Ukraine progress by JKX

Companies: JKX

21/08/2007

JKX Oil & Gas’s drilling programme at Poltava in the Ukraine is achieving encouraging results.

During testing, the fully listed company’s Well 158 flowed at a stabilised rate of 1.3 million cubic feet of gas and 45 barrels of condensate a day. This is a vertical well in the northern part of the Molchanovskoye field and was drilled to a depth of 2,669 metres.

Recommended by Growth Company Investor at 53p in December 2003, JKX shares went to 440p by April 2006, when GCI suggested partial profit-taking. When they had fallen back to 295p last February, GCI again highlighted their longer-term merits and they are now at 371.75p, up 26.75p today, valuing the company at £574 million.

Hold on.

Robert Tyerman

Related Articles:
Green light for Volga Gas	13/11/2008
Output gush from Sterling	17/10/2008
Dutch sale boosts Island Oil	07/10/2008
Circle hails Egyptian find	03/10/2008
Appeal win for Cadogan	29/09/2008
People who read this article also read ...
Revenues grow at JKX	25/09/2007
CAMEC threatens legal move	31/08/2007
AIM newcomer in Peru expansion	22/08/2007
Russian magnate buys into Celtic	14/08/2007
Robert Tyerman’s Exploration Insights	06/10/2006

Add to company folder | Email a friend | Print

JKX Oil & Gas	LSE	£207.37m	132.50p	-17.00p
Click here for interactive charting
Other company articles:
Interims ahead at JKX			29/08/2008
Exploration Insights			31/03/2008
Expansion continues at JKX			19/03/2008
Revenues grow at JKX			25/09/2007
Ukraine progress by JKX			21/08/2007

Sponsored Listings

Savings & Investments Savings & investment options: your official guide.