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Company type | Public company |
---|---|
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 Oil & Gas plc 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.
The Company was founded by John Patrick Kenny and Paul Davies as JP Kenny Exploration & Production Ltd in 1995 to search for oil and gas in the former Soviet Union. [5]
In November 2021, the company announced its intention to buy in 23.3% of the company's shares and delist from the London Stock Exchange. [6]
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. [7] 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. [8]
JKX also has investments in six other countries around the world: in Georgia it has a small stake in an exploration firm operated by Occidental Petroleum focusing on the Black Sea; [9] while it holds minority interests in several onshore exploration licences in Turkey and eastern Bulgaria. [10] [11]
JKX also holds an interest in an oil field in Shelby County, Texas in the United States, [12] a 50% stake in two exploration licences in northern Hungary [13] and bought into three licences in Slovakia in April 2008. [14]
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. [15]
![]() | |
Company type | Public company |
---|---|
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 Oil & Gas plc 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.
The Company was founded by John Patrick Kenny and Paul Davies as JP Kenny Exploration & Production Ltd in 1995 to search for oil and gas in the former Soviet Union. [5]
In November 2021, the company announced its intention to buy in 23.3% of the company's shares and delist from the London Stock Exchange. [6]
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. [7] 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. [8]
JKX also has investments in six other countries around the world: in Georgia it has a small stake in an exploration firm operated by Occidental Petroleum focusing on the Black Sea; [9] while it holds minority interests in several onshore exploration licences in Turkey and eastern Bulgaria. [10] [11]
JKX also holds an interest in an oil field in Shelby County, Texas in the United States, [12] a 50% stake in two exploration licences in northern Hungary [13] and bought into three licences in Slovakia in April 2008. [14]
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. [15]