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

Morning Dr Square,

Yes that's right, they need to take some steps towards bringing their gas prices more in line with Europe, and their system of collective use encourages excess use, so they may need to change their system to our type of individual dwelling metering IMO.

Interesting moves this morning, we started -16p, and now we are +5p, on lowish volume!

Dr Square,

I spoke too soon!

We're down a tad now, lol!

Andy

Hey day to day what the. It is long term that matters.

Just posted a begging letter to you. Andy

What is a problem? JKX are insulated within Ukraine for its product and income mostly, but yet are getting marked down. Go figure.

Bird flue is todays topic for the Ftse, but one of the biggest holiday spots for the Baltic horde is Egypt. Who have had bird flue for some time. While the Western Europeans avoided anything that flew as food, the Eastern Europeans got stuck in. Observations from a recent family Holiday.

Should I put my money were my mouth is and change my ISA holdings into JKX.

Any further pull back the phone will be lifted.

Regards

Dr Square,

Absolutely right, I don't worry about the day to day price movements as JKX has rewarded those that have been patient, and I think it will continue to do so.

I have mine in an ISA, as iIhave few stocks that I want to buy that qualify, hence my interest in Canadians stocks of late.

I wouldn't like to advise you re the ISA, if R101 comes in we could move north fast, but it is a gamble until the result is known, imo.

You may wish to consider moving some of your holdings into JKX, maybe you have a stock that is range bound, but we may have more turbulance, and another drop yet, who knows?

Dr Square,

A nice 6.7% rise today!

Not bloody nice for me LOL

didn`t move my ISA saw it open red and backed off.

oh well the rest of my JKX made money. The ISA will have to wait

seems to be pulling back from the 3.8 mark need something to nudge it on?

Did you notice that the Ukraine Parliament sat today for the first time.

GDP is targeted for 5%-7% for the comeing year.

Regards

Dr Square,

A nice end to the week!

I was in Ireland visiting the Galantas Gold Mine, so have been off the board, but the 36p rise on Friday was a welcome surprise!

Nice volume too, over 800,000 shares traded, a good number for JKX.

Yep Very nice finish Andy

Shorters nightmare.

Through the 4 barrier ! now it settled for a while just above this level? I hope it can kick on from here. My bet is it can as news is due on drilling ? and we have the political postering never mind the internal reform of the energy industry to consider.

I considered a possiblity for JKX to sell its oil / gas abroad at international prices and for the Ukrain goverment to place a heavy tax on it, the goverment then purchase gas from other sources at a lesser rate. could this work ? As it seems possible economically.

Hope you managed to have some proper Guinness Andy.

Regards

Dr Square,

With the drilling news seemingly imminent, I hope the price can remain above the 400p level, and the political posturing may go on for some time, so unless there is some bad news released somewhere, I hope we will establish a base at the current price.

With regards to taxation and exporting oil and gas, the scenario you speculate on could indeed become a possibility, as they could utilise the increase in taxation to subsidise the imported oil and gas.

I hope their Chancellor doesn't read Moneyam!

I did indeed manage a few samples of "proper Guinness", and they were excellent!

JKX not holding on...very volatile...drifting down

hlyeo98,

As indeed are many oil and gas stocks, something to do with the decreasing value of the US $ v other currencies I believe.

JKX have again increased production, and with drilling news awaited during June, on well R101 at least, I feel JKX are in a good position at present.

JKX Oil & Gas PLC
01 June 2006



JKX Oil & Gas plc

Notification of Interim Results


JKX Oil & Gas plc will be announcing its Interim Results for the six months
ended 30 June 2006 on Tuesday, 26 September 2006.


For further information please contact:

Sofia Rehman, Cardew Group Tel: 020 7930 0777


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

Evening Andy / All

Have I got this right JKX got an average of $1.82 for a thousand cubic feet of gas last year.

Gasprom are currently selling at $95 per cubic meter.

That would make JKX got in effect $65 per cubic meter last year.

Is my conversion accurate? anyone

I ask because the domestic rate has been set at $83 from June.

Domestic rate

Regards

A lot of confusing information and no coalition ?


City sues Gas company


Ukraine paying up


Ukraine can handle world gas prices?

Regards

Dr Square,

I agree, some very confusing messages being sent out by all sides.

JKX has risen nicely over the past few days, with good volume, and I wonder why?

I have been expecting news form R101 for a while now, and then there is a takeover rumour in the market apparently!

I picked this up on ADVFN;


http://business.guardian.co.uk/marketforces/story/0,,1801946,00.html

..."Oil prices climbed back towards $70 a barrel.

Another exploration group, JKX Oil & Gas, rose 30.5p to 404p after it emerged that major shareholder Glengary Overseas, which represents a group of Russian investors, increased its stake to more than 26% by buying the 9.7% owned by another major holder, Benam Holdings. Glengary first bought 16.7% in October 2004, and traders were hoping this new move presaged a full takeover bid."

cheers Andy

price will go up???

end game

To add that Ukraine have raised thier domestic price again $109 domestic $137 for industry ouch!

How much did JKX get last year for its gas?????????

Regards

Dr Square,

From the 2005 annual report;

"Average realisations for gas in the period rose by 14% to $1.82 per Mcf ($1.59
per Mcf), with all gas being sold into the domestic market. The price of gas in
the Ukrainian market has increased by more than 50% in the first quarter of this
year, as a result of the recent negotiations between Russia and Ukraine on the
price of all Gasprom and central Asian gas being supplied to Ukraine from/via
Russia. We anticipate a continuing upward pressure on gas prices through the
year".

Dr Square,

From your articles;

"The United States and Europe have expressed concerns about the terms of the agreement and its lack of transparency, but it appears unlikely that Tymoshenko will be able to revise the deal without jeopardizing the current price of $95 per 1,000 cubic meters, or 35,000 cubic feet, of gas, compared with $50 before. Under the terms of the compromise reached in January, the price could rise as soon as next month, and Russia's gas monopoly, Gazprom, has vowed to seek further increases"


So we have MCF and 1,000 cubic metres, so hard to compare the two!

if I can find the annual report tomorrow, i'll check it out.

Andy,

I bought back in on friday @ 386 after that little bit of profit taking.

aldwickk,

Well done!

i feel we may be ready for another run, partly because we are overdue news on R101, and possibly other smaller wells, and now we may have an interested party!