Viscount Asquith, a member of JKXs board who had worked as a diplomat at the British embassy in Kiev. The contacts between Mr Firtash and Mr Shelter-Jones culminated in 2003in a complex deal that brought together Mr Firtash and JKX.

Benam bought a stake in JKX, which acquired a small stake in Eural Trans Gas, at that time Mr Firtashs main gas trading company. JKX credited Benam with helping it secure Ukrainian permission to export gas.

Personal loyalties seem to have mattered to both men. Mr Shelter-Jones sat next to Mr Firtash in this weeks FT interview. Mr Firtash referred to the secrecy that until this week surrounded his background. He said I once asked Robert, Arent you afraid I could embarrass you? He said, No, I know you very well.

Mr Firtash described Mr Shelter-Jones as my partner and financial consultant. He put the (UK) team together. Mr Shelter-Jones said he would soon be saying more about their future plans.

Mr Firtashs British team includes two of Mr Shelter-Jones former partners in the Moscow real estate business David Brown and Howard Wilson. Mr Brown and Mr Wilson hold powers of attorney at Centragas Holding, the Austrian registered company that holds Mr Firtashs and Mr Fursins shares on RosUkrEnergo.

Mr Firtash also recruited Cedric Brown a former chairman of British Gas, who in 2004 took a post as chairman of Eural Trans Gas. Companies controlled by Mr Firtash bought a British company where Cedric Brown was chairman, Atlantic Caspian Resources. ACR was in debt and had been suspended from Aim in 2003. Cedric Brown now works as a consultant to Mr Firtashs group.

While some British business people might have concerns about Mr Firtashs secretiveness, his powerful contacts in the former soviet Unions gas business made him an attractive partner.

*An aide to MrYushenko said Ukraine might change the company that imports its gas after Mr Firtash and Mr Fursin this week emerged as the beneficial owners of half of RosUkrEnergo, Reuters reported yesterday."

Good news for JKX...bravo!