Jersey Oil and Gas (GB:JOG) has released an update.
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Jersey Oil and Gas (JOG) has announced a delay in its Buchan Project, following a decision by NEO Energy to slow down activities awaiting UK regulatory and fiscal clarity post the government’s environmental guidance consultation plans. The company’s CEO emphasized the importance of homegrown energy over imports for economic and tax benefits. JOG also reported a stable cash position of £13 million, with no financial exposure to Buchan project costs due to successful farm-outs.
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