Malcys view23 Aug 2019 13:54
Jersey Oil & Gas
Another good day for JOG who have announced the additional award of 100% of block 21/2a in the 31st Supplementary Offshore Licencing Round, this contains the Glenn oil discovery and JOG will be operators. It is in the company’s favoured Greater Buchan Area and adds a further 14 mmboe of discovered mean recoverable resources.
CEO Andrew Benitz said ‘this makes 100% of all we applied for in the round and adds discovered resources as well as operatorship in our Buchan centred development hub plans for the GBA’. I remain convinced that JOG is in a very strong position and whilst the management remains in a company building mode shareholders can look forward with optimism.