STOCK WATCH

JERSEY Oil & Gas slumped after it was snubbed by the UK arm of Norwegian energy giant Equinor.

Equinor chose not to take a 50pc stake in Jersey’s Greater Buchan field in the North Sea.

The companies already work together on another project nearby.

Jersey’s boss Andrew Benitz told investors that Equinor’s decision gives the company ‘greater flexibility’.

But shares in the AIM-quoted firm dived yesterday by 11.1pc, or 25p, to 200p.