JOG has announced the spud of its Verbier well (JOG 18%) by JV operator Statoil, using the Transocean Spitsbergen rig. The well is expected to take between 30 and 70 days to drill: the top end of this range would be the result of drilling a side track, which would be considered on success in the initial well, and as such there could be an initial result as early as mid September.
14 Aug 2017
Verbier well spud
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Verbier well spud
Jersey Oil & Gas PLC (JOG:LON) | 156 2.3 1.0% | Mkt Cap: 51.0m
- Published:
14 Aug 2017 -
Author:
Daniel Slater, CFA -
Pages:
3
JOG has announced the spud of its Verbier well (JOG 18%) by JV operator Statoil, using the Transocean Spitsbergen rig. The well is expected to take between 30 and 70 days to drill: the top end of this range would be the result of drilling a side track, which would be considered on success in the initial well, and as such there could be an initial result as early as mid September.