JOG has reported audited results for 2021, with the company ending the year with a strong cash position and no debt. This should more than comfortably see it through the ongoing farm-out process, which has seen interest levels intensify in recent months, driven by the strong macro environment and a renewed desire for domestic energy security. JOG’s Greater Buchan Area is one of few material, ‘development ready’ North Sea projects, and multiple high-quality companies are showing interest. A succe ....
28 Apr 2022
Jersey Oil & Gas - GBA farm-out advancing
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Jersey Oil & Gas - GBA farm-out advancing
Jersey Oil & Gas PLC (JOG:LON) | 156 2.3 1.0% | Mkt Cap: 51.0m
- Published:
28 Apr 2022 -
Author:
Jonathan Wright -
Pages:
9
JOG has reported audited results for 2021, with the company ending the year with a strong cash position and no debt. This should more than comfortably see it through the ongoing farm-out process, which has seen interest levels intensify in recent months, driven by the strong macro environment and a renewed desire for domestic energy security. JOG’s Greater Buchan Area is one of few material, ‘development ready’ North Sea projects, and multiple high-quality companies are showing interest. A succe ....