02:00 Thu 11 Feb 2021
Jersey Oil & Gas PLC - Execution of 32nd Offshore Licensing Round Award
11 February 2021
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
Execution of 32nd Offshore Licensing Round Award - Block 20/5e
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the
Part block 20/5e is located within JOG's Greater
This part block has been incorporated within Licence P2498 (Blocks 20/5a & 21/1a) awarded to JOG in the OGA's 31st Offshore Supplementary Licensing Round that contains the Buchan oil field and the J2 oil discovery and form the basis of JOG's GBA Core development.
"I am pleased that the award of part block 20/5e has now been formalised. This represents a further step in delivering on our strategy of acquiring a controlling interest in the acreage that forms the Greater
Enquiries:
Jersey Oil and Gas plc
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C/o Camarco: Tel: 020 3757 4983 |
Strand Hanson Limited |
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Tel: 020 7409 3494 |
Arden Partners plc |
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Tel: 020 7614 5900 |
BMO Capital Markets Limited |
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Tel: 020 7236 1010 |
Camarco |
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Tel: 020 3757 4983 |
Notes to Editors:
Jersey Oil & Gas is a
JOG's total GBA acreage is estimated by management to contain more than 180 million barrels of oil equivalent ("mmboe") of discovered P50 recoverable resources net to JOG, in addition to significant exploration upside potential of more than 220 mmboe of prospective resources in close proximity to our planned Buchan platform. JOG is currently progressing the Concept Select phase of an FDP for the Greater
JOG is focused on delivering shareholder value and growth through creative deal-making, operational success and licensing rounds. Its management is convinced that opportunity exists within the
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