Our History


  • JKX achieves first export of its Ukrainian oil production
  • JKX successfully raises £14.2m in a rights issue
  • JKX signs and draws down an $8m loan from the European Bank for Reconstruction and Development
  • JKX commences commercial production of oil & gas from Poltava, Ukraine
  • JKX successfully floats on the London Stock Exchange raising £41m


  • Declaration of JKX's maiden dividend of 0.5p per share
  • 66.2% shareholding in Ukrainian subsidiary, PPC, secured in Ukrainian courts followed by recommencement of drilling activity in PPC
  • JKX expands its licence interests to USA (Oklahoma and east Texas)
  • JKX concludes an agreement for Anadarko to farm-in to JKX's West Georgia Offshore Licence
  • The Company posts its first annual profit


  • Average daily production at 11,146 boepd
  • Government approval received to tie-in PPC production facilities to Soyuz pipeline which delivers gas from Ukraine into western Europe
  • PPC awarded Chernovoyarske East exploration licence in Ukraine
  • JKX completes a year of record cash flow, turnover and profits
  • JKX expands its interests to include Turkey and Bulgaria
  • PPC awarded Elizavetovskoye exploration licence in Ukraine
  • Re-entry of Well R12 on Rudenkovskoye Field in Ukraine results in PPC for the first time actively working on all four of its production licences
  • Civita gas discovery in Italy
  • PPC reserves upgraded by 7 MMboe
  • JKX acquires 100% ownership of PPC
  • PPC successfully achieves its first gas export from Ukraine


  • Increased Group capital investment to $178.5m of which $107.8m was in our Russian development project
  • Completed and tested horizontal well R-103 at Rudenkovskoye in Ukraine
  • Exploration wells drilled in Hungary and Bulgaria
  • $61m raised through share placing
  • Completed workovers at our Koshehkhablskoye field in Russia, increasing 2P reserves to 44.8MMboe
  • Installed Hungarian production facilities with a tie-in to an export pipeline
  • Commissioning of the Soyuz pipeline tie-in to our producing Poltava fields removing any capacity constraint to delivery of our gas from those fields
  • Completed 3D seismic over the Koshekhablskoye field increasing Russian 2P reserves to 41.2MMboe
  • Farmed-in to three exploration licences in Slovakia
  • Acquisition of 100% of Yuzhgazenergie (YGE), our Russian subsidiary, which holds the licence to redevelop the Koshekhablskoye gas field
  • Farm into two exploration licences in Hungary (Hernad I and II) (JKX holding 50%)
  • Average daily production in Ukraine of 12,579 boepd


  • New Elizavetovskoye field development in Ukraine brought on-stream
  • Average oil and gas production increased to 9,919 boepd, 2P reserves increased to 97.7 MMboe
  • Ukrainian government decrees issued that:
    • restricted gas sales for 3 months;
    • increased gas production tax rates to 55%; and
    • implemented currency restrictions.
  • $40m 5-year convertible bond placed
  • Russian production stabilised in excess of 40 MMcfd
  • Average production up 18% to 9,731 boepd, 2P reserves revised upward to 94.2 MMboe
  • Commercial gas sales commence from Koshekhablskoye field, Russia
  • Upward revision of Group 2P reserves to 93.8 MMboe,
  • Award of the multi-stage frac contract for well R-103 at Rudenkovskoye field, Ukraine
  • Completed construction of our state-of-the-art Gas Processing Facility (GPF) at our Koshekhablskoye field in Russia
  • Increased reserves at our Koshekhablskoye field have increased 2P reserves to 61.2 MMboe contributing to an increase in Group reserves to 90.7MMboe
  • Liquefied Petroleum Gas (LPG) sales commenced from our GPF in Poltava, Ukraine

Our Board

Meet the board governing JKX

Our People

Meet the people working at JKX