JOG has released its H1 2017 results, reporting corporate overheads of £758k and an expectation of a £1.8m cash holding post drilling of the Verbier sidetrack. This was in line with our expectations. The key focus for the stock in the short-term remains the currently-drilling Verbier sidetrack well. Were this to be successful we would expect it to be very positive for the company. JOG also continues to pursue its acquisition strategy, where it is finding that the North Sea M&A
28 Sep 2017
H1 2017 results
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H1 2017 results
Jersey Oil & Gas PLC (JOG:LON) | 164 22.9 9.4% | Mkt Cap: 53.4m
- Published:
28 Sep 2017 -
Author:
Daniel Slater, CFA -
Pages:
3
JOG has released its H1 2017 results, reporting corporate overheads of £758k and an expectation of a £1.8m cash holding post drilling of the Verbier sidetrack. This was in line with our expectations. The key focus for the stock in the short-term remains the currently-drilling Verbier sidetrack well. Were this to be successful we would expect it to be very positive for the company. JOG also continues to pursue its acquisition strategy, where it is finding that the North Sea M&A