The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 147.00
Bid: 145.00
Ask: 149.00
Change: 0.00 (0.00%)
Spread: 4.00 (2.759%)
Open: 147.00
High: 147.00
Low: 147.00
Prev. Close: 147.00
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
2 Jun 2021 11:27

Jersey Oil planning to electrify Greater Buchan development

(Sharecast News) - UK North Sea-focussed upstream oil and gas company Jersey Oil & Gas updated the market on operations at its Greater Buchan Area (GBA) development project on Wednesday, reporting that subsurface evaluations and an independent peer review of subsurface and facilities concept select scopes had been completed.

Read more
26 May 2021 16:04

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
10 May 2021 14:14

DIRECTOR DEALINGS: Vitec CEO sells; Aston Martin non-exec buys again

DIRECTOR DEALINGS: Vitec CEO sells; Aston Martin non-exec buys again

Read more
6 May 2021 17:26

IN BRIEF: Jersey Oil & Gas loss widens as it progresses GBA project

IN BRIEF: Jersey Oil & Gas loss widens as it progresses GBA project

Read more
30 Apr 2021 19:32

IN BRIEF: Jersey Oil & Gas introduces carbon policy for GBA Project

IN BRIEF: Jersey Oil & Gas introduces carbon policy for GBA Project

Read more
13 Apr 2021 15:54

EXECUTIVE CHANGES: New chairs for Naked Wines, Countryside Properties

EXECUTIVE CHANGES: New chairs for Naked Wines, Countryside Properties

Read more
7 Apr 2021 15:53

Jersey Oil & Gas completes acquisition of CIECO V&C

Jersey Oil & Gas completes acquisition of CIECO V&C

Read more
17 Mar 2021 12:09

Jersey Oil & Gas raises GBP15 million for Buchan oilfield development

Jersey Oil & Gas raises GBP15 million for Buchan oilfield development

Read more
11 Mar 2021 21:13

IN BRIEF: Jersey Oil & Gas considering raising up to GBP15 million

IN BRIEF: Jersey Oil & Gas considering raising up to GBP15 million

Read more
3 Mar 2021 21:53

TRADING UPDATES: Team PLC prices IPO; Nostra's Cypress doubles

TRADING UPDATES: Team PLC prices IPO; Nostra's Cypress doubles

Read more
11 Feb 2021 11:37

TRADING UPDATES: Gaming Realms Record Month; Eden Research Loss Widens

TRADING UPDATES: Gaming Realms Record Month; Eden Research Loss Widens

Read more
26 Jan 2021 10:39

IN BRIEF: Significant Rise In Jersey Oil's Buchan Resource Estimate

IN BRIEF: Significant Rise In Jersey Oil's Buchan Resource Estimate

Read more
26 Jan 2021 10:26

AIM WINNERS & LOSERS: Yu Group Shares Rise As Lifts 2021 Outlook

AIM WINNERS & LOSERS: Yu Group Shares Rise As Lifts 2021 Outlook

Read more
4 Jan 2021 21:50

IN BRIEF: Jersey Oil To Pay USD850,000 To TGS-Nopec Under Settlement

IN BRIEF: Jersey Oil To Pay USD850,000 To TGS-Nopec Under Settlement

Read more
16 Dec 2020 21:37

IN BRIEF: Jersey Oil Completes Subsurface Evaluation Across Licences

IN BRIEF: Jersey Oil Completes Subsurface Evaluation Across Licences

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.