JOG has announced a set of substantial new UK North Sea licence awards from the OGA, and a three-month option agreement for Equinor to take a 50% interest in these. JOG has been awarded 100% in several blocks which contain the Buchan field (82mmboe gross mean contingent resource, expected 98% oil), Buchan Andrew discovery (3mmboe gross mean contingent resource) and J2 discovery (20mmboe gross mean contingent resource). These are located next door to JOG’s existing P2170 licence in the O
22 Jul 2019
Jersey Oil and Gas - New licence awards and Equinor option
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Jersey Oil and Gas - New licence awards and Equinor option
Jersey Oil & Gas PLC (JOG:LON) | 162 21.1 8.7% | Mkt Cap: 53.1m
- Published:
22 Jul 2019 -
Author:
Daniel Slater, CFA -
Pages:
3
JOG has announced a set of substantial new UK North Sea licence awards from the OGA, and a three-month option agreement for Equinor to take a 50% interest in these. JOG has been awarded 100% in several blocks which contain the Buchan field (82mmboe gross mean contingent resource, expected 98% oil), Buchan Andrew discovery (3mmboe gross mean contingent resource) and J2 discovery (20mmboe gross mean contingent resource). These are located next door to JOG’s existing P2170 licence in the O