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JOG Jersey Oil And Gas Plc

58.50
-0.50 (-0.85%)
03 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jersey Oil And Gas Plc LSE:JOG London Ordinary Share GB00BYN5YK77 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.85% 58.50 37,053 10:01:17
Bid Price Offer Price High Price Low Price Open Price
57.00 60.00 59.00 58.50 59.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs -5.6M -0.1713 -3.42 19.27M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:47:49 O 203 59.50 GBX

Jersey Oil And Gas (JOG) Latest News

Jersey Oil And Gas (JOG) Discussions and Chat

Jersey Oil And Gas Forums and Chat

Date Time Title Posts
03/10/202410:54Jersey Oil and Gas - a new trap ?5,450
03/10/202410:50Jersey Oil and Gas - North Sea Oil4,194
30/10/202116:59Don't Lose Your Jersey-
10/2/202018:45JOG Mind the Gap. Careful of the paid Ramper44
31/10/201810:16Oil is Dead84

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Jersey Oil And Gas (JOG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-03 13:47:5059.50203120.79O
2024-10-03 13:00:1058.605,0002,930.00UT
2024-10-03 10:48:0659.50750446.25O
2024-10-03 10:41:5557.10450256.95O
2024-10-03 09:04:4157.10689393.42O

Jersey Oil And Gas (JOG) Top Chat Posts

Top Posts
Posted at 03/10/2024 09:20 by Jersey Oil And Gas Daily Update
Jersey Oil And Gas Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker JOG. The last closing price for Jersey Oil And Gas was 59p.
Jersey Oil And Gas currently has 32,667,627 shares in issue. The market capitalisation of Jersey Oil And Gas is £19,110,562.
Jersey Oil And Gas has a price to earnings ratio (PE ratio) of -3.42.
This morning JOG shares opened at 59p
Posted at 02/9/2024 08:22 by ashkv
2 months prior / End June cash was GBP 13mn

Given now it is September and the cash burn / share price should trade close to or below cash.

30p or thereabouts would be my re-entry price for JOG!

Even than JOG has all the hallmarks of another AIM debalce E&P firm BLVN Bowleven!!!
Posted at 29/8/2024 16:58 by bones698
Your mistake is believing politicians have any common sense plus I'd they were to change their mind eventually it will be to late for the deal struck and so would likely need to find a new one or renegotiate the one they had . The risks have increased again and so the terms not as favourable if that comes to pass .

My view is this is done ,they put all their eggs on one basket and will pay the price now .the cash will get spent paying wages for nothing commercial and a very long waiting game here . Better options elsewhere as the share price drifts lower and lower as time passes .
Posted at 14/8/2024 13:34 by chessman2
Without doubt, JOG will go a lot higher as the Chancellor cannot afford to lose the income from the Buchan field.

All should be clear after the September/October statement.

JOG continues to be worth much more - the MMs will eventually have to value JOG accordingly.
Posted at 30/7/2024 10:41 by kakapo1
Was warning a while ago JOG is good for traders with the roller coaster share price Unfortuneately serious Long term investors have been encouraged by some rather clever and dubious posters to support this highly questionable company which goes back to the failed exploration of Verbier. Now the Political dynamic is making a hammer blow to finish most if not not minor Oil co's in the North sea. There is a school of thought Labour is crucifying the North Sea for the way Thatcher ended Coal-mining. Think about it?
Posted at 14/6/2024 11:42 by ashkv
Their was a recent notification from JOG that its partners are awaiting clarity on the fiscal regime for O&G per the new Government prior to proceeding to FID!!!

Labour manifesto published yesterday was onerous in relation to UK's O&G sector and increased the probability that JOG's partners Neo Energy and Serica might back out. SQZ I would think backs out as it has a new CEO starting in July who didn't onboard the deal. Prior full time CEO Mitch Flegg was a UK focused CEO - and didn't look favorably on deals that might require travel and disrupt his golf routine!!!

bubloo13 Jun '24 - 22:23 - 5332 of 5333
0 0 0
Can the more learned investors here please let me know if Jersey needs a licence to explore. I was under the impression they already have a licence and Labour's manifesto mentions it will honour previous licences.

so what is the reason, release of labour's manifesto has caused such a drop in share price. I have a very small position and could not figure out the reason for today's drop. I'am being daft here
thx for any help
Posted at 13/5/2024 17:10 by value hound
Update from Simon Thompson:

Jersey Oil & Gas still has multi-bagger potential

nnual results from North Sea-focused upstream oil and gas company Jersey Oil & Gas (JOG:146.5p) highlight the value being created for shareholders through the double farm-outs of its Greater Buchan Area (GBA) project even if the share price fails to reflect it.

