reports
- Daniel Slater
- Daniel Slater
Jersey Oil & Gas (JOG LN) - Share price fall creates opportunity
Since November, the JOG share price has moderated from a high of 250p to current levels of 149.5p. This is despite JOG having now made significant progress towards FID on its c.70mmboe Buchan project, with FID upcoming later this year. In our view this share price move is unjustified, with current levels further enhancing the value on offer, and making an attractive opportunity for investors
- Daniel Slater
Hybridan Small Cap Feast - 26 Feb 24
26th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj...
- Daniel Slater
- Daniel Slater
Jersey Oil & Gas (JOG LN) - Corporate update reiterates Buchan progres...
JOG has released a corporate update, reconfirming expected FID and first oil timing for its Buchan development project, and the end 2023 cash holding, which will be augmented by significant further farm out payments during 2024.
- Daniel Slater
- Daniel Slater
Audio Note: Jersey Oil and Gas - Second GBA farm out
In this audio note, Zeus’ Daniel Slater summarises the investment case for Jersey Oil & Gas. JOG has announced a second farm out on its GBA project in the UK North Sea, to peer Serica Energy. Listen to the audio note below, and read the full research here.
- Stephane Foucaud
Auctus on Friday - 24/11/2023
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$0.80 per share: Equity raise to fund increased WI in Anshof – ADX is raising A$4.2 mm of new equity plus up to A$1 mm through an offer to shareholders at a price of A$0.10 per share. Subscribers will also receive half a warrant with an exercise price of A$0.16 per share. The capital injection will provide funding for ADX’s increased interest in Anshof (from 50-60%) following the decision of Xstat...
- Daniel Slater
UK-Listed Energy Sector
The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.
- Daniel Slater
Jersey Oil and Gas (JOG LN) - Second GBA farm out
JOG has announced a second farm out on its GBA project in the UK North Sea, to peer Serica Energy. This is on directly equivalent terms to JOG’s existing farm out to NEO, and will leave the company with a 20% interest fully carried to first oil on Buchan, alongside substantial upfront cash payments. This is excellent news for JOG, and goes to further underpin successful progression of the Buchan development to FID in 2024.
- Daniel Slater
Jersey Oil & Gas (JOG LN) - Buchan FPSO acquisition
JOG has announced the agreement for acquisition of the FPSO for its Buchan field development. The company announced earlier this year that it was expecting to redeploy an existing FPSO for development of Buchan, and has today confirmed that this will be the Western Isles vessel. This is an important step forward for JOG and for the Buchan development, further defining the development plan, moving this closer to FID, and potentially helping facilitate JOG’s planned second farm out deal.
- Daniel Slater
- Daniel Slater
- Daniel Slater
Audio Note: Jersey Oil and Gas - GBA project – value and context
In this audio note, Zeus’ Daniel Slater summarises the investment case for Jersey Oil and Gas. JOG’s GBA development is a large project of material significance in the UK North Sea. The recent NEO Energy farm out deal transforms the project for JOG from both a funding and from a technical point of view, highlighting its value and underpinning progress to first oil. Listen to the audio note below, and read the full research here.
- Daniel Slater
- Daniel Slater
Jersey Oil and Gas (JOG LN) - GBA development solution update
JOG has announced that the JV now expects to develop the Buchan field using a re-deployed FPSO, which is expected to drive significant CAPEX savings compared with the previous platform concept, alongside being the lowest full-cycle footprint option.
- Daniel Slater
Jersey Oil and Gas (JOG LN) - Farm out completion
JOG has announced completion of its recent farm out of its GBA assets to NEO Energy. NEO has acquired a 50% interest in JOG’s GBA licences (which contain the Buchan field and J2 and Verbier discoveries), in exchange for providing a full carry based on field development CAPEX on 12.5 percentage points of JOG’s remaining 50% interest, plus cash full carry on FEED expenditure (to a gross cap of US$25m) and further milestone cash payments totalling up to US$23.9m on Buchan (including US$2m on farm o...
- Daniel Slater
- Daniel Slater
Jersey Oil and Gas (JOG LN) - Licence extension approved
Licence permissions secured. JOG has announced that it has received approval for the extension of its P2498 licence, which contains its Buchan and J2 fields, extending this to February 2025. The company has also received permission to transfer 50% stakes in P2498 and also P2170 (which contains the Verbier discovery) to NEO Energy, under the farm out agreement announced in April.
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