Jersey Oil And Gas Share Price (JOG)

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
	-2.00	-1.11%	177.50	34,738	16:21:21

Bid Price		Offer Price	High Price	Low Price	Open Price
175.00		180.00	179.50	177.50	179.50

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers		-0.61	-9.15		35

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:18:08	O	3,045	176.00	GBX

Related Shares
Bp (BP.), Royal Dutch Shell (RDSA), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Jersey Oil And Gas (JOG) Latest News

Jersey Oil And Gas News

Date	Time	Source	Headline
13/8/2019	18:15	UKREG	Jersey Oil and Gas PLC Director's Dealing and Shareholding
24/7/2019	15:26	UKREG	Jersey Oil and Gas PLC Holding(s) in Company
23/7/2019	15:13	UKREG	Jersey Oil and Gas PLC Director Dealing
23/7/2019	09:00	UKREG	Jersey Oil and Gas PLC Price Monitoring Extension
22/7/2019	15:28	ALNC	DIRECTOR DEALINGS: Jersey Oil & Gas CFO And COO Acquire Shares
22/7/2019	15:11	UKREG	Jersey Oil and Gas PLC Directors' Dealings
22/7/2019	09:28	ALNC	Jersey Oil & Gas Awarded Three UK Offshore Blocks; Shares Up 51%
22/7/2019	07:53	ALNCF	Alliance News Flash Headline
22/7/2019	07:00	UKREG	Jersey Oil and Gas PLC Offshore Licensing Round Awards & Option Agreement
27/6/2019	17:27	UKREG	Jersey Oil and Gas PLC Holding(s) in Company

More Jersey Oil And Gas News

Jersey Oil And Gas Takeover Rumours

Jersey Oil And Gas (JOG) Share Charts

1 Year Jersey Oil And Gas Chart

1 Month Jersey Oil And Gas Chart

Intraday Jersey Oil And Gas Chart

Jersey Oil And Gas (JOG) Discussions and Chat

Jersey Oil And Gas Forums and Chat

Date	Time	Title	Posts
20/8/2019	23:39	Jersey Oil and Gas - North Sea Oil	2,357
30/7/2019	11:13	Jersey Oil and Gas - a new trap ?	2,766
22/7/2019	18:06	JOG Mind the Gap. Careful of the paid Ramper	36
31/10/2018	10:16	Oil is Dead	84

Add a New Thread

Jersey Oil And Gas (JOG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2019-08-20 15:18:09	176.00	3,045	5,359.20	O
2019-08-20 15:04:29	177.90	1,403	2,495.94	O
2019-08-20 14:28:46	177.00	231	408.87	O
2019-08-20 12:38:47	177.90	6	10.67	O
2019-08-20 12:05:48	176.00	5,685	10,005.60	O

