Jersey Oil & Gas made significant disclosure in respect of its farm-out process in the commentary published with its full year 2021 results – we are encouraged. The company also announced it had a cash balance of £13M at 31 December 2021. We are using the opportunity to increase our Brent oil price assumption to $75/b from $70/b, resulting in an increase in our fair value estimate to 660p from 620p.
28 Apr 2022
WH Ireland: Jersey Oil & Gas (JOG) - Final Results
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WH Ireland: Jersey Oil & Gas (JOG) - Final Results
Jersey Oil & Gas PLC (JOG:LON) | 155 0.8 0.3% | Mkt Cap: 50.6m
- Published:
28 Apr 2022 -
Author:
Brendan Long -
Pages:
5
Jersey Oil & Gas made significant disclosure in respect of its farm-out process in the commentary published with its full year 2021 results – we are encouraged. The company also announced it had a cash balance of £13M at 31 December 2021. We are using the opportunity to increase our Brent oil price assumption to $75/b from $70/b, resulting in an increase in our fair value estimate to 660p from 620p.