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Jersey Oil And Gas Plc (JOG)
Jersey Oil And Gas Plc (JOG) Share Price

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
	-1.50	-0.77%	192.50	24,517	08:00:26

Bid Price		Offer Price	High Price	Low Price	Open Price
190.00		195.00	192.50	192.50	192.50

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil And Gas Field Expl Svcs	0.00	-4.23	-13.00	-	62.67

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:12:42	O	220	195.00	GBX

Related Shares
Bp (BP.), Harbour Energy (HBR), Curzon Energy (CZN), Echo Energy (ECHO)

Jersey Oil And Gas (JOG) Latest News

Jersey Oil And Gas News

Date	Time	Source	Headline
24/5/2023	14:22	ALNC	Jersey Oil & Gas narrows annual loss and claims "attractive" prospects
24/5/2023	07:00	UKREG	Jersey Oil and Gas PLC Final Results for the Year Ended 31 December 2022
20/4/2023	07:00	UKREG	Jersey Oil and Gas PLC Grant of Share Options
18/4/2023	15:39	UKREG	Jersey Oil and Gas PLC Standard form for notification of major holdings
06/4/2023	10:32	ALNC	AIM WINNERS & LOSERS: Block Energy up as financial position improves
06/4/2023	10:20	ALNC	Jersey Oil & Gas agrees 50% farm-out of Greater Buchan area interest
06/4/2023	07:00	UKREG	Jersey Oil and Gas PLC Greater Buchan Area Farm-out
03/4/2023	11:10	UKREG	Jersey Oil and Gas PLC Standard form for notification of major holdings
31/3/2023	14:05	UKREG	Jersey Oil and Gas PLC Second Price Monitoring Extn
31/3/2023	14:00	UKREG	Jersey Oil and Gas PLC Price Monitoring Extension

More Jersey Oil And Gas News

Jersey Oil And Gas Investors Jersey Oil And Gas Takeover Rumours

Jersey Oil And Gas (JOG) Discussions and Chat

Jersey Oil And Gas Forums and Chat

Date	Time	Title	Posts
06/6/2023	08:47	Jersey Oil and Gas - a new trap ?	5,044
14/4/2023	15:52	Jersey Oil and Gas - North Sea Oil	4,088
30/10/2021	16:59	Don't Lose Your Jersey	-
10/2/2020	18:45	JOG Mind the Gap. Careful of the paid Ramper	44
31/10/2018	10:16	Oil is Dead	84

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Jersey Oil And Gas (JOG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
15:12:43	195.00	220	429.00	O
14:40:09	194.13	1,797	3,488.43	O
14:22:28	194.15	1,542	2,993.79	O
14:18:44	194.15	300	582.45	O
13:50:23	191.50	7,500	14,362.50	O

