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

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

They will have to take themselves over soon.........

Don`t know if this is of interest

http://www.rigzone.com/news/article.asp?a_id=26288

regards

RNS Number:2979T
JKX Oil & Gas PLC
28 October 2005
FOR IMMEDIATE RELEASE
28 OCTOBER 2005

JKX OIL & GAS plc
Exercise of OptionsJKX Oil & Gas plc announces the exercise of options under the Unapproved andApproved, JKX Oil & Gas plc Discretionary Share Option Schemes 2001. The optionswere exercised on 24th October 2005 following which, 612,229 shares are to betransferred out of the Company's holding of treasury shares. The subscriptionprice paid for these shares was 17 pence per share.JKX has a total of 151,892,600 shares in issue. Following this transfer 112,771of these shares will be held in Treasury.

Amities / Havent really had the time to fully digest latest interims ; but numbers oten mean more than a plethora of plattitudes . Sometimes words are insufficient . And this is one of those occassions . And upon first glance the results seem yet another set of excellent interims. The numbers speak volumes . Oil at record levels in the futures market, of course has played a large role in such phenomonal increases in profit s . BUT regardless what short term analysts concentating on the "interspread day price" ,or "hi volume small movement day traders will " tell you , the oil revision trend is technically downwards BUT there definition of " SHORT " is no more than that . By that i mean no more than a day at a time : or at the very longest a matter of weeks . There exists to many variables to merit even slight optimism . And with good reason There are non. None whatsover . The hydrocarbon age is at best a future story of corruption and bribery and duplicity ; and , at worst yet another resource/ civil war . ... The Federal reserve seems to have deemed it appropraite to merely print cheap money to pay for this oil in order to feed and maintain " American Joes " appetite for even cheaper chinese imports like plasma tvs and all manner of electronic gizmos . The Fed Reserve are also hoping demand for oil from the likes of China will subside before Chinese exports via their electronics industry imports are effected . . As things stand Chinas purchasing of American Treasury bonds mean they own along with lndia almost 60% % of the American iindustrial infrastructure. Alarming some will think . But worse will follow when the spectre of hyperinflation rears its ugly head what with oil remaining at the $ 60 + P/bl.. Expensive oil spells expensive commodoties . ..By mid winter. l believe , when the likes of Norway and Russia and a number of other oil expo s are unable to drill i am absolutely convinced given the geopolitics of oil that oil chartists will stare at a chart with a vertical spike so severe that oil futures traders will require up to 50- 75 % margins . . A cliff face alarmingly vertical line . { even "sour" crude is unprecedented prices } To be fair , the Henry Hubb gas prices will fare much the same way . But as we all know JKX is every much a gas company as it is an oil player . Once the respective Ukrainian ministry lifts the ban on exports during the 4th quater ( as was recently indicated by the respective ministry . ) JXX will be entering the more lucrative markets of both France and Germany & Europe in general ; and undercutting with consumate ease the current Euro providers . Costs of operations in JKX are not even a fraction of their competitors.. . ,,But in spite of this JKX have prodeced yet another sterling set of results esp. when you consider most of 2004 and spring of 2005 JKX were invloved in not only re-entering well no. m201 and rectifying the aluvial waters seeping into the said mine , but management were likewise as busy on the aquasitional trail . More acreage in Eastern Ukraine .A stake in Turkey and more importantly in Bulgaria which despite global capacity of 95.22% in rig and infrastructure has a number of platforms available to those prepared to mine there ../. The only diaapointment being the non commercial strikes at Novo Nilolaevskoye but events more than compensated by the success of M150 , M204 and to a lesser degree at M203. What with a backdrop of success at thier acreage at the Molcheanoskoyes field and wellbores having been pressure tested and cleaned to a depth of over 3,000 in place at Rudenkovskoye { well 12 to be Skytop Brewster mined }. coupled with the fact drilling at both often forgotton Rosetta operated wells at the Deep Centre unit in the USA and have been completed { JKX have a 34.4%. stake ......ln addition the farming out to the Turkish oil compamy { TPAO } and the mighty BP to "lift" what satalite imageing and magnetic surveys coupled with potentially 3D seismics have all more than suggested could be up to 4/5 million bblsoe producer on the Western black sea shelf surrounding Turkey will eventually proove a top draw decision . { lf even only half as productive as the TPAO /BP j/v in the Eastern Turkish Black sea this Georgian black sea site could add sixty MMBL s to JKX coffers ...Now JKX 's interest of a mere 4% might not sound much ,But it could be as much as 40 million bbls which equates to phew !! Perhaps $100 mlln . Certainly a re rating and status among the elite FTSE 250 , or even te FTSE 100 ....My own studying of The Eliz. fields ,upon which the old Communist regime erratically mined ,and accorded it a P2 status , and completed 2D seismic juste before the wall came tumbling down makes it look like an obvious place to drill / workover. But for the communist regime with its both antiquted and poorly maintained infrastructure inflamed by soviet corruption this mine would have been highly successful field many years ago . . Now it will the most hightly productive venture yet taken on by JKX ..........With strong , determined and robust management and a highly paid work force hence a highly motivated worforce ,,,,and not overlooking the massive premium Glencarries paid Swiss traders in considerstion for thier holding ( believed to be between 180 and 200p ) i can see JKX sitting quite happily at 250p/ 275p by finals .......... .Bonne chance .../.....Sois sages ......@+ J........

TFC,

As always an interesting post, and I agree JKX looks a good long term bet.

Glad to see we have recovered most of the recent loss, as I thought we had become oversold, given the recent results, and price expectations for oil and gas in the next year.

250p would be nice, and not improbable either IMO.