Jersey Oil & Gas PLC - oil & gas company focused on UK Continental Shelf of North Sea - Like last year, generates no revenue in six months to June 30. Pretax loss stretches to GBP1.2 million from GBP412,511 a year earlier. Administrative expenses climb 55% annually to GBP1.1 million and also reports non-repeat of GBP750,000 in other income from first half of 2019. Says "significant progress made in respect of the concept select work for the company's flagship Greater Buchan Area development project".
Current stock price: 117.00 pence, up 14% on Tuesday morning.
Year-to-date change: down 22%
By Eric Cunha; ericcunha@alliancenews.com
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Jersey Oil&gas (JOG)