We are updating our estimates to incorporate the result of the open offer portion of JOG’s recent fundraise and new FX assumptions. The open offer raised another £1.61m and brought the total funds from the placing, subscription and open offer to £16.61m. These proceeds will help JOG maintain the strong momentum behind its major Greater Buchan Area (GBA) Development in the UK North Sea and strengthen its negotiating hand in the ongoing farm-out process. Our risked-NAV and price target fall 5% to ....
22 Apr 2021
Jersey Oil & Gas - Valuation update post open offer
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Jersey Oil & Gas - Valuation update post open offer
Jersey Oil & Gas PLC (JOG:LON) | 156 2.3 1.0% | Mkt Cap: 51.0m
- Published:
22 Apr 2021 -
Author:
Jonathan Wright -
Pages:
4
We are updating our estimates to incorporate the result of the open offer portion of JOG’s recent fundraise and new FX assumptions. The open offer raised another £1.61m and brought the total funds from the placing, subscription and open offer to £16.61m. These proceeds will help JOG maintain the strong momentum behind its major Greater Buchan Area (GBA) Development in the UK North Sea and strengthen its negotiating hand in the ongoing farm-out process. Our risked-NAV and price target fall 5% to ....