News Oil & Gas

JOG hopeful of GBA farm-out

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 […]

News Oil & Gas

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 & […]

Finance News Oil & Gas

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 […]