Jersey Oil & Gas has announced that it has selected a greenfield four-legged platform to develop the Greater Buchan Area which will utilise existing export pipeline infrastructure. We see near-term scope to increase materially our fair value estimate from 268p. We believe that today's news is price material and that it sets the scene for a near-term catalyst rich outlook for the company. It is an opportune time, in our opinion, to gain exposure to the Jersey Oil & Gas investment opportunity.
29 Sep 2020
WHI Morning Comment: Jersey Oil & gas (JOG) - Interim Results and Greater Buchan Area Progress Update
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WHI Morning Comment: Jersey Oil & gas (JOG) - Interim Results and Greater Buchan Area Progress Update
Jersey Oil & Gas PLC (JOG:LON) | 162 20.3 8.4% | Mkt Cap: 52.9m
- Published:
29 Sep 2020 -
Author:
Brendan Long -
Pages:
5
Jersey Oil & Gas has announced that it has selected a greenfield four-legged platform to develop the Greater Buchan Area which will utilise existing export pipeline infrastructure. We see near-term scope to increase materially our fair value estimate from 268p. We believe that today's news is price material and that it sets the scene for a near-term catalyst rich outlook for the company. It is an opportune time, in our opinion, to gain exposure to the Jersey Oil & Gas investment opportunity.