On Monday the UK government announced an update to the country’s oil and gas fiscal
terms. This was largely as featured in the Labour party’s manifesto during the recent UK
general election, though uncertainty around capital allowances applied to the Energy Profits
Levy remains, with further clarity expected at the time of the UK budget on 30 October. As a
UK company pursuing development FID on its Buchan field, this is relevant for JOG.

30 Jul 2024
Jersey Oil & Gas (JOG LN) - UK tax update

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Jersey Oil & Gas (JOG LN) - UK tax update
Jersey Oil & Gas PLC (JOG:LON) | 133 6 3.4% | Mkt Cap: 43.4m
- Published:
30 Jul 2024 -
Author:
Daniel Slater, CFA -
Pages:
6 -
On Monday the UK government announced an update to the country’s oil and gas fiscal
terms. This was largely as featured in the Labour party’s manifesto during the recent UK
general election, though uncertainty around capital allowances applied to the Energy Profits
Levy remains, with further clarity expected at the time of the UK budget on 30 October. As a
UK company pursuing development FID on its Buchan field, this is relevant for JOG.