Jersey Oil and Gas well placed to unlock value - broker

Cavendish sees more than fivefold upside in Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF), arguing that the AIM-listed North Sea developer remains well placed to unlock value from its Greater Buchan Area interests. The stockbroker, in a note, repeated a ‘Buy' recommendation and a 537p target price, implying a 407% premium to the current 106p share price.