Last checked at 2 Feb 2021 07:00
02 February 2021
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
Updated Corporate Video and Corporate Presentation
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce the availability of an updated corporate animation video, which illustrates our vision for resuming future production from our 100% owned and operated Buchan oil field in addition to the wider Greater Buchan Area. This is accompanied by a corporate presentation.
The Buchan Oil Field - A New Beginning Corporate video is available to view on the Company's website at: www.jerseyoilandgas.com/media/videos/
Jersey Oil and Gas Corporate Presentation is available to download on the Company's website at: www.jerseyoilandgas.com/investors/presentations/
Enquiries:
Jersey Oil and Gas plc
| Andrew Benitz, CEO | C/o Camarco: Tel: 020 3757 4983 |
Camarco | Billy Clegg James Crothers Rebecca Waterworth | Tel: 020 3757 4983 |
Notes to Editors:
Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area ("GBA"), which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 100% working interest in the P2170 Licence Blocks 20/5b & 21/1d (subject to OGA approval of the acquisition of CIECO V&C UK Limited as announced on 26 November 2020), that contain the Verbier oil discovery and other exploration prospects.
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 Buchan Area.
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 UK North Sea to deliver on this strategy and the Company has a solid track-record of tangible success.