JKX 2006

Mainly to pay the CGT which arose on the exercising of the options exercised. The net effect was a significant increase in Director shareholdings.

Currently Russian and Ukrainian interests hold about 40% of JKX. The Ukrainian interests may be susceptible to Russian influence.

Glengary Overseas 26%
Interneft 7%
Naftogas 7%

This position hasn't changed in about 6 months, but JKX's production is likely to have increased substantially, and its share price is down about 25%!

655p was my competition entry, of course, although I think anything below 450p would be a bargain for a bidder.