Jersey Oil and Gas tipped for upside as stockbroker eye upcoming farm-out
“We believe that Jersey Oil & Gas will successfully secure a farm-in partner to fund the development of the GBA,” said WH Ireland analyst Brendan Long.
WH Ireland sees huge upside to the Jersey Oil and Gas PLC (LON:JOG) share price as the stockbroker looks to a possible farm-out deal that will propel forward the Greater Buchan Area (GBA) oil field project in the North Sea.
In a note WH Ireland, which acts as broker to Jersey, said it believes the company is progressing the GBA project apace towards first oil by late 2025.
By BFN News | 02:44 PM | Friday 30 April, 2021 Jersey Oil & Gas has announced the introduction of a carbon policy. The firm will seek to identify Scope 1, Scope 2 and material Scope 3 and minimise, measure and report Scope 1 and 2 emissions associated with its operations on an absolute basis.
Key to this, the firm stated, will be the consideration and application of pioneering solutions to carbon emissions management, such as platform electrification, which will be considered alongside more conventional oil and gas development options.
These will be assessed through a rigorous management system and operational process to ensure sustainable value is realised from the company?s assets. An external advisor has been commissioned to facilitate JOG s greenhouse gas accounting, reporting and verification.
By BFN News | 01:47 PM | Wednesday 17 March, 2021 Jersey Oil & Gas has announced its intention to undertake a fundraising of up to £15 million by way of a placing of, and a subscription by certain of the company s directors for, new ordinary shares.
In addition, the company intends to launch an offer to qualifying participants to raise up to a further £2 million at the issue price.
The placing will be effected by way of an accelerated bookbuild at a price of 165p per placing share.
A further announcement confirming the closing of the Bookbuild and the number of new Ordinary Shares to be issued pursuant to the Placing is expected to be made in due course.