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

Indeed...

Have you noticed that JKX seems to be off the radar of Shares Magazine? The sp has been hitting new highs for a number of weeks now but has not appeared in the 52-Week Highs section of the magazine. They do get a mention from time-to-time in the Prospector section but you'd think with a sp performance like this there'd be more coverage.

queen1,

Yes I agree, but maybe that is because they are ocasionally mentioning JKX in the Prospector's section?

I agree that JKX should be featured, but I think Shares only work with certain PR companies and brokers, and mainly feature their client's shares, and ignore most of the others.

Shares certainly seems to ignore some of the better shares, which questions their impartiality IMO.

Plaudits to Archer1415 on the other side.

Andy, what's going on with JKX these last few days? It appears to have reached the dizzy heights of 2 and then fallen off a cliff, even though the news is still full of oil price rises etc. Must confess to getting a bit nervous on these now...

queen1,

No idea I'm afraid, no negative news that I'm aware of.

I will post if I hear anything, but some of the oilies have had a poor couple of days, VPC and edr for example

Hmm, maybe sectoral. I hope so as I don't want to sell these babies but am starting to think about it.

Evening Andy and all

Bought into JKX two week ago when SEY looked dodgy. Just thought I would say hello.

looking for a long term hold

regards

Well Peoples, the plain fact is that all oil stocks will move in line with oil futures, unless there is something that comes along to deflect them up or down in the opposite direction to the flow, like striking oil, or finding water, or a Coup, heck I forgot a shorting campaign!

Bearing in mind that these high prices have been a phenomenon, and it is not known by anyone if they are really here to stay, the best thing may be to decide when the oil spike has run out of steam and sell with a view to buying back in later.

Remember OPEC like $45 and will move production around to hold that price from now on barring a recession!

FWIW I dont think we are at the top yet, there may be some months left in it, but I have sliced off the tops of my stocks leaving some in cash for the time being.

I dont like the look of my regulars in retail, and banks look like the are soft at the moment.

What's this got to with JKX?

Not a lot, but it does not hurt to air some views.

Whether to sell these must depend on how much you have tied in, how much you have made, and if you can afford to let them ride in the longer term allowing that profit to flucuate in the mean time.

As you know, I did not wait and took instant profit or so it seemed, but that worked for me and may not for you.

Good luck with any decision queen1.

In the mean time if the price drops back to a silly level, I will look to buy back in, if it does not, then I wont.

Sold the last of my JKX today @ 177p, been taking profits @ 184p, 174p and 168p.also sold BUR today @ 177.5.

Cheers SWW and welcome Dr Square. Don't worry, it's not always doom & gloom. This has been a fantastic ride, I just don't want it to end quite yet.

Dr Square,

welcome, I topped up just before the last leap, and also considered switching some SEY funds into JKX after Ould Taya was toppled, but kept faith with SEY as the price held firm, contrary to my expectations at the time, to be honest.


Queen1,

Not an easy decision, and it depends on our position size, and average buying price, as to how much of a risk a futher decline is.

I'm holding from 37p, with additions along the way, so happy to continue holding.

Good luck whatever you decide.

queen1,

well we jumped back to 191 MID on friday, so let's hope we remain around this level now.

JKX has certainly been volatile of late, another good well result wouldn't go amiss.

Now where's the news from M151?

Andy, the price did recover and just in time as it was nearing the point where I'd decided to cut my winnings and sell. So, fingers crossed that it pushes through 2 from here.

Tree shake or leeked information oil up and looking as if it will stay at $65 for a while JKX down.

hopeing its a tree shake or have I missed something?

regards

Do you know, I should keep my mouth shut. No sooner do I remark on the sp strength it then decides to slide again.

queen1,

Up today ,so down tomorrow?

Not unless I start talking it up!

Morning

Thought this might be of interest kindly found by XenaWarriorPrincess on another BB, Russia predicting 4%-5% decline in oil exports next year as the second largest producer may have an effect on oil prices.

MOSCOW, August 24 (RIA Novosti) - Russia's Economic Development and Trade Ministry has adjusted its forecast for 2006 and target figures for 2008, a spokesman for the ministry said Wednesday.
"Main macroeconomic figures remain unchanged," the spokesman said.
The government, having approved the ministry's general forecast of Russia's socio-economic development for 2006-2008 at its session August 18, sent it to the ministry for minor adjustments.
The ministry is forecasting a 5.8% GDP growth for next year, 5.9% for 2007, and 6% for 2008, with inflation at 7%-8.5% in 2006, 6%-7.5% in 2007 and 4%-4.5% in 2008.
The country's current economic growth will not allow its GDP to double by 2010, the goal that President Putin set, the ministry said.
"The GDP will grow by 25.8% in 2005-2008 compared with 2004," the ministry said in the document, highlighting the necessity of institutional reforms, improving the investment climate, reducing the tax burden on business and increasing investment both by the federal budget and the investment fund.
The ministry expects oil exports to decrease by 4%-5% in 2006 due to a slowdown in oil production. But in terms of value, Russia's oil export is expected to grow by 12%-14% in 2008, compared with 2004, due to the favorable situation on the world commodities markets.
The ministry said the EU countries, including Germany, The Netherlands, Italy, Britain, along with Switzerland and China will remain main importers of Russia's oil.
The country's innovational development envisages growth in oil and natural gas production and export in the next few years.
The ministry is forecasting oil production at 474 million metric tons in 2005, 487 million tons in 2006, 495 million tons in 2007 and 503 million tons in 2008, with oil exports growing from 268.6 million tons in 2005 to 292 million tons in 2008.
Natural gas production is also expected to rise from 640 billion cubic meters in 2005 to 673 billion cubic meters in 2008, with exports up from 203 billion cubic meters to 256 billion cubic meters in the same period


regards

Dr Square,

Yes that's a promising outlook, thanks for posting it.

A plea for help.

I have spent the best part of the weekend trying to find gas prices for Slovakia and the Ukraine from 2003 to now the closest I can get is on this sight

http://eia.doe.gov/

but that only gets me to 2002.

Anybody got any better sites or data

regards