George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJersey Oil&gas Share News (JOG)

Share Price Information for Jersey Oil&gas (JOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 151.00
Bid: 150.00
Ask: 152.00
Change: -2.50 (-1.63%)
Spread: 2.00 (1.333%)
Open: 153.50
High: 153.50
Low: 151.00
Prev. Close: 153.50
JOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Jersey Oil & Gas agrees farm-out at Buchan

Thu, 23rd Nov 2023 10:58

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

----------

AIM - WINNERS

----------

Jersey Oil & Gas PLC, up 22% at 239.8 pence, 12-month range 146p-336p. The upstream oil and gas company focused on the UK Continental Shelf region of the North Sea agrees to farm-out a 30% interest in the Greater Buchan Area licenses to Serica Energy UK Ltd. Once complete, it will hold a 20% interest in the licenses, and a fully carry on the capital expenditure needed to bring the Buchan field to production. Says the terms are identical to those completed with Neo Energy earlier this year. The combined cash payments from the two farm-outs will be over USD18 million, with a further USD20 million due once the field development plan is approved. "We are thoroughly delighted to announce the farm-out transaction with Serica Energy. Not only does it bring a further high-quality partner into the joint venture, but it unlocks exceptional value for the company and delivers upon our overall objectives for the GBA farm-out strategy," says Andrew Benitz, JOG's CEO. Serica Energy PLC rises 2.4%.

----------

Windward Ltd, up 11% at 73.2p, 12-month range 33p-80p. The Tel Aviv, Israel-based maritime predictive intelligence company wins a EUR3.2 million contract with a new European national coastguard customer for a five-year term. Expects the fee to be paid up front in full, which will help bolster its cash position. Says the contract will see its maritime artificial intelligence technology used to "protect against the increasing sophistication of maritime bad actors". Adds that it's trading in line with market expectations, and its offices within Israel remain fully operational.

----------

AIM - LOSERS

----------

United Oil & Gas PLC, down 19% at 0.79p, 12-month range 0.7p-2.2p. The oil and gas company focused on Egypt and Jamaica says its preferred potential partner no longer wishes to pursue discussions about participating in its Walton Morant license in Jamaica. It will now focus on other interested parties, noting the "recent positive interest" in the license from potential partners. Also says it is engaging with the country's authorities about securing extensions to its license period, which expires at the end of January. Will update in due course.

----------

By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Feb 2024 09:08

Jersey Oil, Serica complete farm-out agreement in Greater Buchan Area

(Alliance News) - Serica Energy PLC and Jersey Oil & Gas PLC on Monday said they have completed the Greater Buchan Area farm-out agreement.

Read more
23 Nov 2023 11:49

Jersey Oil agrees to farm out interest in Greater Buchan to Serica

(Alliance News) - Jersey Oil & Gas PLC on Thursday said it agreed to farm-out a 30% interest in the Greater Buchan Area licenses to Serica Energy UK Ltd, a subsidiary of Serica Energy PLC.

Read more
17 Nov 2023 13:02

Jersey Oil agrees acquisition of Western Isles vessel

(Sharecast News) - Jersey Oil & Gas announced a significant development in its operations in the UK Continental Shelf region of the North Sea on Friday.

Read more
17 Nov 2023 10:36

AIM WINNERS & LOSERS: Parkmead revenue up; Jersey O&G buys vessel

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
17 Nov 2023 10:33

Jersey Oil & Gas shares jump as Buchan field partners agree vessel buy

(Alliance News) - Jersey Oil & Gas PLC on Friday said that it has agreed the acquisition of the Western Isles floating production, storage and offloading vessel alongside its other Buchan field partners.

Read more
17 Nov 2023 09:03

LONDON MARKET OPEN: Stocks up despite UK retail sales growth miss

(Alliance News) - Stock prices in London opened higher on Friday, despite weaker-than-expected October retail sales figures for the UK.

Read more
14 Sep 2023 12:05

EARNINGS: Jersey O&G and World Chess losses widen, Arecor narrows

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
4 Jul 2023 16:51

Jersey Oil granted extension to Verbier licence

(Sharecast News) - Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK continental shelf region of the North Sea, announced on Tuesday that the North Sea Transition Authority approved an extension to the second term of the P2170 'Verbier' licence.

Read more
4 Jul 2023 14:26

IN BRIEF: Jersey Oil & Gas finalises development plan, extends licence

Jersey Oil & Gas PLC - UK continental shelf-focused upstream oil and gas company - Says North Sea Transition Authority has approved an extension to the second term of the P2170 "Verbier" licence by three years to August 29, 2026. Jersey Oil & Gas requested the extension to prepare a field development plan for Verbier as part of a development plan for the Greater Buchan Area.

Read more
22 Jun 2023 12:12

Jersey Oil & Gas completes farm-out with NEO Energy at Greater Buchan

(Alliance News) - Jersey Oil & Gas PLC on Thursday said it has completed its farm-out transaction with NEO Energy in the Greater Buchan Area in the North Sea.

Read more
13 Jun 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Jun 2023 09:37

Jersey Oil & Gas hails approval of second term to Buchan licence

(Alliance News) - Jersey Oil & Gas PLC on Wednesday said that the North Sea Transition Authority approved an extension to the second term of its P2498 Buchan licence.

Read more
24 May 2023 14:22

Jersey Oil & Gas narrows annual loss and claims "attractive" prospects

(Alliance News) -Jersey Oil & Gas PLC on Wednesday said its loss narrowed during 2022 and that it looks forward to "unlocking" the value of its Greater Buchan Area development project as it moves towards production.

Read more
6 Apr 2023 16:05

Jersey Oil sells 50pc stake in Greater Buchan Area

(Sharecast News) - Jersey Oil & Gas announced an agreement to sell a 50% stake in its Greater Buchan Area (GBA) licences on Thursday, to NEO Energy - an independent upstream oil and gas company backed by private equity investor HitecVision.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.