Jersey Oil and Gas (JOG)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

162.00p
   
  • Change Today:
      12.50p
  • 52 Week High: 332.00
  • 52 Week Low: 149.20
  • Currency: UK Pounds
  • Shares Issued: 32.67m
  • Volume: 337,346
  • Market Cap: £52.92m
  • RiskGrade: 453

Transocean signed to drill Verbier prospect

By Josh White

Date: Tuesday 04 Apr 2017

LONDON (ShareCast) - (ShareCast News) - North Sea-focussed independent upstream oil and gas company Jersey Oil & Gas announced that Statoil - operator of UK Seaward Licence P.2170, blocks 20/5b & 21/1d - awarded a contract to Transocean Drilling UK for the semisubmersible rig Transocean Spitsbergen.
The Transocean Spitsbergen rig would drill the Verbier prospect on the P.2170 licence in the Central North Sea, and the Verbier well would be part of a Statoil operated three-well drilling programme, with the Verbier planned to be drilled in summer 2017.

Jersey said the Verbier prospect, in which it held an 18% interest, was located in Blocks 20/5b & 21/1d.

The recently-announced competent person's report undertaken by ERC Equipoise estimated gross mean prospective resources attributable to the P.2170 Licence to be 162 MMboe for the Verbier prospect.

Statoil will fund all costs up to $25m in respect of the Verbier well, in addition to which Jersey would benefit from an additional carry of 10% from co-venturer CIECO Exploration and Production, in respect of the well programme related costs.

"We are very pleased to announce that Statoil has contracted the rig, Transocean Spitsbergen, to drill the Verbier prospect in summer of this year," said Statoil CEO Andrew Benitz.

"Confirmation of this contract is the culmination of a great deal of technical work by the Joint Venture partnership and we are grateful for the support received from our shareholders during this time."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JOG Market Data

Currency UK Pounds
Share Price 162.00p
Change Today 12.50p
% Change 8.36 %
52 Week High 332.00
52 Week Low 149.20
Volume 337,346
Shares Issued 32.67m
Market Cap £52.92m
RiskGrade 453

JOG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.99% below the market average8.99% below the market average8.99% below the market average8.99% below the market average8.99% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Price Trend
34.86% below the market average34.86% below the market average34.86% below the market average34.86% below the market average34.86% below the market average
19.51% above the sector average19.51% above the sector average19.51% above the sector average19.51% above the sector average19.51% above the sector average
Income Not Available
Growth Not Available

JOG Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:28 1,387 @ 162.12p
16:23 2,000 @ 161.00p
16:15 6,208 @ 161.00p
16:15 613 @ 161.00p
16:07 2,000 @ 160.50p

JOG Key Personnel

CEO Jason Andrew Benitz
CFO Graham Forbes

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