Jersey Oil and Gas (JOG) has posted heavy losses in its full-year results after a “great disappointment” at its Verbier discovery in the North Sea.
Jersey oil and gas
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.
Drilling on the Verbier discovery has delivered underwhelming results, but partners remain optimistic they can salvage the North Sea field.
The drilling of an appraisal well on the Verbier discovery has been pushed back for a second time, a project partner revealed today.
North Sea exploration and production firm Jersey Oil and Gas said today that the drilling of an appraisal well on the Verbier discovery had been delayed.
Petroleum Geo-Service has completed a 3D seismic survey on the outer Moray Firth licence containing the Verbier discovery.
Bosses at Jersey Oil and Gas are targeting the acquisition of North Sea production assets as the firm’s activity in the basin ramps up.
Jersey Oil and Gas swung back to profit last year thanks to "beneficial" financial arrangements on a North Sea licence.
The owners of a licence containing a significant North Sea discovery have agreed to pay for a new 3D seismic survey of the area.
Bosses at Jersey Oil and Gas have said the company’s North Sea exploration ambitions won’t stop at the Verbier field in the near future.
Jersey Oil and Gas said today that efforts to book a rig for an appraisal well on the Verbier prospect in the North Sea were at an advanced stage.
North Sea minnow Jersey Oil and Gas said today that it would raise £20million through an equity placement.
UK North Sea oil explorers may have suffered “collective brain freeze” when coming up with their ambitious 2017 drilling targets, an analyst has said.
The Verbier field is well worth taking a second look at and could morph into a larger project, an analyst said.
Shares in Jersey Oil and Gas jumped 40% yesterday morning after the firm gave investors hope over the North Sea Verbier field.
Jersey Oil & Gas (JOG) said a North Sea sidetrack was "unlikely" after disappointing drilling results.
Jersey Oil and Gas could scarcely have dreamt that the farm-out process for the North Sea Verbier prospect would go so smoothly.
Parkmead Group’s boss said yesterday that the Aberdeen firm would stay on the acquisition trail as it leads efforts to create a large North Sea hub.
Jersey Oil and Gas has welcomed new figures showing higher than anticipated reserves at two North Sea interests.
The search for the rig that will drill a North Sea well this summer is under way.
Jersey Oil and Gas said it is working with its partners on possible acquisitions which could lead to it having a number of producing oil and gas assets in the future on the UKCS.
The boss at Jersey Oil and Gas (LON: JOG) yesterday said he was confident of finding investors willing to support the firm’s North Sea acquisition strategy.
Norwegian energy giant Statoil has bought a 70% stake in a UK North Sea licence for $2million.
The boss of acquisition focused oil and gas junior Jersey Oil and Gas said he believed the North Sea oil and gas industry has had its Northern Rock moment of panic and was now getting on with the task of reestablishing itself as a viable sector.