Jersey Oil & Gas Results this morning from JOG which are as usual meaningless, it was after the year end that JOG had the disappointment of the Verbier appraisal well. Despite this news the resources are thought to be commercial even at the lower end of the 25-130m barrel range. With a number of additional prospects at Verbier and elsewhere on the licence such as Cortina, being assessed by the JV and reviewed with the help of the new seismic data shot last year there are genuine grounds for optimism. In addition, the 31st Supplementary Offshore Licence Round has the opportunity to create a new area hub that would create value across the area. The company remains well funded with y/end cash of £19.8m less around £5m to contribute to the Verbier well so with a number of potential ‘catalysts’ the worst looks to be behind the company, directors buying shares also helps.
Jersey Oil and Gas Plc (JOG.L) Announced, in its audited results for the year ended 31 December 2018, that the gross loss widened to £0.609 million from £0.013 million posted in the same period preceding year. The company’s loss before tax stood at £1.996 million, compared to loss of £0.727 million reported in the previous year. The basic loss per share stood at 9.15p compared to loss per share of 6.49p reported in the previous year. The company’s cash and equivalents stood at £19.78 million.
Jersey Oil& Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce its audited results for the year ended 31 December 2018.. ·Preparation for the Verbier Appraisal Well: The West Phoenix semi-submersible rig was contracted for drilling, as part of a larger Equinor operated drilling...
RNS Number: 6927 W Jersey Oil and Gas PLC 18 April 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6917 W Jersey Oil and Gas PLC 18 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6482 W Jersey Oil and Gas PLC 18 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3207 W Jersey Oil and Gas PLC 16 April 2019 16 April 2019. Jersey Oil& Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, was yesterday notified of the following acquisition of ordinary shares of 1 p each in the capital of the Company on 15 April 2019 by directors of the Company:.
Jersey Oil & Gas JOG has announced this morning that the rig has moved away from its location at Verbier after all the drilling operations had been completed. More importantly the better news for shareholders is that Equinor has confirmed that it will complete the full re-evaluation of the licence area, combining recent well results and data with the fully processed 3D seismic data which is expected to be delivered in June 2019 in order to better understand the reservoir distribution of the preliminary target. It has been a difficult week for the company and for its shareholders but the news that Equinor is not heading for the hills indicates that there is genuinely something worth assessing here and that it would be premature to abandon the area until at least the substantial seismic package has been assessed and that deeper targets and other opportunities had been processed. CEO Andrew Benitz said that ‘the well results were disappointing but we have plenty to play for in both Verbier and the remainder of our acreage’. The fat lady has not sung yet and shareholders who remain can have hope that if Equinor is not giving up hope then neither should they.
Jersey Oil & Gas (JOG.L) 71.5p £16.37m Jersey Oil & Gas, an independent upstream oil and gas company ‎focused on the UK Continental Shelf region of the North Sea, announced that the West Phoenix semi-submersible rig which drilled the 20/05b-14 Verbier appraisal well has now moved off location. The well was drilled safely and below budget. JOG advised that Equinor UK Limited, as the committed operator of the P2170 Licence, has confirmed to the co-venturers that it will complete the already planned full re-evaluation of the licence area, combining the recent appraisal well results and data collected during operations with the fully processed 3D broadband seismic data, acquired in 2018 and which is expected to be delivered in June 2019, in order to better understand the reservoir distribution of the primary target. The evaluation will also include an assessment of additional prospectivity in the deeper targets and the other previously identified exploration opportunities, including Cortina, before making a recommendation to the co-venturers on a potential future appraisal/ exploration programme. The co-venturers in the P2170 Licence and their respective interests are: Equinor 70%, JOG 18% and CIECO V&C (UK) Limited 12%.
Jersey Oil and Gas Plc (JOG.L) Announced that the West Phoenix semi-submersible rig which drilled the 20/05b-14 Verbier appraisal well has now moved off location. The well was drilled safely and below budget. The company is pleased to advise that Equinor UK Limited ("Equinor"), as the committed operator of the P2170 Licence, has confirmed to the co-venturers that it will complete the already planned full re-evaluation of the licence area, combining the recent appraisal well results and data collected during operations with the fully processed 3D broadband seismic data, acquired in 2018 and which is expected to be delivered in June 2019, in order to better understand the reservoir distribution of the primary target. The evaluation will also include an assessment of additional prospectivity in the deeper targets and the other previously identified exploration opportunities, including Cortina, before making a recommendation to the co-venturers on a potential future appraisal/exploration programme.The coventurers in the P2170 Licence and their respective interests are: Equinor 70%, JOG 18% and CIECO V&C (UK) Limited 12%.
RNS Number: 1224 W Jersey Oil and Gas PLC 15 April 2019 1 5 April 201 9. Jersey Oil& Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, announces that the West Phoenix semi-submersible rig which drilled the 20/ 05 b-14 Verbier appraisal well has now moved off location. JOG is pleased to advise that Equinor UK...
RNS Number: 8227 V Jersey Oil and Gas PLC 10 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1576 V Jersey Oil and Gas PLC 04 April 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1568 V Jersey Oil and Gas PLC 04 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Jersey Oil & Gas JOG has announced the Verbier appraisal test results which reveal that the well did not encounter the Upper Jurassic sands as anticipated. This result will commute the resource estimates to the bottom end of the previously published range, 25 m boe. There is obviously significant disappointment at JOG which is understandable but there is plenty to be getting on with. The fact that the partners had the huge 3D seismic survey done means that they can integrate those results with the well data and evaluate the potential for further Verbier appraisal in particular to the north which is untested and also a deeper horizon below Verbier. With the Cortina prospect to be assessed, an imminent licencing round which should offer nearby opportunities and the area looking likely to have the potential to be a local development hub all is not lost. I imagine that the partners were disappointed and surprised in equal measure when they saw the result, a feeling I share but I remain confident that the excellent team at JOG will come back fighting and they remain well funded for the ongoing return to growth and will live to fight another day.
RNS Number: 0023 V Jersey Oil and Gas PLC 03 April 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0013 V Jersey Oil and Gas PLC 03 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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Company Profile

Jersey Oil and Gas ("JOG") is an independent oil and gas company operated from Jersey, Channel Islands.

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Locations

HQ
Howard House
9 The Esplanade
JE2 3QA
St. Helier
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