JKX repays its last debt tranche, to change CFO

JKX Oil & Gas (JKX LN) has fully repaid its
USD 5.82 mln bond together with a USD 0.38 mln interest, the company reported
on Feb. 20. Following the repayment, JKX becomes debt-free, the company
highlighted. It also reported that the group’s CFO Ben Fraser decided to leave
the company and will be replaced by Dmitry Poddubniy, who acted as CFO in 2017.

Alexander Paraschiy: Taking into account JKX’s end-2019
cash balance of USD 20.5 mln, the company faced no challenge with the smooth
repayment of its latest debt tranche. Therefore, this news is neutral for the
company, as well as news about the CFO replacement. We keep our positive view
on JKX stock.