In April 2023, Jersey handed over operatorship of the project to its new partner, NEO Energy, and subsequently divested a further 30 per cent working interest on identical terms with Serica Energy (SQZ). It means Jersey retains a 20 per cent fully carried interest in the redevelopment project to first oil.

Assuming the necessary regulatory approvals are received in the second half of 2024, Jersey will receive a further $20mn (£16mn) from its partners on the approval of the Buchan Field Development Plan. It will boost net cash to £26mn (80p) by the year-end, a sum that represents more than half of the company’s market capitalisation of £48mn. Effectively, the 20 per cent fully carried interest is in the price for £22mn even though underlying annual cash burn has been cut from £4mn to £3mn, so Jersey is well funded until first production in late 2026.

To put the company’s undervaluation into some perspective, the Buchan field is forecast to bring more than 70mn barrels of oil equivalent (boe) into production (95 per cent oil). Based on a Brent Crude price of $70 a barrel, analysts expect peak daily production of 35,000 barrels of oil to generate more than $100mn of annual cash flow net to Jersey.

Political threat of higher oil tax regime over-rated

The chronic undervaluation reflects the current negative sentiment towards the UK oil and gas industry, which is being further undermined by the potential for further fiscal uncertainty. It looks misplaced.

Analyst Daniel Slater at broking house Zeus Capital notes that, assuming Labour forms the next UK government, it will find it very challenging to make UK oil and gas taxes even less favourable than they are currently. Slater believes that Labour is more likely to act to maintain the current tax burden at worst, and more likely to map out a route to reducing it, with clarity on this issue paving the way for increased UK oil and gas capital spending.

Analyst Brendan Long at brokerage WH Ireland points out that the UK government’s fiscal and policy support for the oil and gas sector is likely to be constructive. That’s because in the evolving geopolitical context, encouraging oil and natural gas exports from Iran and Russia (notwithstanding sanctions) while frustrating lower-carbon domestic oil and gas projects, which provide significant tax contributions and generate thousands of high-paying domestic jobs, is untenable. Long also highlights the increased fiscal precarity of the UK and the country’s developing balance of payments challenges.

Depending on the result of the US elections later this year, global energy politics could lead to the next UK government implementing a more logical and coherent energy strategy that is supportive of domestic oil and gas projects. That’s because the US is funding the war in Ukraine against Russia in support of Nato members that are importing Russian oil and natural gas. This is both illogical and untenable, says Long.

True, the negative sentiment towards the UK oil and gas industry has driven Jersey's share price down from 365p when the first farm-out was announced in April 2023 to well below the 205p entry level in my 2019 Bargain Shares portfolio. However, priced on a 76 per cent discount to the average risked net asset values of Zeus (616p), WH Ireland (705p) and Cavendish (534p), bottom fishers should be well rewarded from this deep value play. Buy.
Posted at 04/12/2023 07:47 by ashkv
Sell overvalued and highly uncertain long term future JOG and move into JSE.

Please note this tip!!!



Superlative update and would hope for a solid bounce - but with oil market sentiment in the doldrums... might be a gift of a top up opportunity.

At a share price of 35p Jadestone Energy has an Enterprise Value of a measly USD 233million for TWENTY THOUSAND BARRELS OF CURRENT PRODUCTION WITH 27 to 30 Thousand Barrels of production likely on Akatara plateau in Q3 2024!!

Compare this with Enterprise Value per barrel of Enquest and Harbour in super high tax UK and even highly leveraged Tullow that produces offshore Banana Republics!!!

