JKX Oil & Gas Company News

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Police Probe into JKX Subsidiary Continues
Monday, July 25, 2016JKX Oil & Gas says that a local police investigation into its Ukrainian subsidiary is continuing.

JKX confirms Police Inspection In Poltava
Wednesday, June 15, 2016JKX Oil & Gas plc confirms that the Ukrainian police visited its Ukrainian subsidiary searching for documents in relation to the investigation of claims of alleged underpaid taxes.

JKX Oil & Gas Appoints New PPC General Director
Friday, May 13, 2016Eastern Europe-focused energy firm JKX Oil & Gas plc appoints Daniel Valk as the new general director of its wholly owned subsidiary Poltava Petroleum Company.

New JKX Oil & Gas Board Warns of Future Cost Cuts
Monday, February 29, 2016The new board of JKX Oil & Gas warns of future cost-cutting in order to deliver "significant" improvements to the value of the company, thirty days after being appointed.

JKX Oil & Gas' Finance Director Leaves Ahead of Meeting
Thursday, January 28, 2016JKX Oil & Gas says its finance director resigns ahead of a meeting to consider a board shake-up.

JKX Bars Two Investors from Meeting on Board Shake-Up
Monday, January 25, 2016JKX Oil & Gas seeks a board shake up, saying it has issued notices to two of its top shareholders, restricting them from attending or voting at a general meeting later this week.

JKX Secures Additional Hungarian Production Licenses
Thursday, January 21, 2016JKX Oil & Gas plc secures a further three 35-year production licenses covering an additional area of approximately 47 square miles within its original Hernad I & II exploration licenses.

JKX Urges Investors to Reject Proxima Proposals
Monday, January 04, 2016JKX Oil & Gas urges its shareholders to vote against a call by its second-largest investor, Proxima Capital Group, to shake up the independent oil firm's board.

JKX's Second-Biggest Shareholder Seeks Management Shake-Up
Friday, December 11, 2015JKX Oil & Gas's second-largest shareholder, Proxima Capital Group, seeks a general meeting to replace nearly all of the junior energy firm's management.

JKX Sees Koshekhablshoye Well Restored to Production
Monday, December 07, 2015JKX Oil & Gas says its well-27 on the Koshekhablskoye field in southern Russia has been restored to production.

JKX Granted Production License Extension in Ukraine
Monday, May 18, 2015The Ukrainian authorities grant JKX Oil & Gas an extension to its Elizavetovskoye production license, which will include the West Mashivske Prospect.

JKX Returns Ukraine Wells to Production
Monday, March 02, 2015JKX Oil & Gas returns its wells in Ukraine to full production after the country ends restrictions on gas sales to industrial customers.

JKX Launches Arbitration Proceedings against Ukrainian Government
Monday, February 16, 2015JKX Oil & Gas launches arbitration proceedings against the Ukrainian government, seeking repayment of $180 million in rental fees it has paid on the production of oil and gas in Ukraine since 2011.

JKX Achieves Successful Test of E-303 Well
Friday, January 09, 2015JKX Oil & Gas achieves successful test results from the E303 well on its Elizavetovskoye field.

JKX Suspends its Ukrainian Investment Program
Wednesday, January 07, 2015Junior producer JKX Oil & Gas says it is suspending its 2015 capital investment programme in Ukraine as a result of a government decree restricting the sale of gas to industrial customers.

JKX Awarded Extension to Zaplavskoye License
Thursday, November 06, 2014JKX Oil & Gas is awarded a further five-year extension to its Zaplavskoye exploration license by Ukraine.

Cadogan: Ukraine Tax Changes to have 'No Material Effect' on Operations
Tuesday, August 05, 2014Cadogan Petroleum says recent tax changes in Ukraine should have no material effect on its financial position, operations or work program in the country.

JKX Considers its Options following Increased Production Taxes
Monday, August 04, 2014Ukraine government introduces emergency oil and gas taxes that has prompted junior oil and gas firm JKX to take another look at its investment program in the country.

JKX Says Ukraine, Russia Operations Continue Without Disruption
Thursday, March 27, 2014Eastern Europe-focused junior producer JKX Oil & Gas says operations are continuing without disruption in Ukraine and Russia.

JKX Brings Development Well Online at Ukraine Field
Monday, March 17, 2014JKX Oil & Gas completes its second development well on the Elizavetovskoye field in Ukraine and brings it on line.

JKX Starts Up Elizavetovskoye Field in Ukraine
Monday, January 20, 2014JKX Oil & Gas starts up its Elizavetovskoye field in Ukraine.

JKX Boosts Production amid Progress with Field Developments
Friday, November 15, 2013JKX Oil & Gas boosts its total production for the third quarter amid progress at its Rudenkovskoye, Koshekhablskoye and Elizavetovskoye fields in Eastern Europe.

JKX Drills Successful Appraisal Well in Ukraine
Monday, October 14, 2013JKX Oil & Gas successfully drills and tests appraisal well Z-05 on the Zaplavskoye exploration license in Ukraine.

JKX Successfully Completes 10-Stage Frac in Ukraine
Wednesday, August 28, 2013JKX Oil & Gas successfully completes a 10-stage frac at its R-103 well in Ukraine.

JKX Makes Progress with Ukraine Frac
Wednesday, July 31, 2013JKX Oil & Gas says it has successfully completed three out of nine stages of its hyrdraulic fracturing program at its R-103 well in Ukraine.

