Ralkon Commercial Ltd., which is registered in the British Virgin Islands and owned by Ukrainian businessman Ihor Kolomoisky, acquired early in October an additional 0.8245% stake in British oil and gas company JKX Oil & Gas (JKX), which owns assets in Ukraine, JKX said in a statement on the London Stock Exchange on Oct. 8.
The statement said that Ralkon Commercial Ltd. had acquired additional 1,415,064 shares, having increased its stake to 42,904,427 shares, which is 25% of direct voting rights.
Previously Ralkon Commercial Ltd raised its stake in JKX in the middle of August, having bought 1.7 million 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%.
In the first half of 2010, JKX boosted net profit by 10.6%, to $35.15 million, while its revenues over the period under review rose by 33%, to $104.48 million.
In the January-June period, the company boosted the production of hydrocarbon by 15%, to 11,690 boepd.
