Last checked at 6 May 2021 07:00
6 May 2021
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
Posting of Annual Report and Accounts and Notice of Annual General Meeting
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 it will today post to shareholders copies of its Annual Report and Accounts for the year ended 31 December 2020 together with the Notice of Annual General Meeting ("AGM") and Form of Proxy. An electronic copy of these documents will also be made available on the Company's website (www.jerseyoilandgas.com).
The AGM will be held on Wednesday 2 June 2021 at 10.00am at Ground Floor, 5 St Andrew's Place, St Helier, Jersey, Channel Islands JE2 3RP. In light of the Coronavirus (COVID-19) pandemic and the UK Government's measures currently in force, the AGM this year will be run as a closed meeting. Regrettably therefore, it will not be possible for shareholders to attend the AGM and the Company will be unable to allow entry to anyone seeking to attend the AGM in person.
Shareholders are therefore strongly encouraged to vote by proxy. The Company will convene the AGM with the minimum necessary quorum of two shareholders (which the Company will facilitate) and will include all valid proxy votes in its polls at the AGM. The format of the meeting will be purely functional and will comprise only the formal votes.
After the conclusion of the AGM, the Company will provide a pre-recorded audio corporate presentation, together with an incorporated Q&A section, that will answer a selection of questions received from shareholders. This will be uploaded onto the Company's website. Shareholders are encouraged to submit questions to the Company to be included in the presentation by 5.00pm on Thursday 27 May 2021 via email at the following address: agmquestions@jerseyoilandgas.com
The current situation is evolving and the Government may change current restrictions relating to the holding of general meetings during the affected period. The Company will make any further announcements that may be required by way of a Regulatory News Service and on the Company's website.
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 |
finnCap Ltd | Christopher Raggett Tim Redfern | Tel: 020 7220 0500 |
Camarco | Billy Clegg James Crothers Rebecca Waterworth | 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 ("GBA"), which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 100% working interest in the P2170 Licence Blocks 20/5b & 21/1d, that contain the Verbier oil discovery and other exploration prospects.
JOG's total GBA acreage is estimated by management to contain 190 million barrels of oil equivalent ("mmboe") of discovered P50 recoverable resources net to JOG, in addition to significant exploration upside potential of approximately 220 mmboe of prospective resources in close proximity to the Company's planned Buchan platform. JOG has recently concluded the Concept Select phase of an FDP for the Greater Buchan Area and plans to progress into Front End Engineering and Design (FEED) later this year.
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.