JKX Oil & Gas

Infobox Company
company_name = JKX Oil & Gas plc
company_
company_type = Public (LSE|JKX)
foundation = 1995 [cite news|url=http://www.telegraph.co.uk/money/main.jhtml?xml=%2Fmoney%2F2003%2F05%2F24%2Fcxquest24.xml|title=The Questor Column: Caution with Georgia in mind|last=Aldrick|first=Philip|date=24 May, 2003|work=The Daily Telegraph|accessdate=2008-06-08]
location = Cavendish Square, London, England
key_people = Lord Fraser of Carmyllie (Chairman of the board), Paul Davies (CEO)
industry = Petroleum industry
products = Oil and gas exploration and production
revenue = US $184.5 million (2007)cite web |url=http://www.jkx.co.uk/uploads/JKXFinalAnnualReport2007.pdf |title=Annual Report 2007 |publisher=JKX Oil & Gas |accessdate=2008-06-08]
operating_income = profit US $108.6 million (2007)
net_income = profit US $74.4 million (2007)
num_employees = 480 (2007)
parent =
subsid =
homepage = [http://www.jkx.co.uk www.jkx.co.uk]
intl = yes

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 the Ukraine, but has a presence in six other countries in Europe and North America. The firm is a constituent of the FTSE 250 Index.

History

The Company was founded by John Kenny as "JP Kenny Exploration & Production Ltd" in 1995 to search for oil and gas in the former Soviet Union. [cite web |url=http://www.ascentresources.co.uk/investor_information/Q3_2006_update.pdf |title=Investor Presentation |publisher=Ascent Resources |accessdate=2008-09-27]

Operations

Ukraine and Russia

The company concentrates principally on projects in the 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. The firm has licence to operate in several mainly-onshore oil fields in the Poltava region. [cite web|url=http://www.jkx.co.uk/ukraine.asp|title=Operations: Geographical locations: Ukraine|publisher=JKX Oil & Gas|accessdate=2008-06-08] 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. [cite news|url=http://www.ft.com/cms/s/0/d353d1bc-3a46-11dc-9d73-0000779fd2ac.html?nclick_check=1|title=JKX unveils move into Russian field|last=Bream|first=Rebecca|date=25 July, 2007|work=Financial Times|accessdate=2008-06-08]

Rest of the world

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; [cite web|url=http://www.jkx.co.uk/georgia.asp|title=Operations: Geographical locations: Georgia|publisher=JKX Oil & Gas|accessdate=2008-06-08] while it holds minority interests in several onshore exploration licences in Turkey and eastern Bulgaria. [cite web|url=http://www.jkx.co.uk/turkey.asp|title=Operations: Geographical locations: Turkey|publisher=JKX Oil & Gas|accessdate=2008-06-08] [cite web|url=http://www.jkx.co.uk/bulgaria.asp|title=Operations: Geographical locations: Bulgaria|publisher=JKX Oil & Gas|accessdate=2008-06-08]

JKX also holds an interest in an oil field in Shelby County, Texas in the United States, [cite web|url=http://www.jkx.co.uk/usa.asp|title=Operations: Geographical locations: USA|publisher=JKX Oil & Gas|accessdate=2008-06-08] a 50% stake in two exploration licences in northern Hungary [cite web|url=http://www.jkx.co.uk/hungary.asp|title=Operations: Geographical locations: Hungary|publisher=JKX Oil & Gas|accessdate=2008-06-08] and bought into three licences in Slovakia in April 2008. [cite news|url=http://www.forbes.com/markets/feeds/afx/2008/04/07/afx4859613.html|title=JKX Oil & Gas says agrees to acquire stake in 3 exploration licences in Slovakia|date=7 April, 2008|work=AFX News|publisher=Forbes|accessdate=2008-06-08]

Reserves

As of the end of 2007, JKX claimed reserves of convert|4.6|Moilbbl|m3 of crude oil and convert|71.6|Gcuft|km3 of natural gas. [cite web|url=http://www.jkx.co.uk/reserves2.asp|title=Operations: Asset portfolio: Reserves|publisher=JKX Oil & Gas|accessdate=2008-06-08]

References

External links

* [http://www.jkx.co.uk Official website]