This independent North Sea focused upstream oil and gas company is focused on upstream operations in the UK North Sea
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Some pretty crazy valuations around these days.
20m market cap, 13m cash and no debt. Full free carries on current north sea operations
And the thing not many noticed… a hint at a pivot away from UK and North Sea 
Cheap!
“As at 30 June 2024, the Company had a cash balance of approximately £13 million and no debt.”
“ it is now looking through a wider lens than the historic focus on purely UK oil and gas assets”
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Trump says get rid of windmills and open up the North Sea 
regardless… JOG is cheap, pretty much trading at cash with operations farmed out
https://www.reuters.com/business/energy/trump-calls-open-up-north-sea-get-rid-windmills-2025-01-03/