01 Jun 2022
Jersey Oil & Gas - UK windfall tax should boost GBA farm-out ambitions
The announcement of a UK windfall tax on oil and gas companies hit JOG and other UK upstream players’ shares. However, the new levy is specifically designed to encourage higher investment in the North Sea, which can only be good news for JOG’s GBA development farm-out ambitions.
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Jersey Oil & Gas - UK windfall tax should boost GBA farm-out ambitions
Jersey Oil & Gas PLC (JOG:LON) | 156 2.3 1.0% | Mkt Cap: 51.0m
- Published:
01 Jun 2022 -
Author:
Jonathan Wright -
Pages:
9
The announcement of a UK windfall tax on oil and gas companies hit JOG and other UK upstream players’ shares. However, the new levy is specifically designed to encourage higher investment in the North Sea, which can only be good news for JOG’s GBA development farm-out ambitions.