Jersey Oil and Gas Plc
Other OTCRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Jersey Oil and Gas Plc (AIM: JOG) is a Jersey-based independent upstream oil and gas company focused on the exploration, appraisal, development and production of oil and gas properties in the UK Continental Shelf region of the North Sea. The company holds a 20% non-operated interest in the Greater Buchan Area licences P2498 (Blocks 20/5a, 20/5e and 21/1a), containing the Buchan Horst oil field redevelopment project and J2 oil discovery, and P2170 (Blocks 20/5b and 21/1d), containing the Verbier oil discovery and drill-ready exploration prospects including Verbier Deep, Wengen and Cortina NE (J64); the Buchan redevelopment centres on redeploying a floating production, storage and offloading vessel with up to five gas-lifted production wells and two water injection wells connected via subsea infrastructure, exporting oil via shuttle tankers and gas by pipeline. Founded in 2007 and headquartered at 5 St Andrew’s Place, St Helier, Jersey, the company targets UK energy security through development of domestic North Sea resources supporting the transition to net zero, with operations centred in the UK Central North Sea approximately 150km northeast of Aberdeen near existing infrastructure. In 2023-2024, Jersey Oil and Gas completed pivotal farm-out transactions divesting partial interests in the Greater Buchan Area to NEO Energy (50% operator interest) and Serica Energy (30% interest), securing full carry funding for its remaining 20% share through to first oil including approximately $25 million in cash milestone payments and expenditure carry to date plus $20 million more upon Field Development Plan approval, alongside a nearly £6 million upfront cash payment from Serica; the P2498 Buchan licence was extended by 24 months to February 2027 to accommodate regulatory delays from UK government consultations on environmental impact assessments, fiscal regime and licensing, while the Western Isles FPSO acquisition agreement was terminated in March 2025 post-longstop date amid project slowdowns, with recontracting possibilities under evaluation.
Jersey Oil and Gas well placed to unlock value - broker
Jersey Oil & Gas finds clarity and momentum as UK fiscal reset reshapes the Buchan investment case
Jersey Oil & Gas finds clarity and momentum as UK fiscal reset reshapes the Buchan investment case
Jersey Oil & Gas tipped for upside as management look to optimal North Sea timings
OTC Markets Group welcomes Cannara Biotech to OTCQX Market
Jersey Oil and Gas shares on front foot as it sticks with North Sea assets
Arizona Gold & Silver unveils stock option grant
Charbone Hydrogen secures first US order for ultra-high purity hydrogen
Jersey Oil and Gas shares on front foot as it sticks with North Sea assets
North Sea: Miliband relents, Tullow and Enquest jump, Jersey Oil & Gas gushes 14% higher
Jersey Oil and Gas investors to watch keenly as UK Govt's fiscal consultations proceed
North Sea oil and gas stocks rally, was the budget better than feared?
Jersey Oil & Gas CEO says GBA deals are ‘testament to asset quality', now eyes opportunities outside UK