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

Share Price Information for Jersey Oil&gas (JOG)

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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
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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
15 Apr 2019 11:16

Jersey Oil & Gas Reports Disappointing Results From Verbier Well

LONDON (Alliance News) - Jersey Oil & Gas PLC on Monday said results from its Verbier appraisal well were "disappointing", and it has now moved the rig off location.Shares in

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10 Apr 2019 17:46

Schroders Cuts Jersey Oil & Gas Stake To Below 5% In Deal (ALLISS)

LONDON (Alliance News) - Jersey Oil & Gas PLC on Wednesday said Schroders PLC held a less than 5% stake in the company after a deal on Tuesday.Prior to the transaction, Schroders held a

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3 Apr 2019 15:46

Jersey Oil &Gas 'surprised' by failure to find Jurassic sands at Verbier, shares sink

(Sharecast News) - Jersey Oil&Gas shares' crashed after notifying that an appraisal well had failed to find Upper Jurassic sands, leading it to lower its estimate for the prospectivity of the discovery, although it was still deemed "commercially viable".

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3 Apr 2019 10:45

WINNERS & LOSERS SUMMARY: CMC Markets Falls On Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Taylor a

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3 Apr 2019 09:09

Jersey Oil & Gas Shares Plummet As Appraisal Well Drilling Disappoints

LONDON (Alliance News) - Jersey Oil & Gas PLC on Wednesday said it is "disappointed" by the drilling results from the UK Continental Shelf region of the North Sea.The stock on

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4 Mar 2019 12:09

Jersey Oil & Gas Starts Drilling Operations At Verbier Well

LONDON (Alliance News) - Jersey Oil & Gas PLC on Monday said it started drilling operations on well 20/05b-14 on UK seaward licence P2170.The upstream oil & gas firm, focused on the

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17 Jan 2019 14:55

DIRECTOR DEALINGS: Jersey Oil & Gas Chair Purchases Shares

LONDON (Alliance News) - Jersey Oil & Gas PLC said that Chair Marcus Stanton has purchased shares in the company for GBP17,320 in total on Thursday.Stanton bought 10,000 shares for per

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16 Jan 2019 13:47

Jersey Oil & Gas Verbier Appraisal Well Operations To Begin Soon

LONDON (Alliance News) - Upstream oil and gas company Jersey Oil & Gas PLC said Wednesday the operator of the P2180 licence, Equinor UK Ltd, will begin drilling operations on the three wells -

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20 Sep 2018 13:36

Jersey Oil & Gas Half Year Loss Widens On Reimbursement Drop

LONDON (Alliance News) - Jersey Oil & Gas PLC on Thursday said its loss widened in the first half of the year due to a significant reduction in carried costs reimbursement.In the six of

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24 Jul 2018 12:33

Jersey Oil Says Drilling Of Verbier Appraisal Well Delayed A Few Weeks

LONDON (Alliance News) - Jersey Oil & Gas PLC said Tuesday the drilling of the Verbier appraisal well on the UK Continental Shelf of the North Sea is to be delayed until the middle of the 2018

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26 Apr 2018 15:03

Jersey Oil & Gas Swings To Profit Ahead Of Oil Discovery Appraisal

LONDON (Alliance News) - Jersey Oil & Gas PLC on Thursday said it swung to a profit in 2017 in a year in which it made a "highly" exciting oil discovery in the UK North reported a of

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24 Apr 2018 15:42

Jersey Oil & Gas, Partners To Fund 3D Seismic Survey Of UK Licence

LONDON (Alliance News) - UK Continental Shelf-focused Jersey Oil & Gas said Tuesday that partners for UKCS Licence P.2170, containing the Verbier discovery and the Cortia prospect, will a 3D

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13 Mar 2018 14:28

DIRECTOR DEALINGS: Jersey Oil & Gas Operating Director Buys Shares

LONDON (Alliance News) - Jersey Oil & Gas PLC on Tuesday said Chief Operating Officer Ronald Lansdell bought shares in exploration company ?focused on the Continental of a

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2 Mar 2018 09:19

Statoil to drill three exploration wells off Britain in 2018

OSLO, March 2 (Reuters) - Norway's Statoil will drill three exploration wells on Britain's continental shelf (UKCS) this the

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17 Feb 2017 10:27

Jersey Oil & Gas expects North Sea rig to start drilling in summer

(ShareCast News) - AIM-listed Jersey Oil & Gas expects that its rig in the North Sea will start drilling a well in the summer. The explorer said that Statoil, the operator of licence P2170 in which the company holds an 18% stake in, is currently undertaking a tender process for a drilling rig and is

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