city watcher
07 Jan 2015
Factored in price already For the last few weeks it was obvious JKX would shut down their Russian Operations and concentrate on their licence interests in Hungary and Slovakia.Besides their recent gas discovery being a good find, a takeover is always a strong possibilityso this stock has most likely bottomed out at opening today. One to tuck away and double + on.[link]
Stonefold
28 Dec 2014
Revised tax proposals Gas production taxFor the period 01-01-2015 to 30-06-2015 (then there will be a tax review)For shallow wells (up to depth of 5 km) unchanged at 55%For deep wells ( 5 km or deeper) unchanged at 28% For production from joint activity agreements ? with State companies - a new tax at 60 - 70% ?[link] import duties (subject to agreement with EU)For the period 01-01-2015 to 31-12-2015Dependant on which category of imported item either 5% (includes LPG ?)Or 10% .[link] …We remind that the Cabinet also intends to increase the excise duty on LPG at 14% (to € 6/t) up to € 50/t.At the same time, the Government proposes to abolish ecological tax, which for propane-butane is 117 UAH/t. …”[link] to start to tax Natural Gas imports (except via Naftogaz)[link] negative for all private production companies including Cadogan Petroleum. Regal Petroleum and JKX Oil & Gas.Will deter efforts to increase production and will scare off new investment at the very time you would think that they would want to maximise domestic energy production.The Tax and Budget laws are being rushed through without sufficient time for scrutiny so may benefit from the forces of improvement.
Stonefold
24 Dec 2014
Un-merry T-A-XMAS Finance Ministry puts short term cash need above responsible policy to promote production and investment.Assuming that the proposed tax code for the budget 2015 does not get rejected or amended in the next week.Then for the period 01-01-2015 to 31-12-2015 the gas production tax will beFor shallow wells unchanged at 55%For deep wells down from 28% to 20% ?For production from joint activity agreements ? with State companies - a new tax at 70%There will be a review of tax policy for any surviving gas producers before 01-07-2015No mention of tax changes for chocolate producers?[link]
Stonefold
19 Dec 2014
Energy Ministry favours lower subsoil tax rate. So now everyone (except the Min Fin and that's only a matter of time) are in favour of returning to the July tax rate in order to promote domestic production of Oil and Gas.---------- ----[link] Ministry of energy and coal industry advocates for establishing the rates of royalties for subsoil use in the production of natural gas, which is not for the needs of the population, at 28% (for gas from deposits of up to 5 km) and 15% (for gas from deposits of more than 5 km) in 2015. About this Ministry in a statement. "When developing the draft law" on State budget of Ukraine for the year 2015, "the Ministry of Finance issued suggestions/comments to this Bill in the rates of payment for subsoil use for production of natural gas. In particular, asked to leave the rate fee for subsurface use for extraction of natural gas from deposits that are fully or partially lie at a depth of up to 5, 000 meters on the level of 28% and deposits which fully lie at a depth of more than 5, 000 meters on the level of 15%, "the Ministry said in the statement. According to the Ministry, the extension of the application of increased rates of payment for subsoil use for gas production will make the unprofitable operations-producing enterprises of Ukraine. As Ukrainian News earlier reported, the proportion of gas companies offer Cabinet finish a bill on amendments to the tax code and set betting royalties for subsoil use in the production of natural gas, which is not for the needs of the population, at 28% (for gas from deposits of up to 5 km) and 15% (for gas from deposits of more than 5 km) in 2015. on July 31, the Parliament increased the fee for subsurface use for natural gas is not for the needs of the population from 28% to 55% (for gas from deposits of up to 5 km) and from 15% to 28% (for gas from deposits of more than 5 km) until January 1, 2015.
Stonefold
18 Dec 2014
Appealing ? When the Ukrainian Government and Gas industry get together in March for the annual Adam Smith Conference, will they look back with regret at the money they spent in December 2014 on legal fees appealing court cases?Or will they reflect that money spent on a few bottles of mineral water, peanuts and constructive discussion to promote domestic gas production was the better investment? --Wil the Gov appeal the court's decision ?16-12-2014District Administrative Court overturned the Cabinet of Ministers of Ukraine No. 647 dated November 26, 2014, under which about 170 major industrial consumers committed to February 28, 2015 year purchasing natural gas from Naftogaz of Ukraine.[link] 6th annual Adam Smith Ukrainian Energy Forum will take place on 3 – 5 March 2015 at the Hotel Intercontinental in Kyiv.- More domestic gas producers than ever, including Shell, Ukrgazvidobuvannya, JKX Oil & Gas, Geo-Alliance, Burisma, Arawak Energy, Naftogazdobycha, Cub Energy, Serinus Energy, Cadogan Petroleum and Misen Energy;- Top representatives of all the key government bodies and state-owned energy companies, including the State Geological Service, the State Commission for Mineral Resources, National Energy & Communal Services Regulatory Commission, NAK Naftogaz of Ukraine, NAK Nadra Ukrayny, the State Agency for Energy Efficiency and the Ministry of Finance.
lambrini girl
13 Dec 2014
Re: Sanctions to hit JKX? / Lambrinigirl >>Lambrinigirl - Of all the many guesses you make (all over the place), you are bound to get one or two right. blah blah<oh dear ws..criticising me for correctly forecasting a 50% drop in a few weeks!!..perhaps u can try it??...didnt say this wouldnt go lower..I have 6p next spring..(theres another 50%..we dont mess about)..
Stonefold
04 Dec 2014
Highest volume for a year -close to the bottom ? Rather than face the risks that shutting down production entails, JKX should contact a gas trader such as:[link] Who might be able to do the leg work of finding a number of small customers who would buy the gas that JKX is temporarily unable to sell.In 29 days the higher production tax is likely to revert back to normal so I don't think that they will shut down production.
willie bauld
03 Dec 2014
Re: A shame... Down again,years ago I used to day trade this,always made a profit,wouldn't chance it now though.
winningstreak
03 Dec 2014
Re: Sanctions to hit JKX? / Lambrinigirl Lambrinigirl - Of all the many guesses you make (all over the place), you are bound to get one or two right. But also here at JXK your guess of 'down to 26p', which looked pretty near the mark,has proved to be wrong, as the price has gone down to 16p! So even the rare ones you appear to get right you get wrong. Need to be a woman to be able to do that.Love,ws
city watcher
02 Dec 2014
Re: A shame... You are spot on with your comments. But this share has been well and truly hammered so maybe it does not deserve to drop much more. I could say the same for Petroneft. JKX graph islooking like it is worth a buy for recovery. But it may take 3 years to make a decent return.[link]
winningstreak
01 Dec 2014
A shame... Poor old JKX! Hammered by political/government decisions, powerless to fight the system.A right shame for a good and well run Company!Difficult to see any appeal in the shares in the present circumstances.IMHO,WS
lambrini girl
20 Nov 2014
Re: Sanctions to hit JKX? >>SELL(46p) target 26p..<<<...near enuff..BANG ON!!