View all Jersey Oil And Gas trades in real-time

Jersey Oil And Gas (JOG) Top Chat Posts

Date	Subject
20/8/2019 09:20	Jersey Oil And Gas Daily Update: Jersey Oil And Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JOG. The last closing price for Jersey Oil And Gas was 179.50p. Jersey Oil And Gas Plc has a 4 week average price of 157p and a 12 week average price of 56.50p. The 1 year high share price is 253.50p while the 1 year low share price is currently 56.50p. There are currently 19,950,786 shares in issue and the average daily traded volume is 83,389 shares. The market capitalisation of Jersey Oil And Gas Plc is £35,412,645.15. Read Full Thread Reply
09/8/2019 15:45	captain james t kirk: rogerlin I agree that Equinor have made no firm commitment to extend the exploration programme but why would they before the new data is assessed: "JOG is pleased to advise that Equinor UK Limited ("Equinor"), as the committed operator of the P2170 Licence, has confirmed to the co-venturers that it will complete the already planned full re-evaluation of the licence area, combining the recent appraisal well results and data collected during operations with the fully processed 3D broadband seismic data, acquired in 2018 and which is expected to be delivered in June 2019, in order to better understand the reservoir distribution of the primary target. The evaluation will also include an assessment of additional prospectivity in the deeper targets and the other previously identified exploration opportunities, including Cortina, before making a recommendation to the co-venturers on a potential future appraisal/exploration programme." Interesting that JOG included "committed operator" in that rns statement. They have already made a considerable ongoing investment in the area and this has resulted in a minimum 25 million barrel recoverable discovery. Why walk away, particularly when there is now a further 52.5 million barrels on offer, giving them about 70 million in total. There was an OGA question and answer session for interested parties last November, for the 31st SLR and one of the concerns raised was that the companies were not being given enough time to evaluate the data made available by the OGA to them. I suspect, given their relationship and the fact that JOG had already been working on the project for around 18 months, that Equinor were happy to let JOG continue to do the leg work. The 50/50 deal was obviously struck well before the award of the new licence to JOG. I disagree with your view that without Equinor JOG would have no means of exploiting the assets. They have clearly submitted an approved application to the OGA and that would have included financing of the project, without the participation of Equinor. That said, the involvement of Equinor will be a big plus, giving both financial and purchasing muscle to the project. An affirmative decision should lead to an upward trajectory in the share price. I wouldn't be surprised if they also became the overall operator of the Greater Buchan Area hub. I don't see the sense of Equinor running P2170 and JOG running the rest, particularly given the proximity, with as an instance J2 overlapping the two licences. As always only time will tell. edit; There was a pod cast a few months ago and when the OGA CEO asked Jenny Morris what does one do when things do not come up as expected (re Verbier) she replied that we come back even more determined than before. That's hardly throwing in the towel type talk. Have a listen to Ms Morris at 4 mins 35 secs in and at 6 mins 40 secs in she actually makes reference to working with small, nimble, flexible type companies. Like JOG perhaps : hTTps://www.ogauthority.co.uk/news-publications/media-library/oga-podcasts/ "Revitalising Exploration in the UKCS." Read Full Thread Follow Reply
02/8/2019 03:48	pro_s2009: Just to give some figures for reference. The House Broker believes : Current cash level is 15m GBP. JOG to end 2019 with 10m GBP cash. Unrisked NAV is 2462 pence per share - reducing to 1231 pence per share when Equinor take their 50% (current share price only just over 200 pence per share) Risked NAV of 1074 pence per share - reducing to 537 pence a share when Equinor take their 50%. JOG have the funds for the FDP and also a well on p2170 in 2020. Drilling plans for 2020 should be known by end of 2019. CPR will be coming in Q4 2019. In effect, what I take, keep on accumulating JOG shares and when Equinor exercise their option in the coming months the share price should move up much closer to the Risked NAV of 537 pence a share post Equinor option. Q4 will see the CPR released and also drilling plans for 2020 and so Q4 should also see a significant uplift to the Risked NAV from 537p up to ??? and so the share price should rise as well with that. Basically, anything below 300p should see a decent profit when Equinor take the option in a month or two and should rise further come Q4 and the CPR/drilling plans. Broker current target price pre-Equinor taking their option is 450p. Read Full Thread Follow Reply
30/7/2019 01:42	pro_s2009: I think another of AB's Multiple Catalysts for an increasing share price will be when they "shock" the market that they can bring oil production on line without the need for a new platform or FPSO....just tie in to existing infrastructure, therefore meaning its all very low cost. And with that will be more deals, more news.....more upside to the JOG share price. As the article states, potentially 300 MMBO recoverable, potentially a lot more than that with Cortina and Meribel and Verbier upside, potentially all low cost to bring on line, with already proven net to JOG of 104.5MMBO. I do think there will be lots of news in the coming 6 months culminating in a CPR in December. Read Full Thread Follow Reply
