JKX Oil & Gas plc

JKX Oil & Gas plc is a FTSE 250 exploration and production company. Listed on the London Stock Exchange, the Company's principal interests are located in Ukraine and Russia, with additional interests in Georgia, Bulgaria, Hungary and Slovakia. The Company report production of 11,700 boepd earning revenues of $196m and a pre tax profit of $120m (source: 2009 Annual Report and Accounts).

Brewin Dolphin was appointed as broker to the Company in 2003, we assisted the Company in raising $61m in a placing for cash in 2010 to accelerate the development of non producing resources on the existing portfolio focussing on Rudenkovskoye (Ukraine) and Koshekhablskoye (Russia) with a view to bringing forward and enhancing near term production and increasing cash flow and 2P resources. Longer term the Company's strategy is to develop oil & gas interests in and around the states of the former Soviet Union and specifically in Ukraine and Russia.