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Oil Capital
EPIC: JOG
Market: AIM
52-week High/Low: 400.00p / 27.00p
Sector: Energy
Market Cap: 21.38M

Jersey Oil and Gas ("JOG") is an independent oil and gas company operated from Jersey, Channel Islands .JOG has a highly experienced E&P team with a multinational track record of operating assets and leading upstream-focused oil and gas companies.

Jersey Oil and Gas is traded in the NEX Exchange HERE

Jersey Oil and Gas PLC

www.jerseyoilandgas.com

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Big picture - Why invest in Jersey Oil and Gas PLC

Jersey Oil and Gas PLC Snapshot

 

Overview

Jersey Oil and Gas ("JOG") is an independent oil and gas company operated from Jersey, Channel Islands

JOG has a highly experienced E&P team with a multinational track record of operating assets and leading upstream-focused oil and gas companies

The Team is actively pursuing a North Sea production-focused strategy, aiming to deliver strong shareholder returns through:

  • Exposure to any oil price recovery - acquire production at current low oil prices
  • Lower cost base - benefit from falling operating costs, low overheads and management costs
  • Improving Tax Environment - UK Budget 2016 reduced headline tax from 50% to 40% and PRT was abolished
  • Low Financing Costs - Attractive bank funding costs can deliver attractive leveraged yields

Our business

Our objective is to build a diversified production focused North Sea asset portfolio, through the acquisition of non-operated working interests in multiple fields.

Target Asset Profile

  • Mature production assets with long profiles and upside potential
  • Oil and/or Gas
  • Sub-sea tie-back, satellite fields
  • production-based tariff agreements
  • limited exposure to host platform costs
  • Low capex and opex costs
  • Manageable decommissioning liabilities
  • Non-operated interests           

Production Target

  • Working Interests in 6-10 Producing Fields
  • 10,000bopd net production
  • Reserves target of 15-20MMbbls

Any acquisitions that are taken forward, will be financed from one or more of the company's balance sheet, the proceeds from strategic sales of selected parts of the combined group's asset portfolio and further equity and debt capital raises

Marcus Stanton - Non-Executive Chairman

Marcus Stanton is a Chartered Accountant with an investment banking background. Previously held banking roles include Chief Operating Officer of Global Capital Markets at Robert Fleming & Co. and a Director of Hill Samuel & Co, Corporate Finance. He has been a Non-Executive Director of a number of AIM listed companies including Windsor Insurance plc (insurance), Velosi Limited (oil and gas services), Lok’nStore Group plc (self storage) and Cardinal Resources plc (oil and gas E&P). He also runs an international consultancy practice, specialising in the investigation and litigation of complex banking transactions, largely on behalf of UK and overseas governmental agencies. He is a Fellow of both the Institute of Chartered Accountants in England and Wales and the Chartered Institute for Securities and Investment. He is Chairman of the Jersey Oil and Gas audit committee and a member of the nomination and remuneration committees

Andrew Benitz - Chief Executive Officer

Mr Benitz is a former CEO and Director of Longreach Oil and Gas Ltd. Mr Benitz joined Longreach in 2009 as Chief Operating Officer. He previously worked at Deutsche Bank within the Oil and Gas Corporate Finance team and within the Equity Capital Markets team. He is also founder and director of Titan Properties SL, a real estate business in Spain. Mr Benitz completed his undergraduate studies at Edinburgh University and the University of Alberta, graduating with a Bachelor of Commerce (Honours).

Ron Lansdell - Chief Operating Officer

Mr Lansdell was Vice President of Exploration and Director at Longreach Oil and Gas Ltd. Mr Lansdell has held a number of senior technical and commercial roles during a 15 year career at ENI S.p.a./Agip (“ENI/Agip”). These roles included being posted to Nigeria, Kazakhstan and the United Kingdom. Mr Lansdell began his career in 1972 in seismic data acquisition and processing, initially at Digicon Inc. and then CGG in London, before joining Elf in Norway and then BHP Petroleum as Exploration Coordinator Western Australia. He spent nine years with Elf Aquitaine S.A. (in Norway, France and Syria) and then joined Qatar General Petroleum Corporation as Chief Geophysicist in Qatar before joining Eni/Agip. Mr Lansdell graduated in geology from the University of London.

Frank Moxon - Non-Executive Director

Frank is Managing Director of Hoyt Moxon Ltd, a corporate finance consultancy. He has over 25 years’ experience as a corporate financier to developing and growth companies in a wide range of industrial sectors, but has specialised for some 17 years in natural resources, and is or has been a director of a number of mining and oil & gas companies quoted in London, Australia and Canada. Amongst other things he is a former head of corporate finance at Williams de Broë Plc and, until its August 2012 sale to PTT for £1.2 billion, was senior independent non-executive director at Cove Energy Plc. He has a BSc in Economics and is a Chartered Fellow of the Chartered Institute for Securities and Investment, a Fellow of the Energy Institute and a member of the Petroleum Exploration Society of Great Britain.

 

Scott Richardson Brown - Finance Director

Scott Richardson Brown is a Fellow of the Institute of Chartered Accountant in England & Wales with wide experience working with AIM, FTSE 250 and FTSE 100 companies. Beginning his career at Coopers & Lybrand (later PricewaterhouseCoopers) in the Banking and Capital Markets division, he later became a Partner in the Corporate Broking/Finance division of Oriel Securities Limited covering a range of sectors including oil and gas. He left Oriel to become Corporate Finance and Investor Relations Director for CSR plc, a FTSE 250 semiconductor company, where, in addition to the day-to-day capital and corporate finance activities, he managed a number of corporate transactions. Immediately prior to joining Jersey Oil and Gas, Mr Scott Richardson Brown was Executive Finance Director of Ascent Resources plc an AIM listed European Oil and Gas group where he led a number of fund raisings and transactions as he helped to attempt to turn the company around.

 

John Church - Company Secretary

John Church is a Chartered Accountant with over 30 years' experience across a variety of industries, having worked with both small and large companies in the private and quoted arenas. Mr Church founded TCP Chartered Accountants in 1985, which was subsequently sold in 2008 when he joined Jersey Oil and Gas. In addition, Mr Church currently sits on the board of a number of private companies, ranging from early stage resource companies to property companies, and is a Fellow of the Institute of Chartered Accountants in England and Wales.

 

For information on the Senior Technical Team, please click here

Significant Shareholders                                                                                          

Any person with a holding of 3% or more in any class of AIM security (excluding treasury shares)

Mr R Lansdell  8.90%
Mr A Benitz  6.31%
Hargreaves Lansdown Asset Management  4.34%
A J Bell Securities  4.28%
The Gascoigne Trust  3.91%
Jarvis Investment Management  3.43%

 Last updated 13 September 2017

Jersey Oil and Gas PLC

Howard House
9 The Esplanade St Helier
Jersey, Channel Islands
JE2 3QA

t. +44 (0)1534 858 622
f. +44 (0)1159 862 412

Financial and Nominated Adviser

Strand Hanson Limited
26 Mount Row
London W1K 3SQ

Broker

Arden Partners plc
125 Old Broad Street
London
EC2N 1AR

Broker

BMO Capital Markets
95 Queen Street
London
EC4V 4HG

Auditors

PricewaterhouseCoopers LLP
32 Albyn Place
Aberdeen AB10 1YL

Financial PR

Camarco
107 Cheapside
London
EC2V 6DN

Registrars

Equiniti Limited
Aspect House
Spencer Road
Lancing
West Sussex BN99 6DA

Legal Counsel

Pinsent Masons LLP
30 Crown Place
Earl Street
London
EC2A 4ES

 

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