STOCK WATCH

SHARES in Jersey Oil & Gas fell another 10pc yesterday after an underwhelming result from a well earlier this week.

The North Sea oil explorer’s stock lost almost 60pc of its value on Wednesday after it said the Verbier well contained only around 25m barrels of oil equivalent. This was at the lower end of a range that went from 25m to 130m barrels of oil equivalent.

Shares closed down 10.1pc, or 9.5p, at 84.5p. They were around 230p at the start of this week.