Jersey Oil & Gas plc (JOG) has agreed a 50% farm-out with NEO Energy for the Greater Buchan area (GBA) licences in the North Sea. TRANSACTION TERMS The GBA comprises P2498 and P2170 licences, which contain the Buchan oil field, the J2 and Verbier oil discoveries and a number of exploration prospects. JOG said that […]
Tag: Jersey Oil & Gas plc (JOG)
JOG in farm-out talks with ‘industry heavyweight’
Jersey Oil and Gas plc (JOG) said it was in advanced exclusive discussions with a “significant UK North Sea operator” for the farm-out of the Greater Buchanan Area (GBA) in the central North Sea. LICENCES JOG owns operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 oil discovery. It […]
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 […]
Jersey Oil & Gas notes directors’ dealings
Jersey Oil & Gas plc (JOG) said that on 5 May, three directors of the company acquired ordinary shares of 1p each in the company. DIRECTORS The directors include chief executive officer Andrew Benitz, non-executive chairman Leslie Thomas and non-executive director Marcus Stanton. Director Number of Ordinary Shares Acquired Price per Ordinary Share Acquired (p) […]
JOG grants total 700,000 share options to CFO-CCO
Jersey Oil & Gas plc (JOG) has granted options over a total 700,000 ordinary shares of 1p each to its recently appointed chief financial officer and chief commercial officer. The options each have an exercise price of 147 pence representing the middle market closing price of an ordinary share on 19 November 2021. CFO Graham […]
JOG appoints Richard Smith as COO
Jersey Oil & Gas plc (JOG) has appointed Richard Smith as chief commercial officer. Mr Smith has more than 20 years’ experience in the oil and gas industry and wider energy sector. He has held various senior business development, commercial, corporate finance and strategy positions. Mr Smith was previously corporate development director at Ithaca Energy, […]