JKX Oil & Gas
From Wikipedia, the free encyclopedia
| JKX Oil & Gas plc | |
|---|---|
 |
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| Type | Public (LSE: JKX) |
| Founded | 1995[1] |
| Headquarters | 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)[2] |
| Operating income | ▲ US $108.6 million (2007)[2] |
| Profit | ▲ US $74.4 million (2007)[2] |
| Employees | 480 (2007)[2] |
| 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 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.
Contents |
[edit] Operations
[edit] 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.[2] The firm has licence to operate in several mainly-onshore oil fields in the Poltava region.[3] 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.[4]
[edit] Rest of the world
JKX also has invstments 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;[5] while it holds minority interests in several onshore exploration licences in Turkey and eastern Bulgaria.[6][7]
JKX also holds an interest in an oil field in Shelby County, Texas in the United States,[8] a 50% stake in two exploration licences in northern Hungary[9] and bought into three licences in Slovakia in April 2008.[10]
[edit] Reserves
As of the end of 2007, JKX claimed reserves of 4.6 MMbbl of crude oil and 71.6 billion cubic feet of natural gas.[11]
[edit] References
- ^ Aldrick, Philip. "The Questor Column: Caution with Georgia in mind", The Daily Telegraph, 24 May 2003. Retrieved on 2008-06-08.
- ^ a b c d e Annual Report 2007. JKX Oil & Gas. Retrieved on 2008-06-08.
- ^ Operations: Geographical locations: Ukraine. JKX Oil & Gas. Retrieved on 2008-06-08.
- ^ Bream, Rebecca. "JKX unveils move into Russian field", Financial Times, 25 July 2007. Retrieved on 2008-06-08.
- ^ Operations: Geographical locations: Georgia. JKX Oil & Gas. Retrieved on 2008-06-08.
- ^ Operations: Geographical locations: Turkey. JKX Oil & Gas. Retrieved on 2008-06-08.
- ^ Operations: Geographical locations: Bulgaria. JKX Oil & Gas. Retrieved on 2008-06-08.
- ^ Operations: Geographical locations: USA. JKX Oil & Gas. Retrieved on 2008-06-08.
- ^ Operations: Geographical locations: Hungary. JKX Oil & Gas. Retrieved on 2008-06-08.
- ^ "JKX Oil & Gas says agrees to acquire stake in 3 exploration licences in Slovakia", AFX News, Forbes, 7 April 2008. Retrieved on 2008-06-08.
- ^ Operations: Asset portfolio: Reserves. JKX Oil & Gas. Retrieved on 2008-06-08.
