Last checked at 6 Apr 2020 07:00
6 April 2020
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
Appointment of Board Adviser
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 appointment of Dr Chris Haynes, OBE FREng CEng FIMechE FIEAust, as a Board Adviser to the Company.
Mr Haynes is a non-executive director of Woodside Petroleum Limited and Worley Limited. Chris has a wealth of experience gained from a 39-year career with the Shell Group of Companies and their affiliates where, in 2008, Chris assumed responsibility for the delivery of Shell's major upstream projects worldwide. He retired from Shell in August 2011.
Subsequently, Chris has worked in oil and gas exploration and production, LNG and chemicals businesses, primarily in project development and delivery, and in operations. Chris graduated from the University of Manchester with a Bachelor of Science degree with Honours in Mechanical Engineering and obtained his Doctorate in Applied Sciences from the University of Sussex. He is a Chartered Engineer and Fellow of the Institution of Mechanical Engineers in the United Kingdom and also a Fellow of the Institution of Engineers, Australia. Chris was appointed to the Order of the British Empire in June 2009 for his services to the British oil and gas industry in Nigeria and is also a Fellow of the Royal Academy of Engineering in the United Kingdom.
Andrew Benitz, CEO of Jersey Oil & Gas, commented:
"We are very pleased to welcome Chris to the Company as a Board Adviser. His wealth of project development experience, forged over a diverse 39-year career with Shell, will be of great benefit to JOG as we progress through the next stage gates of our highly exciting Greater Buchan Area development project. We look forward to working closely with Chris and benefitting from his oversight and advice."
Enquiries:
Jersey Oil and Gas plc
| Andrew Benitz, CEO | C/o Camarco: Tel: 020 3757 4983 |
| ||
Strand Hanson Limited | James Harris Matthew Chandler James Bellman | Tel: 020 7409 3494 |
| ||
Arden Partners plc | Paul Shackleton Benjamin Cryer | Tel: 020 7614 5900 |
| ||
BMO Capital Markets Limited | Jeremy Low Tom Rider | Tel: 020 7236 1010 |
| ||
Camarco | Billy Clegg James Crothers | 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, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries, and, following the acquisition of an additional 70% working interest announced in late January 2020 will, subject to completion, also assume operatorship of and hold an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.
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 appraise and select phases of a Field Development Plan ("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.