JOG is pursuing a two pronged strategy in the UK North Sea. In addition to the company’s acquisition drive (aimed at assembling a portfolio producing 10mboe/d), JOG is also participating in the drilling of the 113mmboe Verbier well in summer 2017, funded by a US$25m Statoil farm in completed in 2016. The Verbier well provides a tangible catalyst for the stock within the next six to nine months, and would be very significant for the company if it is successful. The acquisition strategy h
17 Feb 2017
Operational update
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Operational update
Jersey Oil & Gas PLC (JOG:LON) | 154 0.8 0.3% | Mkt Cap: 50.5m
- Published:
17 Feb 2017 -
Author:
Daniel Slater, CFA -
Pages:
3
JOG is pursuing a two pronged strategy in the UK North Sea. In addition to the company’s acquisition drive (aimed at assembling a portfolio producing 10mboe/d), JOG is also participating in the drilling of the 113mmboe Verbier well in summer 2017, funded by a US$25m Statoil farm in completed in 2016. The Verbier well provides a tangible catalyst for the stock within the next six to nine months, and would be very significant for the company if it is successful. The acquisition strategy h