- 19 May 2005 10:25
- 2 of 648
Yesterday's pullback was attributed to the Regal Petroleum fiasco, and general jitters within the oil sector as the proce of crude fell back once again.
from one newspaper;
While many investors made their exit from Regal they also started selling off small energy stocks such as Bowleven, down 11%, and the recently floated Gulf Sands Petroleum, down 12%. Gulf Sands shares are more than 25% lower than their 130p flotation price. Even well established oil companies such as JKX saw its stock fall 6% and Venture Productions was down 5%, depressed by further falls in global crude prices to $47 per barrel.
- 19 May 2005 17:49
- 3 of 648
Hi Andy. Let's hope JKX keeps a tight ship and steers her in the right direction. If they manage this I think there's £££'s to be made. But then I think that about all of the shares that I invest in!
- 19 May 2005 21:24
- 4 of 648
Yes let's hope so.
I have read that some of the oil stocks have been hit with selling as CFD players have to liquidate other positions due to taking large hits on RPT.
I see JKX as a solid producer with excellent exploration prospects.
JKX have a 4% free carry on drills being done by BP soon, offshore Georgia.
It is costing in excess of £30 million to do this, due to cost of taking the rig under the Bosphorus Bridge, which has to remain closed as they do it as there's a slim margin for error.
BP wouldn't be spending that sort of cash unless they were reasonably confident IMO. These two prospects are potentially huge, and JKX consider them to have company making possibilities.
- 19 May 2005 21:30
- 5 of 648
Andy, the BP piece sounds excellent, especially as it's a free carry. And as things have settled down politically in the Ukraine I would hope for steady progress there as well.
- 20 May 2005 00:00
- 6 of 648
Here's the AFX that explains it, 23.3.2005.
I was sure they have Turkey as well, it was mentioned at the AGM, but not on their website, so I have removed references to Turkey, Gerogia is confirmed though.
JKX says BP, TPOC to farm in to Georgia black sea license
LONDON (AFX) - JKX Oil & Gas PLC said BP Exploration Operating Co and the Turkish Petroleum Overseas Co (TPOC) have farmed-in to the Georgia Black Sea license, comprising blocks IIa, IIb and III, held by Anadarko Georgia Ltd.
The production sharing contract is now jointly held by Anadarko (48.0 pct), BP (38.5 pct) and TPOC (13.5 pct); JKX retains a 4 pct net profit interest in the contract through its wholly owned subsidiary: JKX (Navtobi) Ltd.
BP and TPAO, TPOC's parent company, jointly hold the license in the adjoining Turkish Black Sea area and have announced plans to drill a well in mid 2005 on this license.
- 20 May 2005 09:34
- 7 of 648
Splendid, thanks Andy!
- 26 May 2005 11:07
- 8 of 648
Nice that Benam have converted, let's hope they will be longer term holders, and not sell for a quick profit.
JKX Oil & Gas PLC
26 May 2005
26 May 2005
JKX OIL & GAS plc ('JKX')
CONVERSION OF £9,200,000 OF CONVERTIBLE LOAN NOTES
JKX announces that it has received a Conversion Notice from Benam Holdings
Limited ('Benam') for the entire £9,200,000 floating rate unsecured redeemable
Convertible Loan Notes 2005 ('Notes') issued to Benam on 7th July 2004. In
accordance with the conditions attaching to the Notes, the conversion price was
109.5 pence per ordinary share. As a result of the conversion, a total of
8,401,826 ordinary shares will be allotted to Benam. Following this conversion
the number of JKX ordinary shares in issue will be 151,892,600.
The new ordinary shares will rank pari passu with the existing ordinary shares
in issue. Application will be made for the new ordinary shares to be admitted to
the Official List of the UKLA and to the London Stock Exchange's market for
listed securities ('Admission'). Admission is expected to take place on 15th
The accrued interest in respect of the Notes, of £449,694.73 will be paid to
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.
Press Enquiries: Anthony Cardew / Sofia Rehman
020 7930 0777
This information is provided by RNS
The company news service from the London Stock Exchange
- 13 Jun 2005 17:19
- 9 of 648
Nice tick up today, I'm assuming on the back of the sustained oil price comments in the media.
- 13 Jun 2005 20:28
- 10 of 648
yes that was a nice rise, following on from a lean spell.
I notice most of the oilers had a good day today, SEY in particular did well.
- 13 Jun 2005 21:53
- 11 of 648
Really? I thought that it had only gone up 0.5p which, considering some of the other rises we've seen is quite conservative.
- 13 Jun 2005 22:09
- 12 of 648
Well, SEY went up 3.23%, JKX went up 4.24%, not a lot of difference IMHO.
SEY generally only moves .25p at a time, so .50p is more than usual.
- 13 Jun 2005 22:35
- 13 of 648
Not forgetting BUR.
- 13 Jun 2005 23:05
- 14 of 648
I work with a holder, and should have listened to him!
hindsight is a wonderful thing.
- 14 Jun 2005 22:08
- 15 of 648
I topped up here today, as I think we may break out of the current trading range (hopefully to the upside!) shortly.
I feel we must be due some news, as there has been a dearth recently.
- 22 Jun 2005 23:51
- 16 of 648
Are we about to breach resistance?
Don'y forget that JKX are on the full list, so are ISA'ble!
- 24 Jun 2005 14:13
- 17 of 648
This is moving very nicely, glad I have in mty maxi isa.
- 24 Jun 2005 19:53
- 18 of 648
Topped up again today.
- 25 Jun 2005 00:16
- 19 of 648
yes me too!
I mostly invest in AIM stocks, so it's nice to have a stock like JKX that you can put into a maxi ISA.
- 25 Jun 2005 01:19
- 20 of 648
No joking Andy, GEM,Global Enery Development might interest you and the thread.
- 26 Jun 2005 10:04
- 21 of 648
most of my holdings are in aim stocks as well, if one or two strike oil I can sit back and enjoy life.