Jersey Oil and Gas has wrapped up its acquisition the remaining 12% of the Verbier discovery in the UK North Sea.
A group of oil and gas firms have joined forces to plan the delivery of more than 200 million barrels from the outer Moray Firth.
Jersey Oil and Gas (JOG) has insisted there is “still plenty to play for” despite disappointing results at its Verbier discovery in the North Sea.
Shares in Jersey Oil and Gas nosedived by nearly 60% today after the company revealed disappointing results at a UK North Sea well.
Aberdeen-based Verus Petroleum has announced the latest private-equity-backed swoop for a package of North Sea assets.