Jersey Oil & Gas plc (JOG) said it hoped for a farm-out agreement by the end of 2022 or during Q1 2023 for its assets in the Central North Sea. VERBIER EXTENSION The news comes as the company announced that the North Sea Transition Authority (NSTA) had extended its P2170 ‘Verbier’ licence for a second […]
Tag: Greater Buchan Area (GBA)
JOG completes acquisition of Verbier
Jersey Oil & Gas plc (JOG) has taken full control of licence P2170, containing the Verbier oil discovery, after completing its acquisition of CIECO V&C (UK) Ltd. FARM-OUT The purchase is from ITOCHU Corporation and Japan Oil, Gas and Metals National Corporation (JOGMEC). JOG paid £150,000 and two contingent payments based on the Oil & […]
JOG raises £15m via placing and subscription
Jersey Oil & Gas plc announced it had raised £15 million from an oversubscribed placing by way of an accelerated bookbuild. DIRECTOR DEALINGS The funds were raised through the placing of 9,054,548 new ordinary shares (placing shares) and a subscription for 36,361 new ordinary shares (subscription shares) at an issue price of 165 pence per share. Director Role […]
JOG seeks £10-£15m and launches farm-out for GBA
Jersey Oil & Gas plc (JOG) said it was in discussions to raise £10 to £15 million and it had launched a farm-out process for its Greater Buchan Area (GBA) in the North Sea. The announcement follows publication earlier this month of a concept select report showing a potential 172 MMboe of 2C contingent resource […]