Jersey Oil And Gas

JOG: 67.54 -4.00 (▼5.67%)

Delayed:2017-09-26 11:31:15
Bid Price 65.00 High Price 71.40
Ask Price 68.00 Low Price 65.00
Open Price 70.50 Spread 4.51%
Prev Close 70.50 Volume 139,309.00

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 an oil and gas exploration business with a geographic focus on the UK Continental Shelf. Founded in 2007, the Company is based in London and was admitted to AIM in 2011. Its objective is to build a diversified production focused North Sea asset portfolio, through the acquisition of non-operated working interests in multiple fields. Security Type Equity

Key numbers

Latest Share Price (p) 66.50 Net Gearing (%) -82.52
Market Cap (£m) 7.01 Gross Gearing (%) 9.10
Shares in issue (m) 9.95 Debt Ratio 0.00
P/E Ratio -7.60 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 3.75
Dividend Cover 0.00 SROCE (%) -42.47
Earning per share (p) -9.28 EPS Growth (%) 68.23
52-week high / low (p) 326.50 / 35.50 DPS Growth (%)

Jersey Oil And Gas Broker Views

Date Broker Rec. Price Old target price New target price Notes
20 Apr Arden Partners Buy 67.54 Retains

Jersey Oil And Gas Director Deals

Jersey Oil And Gas Company News

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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All resolutions passed at AGM of Jersey Oil and Gas

Jersey Oil and Gas has confirmed that all resolutions were passed at today's Annual General Meeting.

At 2:08pm: (LON:JOG) Jersey Oil And Gas Plc share price was +5.5p at 279p

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Jersey Oil & Gas losses narrow

Jersey Oil & Gas's pre-tax losses narrowed to £793,439 in the year to the end of December - down from £1.4m last time.

The group said during the year, the company's revenue-stream ceased.

Previously, this was largely associated with its interest in the Athena oil field.

It said: "As announced in July 2015, we ring-fenced our liabilities to the Athena Consortium with respect to the Athena oil field.

"The result of this was that we subsequently no longer had any real economic exposure to the field and, as a consequence, the group no longer accounts for the income and expenses of the Athena oil field in its results.

"Our cost of sales largely relate to ongoing work on our remaining licence interest P.2170 and our active pursuit of several production asset acquisition targets.

"We were also in receipt of a small refund of just under £90,000 from our insurers in the period, as a result of a return of premiums on various policies and, in addition, the group received a refund of prepaid well costs from the operator on the Niobe exploration well, due to the actual costs of the well having been less than had been billed.

"The company has taken a sharp focus on administration costs over the last couple of years and these costs were lowered further in January 2016, as is reflected in the reduction of such costs compared to the group's 2015 results for the comparable period.

"There are also no exceptional items in the current year (2015 £3.3m)."

At 9:37am: (LON:JOG) Jersey Oil And Gas Plc share price was +17p at 312.5p

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FLASH: Jersey Oil & Gas losses narrow

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JOG confirms date of final results announcement

Jersey Oil & Gas (JOG) has said that the release date for its final results for the year ended 31 December 2016 will be 20 April 2017 and not the date announced previously.

At 1:30pm: (LON:JOG) Jersey Oil And Gas Plc share price was +1p at 318p

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