22/7/2019 23:46	pro_s2009: IC Recap on the JOG news: https://www.investorschronicle.co.uk/comment/2019/07/22/jersey-gushes-higher-on-transformational-licensing-award/ Jersey gushes higher on transformational licensing award by Simon Thompson (JOG:137p), a UK North Sea-focused upstream oil and gas company that owns an 18 per cent interest in the P2170 licence (Blocks 20/5b & 21/1d), Outer Moray Firth, which contains the Verbier oil discovery, has been awarded three blocks in UK Oil & Gas Authority’s 31st Supplementary Offshore Licensing Round. I anticipated this would happen when I reiterated my buy stance, at 63p, a couple of months ago(‘Share price catalysts on Jersey’s horizon’, 20 May 2019). Jersey's share price has surged by 86 per cent on today’s licensing awards. That’s because it is a transformational development for the company and one that has prompted analyst Daniel Slater at house broker Arden Partners to almost double his target price from 230p to 450p based on a risked net asset value (NAV) estimate of 537p a share, using a US$65 a barrel long-term oil price. That’s because the acreage awarded to Jersey in the licensing round includes the Buchan oil field that was discovered by BP in the mid-1970s and came onstream in 1981. Production continued until May 2017, when the Buchan Alpha platform was no longer compliant with the current Safety Case, by which point a total of 148m barrels had been produced. Buchan oil is a light 33.5° API oil with a low gas-oil ratio (GOR) GOR (285 scf/bbl), a term that quantifies the amount of gas dissolved in the oil. Jersey estimates that over 80m barrels of recoverable oil volumes remain to be produced from the field. The field was not developed by previous owner, Repsol Sinopec, but is development ready. In addition, Jersey has been awarded 100 per cent working interests and ownership of Buchan Andrew, an undeveloped discovery above the main Devonian Buchan reservoir, and J2 Sgiath, an undeveloped discovery. These discoveries are estimated to have unrisked gross recoverable mean resources of 20m and 3m barrels, respectively, according to Jersey management and independent work completed by Rockflow Resources on behalf of the company. And here’s the really smart part of today’s announcement. Jersey has entered into a three month option agreement under which Equinor, the is operator of Verbier, has been granted an option over a 50 per cent equity interest in respect of the two blocks containing the Buchan oil field and J2 oil discovery. Should the option be exercised, Jersey will act as licence operator and Equinor will reimburse the company for its 50 per cent share of costs in relation to the licence applications. The plan is to submit a field development plan (FDP) to encompass initial redevelopment of Buchan (including new wells), followed by a tie-in with the nearby J2 discovery and Verbier. Subject to funding, first oil is targeted for 2024 and Jersey’s current net cash position of £15m (Arden estimate) should fund it through the FDP process depending on any further drilling that may occur on P2170. The point being that prior to these three awards, Jersey’s net share of the Verbier discovery was estimated at 4.5m barrels of oil equivalent (boe). Today’s awards add an estimated 105m boe of discovered resources net to Jersey, making this “the most significant event for the company since its inception”, says chief executive Andrew Benitz. I completely agree. Furthermore, Jersey’s interests in other blocks in the Greater Buchan Area hold in excess of 300m barrels of oil equivalent (boe) mean prospective resources. These include Jersey’s nearby Cortina prospect on the P2170 licence which has a minimum resource of 39m boe and a risked NAV of $25m (85p a share) based on Arden’s analysis. Importantly, Jersey’s management maintain their view that that Verbier is commercially viable at the lower end of the initial resource estimate of 25m to 130m barrels of oil equivalent (boe). Today’s licensing awards mean that progression of the Buchan development is likely to be highly supportive of the development of Verbier too, a field that Mr Slater at Arden attributes a risked value of $37m (125p a share) in his aforementioned risked NAV estimate of 537p (unrisked NAV estimate of 1,231p a share). In other words, although Jersey’s oil price surged this morning, the value in Verbier, Cortina and all the other Buchan oil fields are effectively in the price of just 69p a share given that Jersey’s net cash pile is estimated to be 68p a share. True, Jersey’s share price has been volatile this year and is stillthe laggard in my market beating 2019 Bargain Share Portfolio. However, the investment risk looks heavily skewed to the upside given the likelihood of a raft of positive news flow emerging in the next six months as the company makes progress on commercialising its acreage. That’s because Equinor can be expected to exercise its option on the Buchan Blocks before the end of October, thus improving the chances that the fields will be developed; a new competent person’s report should be filed in the fourth quarter this year; and we can expect a decision on the 2020 work programme onthe P2170 licence (Blocks 20/5b & 21/1d), Outer Moray Firth, before the year-end, too. All of these announcements have potential to materially lower Jersey’s unwarranted 74 per cent share price discount to analysts’ risked NAV estimates. Strong buy. Read Full Thread Follow Reply
