JKX Oil and Gas

Article Abstract:

JKX Oil and Gas has a large gas supply in Ukraine, though has had problems in obtaining payments from companies in that country, and this has affected its stock price. Economic reforms in Ukraine could help ease this problem. Gas prices could also be raised in Ukraine, where they are artificially low. The company represents a high risk investment, but the changes in Ukraine mean that this risk has been lessened. Mercury Asset Management holds 3.2 per cent of the company, which represents an increase in its stake.

Natural Gas, Gas industry, JKX Oil and Gas PLC

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Hardy Oil and Gas: eastern allure

Article Abstract:

Hardy Oil and Gas involved in exploration and production and has reported good results for 1995 to 1996. The company sold fields in the US for $179 million. The proceeds have allowed Hardy to repay its debt. The company has assets in the Elgin field in the North Sea and in the Timor Sea. Elgin is a major find and the key project for Elf. Hardy holds a stake of 7% in this field. The company's estimate for its potentially commercial reserves have also been revised upward.

Hardy Oil and Gas PLC

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Cash problems for frozen Northern

Article Abstract:

Northern Petroleum holds a 10.34% stake in Polar Bear, and aims to increase this to 35%. Polar Bear is the owner of oil fields in the north west of Russia. Northern aims to invest $45 million in production and pipeline facilities and some $8.5 million in increasing its Polar Bear stake. Northern also plans to acquire a stake in oil fields in Kazakhstan. Northern will have to postpone construction in Russia if funds cannot be raised and there has been difficult in raising funds.

Northern Petroleum PLC

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