We are increasing our fair value estimate for Jersey Oil & Gas to 720p from 660p to reflect i) a change in our long-term oil price assumption to $100/b (inflated at 1% p.a.) from $75/b (inflated at 1% p.a.) and ii) the economic impact of the newly announced Energy Profits Levy. The 60p increase in our fair value estimate is composed of an increase of 419p related to the increase in our assumed oil price, and a decrease of 359p related to the economic impact of the Energy Profits Levy. Although ....
08 Jun 2022
Jersey Oil & Gas (JOG) - Valuation Uplift
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Jersey Oil & Gas (JOG) - Valuation Uplift
Jersey Oil & Gas PLC (JOG:LON) | 162 0 0.0% | Mkt Cap: 52.9m
- Published:
08 Jun 2022 -
Author:
Brendan Long -
Pages:
6
We are increasing our fair value estimate for Jersey Oil & Gas to 720p from 660p to reflect i) a change in our long-term oil price assumption to $100/b (inflated at 1% p.a.) from $75/b (inflated at 1% p.a.) and ii) the economic impact of the newly announced Energy Profits Levy. The 60p increase in our fair value estimate is composed of an increase of 419p related to the increase in our assumed oil price, and a decrease of 359p related to the economic impact of the Energy Profits Levy. Although ....