Last checked at 3 Jun 2020 10:22
3 June 2020
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" 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 6 May 2020, were all duly approved by shareholders.
The Company is pleased to note that it has uploaded an updated and narrated corporate presentation which includes answers to certain questions submitted by shareholders ahead of the meeting. The presentation can be accessed from the Company's website or via the following link: https://www.jerseyoilandgas.com/investors/presentations/
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 a 100% working interest in Licence P2498, Blocks 20/5a & 21/1a that contain the Buchan oil field, the Buchan Andrew and J2 oil discoveries, Licence P2499, Block 21/2a that contains the Glenn oil discovery and 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 concept select phase 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.