Jersey announced that the co-venturers (18% Jersey, 70% Statoil operator, Cieco 12%) in respect of the Verbier discovery and Cortina prospect have approved a work programme and budget for 2018. The approved work programme and budget includes an appraisal well for the recent Verbier discovery (77.5 mmb gross, WHI mid-case estimate) and an option for a side-track well. The company indicated negotiations are advanced to contract a rig with drilling expected in the summer of 2018. Additional site su ....
29 Jan 2018
Appraisal Well Planned and Options Issued
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Appraisal Well Planned and Options Issued
Jersey Oil & Gas PLC (JOG:LON) | 156 2.3 1.0% | Mkt Cap: 51.0m
- Published:
29 Jan 2018 -
Author:
Brendan Long -
Pages:
5
Jersey announced that the co-venturers (18% Jersey, 70% Statoil operator, Cieco 12%) in respect of the Verbier discovery and Cortina prospect have approved a work programme and budget for 2018. The approved work programme and budget includes an appraisal well for the recent Verbier discovery (77.5 mmb gross, WHI mid-case estimate) and an option for a side-track well. The company indicated negotiations are advanced to contract a rig with drilling expected in the summer of 2018. Additional site su ....