JOG has been transformed by its recent Verbier discovery on P2170 (JOG 18%, operator Statoil) and £23.8m fundraise. We now anticipate further drilling on P2170 starting in H2 2018, and JOG’s share should now be fully funded. Results of the full analyses of the Verbier result (including updated resources), confirmation of the new work programme and then the wells themselves provide a string of catalysts. Production acquisitions also continue to be targeted. Based upon the value of
10 Nov 2017
Jersey Royal
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Jersey Royal
Jersey Oil & Gas PLC (JOG:LON) | 154 0 0.0% | Mkt Cap: 50.3m
- Published:
10 Nov 2017 -
Author:
Daniel Slater, CFA -
Pages:
20
JOG has been transformed by its recent Verbier discovery on P2170 (JOG 18%, operator Statoil) and £23.8m fundraise. We now anticipate further drilling on P2170 starting in H2 2018, and JOG’s share should now be fully funded. Results of the full analyses of the Verbier result (including updated resources), confirmation of the new work programme and then the wells themselves provide a string of catalysts. Production acquisitions also continue to be targeted. Based upon the value of