Following a general meeting of shareholders on 14 April 2021, Jersey Oil & Gas closed a placing and open offer raising £16.6M (pursuant to the results of the placing announced 17 March 2021). We believe the capital raise materially strengthens Jersey's outlook by i) securing the near-term funding to “keep the foot on the gas” into 2022 in relation to its engineering work in line with the objective of realising first oil from the Greater Buchan Area (“GBA”) project in late 2025, ii) strengthening ....
20 Apr 2021
WHI Morning Comment: Jersey Oil & Gas (JOG) - Valuation Update
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WHI Morning Comment: Jersey Oil & Gas (JOG) - Valuation Update
Jersey Oil & Gas PLC (JOG:LON) | 155 0 0.0% | Mkt Cap: 50.6m
- Published:
20 Apr 2021 -
Author:
Brendan Long -
Pages:
5
Following a general meeting of shareholders on 14 April 2021, Jersey Oil & Gas closed a placing and open offer raising £16.6M (pursuant to the results of the placing announced 17 March 2021). We believe the capital raise materially strengthens Jersey's outlook by i) securing the near-term funding to “keep the foot on the gas” into 2022 in relation to its engineering work in line with the objective of realising first oil from the Greater Buchan Area (“GBA”) project in late 2025, ii) strengthening ....