Jersey Oil & Gas plc (JOG) received £233,334 following notice to exercise options to subscribe for a total 111,667 new ordinary shares of 1p each in the capital of the company.
The options, scheduled to expire shortly, were exercised by a number of former employees.
Following admission, the company’s enlarged share capital will comprise 32,665,960 ordinary shares each with one voting right. JOG holds no shares in treasury.