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: 248.50
Bid: 245.00
Ask: 252.00
Change: -9.00 (-3.50%)
Spread: 7.00 (2.86%)
Open: 257.50
High: 257.50
Low: 248.50
Prev. Close: 248.50
JOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

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

Jersey Oil & Gas ends two North Sea licences to focus on other project

Wed, 18th Aug 2021 11:31

(Alliance News) - Jersey Oil & Gas PLC on Wednesday said it has decided to end two licences after a technical and economic evaluation.

The company, an explorer with assets in the UK North Sea, said it fulfilled the phase A commitments for the Zermatt and Glenn licences, but will not progress to the next stage. The decision was made after taking into account JOG's "higher ranked, drill-ready portfolio of opportunities" and Glenn's sub-commercial status.

Neither of the two licences were planned to be included in the core Greater Buchan Area development project.

"JOG's management has taken the pragmatic and cost-effective decision not to proceed with firm well commitments for the non-core Glenn and Zermatt licences in the context of efficient and targeted capital allocation," Chief Executive Andrew Benitz said.

Shares were down 5.8% to 114.42 pence in London on Wednesday morning.

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
28 Apr 22 16:10

EARNINGS UPDATES: Brave Bison notes first profit; Angle widens loss

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

Read more
22 Nov 21 15:57

EXECUTIVE CHANGES: All change at Aura Energy amid ASX spin-out plan

EXECUTIVE CHANGES: All change at Aura Energy amid ASX spin-out plan...

Read more
22 Sep 21 14:24

TRADING UPDATES: Ten Entertainment post-lockdown boom; Mission payout

TRADING UPDATES: Ten Entertainment post-lockdown boom; Mission payout...

Read more
31 Aug 21 11:39

TRADING UPDATES: Northcoders to expand; Pennant expects revenue growth

TRADING UPDATES: Northcoders to expand; Pennant expects revenue growth...

Read more
18 Aug 21 14:59

Jersey Oil letting go of two licences

(Sharecast News) - UK continental shelf-focussed oil and gas company Jersey Oil & Gas updated the market on its licences P2497 Block 20/4c 'Zermatt', and P2499 Block 21/2a 'Glenn' on Wednesday....

Read more
2 Jun 21 19:10

TRADING UPDATES: Block Energy 2020 revenue jumps; Kanabo loss narrows

TRADING UPDATES: Block Energy 2020 revenue jumps; Kanabo loss narrows...

Read more
2 Jun 21 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...

Read more
26 May 21 16:04

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days...

Read more
10 May 21 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 21 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 21 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 21 15:54

EXECUTIVE CHANGES: New chairs for Naked Wines, Countryside Properties

EXECUTIVE CHANGES: New chairs for Naked Wines, Countryside Properties...

Read more
7 Apr 21 15:53

Jersey Oil & Gas completes acquisition of CIECO V&C

Jersey Oil & Gas completes acquisition of CIECO V&C...

Read more
17 Mar 21 12:09

Jersey Oil & Gas raises GBP15 million for Buchan oilfield development

Jersey Oil & Gas raises GBP15 million for Buchan oilfield development...

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.