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

oil prices back on the rise, should see shorts closing tomorrow

wow look at oil rise sharply back up...$111/bbl

SP is currently lower than at the start of the year...however oil price is higher now than at the start of the year and they recently announced the gas discovery in Hungary, also expecting gas prices to increase, profits increasing substantially and no debt, all bodes well for the future IMHO

shorts will get burnt tomorrow

rf
you is aving a laugh?
do you really listen to tips?
or do you do your own thing?
this relates also to do you listen to advice?
always do your own thing, thats my advice.
that means you must ignore me. lol.
regards
jkd

oil closed $120!!!

very interesting day ahead for oil companies and those that were shorting!!!

ref my post 536
hmm,...does it make sense?
getting late, time for bed.
jkd

Lots of talk about oil in the news this morning!

'NEW YORK (Reuters) - Oil prices soared nearly 16 percent to over $120 a barrel on Monday -- the biggest one-day gain on record'

from ft.com 'By late morning in New York on Monday, the price of oil had climbed by 20 per cent in barely five days and scarcely anyone had noticed. Then it went into overdrive, hitting $130 at one point before settling at $120.92. Last Tuesday, it traded at $90.51 a swing of 44 per cent from bottom to top.'

As I've said above, JKX has weaken and heading into a bottomless pit.

200p initial target

220p now.

Interesting graph, dealerdear...still a 10 bagger surprisingly...bank your profits if you are still in it.

No not in but I am caught in several mining stocks.

Will just have to sweat it out.

Dealerdear, it's probably better to cut-loss and get in at a lower level.

too late I feel!

Either the SM goes bust (always possible) in which case I shall not be alone or at some point the SM will rally and I'll recoup

If you are holding the big guys (RIO, XTA, BLT etc) I think worth holding as at least you should get a divi of sorts until the stock recovers. If it's the little AIM miners then hlyeo may be right. Cut & run, imo.

XTA, PMO, ANTO, VED.

If they go under then we might as well give up!

RED LINE OIL

Now 188p

JKX expect to get a higher price for gas in the Ukraine market in 2009. They are due to announce soon the tie in of the PPC production facility to the Soyuz pipeline to achieve export prices for gas. Development and exploration portfolios are expanding and the company had net cash at the half year. Time to buy?

Buy during X'mas. It will be on sale then.