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 ($) 0.270
Market Cap ($m) 45
Enterprise Value ($m) 30
Shares Outstanding 166,723,145
Code JKX LN

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2016 2017 2018 2019E 2020E
Sales ($m) 74 76 *** *** ***
EBITDA ($m) 16 25 *** *** ***
Net Income ($m) (37) (18) *** *** ***
Net Debt ($m) 3 10 *** *** ***
Indicator 2016 2017 2018 2019E 2020E
P/E neg. neg. *** *** ***
P/Sales 0.61 0.59 *** *** ***
EV/EBITDA 3.0 2.2 *** *** ***
P/Book 0.29 0.31 *** *** ***

Latest news about JKX Oil & Gas

Jul 10, 2020
| Oil & Gas

JKX Oil & Gas — 2Q20 production rates, realized prices down

LSE-listed JKX Oil & Gas published its 2Q20 and 1H20 operating results, reporting total production of 9.8 kboepd (-10% q-o-q and -4% y-o-y) for 2Q20 and 10.4 kboepd (+3% y-o-y) for the half-year. Ukrainian production in 2Q20 was down 7% q-o-q and up 7% y-o-y at 5.0 kboepd, with gas extraction down 7% q-o-q and 10% y-o-y to 666 million cubic meters per day (3.9 kboepd) and oil and gas condensate output down 10% q-o-q and up 5% y-o-y at 1.0 kboepd. The average realized gas price slid 29% q-o-q and 50% y-o-y to $107/tcm and the average oil price fell 37% q-o-q and 48% y-o-y to $31/bbl. In 1H20, Ukrainian production was down 1% y-o-y to 5.2 kboepd, or 49% of the company’s total.
Apr 16, 2020
| Oil & Gas

JKX Oil & Gas — 1Q20 production flat q-o-q, realized prices down

LSE-listed JKX Oil & Gas published 1Q20 operating results, reporting total output of 11.0 kboepd (flat q-o-q, +11% y-o-y). Production in Ukraine was down 7% q-o-q and up 7% y-o-y at 5.4 kboepd and that in Russia rose 7% q-o-q and 16% y-o-y, to 5.6 kboepd.
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