JSE Share Price: 35.00p
Brent: $78.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 66.67%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -62.45%
Shares Outstanding: 540,693,017
GBPUSD: 1.2700
4 Dec 23 RNS Revised Upward Range Q2-Q4 2023 Average Production Mid-Guidance (14,500 - 15,000 Boe/d from APR 23 to DEC 23 ): 14,750
Jadestone Production Average from 1 Jan 23 to 4 Dec 23: 13,500
Current Production -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 30 June 23: $111,000,000
Cash (USD) 30 June 2023: $118,782,000
Net Cash (USD) 30 June 2023 : $7,782,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $124,000,000
Market Cap (GBP); £189,242,556
Market Cap (USD): $240,338,046
ENTERPRISE VALUE (USD): $232,556,046
EV/Barrel(USD) Revised Upward per 4 Dec 23 RNS Mid-Guidance for Q2-Q4 2023 Average Production: $15,767
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $17,226
EV/Barrel(USD) -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): $11,628
EV/Barrel(USD) 2022 Actual Average Production: $20,245
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $9,690
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $40,361
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.59
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 13 July 23: 74.50p
% Upside to 12 Month Analyst Target Price: 112.86%
Posted at 27/11/2023 10:48 by ashkv
Compare JOG to Star Energy / IGAS (charts are incorrect as new IGAS sticker STAR - gives price history for prior firm with STAR ticker)

EV/2P of $1.10 - JOG multiples of the same and not even a producing firm!!!

New low for STAR today - surely given the market cap / enterprise value management should institute share buybacks / or at least a tender offer for 10% holder that has been selling down in trickles... rather than divert cash to long gestation geothermal projects that the market appears to value at Negative NPV!!!!

EV/2P at 1.10p with a 8.51p share price... unreal!!!

STAR Share Price: 8.51p
Brent: $79.43
STAR Current Share Price vs 52 Week low of 8.57p on 27 Nov 23: 0.00%
STAR Current Share Price vs 52 Week High of 25p on 12 Jan 23: -65.96%
Total Voting Rights: 128,092,404
Market Cap GBP: £10,900,664
GBPUSD: 1.26
Market Cap USD: $13,734,836
Net Debt-GBP (30 June 23): £4,000,000
Net Debt-USD (31 July 23): $5,040,000
Enterprise Value (USD): $18,774,836
STAR Actual Production Average Up to 30 June 23/Half Year 23 (Boe/d) 2,071
STAR Production Guidance (Boe/d) 2,000
STAR/IGAS Actual Average Production 2022: 1,898
EV/BARREL- Actual Avg Production Up to 30 June 23/HY 23 (Boe/d) $9,066
EV/BARREL-USD FY 2023 Guidance: $9,387
Decommissioning Provision HY 2023 Results (GBP): £63,991,000
Decommissioning Provision HY 2023 Results (USD): $80,628,660
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $49,702
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.10

Interesting analysis of Star Energy / IGAS - at 11.6p the video creator has a Price / Book of Star Energy of 0.2 and at current/today's new 52 week low of 8.52p the Price / Book would translate to 0.15!!! Unreal!!!

STOCK ANALYSIS UPDATE - Star Energy by Rogue Trader


STAR ENERGY GROUP PLC - Croatian Geothermal Acquisition
Investor Meet Company 22 Sep 2023
The below is the most recent company presentation by STAR Energy / Prior IGAS
Posted at 30/7/2023 12:33 by pcok
Sounds like Sunak and Shapps will promote a powering up Britain from Britain policy this week. As an investor I want JOG to be valued realistically but obviously this is dependent on Government policy going forward. I completely accept that we have to move away from fossil fuels asap but there is a transition period to manage and simply banning North Sea oil in favour of Saudi or other suppliers does not seem to satisfy our national security needs or any green agenda. Although it may be unpopular with some sections of the electorate, including my children, I recognise there is a role yet for home oil and gas producers in the energy supply mix for some time yet. I conclude there is an excellent chance the JOG share price is about to respond positively to these new policy announcements.
Posted at 30/4/2023 08:28 by loglorry1
Terrible article and factually incorrect. There was no $24m minimum contribution from NEO. NEO have only committed $2m. JOG share price sold off because the farm out was a huge disappointmentment.
Jersey Oil And Gas share price data is direct from the London Stock Exchange

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