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 […]
Tag: Jersey Oil & Gas plc (JOG)
JOG agrees 30% GBA farm-out with Serica
Jersey Oil & Gas plc has agreed to farm out a 30% non-operated interest in the Greater Buchan Area (GBA) licences to Serica Energy (UK) Ltd. PARTNERS The GBA contains several oil and gas accumulations, 150km northeast of Aberdeen, of which the largest is the Buchan field. Buchan prouced for 30 years before operations stopped […]
JOG-NEO acquire Western Isles FPSO for Buchan
Jersey Oil & Gas plc (JOG) and NEO Energy have acquired the ‘Western Isles’ floating production, storage and offloading vessel to redevelop the Buchan field. PREPARATIONS In operation since early 2017, the processing facility is owned by operator Dana Petroleum (E&P) Ltd (76.9188%) and NEO (23.0812%). The vessel is scheduled to come off station from […]
JOG marks ‘clear pathway’ to monetise GBA
Jersey Oil & Gas plc (JOG) said it had a clear pathway to its commercial future following the farm-out of its Greater Buchan Area licences. PREPARATIONS Interim six-month results to 30 June, show the company held approximately £5.6 million cash with no debt. Loss for the period, before and after tax, was approximately £2.9m (2022: […]
JOG holds £6.6m after reducing losses for GBA
Jersey Oil & Gas plc (JOG) reduced its losses to leave it holding cash of £6.6 million for its assets in the Greater Buchan Area in the central North Sea. FINANCES Final results for the year ended 31 December 2022 showed JOG’s losses decreased to £3.1m (2021: £4.2m). The development company has yet to generate […]
JOG issues 600,000 share options
Jersey Oil & Gas plc (JOG) has granted options over a total 600,000 ordinary shares of 1p each, at an exercise price of 247.50 pence per ordinary share, to its directors, senior management and employees. EXECUTIVE DIRECTORS Chief executive officer Andrew Benitz received 150,000 options, taking his total options held to 800,000. Chief financial officer […]