JOG has completed the acquisition of a 12% interest in UK licence P2170, announced in Q4. This transaction includes minimal upfront payment and raises JOG’s stake in the Verbier discovery and a number of high-impact exploration prospects to 100%, consolidating its Greater Buchan Area position and simplifying the recently launched farm-out process. This process should complete by year-end and is critical to unlocking the major upside potential that exists from the GBA development. No change to ou ....
07 Apr 2021
Jersey Oil & Gas - Completion of acquisition
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Jersey Oil & Gas - Completion of acquisition
Jersey Oil & Gas PLC (JOG:LON) | 154 0 0.0% | Mkt Cap: 50.5m
- Published:
07 Apr 2021 -
Author:
Jonathan Wright -
Pages:
4
JOG has completed the acquisition of a 12% interest in UK licence P2170, announced in Q4. This transaction includes minimal upfront payment and raises JOG’s stake in the Verbier discovery and a number of high-impact exploration prospects to 100%, consolidating its Greater Buchan Area position and simplifying the recently launched farm-out process. This process should complete by year-end and is critical to unlocking the major upside potential that exists from the GBA development. No change to ou ....