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

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

I got out on Wednesday. And guess what - the sp has rebounded. Who'd have thought it?! I'm sure I will regret it but hey, I bought 2 years ago at 42p and sold at 182p which isn't a bad increase in anybody's book. I may miss out on further gains but I set myself a sell target to crystalize my gains and it was hit on Wednesday. Good luck to all current holders, I may be back if we ever see 150p again though I very much doubt it......

Queen1,

Sorry to see you leave, but "it's not a profit until it's in the bank", so well done on an excellent profit!

I personally hope we won't see 150 again, but hope you will want to return due to an overwelming urge to hold the stock again due to positive drilling results and the value of oil being pumped!

good luck.

Thanks Andy, I'll see you around on FDI, EDR etc!

There was more turmoil in the Ukraine's politics last week, and one broker stated that this was the reason JKX' price fell a little.

The price of oil also ticked lower, maybe another reason, but not for long IMO.

Very nice RNS

regards

Looking good. Politically I think the President is trying to get a grip on the corruption there!!- link: http://www.unian.net/eng/news/news-85368.html

Well M151, what a beauty!
----------------------------


JKX Oil & Gas PLC
13 September 2005


FOR IMMEDIATE RELEASE 13 SEPTEMBER 2005

JKX OIL & GAS plc
ANNOUNCES
UKRAINIAN DRILLING UPDATE

JKX Oil & Gas plc ('JKX') announces that it has completed and tested Well M151
as part of its ongoing drilling programme at Poltava, Ukraine. The well has been
tied back to the Company's production facilities.

During testing, Well M151 flowed at a stabilised rate of 3,000 barrels of oil
per day and 2 million cubic feet of gas through a 40/64' choke, with a wellhead
flowing pressure of 1,300 psi. Well M151 penetrated a total of 360m of gas and
oil bearing Tournasian sands and is producing from a 220m horizontal section in
the oil leg. Well M151 is a horizontal development well located in the northern
part of the Molchanovskoye Field and is yielding similar levels of production to
the successful Well M152 which was brought on-stream in July this year.

The Skytop Brewster rig has now moved to the northern part of the Rudenkovskoye
Field where it is planned to drill Well R101 to a vertical depth of 4,700m and
again target the Tournasian sands. Well R101 is the first new well to be drilled
by the Company in the Rudenkovskoye Field, and will complement information being
gathered in the southern part of the field from the ongoing extended testing on
Well R12. Well R12 was drilled by the Ukrainian state in the 1970s, and
re-entered and side-tracked by JKX in April this year.

JKX Oil & Gas plc is an exploration and production company listed on the London
Stock Exchange. The Company has license interests in Ukraine, Georgia, Russia,
Italy, Bulgaria, Turkey and the United States.


ENDS

For further information please contact:

Sofia Rehman Cardew Group 020 7930 0777



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



|

Dr Square,

Nice little increase today, now 203.50 MID, so i'm looking for consolidation above the 200p level, so if we can maintain or increase tomorrow, we may well have set the bottom of the next trading range.

I still see JKX as undervalued given the M151 news, production has effectively been increased by 66%. but the SP by only 33% in the last two months!

Thanks Andy

I must confess don`t follow JKX that closely compared to some I have, More a lock away for a rainy day. Just liked the fact of its buisness model and it seems to have a biult in Gas price increase in 2007.

So am in the process of getting up to speed with it. All information greatfully recieved.

regards

Dr Square,

Well we have had an exceptional finish to the week, up nearly 10% in two days!

I'm absolutely staggered that this stock attracts no attention here on MAM, after such a steady rise over the last couple of years.

I think the market has started to absorb the impact of the M151 and M152 new production on next year's revenues, which should increase by 66% (less any depletions), without taking into account rising oil and gas prices.

Looking to the future, JKX have exploration projects onshore Turkey and Bulgaria, and a 4% free carry offshore Georgia, BP being the operator, in a prospect that could well be a company maker.

Andy thanks for that

As to not being noticed

Its not vogue (aim stock). The second is the political climate IMHO

As you say the share price is now very much underpinned with assets.We are at a point from the 10 year chart that is new terrritory. and as you point out the exploration blocks to look forward to.

A few more days like the last two and it will get noticed. but by traders or people looking for long term growth?

Don`t know what you think but Would like to see a run up to 2.80 from here not scientificly based just like the sound of 2.80.

regards

Andy

spent the weekend what little time I had just having a look at the up a comming for JKX.
Karakalise 2 and possible another in Turkey by year end
Novo Nikolaevskaye Ukraine
BP is an interesting one as you mention (could be a company maker) there is mention of a hole being drilled in 2005 no destination or timescale. Have you any more on this?

The Texas wells are of interest there seems to be no news from these apart from they were getting cleaned up. I assume they are in production by now? and if so at what flow rates etc?

regards

I'm back and bad......................

.................and completely mad!!!

Dr Square,

I am going to try and ring the company this week, I will add in your questions as they are pertinent IMO.

I was already going to ask about the drilling offshore Georgia, as they mentioned in the recent AGM the huge cost of moving the rig into the area, so presumably they will want it to drill as many times as possible whilst it's in the vicinity.



SWW,

?

Thanks Andy

Look forward to any clarification

regards

JKX results are out today!

JKX results can be found by clicking HERE!

Thanks Andy

Good set of results on the whole. Answers to both my questions (did you phone them in the end?)

As regards the interims what do you make of them. From my view the opening up of the gas market in the Ukraine seems to be progressing ahead of my schedule.

The exploration over the next 6-12 months should increase the existing assets with the new rig being brought in coupled with the good tentative news of BP drilling in JKX shared block next.

The more I uncover about this share the more I like

regards