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Share Price Information for Jersey Oil&gas (JOG)

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Share Price: 147.00
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TRADING UPDATES: Prospex Energy profit up; Petro Matad widens loss

Thu, 22nd Sep 2022 22:14

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

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Petro Matad Ltd - Douglas, Isle of Man-based petroleum exploration company focused on Mongolia - Pretax loss for the first half of 2022 widens to USD1.6 million from USD1.0 million a year before. Employee benefit costs increase to USD874,000 from USD331,000 and other expenses grow to USD542,000 from USD486,000. Interest income multiplies to USD20,000 from USD1,000.

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Mobile Streams PLC - London-based mobile content provider - Signs a five-year contract to become the exclusive provider of all non-fungible token products for the Atlante Football club. NFTs are digital data stored in a blockchain. Says its share of the contract is roughly USD3.7 million. "The agreement also requires MOS to make a small initial cash payment to Atlante and if certain revenue targets in a year are met then a minimum revenue guarantee would exist for the next year," it adds.

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Atlantic Lithium Ltd - lithium asset developer and producer focused in West Africa - Completes the pre-feasibility study for the Ewoyaa Lithium project in Ghana. Records a maiden ore reserve of 18.9 megatons at 1.24%, demonstrating "sound" resource to reserve conversion.

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Great Western Mining Corp PLC - Nevada-focused gold, silver and copper project developer - Receives the final assay results from its recent drilling programme in the OMCO mine area of the Olympic Gold project in Nevada. Records gold over a 6.1 metre interval. This includes a best intercept of 8.1 grams per tonne over 1.5 metres.

"At Hole 15, drilled this summer, assay results tell us that we have now intercepted an extension of the OMCO vein itself, one of our key objectives, encountering vein material beyond the known limits of the old workings. Significantly, the trend is open to the southeast in unexplored acreage adjacent to the old workings. This is a very exciting result which will enable us to home in on the potential of the asset," Chair Brian Hall comments.

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Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production in UK, Ireland and Morocco - and i3 Energy PLC - oil and gas producer in the UK and Canada - Say the Serenity appraisal well on the UK Licence P.2358 was spudded. Expects the programme drilling to last roughly 30 days. The well will be plugged and abandoned after completion of all drilling operations.

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Getech Group PLC - Leeds, England-based green hydrogen company - Progresses with its Shoreham Port Green Energy Hub collaboration and extends exclusivity to 2027.

"Having completed an extensive engineering programme demonstrating commercial feasibility for the Green Energy Hub, Getech's exclusivity has now been extended by the Shoreham Port for a 5-year period, taking the project through development, to planned first green hydrogen production and beyond," the company says.

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Grafenia PLC - Manchester-based printing and software company - Agrees to acquire the entire issued share capital of Plymouth-based ecommerce software business Vertical Plus Ltd for GBP2.9 million in cash.

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Wilmington PLC - London-based provider of information and training for governance and risk & compliance - In the year ended June 30, revenue rises 7% to GBP121.0 million from GBP113.0 million a year before. Swings to pretax profit of GBP36.1 million from loss of GBP2.0 million. Says investments in technology and data are aiding its growth, as it builds single technology platforms in each division. Increases dividend 37% "in line with profit" to 8.2 pence from 6.0p. "We have a resilient business model with increasing recurring revenues. We have seen good demand in all areas during the first quarter of the current financial year, generating revenues and profitability in line with our expectations," says Chief Executive Officer Mark Milner.

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Pantheon Infrastructure PLC - Investment trust managed by Pantheon Ventures and focused on infrastructure assets - Issues earnings report for period from September 9, 2021 to June 30, 2022, having floated on the London Stock Exchange back in November. Says net asset value per share was "broadly flat" over the period, with no material valuation adjustments, closing at 97.9p. Declares first interim dividend of 1p per share. Records pretax loss of GBP557,000, narrowed from GBP1.2 million back in September, 2021. Loss per share narrows to 0.14p from 0.29p. "Pantheon expects the strong deal flow it has witnessed over the last few years to continue. The current pipeline is strong, with opportunities presenting across all main sub-sectors and geographic regions," says Chair Vagn Sorensen.

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Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - In the first half of 2022, pretax profit surges to GBP7.0 million from GBP129,356 year-on-year. This is due to a GBP7.6 million gain on revaluation of investments and loans, compared to GBP488,335 a year prior. Net book value of investments stands at GBP14.3 million at the period end, compared to GBP6.7 million at the end of December. Cites "very bright" outlook. "With significant levels of cash to be generated from Selva and El Romeral and existing organic opportunities in Spain and Italy, the Company can confidently execute on new investment opportunities," says Non-Executive Chair Bill Smith.

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Jersey Oil & Gas PLC - Jersey-based oil and gas company focused on the North Sea - In the six months to June 30, posts no revenue, unchanged year-on-year. Pretax loss narrows to GBP1.2 million from GBP1.9 million. "Great progress is being made with our GBA farm-out process - the key activity for the group in 2022. Interest is strong, technical studies across the various development solutions are well advanced and commercial discussions are ongoing with serious, well-funded counterparties. Since launching the process, the company's engagement strategy has been broadened to advance a range of competing development solutions, thereby providing increased optionality," says CEO Andrew Benitz.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. 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.

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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.

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23 Nov 2023 10:58

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

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

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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.

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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.

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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.

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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.

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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:

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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.

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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.

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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.

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13 Jun 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 14 June 
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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 
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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
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Friday 16 June 
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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 
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Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
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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
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Zegona Communications PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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.

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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

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