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

Jersey-Statoil discovery suggests 'significant potential' remains in UK North Sea

By Ikaba Koyi

Date: Monday 09 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Jersey Oil & Gas has discovered oil as part of side-track drilling activity at a North Sea well over the weekend, claiming an estimated 25-130m barrels of oil equivalent
The oil discovery was made in the Verbier sidetrack well, with the AIM-listed company confirming the presence of oil in the Verbier licence area, of which it holds an 18% working interest.

Initial estimates of gross recoverable resources for the Verbier discovery are for 25-130m barrels of oil equivalent, with a minimum proven recoverable volume in the immediate vicinity of the wellbore of 25m barrels of oil equivalent.

The well showed hydrocarbon accumulation in "good quality sands" which was found up-dip of the water-bearing sands encountered in the initial well.

Evaluation of the well results alongside existing 3D seismic data is ongoing, the company said.

Andrew Benitz, CEO of Jersey Oil & Gas, was naturally delighted. "The well has achieved its objective by encountering good quality, hydrocarbon-bearing sands, up dip from the initial well with the results exceeding pre drill expectations for the sidetrack."

For her part, Jenny Morris, UK vice president for exploration of operator Statoil, commented: "The results show that we made the right decision to sidetrack the well and this discovery proves that there could be significant remaining potential in this mature basin... we are convinced of the remaining, high-value potential on the UK continental shelf and the Verbier result certainly gives us the confidence and determination to continue our exploration efforts."



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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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