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
  +2.50p +1.42% 178.00p 133,419 15:10:48
Bid Price Offer Price High Price Low Price Open Price
175.00p 181.00p 179.50p 174.00p 175.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.73 6.49 27.4 35.5

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Date Time Title Posts
16/8/201809:44Jersey Oil and Gas - a new trap ?2,255
10/10/201706:59Oil is Dead82

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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 175.50p.
Jersey Oil&Gas has a 4 week average price of 169.50p and a 12 week average price of 169.50p.
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 70,426 shares. The market capitalisation of Jersey Oil&Gas is £35,512,399.08.
hiddendepths: Let's see, market cap of £39m Tax losses £25m net cash end last year £25.6m Placing at 200p and open offer 94% subscribed at same price. Share price now 178.5p. So worth over £50m, even allowing nothing whatever for 18% of Verbier, partner Statoil. Even if you are a Verbier doubter (and I'm not) looks compelling value to me! Edit: Topped up and apparently moved the offer price!
trulyscrumptious: '... But Mr Slater said Jersey’s “fundamentals” remained sound and that any short-term share price weakness should be viewed as a buying opportunity.' '...The sidetrack well paid off, as it indicated the presence of commercial reserves.'
trendspotting: You have to be careful what people say on here. Getting back to JOG we have analysts stating the delayed appraisal is a minor setback. Share price should not have dropped this low and again it is evident from the buying today that we head back to the 2.10 - 2.20 area: hxxps://
hiddendepths: From malcy's blog today: - Speaking at the Oil Capital Conference yesterday CEO Andrew Benitz confirmed that the rig which will be used to drill the Verbier appraisal is on the high seas and with other commitments is likely to be on site there at the end of the third quarter or beginning of the fourth, subject to other timings. JOG looks in an incredibly strong position at the moment and with both drilling and seismic operations scheduled has significant upside. Maybe end September early October is not the summer but it's a minor slippage in the overall scheme of things, totally out of the company's control, and normal enough in this game. I can hardly wait for this well. I wonder what the share price will be when it spuds!
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.
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://
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.
s1zematters: he thinks JOG share price is related to intra-hour movement in the price of oil? can you be more retarded than that?
daler1966: Not long for good news to push jog share price north again , patients required .
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.
Jersey Oil&Gas share price data is direct from the London Stock Exchange
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