View all Jersey Oil And Gas trades in real-time

Jersey Oil And Gas (JOG) Top Chat Posts

Top Posts
Posted at 24/5/2023 22:03 by highlyunlikely In case it's of interest, I've set out below the text of a post I made on the other board yesterday, in response to a question Greener had asked about JOG's tax losses. I expanded the subject somewhat - people can form their own views on the assumptions I uaed: "TRAP acquired JOG in 2015 and changed its name to what it is now. The CI company (founded by AB and RL) is now a 100% subsidiary called Jersey Oil & Gas E & P Ltd. At the time the transaction was completed, TRAP (now JOG) had about £25m of unrelieved tax losses available for offset against future profits, in accordance with UK tax laws: https://www.gov.uk/guidance/carry-forward-corporation-tax-losses The Company has added to these losses since 2015, to the extent that the situation was described thus in JOG's 2021 financial statements: "At the year end, the usable tax losses within the Group were approximately £57 million (2020: £46million)". The losses belong exclusively to JOG and not to anyone else - as they always will do. JOG is a stand-alone UK company, regardless of whatever agreements it may enter into with other parties. Looking forward to 2026 (assuming that's the date of first oil from Buchan) my understanding is that, once production is established, the expectation is that production in the range of 30-35kboepd will be achievable. One assumes Neo has bought into this expectation, thereby giving it some measure of validation. Assuming 330 days pa of production @30kboepd, a BC price of $75pb, Opex for JOG of $15pb (there shouldn't be much Capex as JOG will be substantially carried through to production) and JOG managing to retain 20% of the GBA licences, this could lead to a pre-tax profit per annum FOR JOG ALONE of something like $120m pa - or around £100m (significantly more than today's entire market worth) PER ANNUM. Tax, of course, is the big unknown, with both Sunakhunt and Stoma seemingly intent on destroying an industry that is vital for our country's well-being and security. All in the name od cheap votes. JOG's b/fwd tax losses will be a help, but they don't seem to me to be a game changer, given the eventual profitiability of the GBA licences. dyor Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
Posted at 06/4/2023 10:51 by ashkv GBP 6.5 million -> JOG GBP 6.5 million Current Cash with JOG net of liabilities USD 12.5 million -> 50% JOG of $25 million carry to Field Development Plan ("FDP") approval USD 2 million -> $2 million cash payment on completion of the transaction USD 9.4 million -> $9.4 million cash payment upon finalisation of the GBA development solution USD 12.5 million -> $12.5 million cash payment on approval of the Buchan FDP by the NSTA USD 5 million -> $5 million cash payment on each FDP approval by the NSTA in respect of the J2 and Verbier oil discoveries GBPUSD = 1.24 GBP 6.5mn + (USD12.5/1.24) + *USD2mn/1.24) + (USD9.4mn/1.24)+ (USD12.5mn/1.24) + (USD 5mn/1.24) = GBP 30mn Cash with JOG or expected payments within the next 6 months to 24 months So just on the basis of expected cash payments and cash on hand current market cap of GBP 85mn at share price of 260p is GBP 30mn cash or expected cash payment Ridiculously low share price :( Read Full Thread Follow Reply
Posted at 06/4/2023 08:22 by ashkv GBP 6.5 million -> JOG GBP 6.5 million Current Cash with JOG net of liabilities. USD 12.5 million -> 50% JOG of $25 million carry to Field Development Plan ("FDP") approval USD 2 million -> $2 million cash payment on completion of the transaction USD 9.4 million -> $9.4 million cash payment upon finalisation of the GBA development solution USD 12.5 million -> $12.5 million cash payment on approval of the Buchan FDP by the NSTA USD 5 million -> $5 million cash payment on each FDP approval by the NSTA in respect of the J2 and Verbier oil discoveries GBPUSD = 1.24 GBP 6.5mn + (USD12.5/1.24) + *USD2mn/1.24) + (USD9.4mn/1.24)+ (USD12.5mn/1.24) + (USD 5mn/1.24) = GBP 30mn Cash with JOG or expected payments within the next 6 months to 24 months So just on the basis of expected cash payments and cash on hand current market cap of GBP 85mn at share price of 260p is GBP 30mn cash or expected cash payment. Ridiculously low share price :( Read Full Thread Follow Reply
Posted at 06/4/2023 07:36 by ashkv GBP 6.5 million -> JOG GBP 6.5 million Current Cash with JOG net of liabilities. USD 12.5 million -> 50% JOG of $25 million carry to Field Development Plan ("FDP") approval USD 2 million -> $2 million cash payment on completion of the transaction USD 9.4 million -> $9.4 million cash payment upon finalisation of the GBA development solution USD 12.5 million -> $12.5 million cash payment on approval of the Buchan FDP by the NSTA USD 5 million -> $5 million cash payment on each FDP approval by the NSTA in respect of the J2 and Verbier oil discoveries GBPUSD = 1.24 GBP 6.5mn + (USD12.5/1.24) + *USD2mn/1.24) + (USD9.4mn/1.24)+ (USD12.5mn/1.24) + (USD 5mn/1.24) = GBP 30mn So just on the basis of expected cash payments and cash on hand current market cap of GBP 97mn at share price of 298p is GBP 30mn cash or expected cash payment. Ridiculously low share price :( Read Full Thread Follow Reply
