JKX Oil & Gas
| Public (LSE: JKX) | |
| Industry | Petroleum industry |
| Founded | 1995[1] |
| Headquarters | Cavendish Square, London, England |
Key people | Lord Fraser of Carmyllie (Chairman of the board), Paul Davies (CEO) |
| Products | Oil and gas exploration and production |
| Revenue | $192.9 million (2010)[2] |
| $95.0 million (2010)[2] | |
| $21.2 million (2010)[2] | |
Number of employees | 480 (2007)[3] |
| Website | www.jkx.co.uk |
JKX Oil & Gas plc (LSE: JKX) is a British-based hydrocarbon exploration and production company, listed on the London Stock Exchange. JKX operates primarily in Russia and Ukraine, but has a presence in six other countries in Europe and North America. In June 2011, VTB Capital plc, a subsidiary of Russian state bank VTB, increased its share in JKX Oil & Gas to 6.4%.[4] The deal makes VTB bank the fourth largest shareholder in the company. Ihor Kolomoyskyi, the co-owner of Privat Group, remains the largest shareholder in JKX with a 27.06% stake.
Contents
History[edit]
The Company was founded by John Kenny and Paul Davies as JP Kenny Exploration & Production Ltd in 1995 to search for oil and gas in the former Soviet Union.[5]
Operations[edit]
Ukraine and Russia[edit]
The company concentrates principally on projects in Ukraine and Russia. In the former, JKX is the dominant private enterprise in exploration and production, accounting for over three-quarters of all oil and almost half of all gas produced by non-state-owned companies.[3] The firm has licence to operate in several mainly-onshore oil fields in the Poltava region.[6] The company moved into Russia in 2007 with the $50 million purchase of Yuzhgazenergie, which holds the licence to exploit a gas field in the Koshekhablsky District in the south of the country.[7]
Rest of the world[edit]
JKX also has investments in six other countries around the world: in Georgia it has a small stake in an exploration firm operated by Anadarko Petroleum Corporation focusing on the Black Sea;[8] while it holds minority interests in several onshore exploration licences in Turkey and eastern Bulgaria.[9][10]
JKX also holds an interest in an oil field in Shelby County, Texas in the United States,[11] a 50% stake in two exploration licences in northern Hungary[12] and bought into three licences in Slovakia in April 2008.[13]
Reserves[edit]
As of the end of 2007, JKX claimed reserves of 4.6 million barrels (730,000 m3) of crude oil and 71.6 billion cubic feet (2.03 km3) of natural gas.[14]
See also[edit]
References[edit]
- ^ Aldrick, Philip (24 May 2003). "The Questor Column: Caution with Georgia in mind". The Daily Telegraph. Retrieved 2008-06-08.
- ^ a b c "Preliminary Results 2010". JKX Oil & Gas. Retrieved 2011-04-25.
- ^ a b "Annual Report 2007". JKX Oil & Gas. Retrieved 2008-03-28.
- ^ "VTB bought 6.4% of JKX Oil and Gas". RBK Ukraine. Kiev. 23 June 2011. Retrieved 13 July 2011.
- ^ "Investor Presentation" (PDF). Ascent Resources. Archived from the original (PDF) on September 15, 2007. Retrieved 2008-09-27.
- ^ "Operations: Geographical locations: Ukraine". JKX Oil & Gas. Retrieved 2008-06-08.
- ^ Bream, Rebecca (25 July 2007). "JKX unveils move into Russian field". Financial Times. Retrieved 2008-06-08.
- ^ "Operations: Geographical locations: Georgia". JKX Oil & Gas. Retrieved 2008-06-08.
- ^ "Operations: Geographical locations: Turkey". JKX Oil & Gas. Archived from the original on November 29, 2007. Retrieved 2008-06-08.
- ^ "Operations: Geographical locations: Bulgaria". JKX Oil & Gas. Retrieved 2008-06-08.
- ^ "Operations: Geographical locations: USA". JKX Oil & Gas. Archived from the original on September 14, 2008. Retrieved 2008-06-08.
- ^ "Operations: Geographical locations: Hungary". JKX Oil & Gas. Retrieved 2008-06-08.
- ^ "JKX Oil & Gas says agrees to acquire stake in 3 exploration licences in Slovakia". AFX News. Forbes. 7 April 2008. Retrieved 2008-06-08.
- ^ "Operations: Asset portfolio: Reserves". JKX Oil & Gas. Retrieved 2008-06-08.