Jersey Oil & Gas announced it has farmed out a 30% interest in the Greater Buchan Area (“GBA”) to Serica Energy. Upon completion of the Serica farm-out, Jersey will hold a 20% interest in the GBA and a full carry on the capital expenditures required to bring the Buchan field into production. The company stated that the Serica farm-out terms are on identical pro-rata terms to the farm-out previously completed with NEO Energy. As such the company stated it has received total cash payments amountin ....
23 Nov 2023
Jersey Oil & Gas - Second Farmout on GBA Secured for Full Carry
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Jersey Oil & Gas - Second Farmout on GBA Secured for Full Carry
Jersey Oil & Gas PLC (JOG:LON) | 148 0 0.0% | Mkt Cap: 48.3m
- Published:
23 Nov 2023 -
Author:
Brendan Long -
Pages:
5
Jersey Oil & Gas announced it has farmed out a 30% interest in the Greater Buchan Area (“GBA”) to Serica Energy. Upon completion of the Serica farm-out, Jersey will hold a 20% interest in the GBA and a full carry on the capital expenditures required to bring the Buchan field into production. The company stated that the Serica farm-out terms are on identical pro-rata terms to the farm-out previously completed with NEO Energy. As such the company stated it has received total cash payments amountin ....