Jersey Oil & Gas plc said that first production from the Buchan field has been deferred to late 2027 due to uncertainty of financial policies following the early General Election in July. FDP Operator NEO Energy is currently working on the field development plan, the completion and approval of which is linked to “fiscal clarity” […]
Tag: Jersey Oil & Gas plc (JOG)
Serica completes 30% acquisition of GBA licences
Serica Energy plc has completed its 30% non-operated acquisition in the Great Buchan Area licences P2498 and P2170 from Jersey Oil & Gas plc. DEVELOPMENT The GBA contains oil and gas accumulations 150km northeast of Aberdeen, and comprises the largest field Buchan, now renamed Buchan Horst, and Verbier. Project partners are now operator NEO Energy […]
JOG issues shares in directors’ dealings
Jersey Oil & Gas plc (JOG) reported senior management and persons closely associated purchases of ordinary shares in the company. On 30 January, non-executive chairman Les Thomas and his wife bought 10,000 ordinary shares at 180p per ordinary share, taking their holding to 43,000 equal to 0.13% of the enlarged capital of the company. Non-executive […]
JOG receives £233,334 via options exercise
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 […]
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 […]