Share Name Share Symbol Market Type Share ISIN Share Description
Jersey Oil&Gas LSE:JOG London Ordinary Share GB00BYN5YK77 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +10.00p +4.52% 231.00p 143,994 15:09:56
Bid Price Offer Price High Price Low Price Open Price
230.00p 232.00p 232.00p 221.50p 221.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 0.7 6.5 35.6 46.09

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Date Time Title Posts
24/5/201817:56Jersey Oil and Gas - a new trap ?2,108
10/10/201706:59Oil is Dead82

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DateSubject
27/5/2018
09:20
Jersey Oil&Gas Daily Update: Jersey Oil&Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JOG. The last closing price for Jersey Oil&Gas was 221p.
Jersey Oil&Gas has a 4 week average price of 205p and a 12 week average price of 174.50p.
The 1 year high share price is 399p while the 1 year low share price is currently 30.50p.
There are currently 19,950,786 shares in issue and the average daily traded volume is 148,944 shares. The market capitalisation of Jersey Oil&Gas is £46,086,315.66.
23/5/2018
16:32
tromso1: That article came out well over a month ago on 17th April so the news in it has been known by the market since then. It hasn't stopped the share price moving from around 180p on 17th April to a high of nearly 260p on 15th May. The current share price pullback is just natural profit taking from that rise. This is going very much higher in the weeks ahead.
23/5/2018
16:20
timw3: HTTPS://www.energyvoice.com/oilandgas/north-sea/168895/port-of-cromarty-firth-welcomes-700th-rig/ West Phoenix Two months repairs, after that they are drilling in Norway for 2-3 months. Looks like autumn for verbier. Share price says the same.
01/5/2018
09:46
ssrover: Oh dear. any sign of delays will not be good for the share price
27/4/2018
20:54
mirabeau: Jersey Oil & Gas reveals robust financials and exciting development plans ahead of summer drill (JOG) by ValueTheMarkets • April 27, 2018 Jersey Oil & Gas (LSE:JOG) rose slightly yesterday after its results revealed a robust financial position ahead of a potentially game-changing summer drill and provided an update on the company’s future expansion plans. Jersey’s shares have recovered well over recent weeks and there is a plenty of speculation they have the potential to move higher. To what extent do yesterday’s numbers underpin this view? In its results for the year ended 31 December 2017, Jersey reported a profit of £727,000 up from a loss of £793,000 in 2016. Most importantly, as a result of a £24m raise in October, the firm also reported cash at year-end 2017 of just over £25m, up from £1.9m at the beginning of the year. Furthermore, Jersey said it has no debt, administrative expenses of just £1.7m, and that cash made from operating activities (£2m) outstripped cash used to fund investing activities (£1.3m), meaning cash burn is not a critical issue. This cash balance and lack of liabilities leave Jersey well positioned to fund its P2170 2018 work programme, which it expects to cost between £9m and £11m. Jersey owns an 18pc stake in the P2170 licence in the North Sea alongside Statoil and Cieco. Last year, its share price soared by a remarkable 500pc when a side-track well on P2170’s Verbier discovery revealed an estimated gross recoverable resource of between 25MM and 130MM barrels of oil equivalent. Chiefly, this year’s work will involve an appraisal programme over the summer to determine the potential of Verbier, including the drilling of an appraisal well. The anticipated remaining cash balance after the appraisal well also gives Jersey plenty of room to begin work on its plans to build a production portfolio via both organic development and acquisitions in line with strengthening oil prices. It already has other exploration opportunities at P2170- the Cortina prospect has mean estimated recoverable resources of up to 123MMboe and the Meribel lead has mean estimated recoverable resources of 13MMboe. The business has also previously said Verbier had given it a better understanding of the ‘prospectivity’ of P2170 leading it to plan further exploration both within and beyond the licence, while also preparing additional wells. Yesterday, Jersey said it has continued to engage with multiple vendors in connection with the acquisition of producing assets, although it is sensitive about equity dilution in the run-up to the Verbier appraisal. It said some potential transactions have reached very advanced stages of negotiation but have not completed for ‘quite different, deal-related reasons’. It added that its stronger balance sheet is likely to provide vendors with greater confidence in its ability to execute on potential acquisitions and give it the resources to carry out its own studies on prospects. Andrew Benitz, chief executive of Jersey Oil & Gas, said: ‘2017 has been a significant and exciting year for Jersey Oil and Gas and has been the culmination of years of hard work by the company. Our exploration drilling programme on our highly exciting Verbier prospect in October delivered a stand out discovery in the North Sea which we look forward to appraising this summer. Our successful fundraising in October has meant that the company is well funded for the upcoming work programme on the P2170 licence. The board and I look forward to 2018 from a position of optimism and would like to thank shareholders for their ongoing support and look forward to updating them on further progress.’ Question of value Following its results, Jersey’s shares rose 1.2pc, or 2.5p, to 210.50p, giving it a market cap of £45.4m. With the results putting the firm’s net current assets at around £25m, the market still seems to be undervaluing the prospects of the organisation’s assets. To illustrate the point, in February, Jersey said its 18pc stake of Verbier’s notional net present value (NPV10) was worth £31.2m in the low-case scenario, £49.3m in the mid-case and £196.7m in the high case. Things look even better when you add on the business’s cut of the notional NPV10 of Cortina and Meribel. As seen in the chart below, collectively, the three sites are expected to make JOG £83.7m in the low-case scenario, £130.2m in the mid-case, and £400.5m in the high case. table diagram Again, these estimates are notional and made using the current Brent strip curve and Jersey’s indicative development and production cost estimates. But, regardless, with a current market cap of just £45m Jersey is looking undervalued by these estimates. When ValueTheMarkets spoke to Benitz last month, he told us it is likely that some investors are sitting on the sidelines ‘waiting patiently’ for the lead up to Jersey’s summer drill before buying, holding back shares: ‘As we get closer to the drilling campaign I would like to think there will be more activity in the shares. We are not trading significantly off the placing price; we are treading water. Personally, I read that as there being happy, patient shareholders waiting for the main catalyst of our story, which is the appraisal well programme.’ At that point, shares were sitting at 186p, below Jersey’s 200p placing price in October and well below the heights of 358p it reached on the day of the Verbier discovery. Shares have since risen and are now clear of the placing price, but Benitz’s points still stand – many people may be waiting to see what happens at the Verbier appraisal before buying into the rest of the company’s estimates. If that’s the case, it could be worth having a punt now before any significant news over the summer. end HTTP://www.valuethemarkets.com/index.php/2018/04/27/jersey-oil-gas-reveals-robust-financials-exciting-development-plans-ahead-summer-drill-jog/
19/4/2018
00:31
cielos: Excuse my o/t not a holder of JOG yet, only following so far for a good entry price. Some are very good to criticise posters, but is anyone over here able to predict, when a share price will change direction and move up? I have done some research today after the big spat on the thread, and find out some outstanding success. Someone here has done 3 times -UPS- since last December on JOG meaning the share price is ready to go up, and did go higher after the post, so he does know his onions on the timing front.
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?
03/2/2018
14:39
boystown: It's an encouraging view from the presentation. I was just re-reading an article from October which had this to say following the Verbier sidetrack discovery but before the placing... -- Broker WH Ireland said the fact this is the only truly meaningful development for Jersey since initiating coverage in January, suggests "the market dynamics have created an extraordinary buying opportunity". It slapped a 441p target price on the stock. Investors took the hint and Jersey shares surged as much as 435% to over 300p. Jersey's still trading well below the record high reached in April after drilling of the well was announced. A setback occurred last month when the drill failed and JOG said it did not expect a sidetrack to be forthcoming and that the well would likely be plugged and abandoned. Alongside this, another of its interested prospects encountered no hydrocarbons and was abandoned. That had a "preponderantly negative effect on the share price", WH Ireland's Brendan Long points out with the stock initially plunging two-thirds to 75p from 220p the day before. Today's news supersedes that failure, in Long's view. It's a big turn of events for Jersey and, while many investors will still be nursing paper losses had they bought above £3, things are starting to look up. Now, it's "a strong-conviction buy" for Long. That's "due to an attractive valuation for buyers today combined with the company's positive value creation trajectory". His price target, which implies further upside of almost 50%, is based on the mid-point of the potential find, 77.5 million barrels of oil, which results in a 588p valuation. "However, to reflect the early stage of the analysis we have included only half of that value in our TP," explains Long. He further adds 141p for the Cortina prospects, "reflecting circa 15% of the best estimate success-case valuation based on our assumptions". Long hopes his estimates are conservative, meaning there could be plenty more gains to come. That said, it's bound to be a rocky road and he admits it will take time for the market to fully recognise the materiality of the discovery. ------- My own conservative estimate of value was c.£5 per share as explained in post 935 above - again pre-placing -in which I partook. My plan now, FWIW, is to sell half if and when we reach £4, but also to buy more if we hit 180p (albeit highly unlikely but you never know!) before we get any further real news in the summer.
