With the outcome of the UK Government’s regulatory and fiscal consultations now clarified, work continues to assess the optimal Buchan development solution within the remit of the new regulatory and fiscal framework. These terms point to a longer investment cycle over the coming years, but should ultimately result in a more valuable project. In the meantime, JOG is financially well positioned, with £11.0m in cash at YE25 and an annual cash cost of just £1.5m.