Posted at 06/4/2023 07:25 by ashkv Greater Buchan Area Farm-out Thu, 6th Apr 2023 07:00 RNS Number : 5560V Jersey Oil and Gas PLC 06 April 2023 6 April 2023 Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") Greater Buchan Area Farm-out Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that it has agreed to farm-out a 50% interest in the Greater Buchan Area ("GBA") licences to NEO Energy ("NEO"). Highlights § Material value: The transaction delivers material value to JOG, including cash payments, funding through to Field Development Plan ("FDP") approval and a minimum 12.5% development expenditure carry to first oil for the 50% interest retained by the Company § Unlocks GBA resources: Unlocks the route to finalising the GBA development solution and monetisation of resources in excess of 100 million barrels of oil equivalent § Strong industry partner: NEO is a major UK North Sea operator producing approximately 90,000 barrels of oil equivalent per day and is backed by HitecVision, a leading private equity investor focused on Europe's offshore energy industry with $8 billion of assets under management § Value catalysts: Clear path to development sanction and first oil, with opportunity to create further value through additional farm-out transactions § Low carbon development: NEO and JOG are committed to evaluating options to give the GBA development flagship status for its low carbon credentials through the use of existing infrastructure and potential low carbon electrification options Transaction Summary In exchange for entering into definitive agreements to divest a 50% working interest and operatorship in the GBA licences to NEO, the Company will receive: § 12.5% carry of the Buchan field development costs included in the FDP approved by the North Sea Transition Authority ("NSTA"); equivalent to a 1.25 carry ratio § Carry for JOG's 50% share of the estimated $25 million cost to take the Buchan field through to FDP approval § $2 million cash payment on completion of the transaction § $9.4 million cash payment upon finalisation of the GBA development solution § $12.5 million cash payment on approval of the Buchan FDP by the NSTA § $5 million cash payment on each FDP approval by the NSTA in respect of the J2 and Verbier oil discoveries The primary conditions precedent to completing the transaction are receipt of the approvals from the NSTA for the transaction and the associated extension of the Company's two GBA licences. Following completion of the transaction, operatorship of the licences will transfer to NEO. The Company will be working in partnership with NEO to select the preferred development solution, having confirmed a short list of attractive options for the GBA which utilise existing North Sea infrastructure. The unstable fiscal conditions resulting from the introduction and revision of the Energy Profits Levy during 2022 have been challenging. As the joint venture moves forward towards first oil, which is targeted for 2026, it will be mindful of the future fiscal attractiveness of the UK. The Company intends to farm-out additional equity in the GBA licences in order to ultimately retain a 20-25% carried interest in the development following FDP approval. NEO has an option to increase its 50% interest in the Buchan licence by up to an additional 37.5% in exchange for a further cash payment should any of JOG's equity share in the development remain unfunded ahead of FDP submission, with such payment being the pro-rated balance of future cash payments due to JOG post completion in relation to the GBA development solution and Buchan FDP as outlined above. JOG remains well funded for its on-going and planned work programmes, with a cash balance of approximately £6.5 million as at 31 December 2022. It is intended that the cash payments anticipated to be received from NEO following completion of the transaction will be utilised to pursue the Company's stated growth strategy and provide additional working capital for the Company. The Company intends to issue its financial results for the year ended 31 December 2022 in the second half of May 2023. Andrew Benitz, CEO of Jersey Oil & Gas, commented: "We are delighted to announce this transaction with NEO Energy, a well-funded industry heavyweight and the fifth largest producer in the UKCS. The farm-out marks a major value creation moment for JOG, a significant de-risking of the GBA development programme, from both an operational and funding perspective, and provides the springboard from which to grow the long-term value of the business. We are looking forward to working collaboratively with NEO Energy to select the optimal development solution for the GBA and taking the project through to sanction and on into future production." Https://www.londonstockexchange.com/news-article/JOG/greater-buchan-area-farm-out/15907603 Read Full Thread Follow Reply
