17:00 Thu 28 Jun 2018
Jersey Oil & Gas PLC - Completion of 3D Seismic Survey
28 June 2018
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Completion of 3D
Delivery of the final imaged data by PGS from the survey continues to be expected in late Q1 2019. This data will be integrated with the results from the Verbier appraisal well, scheduled for drilling late Q3/early Q4 this year, which, in a success case, will be an important step for strategic planning as the Verbier project progresses into a potential future development phase.
"We look forward to achieving a comprehensive update of our geological and geophysical understanding of the greater P.2170 licence area, integrating the results of the forthcoming Verbier appraisal well with the PGS newly acquired, high quality 3D dataset. The information to be derived from the appraisal well, together with the new 3D data, will be an important step towards the potential future development of the Verbier discovery and will facilitate our evaluation of other drillable prospects in the P.2170 licence area."
Enquiries:
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C/o Camarco: Tel: 020 3757 4983 |
Strand |
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Tel: 020 7409 3494 |
Arden Partners plc |
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Tel: 020 7614 5900 |
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Tel: 020 7236 1010 |
Camarco |
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Tel: 020 3757 4983 |
Qualified Person's Statement:
The information contained in this announcement has been reviewed and approved by
Notes to Editors:
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 current opportune buying market in the
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