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 Oil & Gas takes operatorship of licence P2170

By Josh White

Date: Wednesday 20 May 2020

LONDON (ShareCast) - (Sharecast News) - Jersey Oil & Gas has completed the transaction to acquire operatorship of, and a 70% working interest in, licence P2170, containing blocks 20/5b and 21/1d, from Equinor UK, it announced on Wednesday.
The AIM-traded firm first flagged the potential acquisition on 27 January.

It said consideration consisted of two milestone payments, and a royalty based on volumes produced from the Verbier Upper Jurassic reservoir oil discovery.

The acquisition, which was not subject to upfront cash payments, would provide Jersey with an opportunity to create "significant" value through potentially developing the Verbier discovery as part of the Greater Buchan Area hub, the board explained.

It said licence P2170 also benefited from multiple material exploration prospects, that had high value potential through tie-backs to the proposed new hub.

"I am pleased that Jersey Oil & Gas has completed this important step to acquire an additional interest and operatorship in the Verbier discovery together with material exploration upside to facilitate our plan to develop Verbier as part of our Greater Buchan Area development," said chief executive officer Andrew Benitz.

"We continue to make solid progress on concept select for the Greater Buchan Area and work closely with contractors, other area stakeholders and the OGA on this important project."

At 1019 BST, shares in Jersey Oil & Gas were up 23.31% at 82p.

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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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