Jersey Oil and Gas (GB:JOG) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Jersey Oil & Gas (JOG) has provided an update on the Buchan redevelopment project, indicating progress in engineering work and offshore surveys, with major contract awards expected in 2025 and first production aimed for late 2027. The company awaits fiscal clarity from the upcoming UK General Election to finalize the Field Development Plan. JOG maintains a strong financial position, fully funded for the project with a £13 million cash reserve and a £3 million annual base spend.
For further insights into GB:JOG stock, check out TipRanks’ Stock Analysis page.