Pro_S2009
09 Oct 2019
Jersey Oil and Gas - North Sea Oil 9th October interview with CEO: Malcy's Blog – 9 Oct 19 Malcy's Blog: Core Finance CEO interview: Andrew Benitz of Jersey Oil & Gas Malcy's Blog: Malcy's reaction to oil sector news as it arises. Core Finance CEO interview: Andrew Benitz of Jersey Oil & Gas .
Pro_S2009
08 Oct 2019
Jersey Oil and Gas - North Sea Oil Following todays CPR and other news Arden increase target price to 600p Flash note in the link below: uploadfiles.io Uploadfiles.io - JOG_FLASH_OCT - Copy.pdf Upload files, for free, securely, anonymously, without limits. @UploadFilesFree .
Pro_S2009
26 Sep 2019
Jersey Oil and Gas - North Sea Oil Arden update on JOG after the interims. uploadfiles.io Uploadfiles.io - JOG Interims_ARDEN - Copy.pdf Upload files, for free, securely, anonymously, without limits. @UploadFilesFree .
Pro_S2009
26 Sep 2019
Jersey Oil and Gas - North Sea Oil Malcy's Blog – 26 Sep 19 Malcy's Blog: JOG, Reabold, Gulfsands Malcy's Blog: Malcy's reaction to oil sector news as it arises. JOG, Reabold, Gulfsands Jersey Oil & Gas JOG interims this morning which show no surprises but the CEO makes a number of key points ahead of the upcoming Capital Markets Day. Cash is at £15.5m at period end and whilst there a number of modest calls on the balance sheet upcoming the company is strongly placed at the moment. JOG has had a very busy time recently and best described by CEO Andrew Benitz ‘the period has been transformational as the company has begun work on a full re-evaluation of the P2170 Licence Area and after significant effort and investment JOG was awarded 100% WI and operatorship of 4 blocks in the Greater Buchan Area’. It is worth noting that Equinor is still contemplating its option to back-in before 22nd October. There is potentially massive upside for this area where the CNS can still deliver a sizeable JOG operated hub. With this potential and the company gearing up with key personnel ahead of the programme the company is a very exciting prospect. The Capital Markets Day on the 8th October will be worth listening to as the company delivers its plans and work programme ahead and shareholders should very much look forward to it. A leader in the Bucket list and likely to remain so… .
Pro_S2009
19 Sep 2019
Jersey Oil and Gas - North Sea Oil Arden Partners flash update on JOG following todays news: uploadfiles.io Uploadfiles.io - JOG_Flash - Copy.pdf Upload files, for free, securely, anonymously, without limits. @UploadFilesFree .
Pro_S2009
19 Sep 2019
Jersey Oil and Gas - North Sea Oil News out today with formal completion of licensing. Also a brand new Corporate Presentation released : jerseyoilandgas.com Award-Presentation-Sept-2019-vFinal.pdf 1804.78 KB .
Pro_S2009
14 Sep 2019
Jersey Oil and Gas - North Sea Oil So events moving forward. JOG have a Capital Markets Day event in London on 8th October. What new info is going to be released before then or on that day in an RNS ahead of the presentations ? Equinor quarterly update due 24th October (which means they will be having a board meeting earlier in October). 3 months option for Equinor entering into the deal with JOG, also ends during the week ending Friday 25th October. October is going to be fun
Pro_S2009
12 Sep 2019
Jersey Oil and Gas - North Sea Oil DNO looking to buy North Sea development and production assets. [link] .
Pro_S2009
05 Sep 2019
Jersey Oil and Gas - North Sea Oil For your weekend reading. 21 page September 2019 note on JOG by Arden. uploadfiles.io Uploadfiles.io - Arden_JOG_3Sep19.pdf Upload files, for free, securely, anonymously, without limits. @UploadFilesFree .
Pro_S2009
04 Sep 2019
Jersey Oil and Gas - North Sea Oil The various valuations scenarios for JOG by Arden: .
Pro_S2009
04 Sep 2019
Jersey Oil and Gas - North Sea Oil The conclusion from the new Arden note makes interesting reading. For the first time they mention potential farm out. So the news flow to get the JOG price up to a more proper nigher value is… Equinor deal, farm out, CPR’s and p2170 update and drilling program news…all possibly in the final months of 2019 it seems. Loads of news ahead. Conclusion The award of Buchan,J2 and Glenn is a very substantial event for JOG, transforming asset value and the company’s activity schedule going forward. The various valuations that we have set out above show a very wide potential range, but even the lowest of all of these, at 292p, is materially above current levels. As such, we are of the view that the value of the asset awards is yet to be fully appreciated by the market. The route to realising a greater portion of the value of JOG’s assets is also set out above, and includes progression of the development plan, potential farm out, new CPRs and clarity on the 2020/21 P2170 work programme in the coming months. This should then be followed by further development planning progress,potential P2170 drilling in 2020 and potential drilling on the new exploration assets, alongside the ever-present possibility of production acquisitions. The substantial discount to our base case risked NAV, combined with the upcoming newsflow, supports our Buy recommendation and 550p target price.
Pro_S2009
04 Sep 2019
Jersey Oil and Gas - North Sea Oil 3 September 2019 Jersey Oil and Gas* (JOG LN) – Arden note released Buy, Current Price: 239p Target Price: 550p Key Points: JOG recently announced the award of substantial new assets in the UK North Sea. This note maps out the newsflow we would expect this to generate as the company moves towards development, while also laying out a series of valuation scenarios. This all well supports our Buy recommendation and 550p price target. Significant asset additions. JOG recently announced 100% award of the Buchan oil field and Buchan Andrew, J2 and Glenn oil discoveries. These contain gross mean contingent resources of 119mmboe – a huge uplift on JOG’s existing Verbier 5mmboe net 2C position. Buchan is development ready. Buchan is an existing field with all the required data to be redeveloped: JOG is now beginning to work on a new field development plan. Share price not yet fully reflecting new assets. JOG shares have already made significant gains. Our modelling indicates that they are still substantially undervaluing the new asset position, however. Way forward to help demonstrate veracity of new asset value. There are a number of waypoints over the coming months and years that should help demonstrate JOG’s asset value, including development plan submission (mid-2021), potential farm out (50% option granted to Equinor expires in Q4 2019; numerous other potential partners otherwise), completion of funding and FID, and first oil (targeted for 2024). We could also see further P2170 drilling in 2020. Our modelling shows a wide range of potential valuations. This note includes a number of modelled scenarios for JOG’s assets, and we also look at UK North Sea transaction multiples. Our base case returns a JOG risked NAV of 597p, but our overall range runs from 292p to 2,664p. Buy recommendation, 550p target. Going forward we expect the outcome of the Equinor option, new JOG CPRs, confirmation of the 2020 P2170 work programme, potential 2020 drilling and periodic Buchan development planning updates. This, alongside the underlying asset value, supports our Buy recommendation and 550p target.
Pro_S2009
03 Sep 2019
Jersey Oil and Gas - North Sea Oil jerseyeveningpost.com Jersey company’s North Sea oil operation could yield $6bn AN Island business is set for major expansion after commencing work to extract oil worth an estimated $6 billion from the North Sea.
Pro_S2009
28 Aug 2019
Jersey Oil and Gas - North Sea Oil IC Buy rec for JOG investorschronicle.co.uk – 27 Aug 19 Jersey’s licensing award to boost shareholder value The North Sea-focused upstream oil and gas company has won another licence .
Pro_S2009
26 Aug 2019
Jersey Oil and Gas - North Sea Oil Arden Flash Update on JOG in the link below (PDF file) [link] .