Posted at 06/4/2023 07:02 by pro_s2009 Greater Buchan Area Farm-out Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that it has agreed to farm-out a 50% interest in the Greater Buchan Area ("GBA") licences to NEO Energy ("NEO"). Highlights -- Material value : The transaction delivers material value to JOG, including cash payments, funding through to Field Development Plan ("FDP") approval and a minimum 12.5% development expenditure carry to first oil for the 50% interest retained by the Company -- Unlocks GBA resources : Unlocks the route to finalising the GBA development solution and monetisation of resources in excess of 100 million barrels of oil equivalent -- Strong industry partner : NEO is a major UK North Sea operator producing approximately 90,000 barrels of oil equivalent per day and is backed by HitecVision, a leading private equity investor focused on Europe's offshore energy industry with $8 billion of assets under management -- Value catalysts : Clear path to development sanction and first oil, with opportunity to create further value through additional farm-out transactions -- Low carbon development : NEO and JOG are committed to evaluating options to give the GBA development flagship status for its low carbon credentials through the use of existing infrastructure and potential low carbon electrification options Transaction Summary In exchange for entering into definitive agreements to divest a 50% working interest and operatorship in the GBA licences to NEO, the Company will receive: -- 12.5% carry of the Buchan field development costs included in the FDP approved by the North Sea Transition Authority ("NSTA"); equivalent to a 1.25 carry ratio -- Carry for JOG's 50% share of the estimated $25 million cost to take the Buchan field through to FDP approval -- $2 million cash payment on completion of the transaction -- $9.4 million cash payment upon finalisation of the GBA development solution -- $12.5 million cash payment on approval of the Buchan FDP by the NSTA -- $5 million cash payment on each FDP approval by the NSTA in respect of the J2 and Verbier oil discoveries The primary conditions precedent to completing the transaction are receipt of the approvals from the NSTA for the transaction and the associated extension of the Company's two GBA licences. Following completion of the transaction, operatorship of the licences will transfer to NEO. The Company will be working in partnership with NEO to select the preferred development solution, having confirmed a short list of attractive options for the GBA which utilise existing North Sea infrastructure. The unstable fiscal conditions resulting from the introduction and revision of the Energy Profits Levy during 2022 have been challenging. As the joint venture moves forward towards first oil, which is targeted for 2026, it will be mindful of the future fiscal attractiveness of the UK. The Company intends to farm-out additional equity in the GBA licences in order to ultimately retain a 20-25% carried interest in the development following FDP approval. NEO has an option to increase its 50% interest in the Buchan licence by up to an additional 37.5% in exchange for a further cash payment should any of JOG's equity share in the development remain unfunded ahead of FDP submission, with such payment being the pro-rated balance of future cash payments due to JOG post completion in relation to the GBA development solution and Buchan FDP as outlined above. JOG remains well funded for its on-going and planned work programmes, with a cash balance of approximately GBP6.5 million as at 31 December 2022. It is intended that the cash payments anticipated to be received from NEO following completion of the transaction will be utilised to pursue the Company's stated growth strategy and provide additional working capital for the Company. The Company intends to issue its financial results for the year ended 31 December 2022 in the second half of May 2023. Andrew Benitz, CEO of Jersey Oil & Gas, commented : "We are delighted to announce this transaction with NEO Energy, a well-funded industry heavyweight and the fifth largest producer in the UKCS. The farm-out marks a major value creation moment for JOG, a significant de-risking of the GBA development programme, from both an operational and funding perspective, and provides the springboard from which to grow the long-term value of the business. We are looking forward to working collaboratively with NEO Energy to select the optimal development solution for the GBA and taking the project through to sanction and on into future production." Read Full Thread Follow Reply
