On 14 December 2020 we put our fair value estimate of 268p for Jersey Oil & Gas under review pending a material uplift to reflect i) progress made in respect of the concept select phase of the Greater Buchan Area and ii) increased confidence in the deliverability of the Greater Buchan Area as a comprehensive multi-field development. For these reasons, we are increasing the scope of our valuation to include, not only the Buchan field (81.2mmb), but core satellite discoveries, namely, Verbier (28m ....
05 Jan 2021
WHI Equity Research: Jersey Oil & Gas (JOG) - Upgrading Fair Value Estimate
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WHI Equity Research: Jersey Oil & Gas (JOG) - Upgrading Fair Value Estimate
Jersey Oil & Gas PLC (JOG:LON) | 155 0.8 0.3% | Mkt Cap: 50.6m
- Published:
05 Jan 2021 -
Author:
Brendan Long -
Pages:
8
On 14 December 2020 we put our fair value estimate of 268p for Jersey Oil & Gas under review pending a material uplift to reflect i) progress made in respect of the concept select phase of the Greater Buchan Area and ii) increased confidence in the deliverability of the Greater Buchan Area as a comprehensive multi-field development. For these reasons, we are increasing the scope of our valuation to include, not only the Buchan field (81.2mmb), but core satellite discoveries, namely, Verbier (28m ....