JOG has announced its 2018 results. These report an end 2018 cash holding of £19.8m, in line with our £19.7m forecast. We expect current cash to be around the £12.5m level post CAPEX spending on the recent Verbier appraisal well. EBITDA for 2018 was £2.1m, compared with our £2.2m forecast. Capex guidance for 2019 is reset from £10-11m to £6- 7m post the recent Verbier appraisal well. We have already adjusted our 2019 forecasts for the lower CAPEX, so
20 May 2019
2018 results
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2018 results
Jersey Oil & Gas PLC (JOG:LON) | 155 1.6 0.6% | Mkt Cap: 50.6m
- Published:
20 May 2019 -
Author:
Daniel Slater, CFA -
Pages:
4
JOG has announced its 2018 results. These report an end 2018 cash holding of £19.8m, in line with our £19.7m forecast. We expect current cash to be around the £12.5m level post CAPEX spending on the recent Verbier appraisal well. EBITDA for 2018 was £2.1m, compared with our £2.2m forecast. Capex guidance for 2019 is reset from £10-11m to £6- 7m post the recent Verbier appraisal well. We have already adjusted our 2019 forecasts for the lower CAPEX, so