JOG announced in July that the expected spud date for its Verbier appraisal well had moved from late Q3/early Q4 2018, to mid/late Q4 2018. This has led to a degree of weakness in the price, with the shares now trading down at 180p. In our view, this is a good opportunity to gain exposure to the JOG investment case at an attractive price.
06 Sep 2018
Shares at bargain levels
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Shares at bargain levels
Jersey Oil & Gas PLC (JOG:LON) | 162 20.3 8.4% | Mkt Cap: 52.9m
- Published:
06 Sep 2018 -
Author:
Daniel Slater, CFA -
Pages:
4
JOG announced in July that the expected spud date for its Verbier appraisal well had moved from late Q3/early Q4 2018, to mid/late Q4 2018. This has led to a degree of weakness in the price, with the shares now trading down at 180p. In our view, this is a good opportunity to gain exposure to the JOG investment case at an attractive price.