Jersey Oil and Gas (“JOG”) is a UK E&P company focused on the North Sea. It holds 18% in the P2170 licence where it is participating in a Statoil funded and operated exploration well in summer 2017. The company is also planning to build a 10mbbl/d production portfolio via acquisitions as the supermajors trim their portfolios and debt-laden peers are forced into asset sales. We believe these two themes should create catalysts over the next 12 months and beyond: Buy.
05 Jan 2017
Gold top potential
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Gold top potential
Jersey Oil & Gas PLC (JOG:LON) | 156 2.3 1.0% | Mkt Cap: 51.0m
- Published:
05 Jan 2017 -
Author:
Daniel Slater, CFA -
Pages:
7
Jersey Oil and Gas (“JOG”) is a UK E&P company focused on the North Sea. It holds 18% in the P2170 licence where it is participating in a Statoil funded and operated exploration well in summer 2017. The company is also planning to build a 10mbbl/d production portfolio via acquisitions as the supermajors trim their portfolios and debt-laden peers are forced into asset sales. We believe these two themes should create catalysts over the next 12 months and beyond: Buy.