Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, was today notified of the following acquisitions of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") on 23 July 2019 by a director of the Company:
Number of Ordinary Shares Acquired
Price per Ordinary Share Acquired (p)
Resultant Holding of Ordinary Shares
% of Issued Share Capital
Jersey Oil and Gas plc
Andrew Benitz, CEO
Tel: 020 3757 4983
Strand Hanson Limited
Tel: 020 7409 3494
Arden Partners plc
Tel: 020 7614 5900
BMO Capital Markets Limited
Tel: 020 7236 1010
Tel: 020 3757 4983
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
PDMR Notification Forms
The notifications below are made in accordance with the requirements of MAR.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the Notification
Non-Executive Chairman (Director)
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Jersey Oil & Gas plc
Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
Description of the Financial instrument, type of instrument
Ordinary shares of 1 penny each
Nature of the Transaction
Purchase of ordinary shares - market transaction
Price(s) and volume(s)
Aggregated volume Price
N/A (Single transaction)
Date of the transaction
23 July 2019
Place of the transaction
London Stock Exchange, AIM Market (XLON)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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Andrew Benitz of Jersey Oil & Gas PLC (LON:JOG) says pre-funding the seismic being shot over the Verbier acreage in North Sea allows the data to be optimised and is cheaper.
Capex for the appraisal programme will be at the upper end of £9-11mln including seismic.