We initiate research coverage on JKX Oil and Gas with a Buy rating and a 40p price target. JKX delivers stable production from a substantial resource base in mature hydrocarbon provinces in Ukraine and Russia and has the potential to deliver massive growth in production and cash flows, in the event external capital can be raised. We believe that achieving a resolution regarding ongoing tax disputes with the Ukraine government is a pre-requisite to accessing capital markets and unlocking the h
04 Apr 2017
Huge potential but tax issues to solve
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Huge potential but tax issues to solve
- Published:
04 Apr 2017 -
Author:
Mark Henderson -
Pages:
42
We initiate research coverage on JKX Oil and Gas with a Buy rating and a 40p price target. JKX delivers stable production from a substantial resource base in mature hydrocarbon provinces in Ukraine and Russia and has the potential to deliver massive growth in production and cash flows, in the event external capital can be raised. We believe that achieving a resolution regarding ongoing tax disputes with the Ukraine government is a pre-requisite to accessing capital markets and unlocking the h