RE: JKX Oil & Gas Ltd. Key metrics for the 6 months ended 30 June 202119 Apr 2023 19:31
Hope they get the auction away, so at least we have a trading facility, might buy more if it is going cheap. Enwell is still tradeable so there is value there, even if it is near historic lows.
Reason i bought was the UNB stake. Thought they would unlock that for multples of the share price. I suppose thats prerty much worthless now its been nationalised for the war effort, but how about when the war ends? Putin appears to be gearing up for an existential fight with the West, so this could grind on indefinitely one way or another.
Russian assets still producing, but will they exit below book value?
Also worrying is if the Russians gain air superiority the war might turn in their favour, and they could hammer infrastructure even more than with just missiles and drones.