The parent company of the Group, JKX Oil & Gas, is established as a limited liability company.
JKX Oil & Gas Ltd successfully goes public with an IPO on the London Stock Exchange.
The Group’s primary subsidiary, JV Poltava Petroleum Company (JV PPC), begins commercial field development in Ukraine.
JV PPC becomes the first private company in Ukraine to export gas to Europe.
JKX Oil & Gas Group commences hydrocarbon production in Russia.
JKX Oil & Gas Group obtains licenses for hydrocarbon production in Hungary.
The JKX Oil & Gas Group’s Board of Directors initiates the process of selling existing Russian assets.
JKX Oil & Gas Group loses control over its Russian assets due to international sanctions in response to Russia’s full-scale invasion of Ukraine.
JKX Oil & Gas Ltd, the parent company of the Group, delists itself and becomes a private limited liability company.
A new Board of Directors is appointed, headed by Mykhailo Bakunenko.
The new Board launches a reassessment of the potential of the Hungarian asset, leading to a decision to implement a phased large-scale investment project for its development.
The major JKX shareholder, Eclairs Group Limited (EGL), is struck off the register and dissolved under BVI Law. As a result, shares previously owned by Mr Ihor Kolomoiskyi via EGL vest in the Crown.
To enhance the company’s flexibility amid the war in Ukraine and associated risks, JKX Oil & Gas Ltd consolidates its shares, reducing the number of shareholders to five.
The Group’s former Russian subsidiaries are nationalised.
JV PPC launches a large-scale 3D seismic survey of its fields with the aim of increasing their potential.
Folyopart Energia KFT (Riverside Energy KFT), the Group’s Hungarian subsidiary, drills a new well in the Tiszavasvári IV field, opening up high-potential prospects. Drilling at the Hajdúnánás IV field and plant modernisation are in the final stages. Three additional wells in the Tiszavasvári IV field are planned for 2025.
To create a company that would generate stable profit, implement leading-edge worldwide technologies and contribute to Ukraine’s energy independence.