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Jersey Oil & Gas appoints Vicary Gibbs as new chief financial officer

The appointment comes as the company awaits the Verbier appraisal well, which is due to spud in the first three months of 2019

oil and gas operations
Verbier is expected to take the discovery closer to development

Jersey Oil & Gas Plc (LON:JOG) has hired Vicary Gibbs as its new chief financial officer with immediate effect.

"I am delighted to welcome Vicary to the board and look forward to working with him in the years ahead, leveraging off his considerable experience as we look to grow the business organically with our core Verbier asset as well as continuing to evaluate and pursue accretive North Sea-focused acquisition opportunities,” said Marcus Stanton, Jersey chairman.

READ: Jersey Oil & Gas poised for exciting start to 2019 with new Verbier well

At the same time, Scott Richardson Brown has stepped down from his current role with immediate effect, in order to focus on his other directorships and business interests.

Stanton added: "I would like to take this opportunity to thank Scott for his contribution to the Company's development, as we transitioned through the restructuring of Trap Oil into Jersey Oil & Gas, followed by the successful Verbier oil discovery.”

Quick facts: Jersey Oil and Gas PLC

Price: 171.5 GBX

LSE:JOG
Market: LSE
Market Cap: £37.44 m
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Jersey Oil & Gas's Benitz: North Sea an exciting place to explore again

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. Drilling at...

on 26/4/18

2 min read