20/11/2017
19:20
daler1966: Not long for good news to push jog share price north again , patients required .
14/11/2017
11:54
mirabeau: Why Jersey Oil is still an 'extraordinary buying opportunity' By David Brenchley | Mon, 9th October 2017 - 13:42 Share this Why Jersey Oil is still an 'extraordinary buying opportunity' It's not every day a share multiplies fourfold in just one day, but AIM tiddler Jersey Oil & Gas (JOG) has joined this exclusive club with an incredible rally following the discovery of oil at its North Sea Verbier Sidetrack Well. Initial estimates from operator Statoil suggest the well, based in the outer Moray Firth, contains anywhere between 25 million and 130 million barrels of oil. Additionally, Jersey tells us, "this discovery provides valuable information to help better understand the prospectivity of the licence area", which also contains the Cortina prospect and Meribel lead. JOG has an 18% working interest in the license. Jenny Morris, vice president for UK exploration at Statoil, said the find shows sidetracking the well was "the right decision". "This discovery proves that there could be significant remaining potential in this mature basin," she added. Broker WH Ireland said the fact this is the only truly meaningful development for Jersey since initiating coverage in January, suggests "the market dynamics have created an extraordinary buying opportunity". It slapped a 441p target price on the stock. Investors took the hint and Jersey shares surged as much as 435% to over 300p. Jersey's still trading well below the record high reached in April after drilling of the well was announced. A setback occurred last month when the drill failed and JOG said it did not expect a sidetrack to be forthcoming and that the well would likely be plugged and abandoned. Alongside this, another of its interested prospects encountered no hydrocarbons and was abandoned. That had a "preponderantly negative effect on the share price", WH Ireland's Brendan Long points out with the stock initially plunging two-thirds to 75p from 220p the day before. Today's news supersedes that failure, in Long's view. It's a big turn of events for Jersey and, while many investors will still be nursing paper losses had they bought above £3, things are starting to look up. Now, it's "a strong-conviction buy" for Long. That's "due to an attractive valuation for buyers today combined with the company's positive value creation trajectory". His price target, which implies further upside of almost 50%, is based on the mid-point of the potential find, 77.5 million barrels of oil, which results in a 588p valuation. "However, to reflect the early stage of the analysis we have included only half of that value in our TP," explains Long. He further adds 141p for the Cortina prospects, "reflecting circa 15% of the best estimate success-case valuation based on our assumptions". Long hopes his estimates are conservative, meaning there could be plenty more gains to come. That said, it's bound to be a rocky road and he admits it will take time for the market to fully recognise the materiality of the discovery.
20/10/2017
15:47
neilhume1: [...] Jersey Oil & Gas and President Energy placings are ‘no brainers’ - expert Share 10:56 20 Oct 2017 Malcolm Graham Wood says Jersey Oil & Gas's move to raise £24mln is a 'very wise' move. oil and gas operations The books will close on the share placings later today The market has been presented with not one but two ‘no brainer’ investment opportunities on Friday, according to oil companies expert Malcom Graham Wood. Jersey Oil & Gas Plc (LON:JOG) and President Energy PLC (LON:PPC) both opened the books on separate equity funding efforts this morning, and the analyst strongly endorsed the placings via Twitter. Follow Malcolm Graham-Wood @mgrahamwood Two giveaways this morning, no brainers from JOG and PPC, the words fill and your boots come to mind...... 8:36 AM - Oct 20, 2017 · Guildford, England 4 4 Replies 1 1 Retweet 11 11 likes Twitter Ads info and privacy READ: Jersey Oil & Gas to raise £24mln in anticipation of new Verbier drilling In his daily blog, meanwhile, he said: “One of the worst kept secrets was that JOG was on the road and looking for money, mainly as it is so much of a no-brainer. “With a fantastic discovery at Verbier, and operator Statoil looking to appraise the 25-130m as well as a likely exploration well on the already de-risked Cortina prospect, a raise now is perfect timing.” Graham Wood noted that any delay in raising funds would have spooked the market, he described the proposed raise as “very wise indeed.” He added: “At 200p the offer is in my view so much of a giveaway that I wouldn’t be surprised to see an announcement very soon that it has been massively oversubscribed at this level. “Also it should be borne in mind that JOG is still looking for UKCS production opportunities and strengthening the balance sheet at this time is no bad idea. Longer term this will be viewed as a chance not to have missed.” The analyst reckons a target price should be pitched at ‘roughly’; five times the current share price.
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