Jersey Oil&gas Regulatory News (JOG)

17 October 2017

Jersey Oil and Gas plc

("Jersey Oil & Gas" or the "Company")

Exercise of Options

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company ‎focused on the UK Continental Shelf region of the North Sea, announces that on Sunday, 15 October 2017 it received a notice of exercise from a former director of the Company in respect of certain options to subscribe for 5,244 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") (the "Option Shares") at a price of £1.00 per Option Share. In aggregate, the exercise of these options amounts to a cash subscription of £5,244.

Application has been made for the Option Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Option Shares will commence on AIM at 8.00 a.m. on 23 October 2017. Following Admission, the Company's total issued share capital will consist of 9,950,786 Ordinary Shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission.

Enquiries:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.