We have an increasingly positive outlook for Jersey Oil & Gas based on the positive message conveyed today in the company's interims combined with the rapidly escalating acute energy crisis. We reiterate our 720p fair value estimate for Jersey Oil & Gas. We emphasise our increased confidence in our long-standing and high-conviction call that Jersey Oil & Gas will successfully secure a farmout (or otherwise secure value) for its 100% held and operated interest in the Greater Buchan Area.