Posted at 03/3/2023 10:02 by ashkv What's with this loser Kakapo1 - seems to be a troll / perma bear on JOG Jersey Oil and Gas - a new trap ? - Post 4702 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 03 Mar 2023 09:31 kakapo1 Oh dear, seems the Equinor Deal with Suncors is causing the sap to rise again. Jersey Oil and Gas - a new trap ? - Post 4667 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 21 Feb 2023 10:43 kakapo1 Investors should carefully consider the caviat that accompanied the November RNS. It is standard wording but gives the company ample room to " get out Jersey Oil and Gas - a new trap ? - Post 4623 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 29 Nov 2022 21:49 Downvotes: 1 kakapo1 CM you claim Equinor were never involved in Verbier? You believe Equinor did not have 1st refusal in GBA? Did you realise it took Equinor less than 3 Jersey Oil and Gas - a new trap ? - Post 4619 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 29 Nov 2022 12:25 Downvotes: 1 kakapo1 Catching Mice what a lulu you are, now talking the price down and then ramping. You need to hone your Trading skills to become a little more subtle. Jersey Oil and Gas - a new trap ? - Post 4609 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 25 Nov 2022 11:59 Downvotes: 1 kakapo1 CM check the date of my post and where the share price was. The share price started its dramatic fall on the 21st and has continued to tank since, which suite you well, Jersey Oil and Gas - a new trap ? - Post 4607 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 20 Nov 2022 18:51 Upvotes: 2 kakapo1 Avoid or not the can is in perpetual motion, is being kicked down the road. Meanwhile the execs continue to draw exorbitant salaries which is burning Jersey Oil and Gas - North Sea Oil - Post 4019 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 23 Sep 2022 09:05 Upvotes: 1 Downvotes: 2 kakapo1 Words can be mesmerizingly bullish; it is actions that prove their worth. Jersey Oil and Gas - North Sea Oil - Post 4015 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 22 Sep 2022 15:04 Upvotes: 1 kakapo1 Readers and shareholders should refresh their memory by perusing the RNS of June 2021 and subsequent ones regarding GBA. Promises promises Jersey Oil and Gas - North Sea Oil - Post 4012 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 22 Sep 2022 07:41 kakapo1 Has AB bitten off more than he can chew? The saga continues. The dialogue subtly changes when words like "encouraging" are used! This situation (F/O) Jersey Oil and Gas - a new trap ? - Post 4512 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 14 Sep 2022 13:14 Upvotes: 2 Downvotes: 1 kakapo1 Seems PI's on the other board are becoming impatient and nervious, with good reason. They are beginning to realise in the current environment a F/O Read Full Thread Follow Reply
Posted at 01/3/2023 16:10 by ashkv Shocking share price performance with a new 52 week low... Given what offshore wells cost to drill in the UK Continental Shelf... How the heck can a firm justify drilling in UK waters/joining the recent licensing round --> given the share price JOG is languishing with a paltry market value of GBP 50 million for an asset as described below - that has been proven up and progressed to FID!!! "The Company holds a significant, and 100% owned, acreage position within the Central North Sea which it is progressing as the Greater Buchan Area (“GBA”) Development Project and includes the Buchan oil field, the J2 and Verbier oil discoveries in addition to a number of drill ready exploration opportunities. JOG’s GBA acreage is estimated by management to contain 190 million barrels of oil equivalent (“MMboe”) of discovered P50 recoverable resources net to JOG, in addition to significant exploration upside potential of approximately 220 MMboe of prospective resources in close proximity to the Company’s planned Buchan platform." "Phased GBA development plan – Phase 1 Buchan 2C resources >100MMb" - Given net cash on JOG's balance sheet - reserves trading at less than USD 0.50 cents... ridiculous :( 52 Week High 357.50 52 Week High Date 04-Oct-2022 52 Week Low 158.00 52 Week Low Date 01-Mar-2023 Read Full Thread Follow Reply
Posted at 01/12/2022 15:27 by nestoframpers JOG share price is so bouncy it is bound to attract voices from either side of the fence . I go with CM myself , look at the presentations. Material asset base across multiple reservoirs – >150MMbbl 2C resources1 ▪ Drill-ready exploration potential, >160MMbbl unrisked2 ▪ 100% GBA equity provides control and flexibility to achieve farm-out goals GBA – one of the few remaining large-scale, development-ready UK North Sea oil fields Multiple factors aligned to make the GBA a highly-prized investment opportunity GBA farm-out key to maximising shareholder value hTtps://wp-jerseyoilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/05/JOG-Corporate-Presentation-May-2022-.pdf Read Full Thread Follow Reply

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