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

Well out hlyeo, 154.0 - 8, sp been hammered.

Sp about to turnaround for an old favourite it seems !.....graph looking a bit better....

Must be due rf, waiting for over 160.0 first myself.

At a guess, this should rise a lot further now with russian gas sales coming on line....

StockMarketWire.com
JKX Oil & Gas subsidiary Yuzhgazenergy has signed a sales agreement with Kubangazifikatziya for all the gas produced from the Koshekhablskoye field in southern Russia this year.

Kubangazifikatziya is a large Krasnodar-based gas trading company which has been active in the wholesale supply of gas and LPG products since 2008.

Its industrial clients in the Krasnodar region include Gazprom Mezhregiongaz and the Afipskiy Oil Refinery.

Kubangazifikatziya will take delivery of gas from the Koshekhablskoye field at the export flange and will be responsible for transport through the Gazprom pipeline network to end users.

JKX will start deliveries shortly after receiving its 'permit to operate' from the Russian authorities in Moscow.

Bebe jkx is rising...lovely.....(grave tone).....surprising what a crude rise does for one.....

Stop raised to 180.0 to lock in + 20

Have a Buy Order waiting (on the spreads) @ 102.0. May have a long wait!

Powered by IST's

Nice wee bounce today, probably living in hope, if order triggered target 120.

Order triggered, hoping current resistance 110.0 will be breached tomorrow, if not will get out quick. Would sooner attempt to trade dead cat bounces in stocks than the casino that are indeces at mo :O)

Stop to entry for risk free trade.

Target hit (Limit) and out for now. Golfing today so happy, review tomorrow :O)

Back in long today on the spreads @ 110.9 initial target 130.0

Added today @ 95.0 (gulp)

JKX Oil & Gas plc

('JKX' or the 'Company')

HALF-YEARLY RESULTS

FOR

THE SIX MONTHS ENDED 30 JUNE 2012





Key Financials



· Revenue: $103.0m (2011: $107.8m)

· Operating profit*: $31.3m (2011: $32.9m)

· Operating costs*: $58.3m (2011: $64.6m)

· Production based taxes: $24.6m (2011: $33.0m)

· Earnings per share*: 12.05 cents (2011: 14.00 cents)

· Operating cash flow: $60.0m (2011: $58.9m)

· Capital expenditure: $45.6m (2011: $101.0m)

· Cash resources: $20.3m (2H 2011: $28.9m)

*underlying figures before exceptional item of $30.7m non-cash accelerated depreciation charge against Ukrainian assets



Operational Highlights



· Average production of 7,481 boepd (2011: 9,476 boepd)

· Completion of Russian gas plant, receipt of Permit to Operate and initiation of gas sales

· Award of Giorgievskoye exploration licence in Adygea, southern Russia

· Successful exploration well in Zaplavskoye exploration licence, Ukraine

· Commencement of production from Elizavetovskoye licence, Ukraine, and sanctioning of stand-alone development

· Award of contract for multi-stage frac for Rudenkovskoye field in Ukraine

This has been a disaster trade, if it drops below 80.0 will bite the bullet and get out. Nothing wrong with the company just needs to pull it's finger out and produce, trying to catch a falling knife at the mo.

Things starting to look a lot better here......reckon the sp will go back above 100p with increased gas and oil production and a very, very... small market cap......!...

Probably another Kamikaze trade but what the hell, long on the spreads @ 78.9 risking 10 pips stop @ 68.9.

Ditto...sort of....promise of 10000 bbls pd..(gas and oil)...with.... market cap 130 million ????

Stop to entry for risk free trade.