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'A transformational year for us', says Jersey Oil & Gas' Scott Richardson Brown

Scott Richardson Brown, finance director at Jersey Oil & Gas Plc (LON:JOG) runs Proactive through their financial results statement for 2016, telling Andrew Scott they're looking forward to summer drilling.

Partnered with Statoil the company will be part of a high impact exploration programme, to test the Verbier prospect which has the potential to contain some 162mln barrels of oil.

Quick facts: Jersey Oil and Gas PLC

Price: 161 GBX

LSE:JOG
Market: LSE
Market Cap: £35.15 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