Jersey Oil And Gas

JOG: 185.89 -3.00 (▼1.59%)

Delayed:2018-02-16 16:57:15
Bid Price 184.00 High Price 190.00
Ask Price 187.00 Low Price 183.15
Open Price 190.00 Spread 1.62%
Prev Close 185.50 Volume 46,803.00

Jersey Oil And Gas Share Price Chart


Historic - 1 year

Jersey Oil And Gas Share Price Information

Name Jersey Oil And Gas Epic JOG
Sector Oil & Gas Producers ISIN GB00BYN5YK77
Activites Jersey Oil & Gas plc (formerly Trap Oil Group plc) is a UK E&P Company focused on building a production focused company in the North Sea. The Company owns an 18 per cent. interest in the P.2170 Verbier licence, Blocks 20/5b & 21/1d, Inner Moray Firth in which the operator Statoil (U.K.) Limited owns a 70% interest and CIECO V&C (UK) Limited owns a 12% interest. The Company plans to build a production portfolio via acquisitions coinciding with the cyclical recovery in the oil price and the current opportune buying market in the North Sea. The Company is involved in multiple sales processes and intends to draw on its management team's considerable experience, knowledge and expertise to deliver shareholder value from its stated production acquisition strategy. Security Type Equity

Key numbers

Latest Share Price (p) 185.50 Net Gearing (%) -82.52
Market Cap (£m) 39.73 Gross Gearing (%) 9.10
Shares in issue (m) 21.83 Debt Ratio 0.00
P/E Ratio -19.61 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.10
Dividend Yield (%) 0.00 Price to book value 21.25
Dividend Cover 0.00 SROCE (%) -42.47
Earning per share (p) -9.28 EPS Growth (%) 68.23
52-week high / low (p) 358.00 / 46.25 DPS Growth (%)

Jersey Oil And Gas Broker Views

Date Broker Rec. Price Old target price New target price Notes
20 Apr Arden Partners Buy 185.89 Retains

Jersey Oil And Gas Director Deals

Jersey Oil And Gas Company News

Jersey Oil & Gas and partners advance North Sea well programme

Jersey Oil & Gas said its partners developing the Verbier oil discovery and Cortina prospect in the North Sea had approved a work programme and budget for 2018.

The approved work included an appraisal of the recent Verbier oil discovery and contingent well planning including the acquisition of a site survey to progress exploration activity on the licence area, the company said.

Negotiations were advanced with respect to contracting a rig for the Verbier appraisal well programme, which plans for one well and an option for a sidetrack well, to be drilled in summer 2018.

At 1:51pm: (LON:JOG) Jersey Oil And Gas Plc share price was -9.5p at 216p

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Jersey Oil & Gas to raise up to £24m

Jersey Oil & Gas intends to raise £20m through a placing of shares at a minimum price of 200p apiece and up to £4m through a subscription offer.

It said the proceeds would be used to fund the expected Verbier appraisal programme and Cortina exploration drilling, following the recent oil discovery in the Verbier side-track well, 20/05b-13Z.

The proceeds would also be used to strengthen the company's balance sheet as it continued to pursue its production focused acquisition strategy in the UKCS.

Chief executive Andrew Benitz said: 'Jersey Oil & Gas is in a unique position with an 18 per cent. interest in Licence P.2170 containing the Verbier oil discovery which Statoil, the operator, initially estimates has gross recoverable resources of between 25 and 130MMboe, with a minimum proven recoverable volume in the immediate vicinity of the wellbore of 25 MMboe.

'Evaluation of the well results alongside the existing 3D seismic data is ongoing and today's placing ensures that we are able to fund our working interest in this highly attractive licence once the appraisal drilling programme is confirmed by the operator.

'Alongside this we have a strong pipeline of asset opportunities and are encouraged by the active deal flow in the North Sea.

'The additional funds will allow us to maintain our balance sheet strength as we continue to pursue a production-led acquisition strategy within the UKCS.'

At 8:06am: (LON:JOG) Jersey Oil And Gas Plc share price was -30.5p at 223.5p

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Miners weigh on FTSE

Weakness in the mining sector weighed on the FTSE 100, which was struggling to gain positive momentum at 7,507.

