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 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

Dr Square,

Sorry I have been in London for the last couple of days, I'll try tomorrow.

The results were fine IMHO, and yes we can look forward to a gas price increase in the Ukraine.

JKX's results seem tilted towards the 2H, so I anticipate some superb finals, especially if the current oil price persists, which I think it will.

Any more exploration successes would be an added bonus of course!

Worth a look


http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1127959208&feed=oilbarrel_en

Dr Square,

Many thanks.

JKX have just bought 250,000 of their own shares, with 151 million in issue, not sure why they have done this.


JKX Oil & Gas PLC
05 October 2005



FOR IMMEDIATE RELEASE 5 OCTOBER 2005

JKX OIL & GAS plc
TRANSACTION IN OWN SHARES

Pursuant to Resolution 7, passed at the AGM held on 12 May 2005, JKX Oil & Gas
plc ('JKX' or the 'Company') was authorised to buyback up to 14,257,266 ordinary
shares. The Board of Directors announces that on 4 October 2005 the Company
purchased 250,000 shares at 213.25p per share.

The purchased shares will all be held as treasury shares. Following the above
purchase, JKX now holds in total 250,000 treasury shares.

The issued share capital of the Company (excluding shares held as treasury
shares) now stands at 151,642,600.

ENDS

For further information please contact:

Bruce Burrows JKX Oil & Gas 020 7323 4464
Sofia Rehman Cardew Group 020 7930 0777


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

The following article was recently added to the JKX website:

Transaction in Own Shares
FOR IMMEDIATE RELEASE 11 OCTOBER 2005

JKX OIL & GAS plc
TRANSACTION IN OWN SHARES


Pursuant to Resolution 7, passed at the AGM held on 12 May 2005, JKX Oil & Gas
plc (JKX or the Company) was authorised to buyback up to 14,257,266
ordinary shares. The Board of Directors announces that on 10 October 2005 the
Company purchased 300,000 shares at 204.5p per share.

The purchased shares will all be held as treasury shares. Following the above
purchase, JKX now holds in total 550,000 treasury shares.

The issued share capital of the Company (excluding shares held as treasury
shares) now stands at 151,342,600.


ENDS
For further information please contact:

Bruce Burrows JKX Oil & Gas 020 7323 4464
Sofia Rehman Cardew Group 020 7930 0777

Thanks Andy

Funny enough I like the fact when a company buys its own shares. some don`t?

I always view it as money in the bank if needed, or to offset any options that are becoming due.

Over the weekend i happened to be reading up on future oil issues. The January copy of the USA prediction for worldwide energy consumption to 2025. One of the points that hit me was the perception that another 17 million barrels of oil per day would be required by 2025 if my memory serves outside of OPEC increases??. The interesting part was it then went on to state the areas it believed this new oil flow to come from. Africa being one and the Caspian block being the other.

I can not put my hands on the link right now as I had down loaded it to my PDA but will add it as soon as.


Regards

JKX Oil & Gas PLC
13 October 2005



FOR IMMEDIATE RELEASE 13 October 2005

JKX OIL & GAS plc

ANNOUNCES

FARM-IN TO EXPLORATION LICENSES, ONSHORE TURKEY

JKX Oil & Gas plc ('JKX') announces that it has farmed into onshore exploration
licenses AR/AME/3998 and AR/AME/3999 in the Thrace region in the west of Turkey.
These two licenses covers a total of 897 sq km. JKX will earn a 25% interest in
the licenses by paying 50% of the costs of study work and new seismic up to a
maximum of US$415,000.

The licenses contain two strong leads, but additional seismic is required to
confirm the presence of a drillable prospect. The seismic is planned for 2006
and a first well could be drilled in 2007. The target formations are tertiary
sands which produce gas from a number of fields in Thrace. The closest producing
field is 25km to the east.

The permits are currently held 100% by Aladdin Middle East ('AME'). Tethys Oil
Turkey AB ('Tethys') is acquiring a 25% interest on the same terms as JKX.
Following the farm-in, the license interests will be: AME 50% (operator); JKX
25%; and Tethys 25%.

This agreement represents the second farm-in to licenses covered by the
Memorandum of Understanding between JKX and AME as announced in May 2005.

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

JKX Oil & Gas PLC
14 October 2005


14 October 2005

JKX OIL & GAS PLC

ANNOUNCES

Mobilisation of Second Rig to Ukraine

JKX Oil & Gas plc ('JKX') announces that it has contracted a second drilling rig
to work in Ukraine. The Kremco 900 rig is owned by the Polish company
'Exploration and Production Jaslo Ltd' and is scheduled to commence work at
Poltava in early December.

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

ENDS

For further information please contact:

Anthony Cardew/Sofia Rehman Cardew Group 020 7930 0777



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

And they've bought some more!

Presumably if they buy over 3% they will have a notifiable interest in their own company?




JKX Oil & Gas PLC
19 October 2005



FOR IMMEDIATE RELEASE 19 OCTOBER 2005

JKX OIL & GAS plc
TRANSACTION IN OWN SHARES

Pursuant to Resolution 7, passed at the AGM held on 12 May 2005, JKX Oil & Gas
plc ('JKX' or the 'Company') was authorised to buyback up to 14,257,266 ordinary
shares. The Board of Directors announces that on 18 October 2005 the Company
purchased 125,000 shares at 188p per share.

The purchased shares will all be held as treasury shares. Following the above
purchase, JKX now holds in total 675,000 treasury shares.

The issued share capital of the Company (excluding shares held as treasury
shares) now stands at 151,217,600.

ENDS

For further information please contact:

Bruce Burrows JKX Oil & Gas 020 7323 4464
Sofia Rehman Cardew Group 020 7930 0777


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