Simon Thompson 

Jersey gushes higher on transformational licensing award

Simon Thompson

Simon Thompson

Jersey Oil & Gas (JOG:137p), a UK North Sea-focused upstream oil and gas company that owns an 18 per cent interest in the P2170 licence (Blocks 20/5b & 21/1d) in the Outer Moray Firth, which contains the Verbier oil discovery, has been awarded three blocks in the UK Oil & Gas Authority’s 31st supplementary offshore licensing round. I anticipated this would happen when I reiterated my buy stance, at 63p, a couple of months ago(Share price catalysts on Jersey’s horizon’, 20 May 2019). Jersey's share price has surged by 86 per cent on today’s licensing awards.

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