Rio Tinto (RIO), Anglo American (AAL) and Glencore (GLEN) dipped by up to 1.5% each.

Brent crude oil slipped 0.6% to $55.28 per barrel. Gold glittered at $1,279 per ounce and copper was stable at $3.01 per pound.


Wound care specialist Smith & Nephew (SN.) announced that chief executive Olivier Bohuon will retire by the end of 2018 after seven years at the helm. Shares at the firm nudged 1.2% lower to £13.75 as the company commenced the search for his successor.

Gold miner Centamin (CEY) hit record total production from its Sukari gold mine in Egypt for the quarter to the end of September, although the shares only gained 1.9% to 148.2p.

Investors were reassured by insurer Lancashire's (LRE) projected claims from hurricanes Harvey, Irma and Maria, as well as two earthquakes in Mexico. According to management, net losses from the events were anticipated at $106m and $212m, helping the stock advance 1% to 669p.


Newspaper publisher Trinity Mirror (TNI) was resilient at 83.7p despite a steep decline in third-quarter sales. On a like-for-like basis, revenue fell by 8% in the third quarter, but this was better than a 9% fall in the first half.

On AIM, Jersey Oil & Gas (JOG) catapulted 329% to 240.3p following its partner Statoil's announcement of a sidetrack well on the Verbier prospect in the North Sea could have 130 million barrels of oil. The company had earlier lost 80% of its value after a previous well on Verbier proved unsuccessful.

Power component supplier XP Power (XPP) upgraded its full-year guidance thanks to a 34% rise in revenue for the first nine months of 2017, pushing the stock 7.6% higher to £30.88.

Market research firm YouGov (YOU) ticked 2.5% higher to 300p on a 43% rise in full year profit amid buoyant demand for its market research services.

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JOG confirms oil find at Verbier sidetrack

Jersey Oil & Gas has announced an oil discovery in the Verbier sidetrack well, 20/05b-13Z.

The well has been drilled safely and within budget to the planned total depth of 3811m and a suite of log data has been acquired via logging while drilling, including pressure data.

It said that preliminary analysis indicated:

- The well has proven a hydrocarbon accumulation in good quality sands, up dip of the water bearing sands encountered in the initial well

- Initial operator estimates of gross recoverable resources associated with the Verbier discovery are between 25 and 130 million barrels of oil equivalent, with a minimum proven recoverable volume in the immediate vicinity of the wellbore of 25 million barrels of oil equivalent

In addition to confirming the presence of oil in the Verbier prospect, this discovery provides valuable information to help better understand the prospectivity of the licence area, which includes the Cortina prospect and the Meribel lead. JOG holds an 18% working interest in the licence.

Chief executive Andrew Benitz said: 'We are delighted by the positive outcome of the Verbier sidetrack.

'The well has achieved its objective by encountering good quality, hydrocarbon-bearing sands, up dip from the initial well with the results exceeding pre drill expectations for the sidetrack.'

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Drilling starts on Verbier prospect, says JOG

Jersey Oil & Gas has announced that drilling operations have started on well 20/05b-13 on UK seaward licence P.2170, blocks 20/5b & 21/1d.

It said drilling of the exploration well would test the Verbier prospect, located within the P.2170 licence area, using the semi-submersible rig Transocean Spitsbergen.

It said the drilling programme which, depending on the results of the initial well, might include a side-track well, was expected to take up to 70 days.

The group said Statoil (UK) - operator of the P.2170 licence - would fund all costs up to US$25m in respect of the exploration well.

JOG said it also benefited from a further cash carry of 10% of well costs from its co-venturer CIECO Exploration and Production (UK) Limited.

The co-venturers in the P.2170 licence and their respective interests are: Statoil 70%, JOG 18% and CIECO 12%.

Chief executive Andrew Benitz said: "We are pleased to announce that drilling operations on the Verbier prospect have now commenced.

"The Verbier prospect is estimated to have mean prospective resources of 162MMBOE and has the potential to add considerable value to our joint venture partnership."

At 9:24am: (LON:JOG) Jersey Oil And Gas Plc share price was -2p at 241.5p

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