JKX Oil & Gas Plc (LON:JKX)

Energy

Founded in 1995, JKX Oil & Gas Plc is UK-based independent upstream oil and gas exploration and Production Company with assets in Ukraine and southern Russia and a presence in Hungary.  It is engaged in exploration, evaluation, development and production of oil and gas reserves. The company invests in appraisal and development of oil and gas assets located in Eastern Europe to deliver high value to its shareholders. It generates revenue from the production and sale of oil, gas, LPG and condensate. The company’s shares are listed on the Premium segment of the London Stock Market as LON: JKX.

The company’s objective is to be a leading independent emerging market upstream business by obtaining financial and operational stability, profitable production growth and operating safely and responsibly. The company mainly operates in three segments that include Ukraine, Russia, and Hungary. In Ukraine the company operates its wholly owned subsidiary, Poltava Petroleum Company, which is the only leading non-state producer of oil and gas that connects to the Souyez pipeline and has five producing licenses in Poltava region that include Novomykolaivske, Ignativske, Rudenkivske, Elyzavetivske and Movchanivske, which together cover 231.7 sq. km.

In Russia, the company operates the Koshekhablskoye field in the southern Russia. In 2007 the company acquired Yuzhgazenergie which holds interest redevelop the 32.7 sq km of the Koshekhablskoye gas field. In the field the company constructed and commissioned the Gas Processing Facility and commercial gas delivery completed and commenced in 2012 respectively. The company also holds Zaplavska exploration license within the Novomykolaivske complex.

In Hungary, the company wholly owns six production licenses that include Hajdunanas IV, Tiszavasvari-IV, Pely I, Emod V, Jaszkiser II and Hajdunanas V. in September 2020, Hajdunanas-V and Tiszavasvari IV licenses were successfully extended until 2025 and the Emod V license was extended until 2022.

Contact Information

company address 6 Cavendish Square W1G 0PD United Kingdom

company phone+44.20.73234464

company websitehttp://www.jkx.co.uk/

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