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

Cant see why the drop yesterday.

It'll go back up sometime.

SWW,

Little boost already today, let's hope it simply reacted to a couple of late sells.

Unless there is bad news lurking somewhere, I couldn't see any justification for such a drop.

SWW,

141.25p MID price now.

Seen it thanks.

Nor could I but this one does move within a 40p band of late.

Can't say this one is not exciting...................

SWW,

White knuckle stuff the last couple of days for sure!

Nice recovery today though, maintains the long term uptrend, let's hope we consolidate at these levels for now.

So, which way's the wind going to blow tomorrow?! :-)

queen1,

Continuing in a strong northerly direction I hope!


This three year chart shows the uptrend quite clearly IMO.

Andy the trend at present is undeniable and thanks for the chart. It's just day-to-day the sp can be a little "choppy". Bad for the nerves you know!

Queen1,

Another down day, not sure what's going on here to be honest.

I can't keep up.

White knuckles in deed.

This article was posted by Archer over the road.
-----------------------------------------------------

Fat Prophets

21 July 2005

JKX Oil & Gas

Exploration update -

Up until recently JKX Oil & Gas (JKX) operated predominately in the Ukraine - an area where much success has been experienced. Encouragingly, JKX recently developed another successful well in the region. The group's decision to diversify interests into Turkey is also heartening, particularly given the new site's potential reserves.

We remain encouraged by JKX's drilling and exploration programme in Poltava, Ukraine. In the latest drilling update, well M152 in the Molchanovskoye Field tested at a rate of 2,950 barrels of oil per day (bopd) and 2.4 million cubic feet (Mcf) of gas. This follows on the heels of last year's success at well M150.

At the Novo-Nikolaevskoye Field, also in the Poltava region, testing of well N70 is nearly finished. Thus far results have not been encouraging, as only one sub-commercial rate has been encountered. JKX anticipate well N70's testing to be complete in August. In the meantime, the company has already begun studies to provide a greater insight into the field and potential targets. In the Rudenkovskoye Field, the testing programme continues while preliminary work has begun for a new well at the site.

We are excited by the potential offered by JKX's Elizavetovskoye (Eliza) license, also in the Ukraine, as well as the newly announced Karakilise onshore exploration licenses in south-eastern Turkey. Previous seismic studies have estimated gas resources within the Eliza license area to be as high as 50 billion cubic feet (8.3 million boe). The potential to develop reserves in Turkey by an additional 10 to 20 million barrels of oil, would result in a significant reserve upgrade due to JKX's 30 percent interest.

We believe that ongoing exploration and development activities along with strong oil and gas markets will continue to support long-term earnings growth at JKX. Considering the leverage that JKX has to rising energy prices, we believe that the prospective price earnings multiple of 13 times is undemanding.

Please note this is an abridged version of the full article that appears in this weeks Fat Prophets report.

Thanks Andy. The sp is heading the right way today.....

I'll,take that today and sell.

I will look for a low end to reenter.

Good luck all.

Interesting SWW - I know that you're heavily into SEY which has done virtually nothing in terms of sp movement over the last year yet you appear happy to stay there whilst leaving a rising star like JKX. I'm in both and certainly see the merits of holding SEY long-term (which I have for 3 years) but there's also a lot of money to be made here...

There are many stars in the sky, you just need to know which have planets orbiting around them, and which are barren.

JKX has planets and there is life.......

No disagreement with you on your points made, I hold long on most stock, but use a lesser amount to short term trade, of which JKX was. I neededto get in on them when I first took note some 2+ years back. The price I think was around 25p then. I didn't, I made an error then.

I try to trade the peaks and troughs with this and mostly suceed.

I have no problem with that strategy.

Having seen the volatility of this one of late, I suspect I'll be back sooner rather than later.

Well when you return SWW you will be greeted, no doubt, with open arms by other contributors to the thread. Good luck with your other endeavours.

SWW,

"JKX has planets and there is life....... "

Classic!


I wish you well but I think it may be better to remain in at the moment as there is decent volume, and maybe some news on the way? At least I hope so!

To be honest I've never been that successful at trading peaks and troughs, so I prefer to remain holding when I'm convinced a company will enhance shareholder value in the medium/long term.

SEY and JKX both fit into that category.

JKX is now at it's highest price since 1996!

I feel love............

;-))

xxx