JOG has released its 2016 results, reporting a cash holding of £1.9m at the end of 2016. This funds overheads into Q1 2018, and we today update our valuation, with risked NAV moving 173p/share to 192p/share and unrisked NAV from 887p/share to 1,044p/share (details below). Over the rest of 2017 the company will continue to pursue its dual strategy – drilling the Verbier exploration well and pursuing production acquisitions in the North Sea. JV partner Statoil recently secured a rig
20 Apr 2017
2016 results
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2016 results
Jersey Oil & Gas PLC (JOG:LON) | 154 0.8 0.3% | Mkt Cap: 50.5m
- Published:
20 Apr 2017 -
Author:
Daniel Slater, CFA -
Pages:
3
JOG has released its 2016 results, reporting a cash holding of £1.9m at the end of 2016. This funds overheads into Q1 2018, and we today update our valuation, with risked NAV moving 173p/share to 192p/share and unrisked NAV from 887p/share to 1,044p/share (details below). Over the rest of 2017 the company will continue to pursue its dual strategy – drilling the Verbier exploration well and pursuing production acquisitions in the North Sea. JV partner Statoil recently secured a rig