JKX Oil & Gas

LSE-listed JKX Oil & Gas is an exploration and production company operating in Ukraine (76% of total sales in 1H17) as well as Russia (21%) and Hungary (3%). JKX is the largest private oil producer in Ukraine, accounting for 1.8% of domestic oil and 1.0% of gas production in 1H17. Its proven and probable oil and gas reserves were estimated at 109 MMboe as of end-2016).

Shareholders Structure

SUMMARY

Market Price ($) 0.605
Market Cap ($m) 101
Enterprise Value ($m) 77
Shares Outstanding 166,723,145
Code JKX LN

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020 2021E
Sales ($m) 76 93 *** *** ***
EBITDA ($m) 25 36 *** *** ***
Net Income ($m) (12) 12 *** *** ***
Net Debt ($m) 9 (8) *** *** ***
Indicator 2017 2018 2019 2020 2021E
P/E neg. 8.59 *** *** ***
P/Sales 1.32 1.09 *** *** ***
EV/EBITDA 4.4 2.6 *** *** ***
P/Book 0.69 0.71 *** *** ***

Latest news about JKX Oil & Gas

Oct 18, 2021
| Oil & Gas

JKX Oil & Gas — Reports 3Q21 operating results; Ukrainian gas prices surge

LSE-listed JKX Oil & Gas reported 3Q21 total production of 8.6 kboepd, down 8% q-o-q and 16% y-o-y, bringing 9M21 output to 9.5 kboepd (-8% y-o-y). Quarterly production in Ukraine stood at 4.5 kboepd (+10% q-o-q, -8% y-o-y), falling 17% y-o-y to 4.2 kboepd in 9M21. Gas production totaled 54 million cubic meters (3.4 kboepd), up 12% q-o-q and down 8% y-o-y, bringing 9M21 extraction to 148 million cubic meters (-20% y-o-y). Quarterly oil and gas condensate output was up 2% q-o-q and 9% y-o-y to 97 Mbbl (1.1 kboepd), with 9M21 production down 9% y-o-y to 263 Mbbl (1.0 kboepd). The average realized price of gas jumped 72% q-o-q and 310% y-o-y to $431/tcm and that of oil rose 11% q-o-q and 47% y-o-y to $72/bbl. In 9M21, the respective averages stood at $305/tcm (+148% y-o-y) and $67/bbl (+60%). A new well, R110, was spudded on Sep. 14 and drilled to 2,642 meters, with a target depth of 3,319 m. Russian gas production fell 22% q-o-q and 26% y-o-y to 63 million cubic meters (4.0 kboepd) in 3Q21, dropping 9% y-o-y to 819 million cubic meters (4.8 kboepd) in 9M21, with the respective average prices up 25% q-o-q and y-o-y to $65/tcm in 3Q21 and up 6% y-o-y to $56/tcm in 9M21. The company reported booking a 25% increase in the realized price in a new contract. JKX reported net cash of $51.5m vs. $36.5m as of end-2Q21 and $14.5 at end-2020. It also held $4.1m worth of oil and gas inventories.
Oct 05, 2021
| Oil & Gas

JKX Oil & Gas — Plans to sell its Russian subsidiary

LSE-listed JKX Oil & Gas announced that its Board had decided to dispose the interest in its Russian subsidiary Yuzhgasenergie and is actively seeking for buyers.
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