On 5 February 2014 Proxima Capital said it was in the very early stages of considering a potential offer for JKX
Oil and Gas plc and that there could be no certainty that a firm offer would be made.
The chief executive of JKX
, Paul Davies, said, 'We continue to benefit from buoyant oil, gas and LPG prices in Ukraine and anticipate improving revenue in the second quarter with increased production from Hungary and the addition of production from Russia.
Oil & Gas said the Shkorpilovtci South West R-01 exploration well in east Bulgaria spudded successfully on October 17.
3% and shares in JKX
Oil and Gas in the Mid 250 were also up 13%.
Interims: Ascribe, Smiths Group Finals: 32Red, AMEC, Atlantic Global, BATM Advanced Communications, BPP, BRIT Insurance Holdings, Costain Group, Dealogic, EGG Group, Erinaceous, Fayrewood, Grafton Group, Incisive Media, JKX
Oil & Gas, Laird Group, MacLellan, Melrose, Microgen, Regen Therapeutics, Shore Capital, TEG Environmental EGMs: Impax Environmental Markets Trading statement: Daily Mail & General Trust Economics: UK labour market data
The United Kingdom company JKX
Oil & Gas Plc has signed a similar agreement, on similar terms.
Oil & Gas of the UK in 2005 farmed into three licences in that area run by Aladdin.
M2 EQUITYBITES-February 20, 2015-Proxima Capital, JKX
Oil and Gas End Merger Talks
Successful completion of a 10-stage hydraulic fracturing (fracking) programme by JKX
Oil and Gas and Schlumberger in Q3 put Ukraine on the forefront of exploratory activity outside the United States.
posted a 21 per cent drop in profit in 2010 after costs rose, and the British oil and gas firm said a key gas project in Russia would be delayed by around three months, hurting its shares.
Oil & Gas signed at the end of May on a CCC-500 drilling unit through Weatherford for two wells in Bulgaria's onshore B1-Golitza Block.
Exploration firms JKX
Oil and Gas and Dana Petroleum are listed as they have high political and environmental risks but it is not clear how they are managed.