focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 180.50
Bid: 178.00
Ask: 183.00
Change: 11.50 (6.80%)
Spread: 5.00 (2.809%)
Open: 170.00
High: 180.50
Low: 169.00
Prev. Close: 169.00
JOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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
6 Apr 2023 10:32

AIM WINNERS & LOSERS: Block Energy up as financial position improves

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

Read more
6 Apr 2023 10:20

Jersey Oil & Gas agrees 50% farm-out of Greater Buchan area interest

(Alliance News) - Jersey Oil & Gas PLC on Thursday said it agreed to farm-out a 50% interest in its Greater Buchan Area licences to NEO Energy Ltd.

Read more
31 Mar 2023 17:00

LONDON MARKET CLOSE: Shares climb at end of volatile month

(Alliance News) - London's FTSE 100 rounded off a difficult March with gains on Friday, as an easing of inflationary pressure in Europe and the US lifting the mood.

Read more
31 Mar 2023 13:20

IN BRIEF: Jersey Oil & Gas surges over potential North Sea deal

Jersey Oil & Gas PLC - Jersey-based oil and gas company focused on the North Sea - Updates on the Greater Buchan Area farm-out process, revealing it is in "advanced" exclusive discussions with an unnamed "significant" UK North Sea operator. Says head of terms have been agreed for the farm-out of a material interest in the GBA licenses to the operator, and the parties are working towards a finalised fully-termed agreement "in the near future". They have agreed to an exclusivity period until the end of April.

Read more
31 Mar 2023 12:15

LONDON MARKET MIDDAY: Shares climb ahead of key US inflation gauge

(Alliance News) - European markets were on the rise early Friday afternoon after eurozone inflation data failed to spring any negative surprise.

Read more
31 Mar 2023 11:06

AIM WINNERS & LOSERS: Jersey Oil in talks with North Sea "heavyweight"

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

Read more
29 Nov 2022 12:11

IN BRIEF: Jersey Oil & Gas shares up as licence extension approved

Jersey Oil & Gas PLC - Jersey-based oil and gas company focused on the North Sea - Says the North Sea Transition Authority has approved an extension to the second term of its P2170 Verbier licence. Says it is now aligned with the P2498 Buchan licence with the current phase expiring at the end of August next year.

Read more
28 Apr 2022 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 2021 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 2021 14:24

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

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

Read more
31 Aug 2021 11:39

TRADING UPDATES: Northcoders to expand; Pennant expects revenue growth

TRADING UPDATES: Northcoders to expand; Pennant expects revenue growth

Read more
18 Aug 2021 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
18 Aug 2021 11:31

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

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

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.