Last checked at 24 May 2018 15:20
24 May 2018
Jersey Oil and Gas plc
("Jersey Oil & Gas" or the "Company")
Result of Annual General Meeting
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announces that the resolutions proposed at its Annual General meeting ("AGM") held earlier today, as set out in the formal Notice of Annual General Meeting dated 26 April 2018, were all duly approved by shareholders, save for Special Resolution 5 in respect of the dis-application of pre-emption rights which the Board elected to withdraw.
At the AGM, an updated corporate presentation was delivered by the Company's Chief Executive Officer, Mr Andrew Benitz, which is available to download on the Company's website at www.jerseyoilandgas.com.
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 | Chris Hardie Benjamin Cryer | Tel: 020 7614 5900 |
BMO Capital Markets Limited | Jeremy Low Neil Haycock Tom Rider | Tel: 020 7236 1010 |
Camarco | Billy Clegg Georgia Edmonds James Crothers | Tel: 020 3757 4983 |
Notes to Editors:
Jersey Oil & Gas is a UK E&P company focused on building a production-focused company in the North Sea. The Company owns an 18% interest in the P.2170 licence, Blocks 20/5b & 21/1d, Outer Moray Firth, in which the operator, Statoil (U.K.) Limited, owns a 70% interest and CIECO V&C (UK) Limited owns a 12% interest.
The Company plans to build a production portfolio via both organic development and acquisitions coinciding with the cyclical recovery in the oil price and the opportune buying market available in the North Sea. The Company is involved in multiple sales processes and intends to draw on its management team's experience, knowledge and expertise to deliver shareholder value from its stated growth strategy.