JKX Recompletes NN-71 Well in Ukraine
Thursday, July 18, 2013JKX Oil & Gas successfully recompletes its NN-71 well on the NovoNikolaevskoye field in Ukraine.

JKX Hits 2Q Production Target
Monday, July 08, 2013Second quarter production at JKX Oil & Gas comes in at 11,100 boepd.

JKX Starts Biggest European Frac to Date
Tuesday, July 02, 2013JKX says it has begun a multi-stage frac operation in Ukraine that is "probably" the largest onshore frac in Europe to date.

Ukraine Well Sidetrack Exceeds Expectations
Thursday, May 30, 2013JKX Oil & Gas reports that M-166 well has achieved a flow rate of 1,710 barrels of oil per day in initial testing.

JKX In An 'Important Growth Phase'
Tuesday, April 09, 2013After production delays and financing issues in 2012, JKX says it is now embarked on an "important growth phase".

JKX Wraps Up Seismic Gig at Ukraine License
Friday, February 15, 2013JKX Oil & Gas completes the 3D seismic program on its Zaplavskoye exploration license in Ukraine.

JKX Oil & Gas Raises Funds
Wednesday, February 13, 2013After a series of updates detailing progress at its Ukrainian operations, JKX announced it has raised $40 million of funds from institutional investors.

JKX Upgrades Elizavetovskoye Reserves
Monday, February 11, 2013JKX Oil & Gas announces that reserves at its Elizavetovskoye field in Ukraine have been revised to 22 billion cubic feet of gas.

JKX Begins Acid Treatment Program on Russian Wells
Thursday, February 07, 2013JKX says objective of its acid treatment program on the Koshebkhablskoye field in Russia.

JKX Mobilizes Ukrainian Rig
Tuesday, February 05, 2013JKX Oil & Gas mobilizes rig as it readies itself for the restart of its drilling program in the Novo-Nikolaevskoye Complex onshore Ukraine.

JKX Begins Gas Flow at Russia Field
Tuesday, August 14, 2012JKX Oil & Gas plc announced that gas production from Well 27 has commenced in its Koshekhablskoye Field, Adygea, Russia.

JKX Makes Headway in Hungary
Friday, February 11, 2011JKX provided a status update of exploration, development and production activities in Hungary.

JKX to Commence Gas Production at Koshekhablskoye Field in 1H
Thursday, February 03, 2011JKX updated its redevelopment progress at Koshekhablskoye field in Russia, which is on track to commence gas production by the end of 1H.

JKX Plugs, Abandons Bulgaria Well
Friday, November 05, 2010JKX announced that the Shkorpilovtci South West R-01 exploration well in east Bulgaria was drilled to a TD and has now been plugged and abandoned.

JKX Commences Drilling at Shkorpilovtci Well in Bulgaria
Tuesday, October 19, 2010JKX announced that the Shkorpilovtci South West R-01 exploration well in east Bulgaria spudded successfully on October 17, 2010.

JKX Reaches TD at Bulgaria Well
Wednesday, October 06, 2010JKX announced that the Staro Oryahovo South R-01 exploration well has been drilled to a total depth of 1,875m.

JKX Spuds Bulgaria Wells
Thursday, September 02, 2010JKX announced that the first of two wells testing amplitude supported gas prospects onshore Bulgaria spud September 2, 2010.

JKX Ramps Up Production in First Half 2010
Friday, August 27, 2010"We have delivered improved results for the half year while accelerating our development programs on our two deep gas licenses in Ukraine and Russia respectively," said Dr. Paul Davies.

Koshekhablskoye Well Flows at Rate of 22.6MMcfd of Gas
Thursday, July 15, 2010JKX announced the results of its second well test in the Koshekhablskoye Field. Well 20 flowed at a stabilized rate of 22.6 MMcfd of gas and an estimated 25 bpd of condensate through a 60/64" choke.

JKX Bags Bit for Bulgaria
Monday, May 24, 2010JKX, the operator of the B1-Golitza license, has signed a Letter of Intent with Weatherford for the supply of a CCC-500 drilling unit for the 'back to back' drilling of a two well program on B1 Golitza.

JKX Encouraged by First Well Test Results in Russia
Tuesday, October 06, 2009JKX Oil & Gas has reported on the results of its first well test in the Koshekhablskoye field, located in the Republic of Adygea, Russia.

JKX Confirms Hungarian Gas Discovery at Nyirseg License
Friday, September 18, 2009JKX Oil & Gas confirmed the successful testing of the exploration well Gorbehaza-1 in the Nyirseg license located in Hungary's Pannonian Basin.

Ascent Resources Tests Positive Gas at GH-1 in Hungary
Thursday, September 17, 2009Ascent Resources has successfully completed and tested the Gorbehaza-1 well ('GH-1') located in the western part of the Nyirseg Szatmar permits in Hungary.

First Hungarian Gas Development On Stream
Wednesday, August 19, 2009JKX Oil & Gas has announced the commencement of commercial gas production from the Hajdunanas field in north east Hungary.

Drilling Kicks Off at Gorbehaza-1 Onshore Hungary
Tuesday, August 18, 2009Drilling operations have commenced at the Gorbehaza-1 well, located in the western part of the Nyirseg Szatmar permits in Hungary.