Jersey Oil and Gas (JOG) AI Stock Analysis

• Market Cap: £28.58M
• Dividend Yield: N/A
• Average Volume (3M): 74.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.96
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 14
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.02
• Shares Outstanding: 32,667,625
• 10 Day Avg. Volume: 62,448
• 30 Day Avg. Volume: 74,325
• PEG Ratio: 0.13
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: 103.00p ▲(7.85% Upside)

The score is primarily held back by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partially offset by a conservative balance sheet with minimal leverage and some year-over-year improvement. Technicals are mixed with a negative MACD and price below longer-term averages, and valuation lacks support due to a negative P/E and no dividend yield data.

Jersey Oil and Gas Business Overview & Revenue Model

Company Description

Jersey Oil and Gas Plc engages in the acquisition, exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom. The company holds a 100% interest in the Buchan and J2 project, which include P2498 Blocks 20/5A, 20/5E, and 21/1A licenses; and a 100% working interest in the Verbier project covering P2170 Blocks 20/5B and 21/1D licenses. Jersey Oil and Gas Plc's assets portfolio also includes Athena project, which comprises P1293 Block 14/18B. The company was formerly known as Trap Oil Group plc and changed its name to Jersey Oil and Gas Plc in August 2015. Jersey Oil and Gas Plc was founded in 2007 and is headquartered in Saint Helier, Jersey.

How the Company Makes Money

Jersey Oil and Gas Financial Statement Overview

Summary

Operating fundamentals are weak: zero revenue across 2020–2024 with recurring net losses and ongoing negative operating/free cash flow. The main offset is a strong balance sheet with very low leverage and sizable equity, plus modest improvement in 2024 losses and cash burn versus 2023.

Income Statement

Across 2020–2024 annual reports, the company reports zero revenue and consistently negative profitability, with net losses each year (2024: -3.54m vs. 2023: -5.60m). Losses narrowed in 2024 versus 2023, but profitability remains structurally weak given ongoing operating losses and negative gross profit.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (debt-to-equity ~0.3% in 2024) with sizable equity (2024: ~23.9m). The key weakness is persistent negative returns on equity (2024: -14.8%), indicating ongoing value erosion despite conservative capital structure.

Cash Flow

Cash generation remains pressured, with negative operating cash flow and negative free cash flow in every year shown (2024 operating cash flow: -3.36m; free cash flow: -4.10m). Cash burn improved in 2024 versus 2023, and free cash flow moved less negative year over year, but the business is still funding ongoing cash outflows without evidence of self-sustaining cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-56.61K	-56.55K	-105.00K	-134.00K	-101.00K	-53.05K
EBITDA	-1.83M	-4.08M	-5.70M	-2.97M	-4.05M	-2.61M
Net Income	-1.62M	-3.54M	-5.59M	-3.11M	-4.22M	-2.78M
Balance Sheet
Total Assets	23.51M	24.27M	27.53M	31.24M	35.16M	20.83M
Cash, Cash Equivalents and Short-Term Investments	11.33M	12.34M	10.48M	6.58M	13.04M	5.08M
Total Debt	43.10K	71.31K	126.46K	86.69K	212.21K	223.92K
Total Liabilities	147.08K	384.52K	867.39K	775.49K	2.82M	1.29M
Stockholders Equity	23.36M	23.88M	26.66M	30.47M	32.35M	19.54M
Cash Flow
Free Cash Flow	-1.72K	-4.10M	-5.09M	-6.33M	-8.47M	-7.12M
Operating Cash Flow	-1.72K	-3.36M	-4.07M	-3.24M	-1.50M	-2.14M
Investing Cash Flow	39.01K	4.12M	3.09M	-3.09M	-6.97M	-4.98M
Financing Cash Flow	-55.99K	-55.16K	-113.55K	-125.52K	16.43M	-112.94K

Jersey Oil and Gas Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PMG	62 Neutral	£16.66M	2.27	31.50%	―	-29.14%	48.67%
UJO	58 Neutral	£5.13M	-5.93	-2.88%	―	―	―
STAR	55 Neutral	£13.75M	-1.00	-29.57%	―	-20.85%	-105.70%
ANGS	54 Neutral	£11.97M	-1.14	-21.11%	―	-12.15%	-200.00%
EOG	53 Neutral	£15.78M	―	―	―	―	―
JOG	44 Neutral	£28.58M	-17.71	-6.74%	―	―	―

Jersey Oil and Gas Corporate Events

Jersey Oil & Gas Targets Buchan Optimisation as UK North Sea Fiscal Clarity Resets Investment Horizon

Jersey Oil & Gas has outlined its 2026 outlook following the UK Government’s completion of regulatory and fiscal consultations, which have clarified environmental requirements and confirmed the continued application of the Energy Profits Levy until 2030 and the introduction of the Oil and Gas Price Mechanism thereafter. The company believes the resulting tax framework favours long-term investment between now and the end of the decade, and is working with operator NEO Energy and partner Serica Energy to optimise the development concept for the Buchan field, including reassessing the previously preferred Western Isles FPSO against alternative production solutions and updating the project’s Environmental Impact Assessment to incorporate Scope 3 emissions. In the Greater Buchan Area, the partners have partially relinquished higher-risk acreage on licence P2170 to cut fees by about 40%, while planning to seek extensions to the second term of both P2498 (Buchan) and P2170 as they advance towards Field Development Plan approval. Strategically, Jersey Oil & Gas remains focused on unlocking value from its existing GBA assets, pursuing selective acquisitions that add cash flow and diversification, and exploiting over £100 million of UK tax allowances, all underpinned by a reduced cost base, year-end 2025 cash of about £11m, no debt, and a fully carried 20% share of Buchan project spending plus a further US$20m cash payment due on FDP approval.

The most recent analyst rating on (GB:JOG) stock is a Hold with a £93.00 price target. To see the full list of analyst forecasts on Jersey Oil and Gas stock, see the GB:JOG Stock Forecast page.

Jersey Oil & Gas Responds to UK Government’s New Oil and Gas Tax Mechanism

Jersey Oil & Gas acknowledges the UK Government’s decision to implement the Oil and Gas Price Mechanism (OGPM) as a successor to the Energy Profits Levy. The OGPM will impose a 35% tax on revenues exceeding threshold prices, with the mechanism coming into effect by 2030 or earlier if certain conditions are met. This new tax regime provides clarity for the company and its partners, NEO Next Energy and Serica Energy, as they evaluate its impact on the Buchan project.