Post-Budget, the share price of Jersey Oil and Gas (LON: JOG) bounced back because there were no nasty surprises in terms of North Sea taxation. The price fell back following the initial rise, but it was still 23.3% ahead on the week at 63.5p.
To put that in perspective, it is still two-thirds of the level it was at the beginning of the year. It is hoped that there will be stability in the tax regime and that could provide the conditions for the development of the Greater Buchan Area in the North Sea, where Jersey Oil and Gas has a 20% interest after framing out the rest to NEO Energy and ...
