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About JKX

We are committed to understanding, monitoring and managing our social, environmental and economic impact to enable us to contribute to society’s wider goal of sustainable development.

Our approach

Powering Progress sets our strategy to become a net-zero emissions energy business by 2050, generating value for our shareholders, our customers and wider society. As we move forward on this journey, we will power lives and respect nature while maintaining our core values of honesty, integrity, and respect for people.

Mission

Building a successful international group of companies aimed at fostering economic growth, attracting both domestic and foreign investments, creating new employement opportunities, integrating cutting-edge technological solutions, and enhancing competitiveness. Continuous investments in the companies' development to strengthen leadership positions and expand their presence in both domestic and global markets...

Strategy

Effective and responsible usage of natural, human, and financial resources. Implementation of modern technologies across various industries, from finance to manufacturing and agriculture, to foster the growth of successful businesses and promote a sustainable economy.

Our Vision

We are committed to understanding, monitoring and managing our social, environmental and economic impact to enable us to contribute to society’s wider goal of sustainable development.

1995

Foundation and Early Steps

JKX Oil & Gas Group was founded in 1995, with its headquarters located in London. In the same year, the company went public with an IPO, and its shares began trading on the London Stock Exchange. In 1996, JKX Oil & Gas Group focused its efforts on developing the Novo-Nikolaevskoye field in Ukraine, investing £22.7 million in the project. The company's portfolio also included assets in Georgia, under a production-sharing agreement with the Georgian government.

1997

Financial Achievements

In 1997, JKX Oil & Gas Group conducted an additional share issuance, increasing its authorized capital to £16 million, and in the following year, to £17 million. By the end of 2000, the company's net profit amounted to £5 million. In 2003, the authorized capital grew to £25 million.

Since 2004, the company began providing financial statements in accordance with International Financial Reporting Standards (IFRS) and switched to reporting in U.S. dollars. In 2005, JKX Oil & Gas Group's net profit exceeded $37 million, and in 2009, it reached $85 million.

2021

Plans and Changes

In 2014, JKX Oil & Gas Group celebrated twenty years of commercial hydrocarbon production in Ukraine. In 2018, the company held several tenders and signed contracts with new drilling contractors as part of a five-year plan to increase hydrocarbon production. By 2021, the company's unaudited net profit exceeded $51 million.

Now

Restructuring for Flexibility

In January 2022, JKX Oil & Gas Group delisted and became a private limited liability company. In the same year, the Supervisory Board was restructured, strengthening the company's governance and support for its strategic goals.

In June 2024, a shareholders' meeting approved a share consolidation, reducing the number of shareholders to five. This measure aimed to increase the company’s flexibility amid the ongoing war in Ukraine and associated geopolitical changes.

Management

Michael Bakunenko
Chairman of the Board

Partner with JKX

To create a company that would generate stable profit, implement leading-edge worldwide technologies and contribute to Ukraine’s energy independence.