22/7/2019 14:17	mirabeau: Jersey gushes higher on transformational licensing award Simon Thompson (JOG:137p), a UK North Sea-focused upstream oil and gas company that owns an 18 per cent interest in the P2170 licence (Blocks 20/5b & 21/1d), Outer Moray Firth, which contains the Verbier oil discovery, has been awarded three blocks in UK Oil & Gas Authority’s 31st Supplementary Offshore Licensing Round. I anticipated this would happen when I reiterated my buy stance, at 63p, a couple of months ago(‘Share price catalysts on Jersey’s horizon’, 20 May 2019). Jersey's share price has surged by 86 per cent on today’s licensing awards. That’s because it is a transformational development for the company and one that has prompted analyst Daniel Slater at house broker Arden Partners to almost double his target price from 230p to 450p based on a risked net asset value (NAV) estimate of 537p a share, using a US$65 a barrel long-term oil price. That’s because the acreage awarded to Jersey in the licensing round includes the Buchan oil field that was discovered by BP in the mid-1970s and came onstream in 1981. Production continued until May 2017, when the Buchan Alpha platform was no longer compliant with the current Safety Case, by which point a total of 148m barrels had been produced. Buchan oil is a light 33.5° API oil with a low gas-oil ratio (GOR) GOR (285 scf/bbl), a term that quantifies the amount of gas dissolved in the oil. Jersey estimates that over 80m barrels of recoverable oil volumes remain to be produced from the field. The field was not developed by previous owner, Repsol Sinopec, but is development ready. In addition, Jersey has been awarded 100 per cent working interests and ownership of Buchan Andrew, an undeveloped discovery above the main Devonian Buchan reservoir, and J2 Sgiath, an undeveloped discovery. These discoveries are estimated to have unrisked gross recoverable mean resources of 20m and 3m barrels, respectively, according to Jersey management and independent work completed by Rockflow Resources on behalf of the company. And here’s the really smart part of today’s announcement. Jersey has entered into a three month option agreement under which Equinor, the is operator of Verbier, has been granted an option over a 50 per cent equity interest in respect of the two blocks containing the Buchan oil field and J2 oil discovery. Should the option be exercised, Jersey will act as licence operator and Equinor will reimburse the company for its 50 per cent share of costs in relation to the licence applications. The plan is to submit a field development plan (FDP) to encompass initial redevelopment of Buchan (including new wells), followed by a tie-in with the nearby J2 discovery and Verbier. Subject to funding, first oil is targeted for 2024 and Jersey’s current net cash position of £15m (Arden estimate) should fund it through the FDP process depending on any further drilling that may occur on P2170. The point being that prior to these three awards, Jersey’s net share of the Verbier discovery was estimated at 4.5m barrels of oil equivalent (boe). Today’s awards add an estimated 105m boe of discovered resources net to Jersey, making this “the most significant event for the company since its inception”, says chief executive Andrew Benitz. I completely agree. Furthermore, Jersey’s interests in other blocks in the Greater Buchan Area hold in excess of 300m barrels of oil equivalent (boe) mean prospective resources. These include Jersey’s nearby Cortina prospect on the P2170 licence which has a minimum resource of 39m boe and a risked NAV of $25m (85p a share) based on Arden’s analysis. Importantly, Jersey’s management maintain their view that that Verbier is commercially viable at the lower end of the initial resource estimate of 25m to 130m barrels of oil equivalent (boe). Today’s licensing awards mean that progression of the Buchan development is likely to be highly supportive of the development of Verbier too, a field that Mr Slater at Arden attributes a risked value of $37m (125p a share) in his aforementioned risked NAV estimate of 537p (unrisked NAV estimate of 1,231p a share). In other words, although Jersey’s oil price surged this morning, the value in Verbier, Cortina and all the other Buchan oil fields are effectively in the price of just 69p a share given that Jersey’s net cash pile is estimated to be 68p a share. True, Jersey’s share price has been volatile this year and is stillthe laggard in my market beating 2019 Bargain Share Portfolio. However, the investment risk looks heavily skewed to the upside given the likelihood of a raft of positive news flow emerging in the next six months as the company makes progress on commercialising its acreage. That’s because Equinor can be expected to exercise its option on the Buchan Blocks before the end of October, thus improving the chances that the fields will be developed; a new competent person’s report should be filed in the fourth quarter this year; and we can expect a decision on the 2020 work programme onthe P2170 licence (Blocks 20/5b & 21/1d), Outer Moray Firth, before the year-end, too. All of these announcements have potential to materially lower Jersey’s unwarranted 74 per cent share price discount to analysts’ risked NAV estimates. Strong buy. Read Full Thread Follow Reply
