Jersey Oil and Gas PLC The Buchan Oil Field - A New Beginning (1201C)
October 15 2020 - 2:00AM
UK Regulatory
TIDMJOG
RNS Number : 1201C
Jersey Oil and Gas PLC
15 October 2020
15 October 2020
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
The Buchan Oil Field - A New Beginning
Corporate Video and Technical 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 a
corporate animation video, which illustrates our vision for
resuming future production from its 100% owned and operated Buchan
oil field in addition to the wider Greater Buchan Area. This is
accompanied by a comprehensive technical presentation detailing the
extensive subsurface qualities of Buchan and our development
plans.
The Buchan Oil Field - A New Beginning Corporate video is
available to view on the Company's website at:
https://www.jerseyoilandgas.com/media/videos/
The Buchan Technical Presentation is available to download on
the Company's website at:
www.jerseyoilandgas.com/investors/presentations/
Andrew Benitz, CEO of Jersey Oil & Gas, commented :
"We are very pleased to share our vision for the potential
future production of the iconic Buchan oil field, the core part of
our development plans for the wider Greater Buchan Area. JOG is
planning for a low carbon, sustainable oil development, supporting
the required energy transition phase and the UK economy for many
years to come. "
Enquiries :
Jersey Oil and Gas plc Andrew Benitz, CEO C/o Camarco:
Tel: 020 3757 4983
Strand Hanson Limited James Harris Tel: 020 7409 3494
Matthew Chandler
James Bellman
Arden Partners plc Paul Shackleton Tel: 020 7614 5900
Benjamin Cryer
BMO Capital Markets Limited Jeremy Low Tel: 020 7236 1010
Tom Rider
Camarco Billy Clegg Tel: 020 3757 4983
James Crothers
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, which includes operatorship
and 100% working interests in blocks that contain the Buchan oil
field and J2 and Glenn oil discoveries and an 88% working interest
in the blocks that contain the Verbier oil discovery and other
exploration prospects.
JOG's acreage is estimated by management to contain more than
140 million barrels of oil equivalent ("boe") of discovered mean
recoverable resources net to JOG, in addition to significant
exploration upside potential. 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.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
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END
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