Ralkon Commercial Ltd., which is registered in the British Virgin Islands and owned by Ukrainian businessman Ihor Kolomoisky, acquired at the start of August an additional 0.29% in British oil and gas company JKX Oil & Gas (JKX), which owns assets in Ukraine, JKX said in a statement.
The statement said that Ralkon Commercial Ltd. acquired an additional 500,000 shares, boosted its packet to 39,789,363 shares, or up to 23.1849%.
Ralkon Commercial Ltd increased its stake in JKX to 22.84% at the end of July from 21.01% with total shares going up to 39,289,363 shares from 36,139,363 shares.
As of the end of March 2010, Ralkon Commercial Ltd owned 18.1% of JKX’s stocks, Glengary Overseas Ltd 11.44%, Interneft Ltd 6.62%, BlackRock Inc. 6.25%, NJSC Naftogaz Ukrainy 5.8%, Aberforth Partners 3,88%, and Legal & General Investment Management 3.32%.
JKX posted a net profit of $85.24 million for 2009, which was 9.1% up on 2008. Its revenues fell by 5.1%, to $196.51 million. The company boosted hydrocarbon output by 6%, to 11,665 boepd, its daily output currently is up to 12,000 boepd.