02/6/2019 06:13	mariopeter: The first June 2019 post. We have entered the month that JOG et al receive the full share price on the license as the full blown seismic arrives. Since Equinor have the West Phoenix rig booked until November (we have a determined partner in Equinor), don't be too surprised if we have a further drill on the license this year. The timing will likely depend on the seismic and how it blends with the last disappointing and surprising drill result. Do note that the rig is again drilling for Equinor in close proximity to our license. Equinor have not said where the rig is to be used after the current drill. The geometry is a tad tricky in this area of the North Sea but Equinor are unphased by that particularly if you study their behaviour in the North Sea. As an example here is an extract from their recent North Sea discovery: "Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well. Recoverable resources are estimated at 6-25 million barrels of oil equivalent. “We are pleased to start the new year by announcing a new discovery. Exploring for resources close to existing infrastructure is a central part of Equinor’s strategy to further develop the Norwegian continental shelf (NCS). We need this kind of discoveries in the years to come,” says Nick Ashton, Equinor’s senior vice president for Norway and the UK." For those who feel that our minimum of 25 mmbo in Verbier is non-commercial it is time to reread the announcements about the discovery where the JOG board clearly deem the find as commercial. This view is no doubt heavily influenced by Equinor which is wholly consistent with their statement extracted above which I note has an upper limit of 25 mmbo which happens to be the same as the Verbier lower limit. It is all a question of time to prove up the discovery at Verbier and my point is this could happen sooner than we expect. No doubt if we are to drill again then JOG may need to raise some more funds but I would suspect that would be higher than the last fund raise which was at £2. It will take very little to get the share price up significantly. This is all seismic dependant but we know from the accelerated seismic report that the full report will show more targets not less. In addition we will likely have further share price action when the Oil and Gas Authority announce their awards of the 31st and the Supplemental 31st round licenses. With new extraction techniques the "Hub" looks realistic and there are puddles of oil up for grabs and some pretty big. The current JOG share price which equals the uncommitted cash in the bank per share is a great point of entry but not likely to be there for much longer.It wont be long before the chart breaks the 78p resistance and heads to the 90 something pence resistance point. Add in some announcements this Summer and the share may very well shoot straight back up over £2+. The story will unfold but perhaps much quicker than the market thinks in my opinion. Read Full Thread Follow Reply
26/2/2019 07:42	robo175: It's worth reposting this for people looking to invest here and new share holders, obviously written when the share price was just inder £2 pound. Jersey Oil & Gas (JOG) Aim: Share price: 199p Bid-offer spread: 197-199p Market value: Â£43.4m Website: jerseyoilandgas.com Itâ€T82;s shaping up to be a pivotal year for shareholders inJersey Oil & Gas (JOG), a British independent North Sea-focused upstream oil and gas company that owns an 18 per cent interest in the P2170 licence (Blocks 20/5b & 21/1d), Outer Moray Firth, in which the operator, Equinor UK (formerly known as Statoil), owns a 70 per cent interest and CIECO V&C UK owns a 12 per cent interest. Thatâ€™s because drilling of an appraisal well on the partners' flagship Verbier discovery in Block 20/5b is scheduled for the first quarter this year as part of Equinorâ€;™s larger drilling campaign. Initial operator estimates suggest gross recoverable resources associated with the Verbier discovery of between 25m and 130m barrels of oil equivalent (boe) with an estimated mean of 69mboe. The purpose of the appraisal well is to accurately determine the potential volume range in the discovery. Internal management estimates of the value potential for the estimated recoverable oil volume ranges, together with an opinion that all outcomes are potentially commercially viable, suggest a net present value (NPV) in excess of Â£30m could be attributable to Jersey Oil and Gas at the low end of the range, and a NPV in the order of Â£200m at the top end. Neither of these scenarios factor in the additional valuation upside potential of the Cortina prospect, located on the licensed acreage, which is estimated to hold mean prospective resources of 124mboe, or for that matter additional prospectivity across the licence area. Verbier offers material upside potential In fact, when Jersey Oil and Gas doubled its size by raising Â£23.7m in a placing and open offer of shares, at 200p, in October 2017 to part-fund its share of the drilling costs on Verbier, management estimates for gross recoverable resources attributable to Jersey Oil and Gas across all of the P2170 licence prospects (Verbier, Cortina and Meribel) ranged from 70mboe in the low case scenario to 273m in the upside case. This corresponds to an unrisked NAV of Â£83.7m attributable to Jersey Oil and Gas in the low case scenario, rising to Â£400m at the top end of the range. To put these large sums into perspective, analyst Brendan Long at broking house WH Ireland estimates that Verbierâ€;™s gross recoverable resources alone could be around 77.5mboe in a mid-case