18:00 Mon 04 Jan 2021
Jersey Oil & Gas PLC - TGS Dispute Settlement Payment
4 January 2021
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
TGS Dispute Settlement Payment
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company, focused on the
Following this payment, which is settling a one-off and isolated dispute, the group's estimated cash position at
We look forward updating shareholders on the group's Greater
Enquiries:
Jersey Oil and Gas plc
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C/o Camarco: Tel: 020 3757 4983 |
Strand Hanson Limited |
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Tel: 020 7409 3494 |
Arden Partners plc |
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Tel: 020 7614 5900 |
BMO Capital Markets Limited |
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Tel: 020 7236 1010 |
Camarco |
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Tel: 020 3757 4983 |
Notes to Editors:
Jersey Oil & Gas is a
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, which includes 4 drill ready prospects with combined estimated P50 prospective resources of 222 MMboe that are within close proximity of the planned GBA hub development. JOG is currently progressing the concept select phase of an FDP for the Greater
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
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