scenario of which 14mboe are attributable to Jersey Oil and Gas. The company has 21.8m shares in issue and a fully diluted share capital of 23.4m shares after taking into account 1.6m options, which if exercised would raise Â£2.5m cash for the company. Based on the fully diluted share capital, Mr Long estimates that Verbier could have an unrisked NPV of Â£97.8m â€“; a sum worth 417p a share and more than double the companyâ€;™s current share price â€“; attributable to Jersey Oil & Gas based on $7 per barrel of oil and factoring in first production in the second half of 2021. Balancing risk and reward Of course nothing is guaranteed in the oil exploration industry, but with net cash of Â£22m at the end of June 2018 â€“; more than double its Â£9m to Â£11m share of the cost of drilling the Verbier appraisal well (of which Â£7m to Â£8m will be expensed in the 2018 financial year) â€“; then even if the prospect only has 25mboe of gross recoverable resources, representing the low end of the estimated range, this is still worth Â£30m to Jersey Oil and Gas shareholders. That sum and surplus net cash of Â£11m on the balance sheet after expensing the appraisal drilling costs virtually backs up 100 per cent of the companyâ€;™s current market value of Â£43.4m. This means that, based on some very conservative assumptions, Jersey Oil and Gasâ€482;s interests in both the Cortina and Meribel prospects are effectively in the price for free. Moreover, if the company hits pay dirt on Verbier, then there will be a positive read-across for prospectivity across both Cortina and Meribel. Management estimates suggest that the companyâ€;™s share of an exploration well on the Cortina prospect, if drilled, would be around Â£6m. Newsflow from the appraisal well aside, expect the partners to deliver a fully processed data set from a 3D seismic survey over the licence area during the second quarter of this year. This has potential to add further substance to its commercial viability. True, drilling of the Verbier appraisal well was pushed back from the fourth quarter last year to the first quarter this year, but it made sense to do so. Thatâ€™s because the partners now have access (prior to drilling) to the fast-track data analysis of the newly shot 3D seismic survey completed in December 2018. An optimised well location is clearly beneficial when drilling an appraisal well. Interesting director appointment and notable shareholder interests Interestingly, Jersey Oil and Gas appointed a new financial officer in mid-November 2018, Vicary Gibbs. He has over 20 years' experience as a corporate financier advising oil and gas companies on mergers and acquisitions, capital-raising and restructuring transactions. In the past couple of years, Mr Gibbs has acted as an independent oil and gas consultant, providing advice to Jersey Oil and Gas, so has in-depth knowledge of the company. Prior to this, he worked at Canaccord Genuity Hawkpoint Limited, Bank of America and Deutsche Bank, so has significant experience in corporate finance, too. The cash backing of Jersey Oil and Gas aside, the directors have material skin in the game. Chairman Andrew Benitz owns 627,142 shares, or 2.9 per cent of the share capital, and chief operating officer Ron Lansdell holds 900,000 shares, or 4.1 per cent of the share capital. Also, institutions Schroders and Legal & General hold 17 per cent stakes, having taken these positions at the time of the autumn 2017 equity raise at 200p, highlighting significant backing from institutions with a decent track record. Trading on a Bargain Share rating of 0.49, and on half of analystsâ̈́4;™ risked fair value estimates of 401p a share, Jersey Oil and Gasâ€482;s shares offer significant upside potential if the Verbier appraisal well delivers. Buy. Read Full Thread Follow Reply
25/2/2019 03:08	pro_s2009: Verbier is presently a minimum of 25 MMBO recoverable based on the immediate vicinity of the discovery well. A good appraisal well should move the minimum up from 25 MMBO to say 75 MMBO. So the new range of recoverable oil would then be 75 MMBO to 135 MMBO with a good appraisal well. However the new 3D is also key as the upper side could increase as well and that will also help increase the minimum. Based on circa 220p for the current minimum size of 25 MMBO, if a good appraisal well lifts the minimum up to say 75 MMBO recoverable then that would indicate a minimum JOG share price of around 660p but that also may rise as the confidence in Verbier would be very much increased and of course, Cortina is there as well. The average North Sea field size being developed now is around 20 MMBO recoverable, so Verbier is already big enough just on the discovery well immediate area, but it could turn into a very big field if this appraisal well is good and the 3D also helps to unravel the trap. Exciting times. Read Full Thread Follow Reply
18/4/2018 15:18	s1zematters: he thinks JOG share price is related to intra-hour movement in the price of oil? can you be more retarded than that? Read Full Thread Follow Reply
20/11/2017 19:20	daler1966: Not long for good news to push jog share price north again , patients required . Read Full Thread Follow Reply

Jersey Oil And Gas share price data is direct from the London Stock Exchange

Your Recent History

LSE

JOG

Jersey Oil..

Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

ADVFN UK Investors Hub ADVFN Italy ADVFN Australia ADVFN Brazil

ADVFN Canada ADVFN Germany ADVFN Japan ADVFN Mexico

ADVFN France ADVFN US Finance Manila

P: V: D:20190821 03:35:07