26 Jan 2021
WHI Equity Research: Jersey Oil & Gas (JOG) - Material Increase to Buchan Resource Estimate
Jersey Oil & Gas has announced a significant increase to the best estimate contingent resource estimate of the Buchan oil field to 126 mmb of oil, from 81 mmb of oil. The increase reflects an improved understanding of the subsurface and is premised on dynamic reservoir modelling completed by Schlumberger (in conjunction with teams from Rockflow Resources and Jersey Oil & Gas). As a result of the change, the recoverable oil estimate from the Greater Buchan Area, inclusive of core satellite fields ....
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WHI Equity Research: Jersey Oil & Gas (JOG) - Material Increase to Buchan Resource Estimate
Jersey Oil & Gas PLC (JOG:LON) | 154 -6.1 (-2.5%) | Mkt Cap: 50.1m
- Published:
26 Jan 2021 -
Author:
Brendan Long -
Pages:
7
Jersey Oil & Gas has announced a significant increase to the best estimate contingent resource estimate of the Buchan oil field to 126 mmb of oil, from 81 mmb of oil. The increase reflects an improved understanding of the subsurface and is premised on dynamic reservoir modelling completed by Schlumberger (in conjunction with teams from Rockflow Resources and Jersey Oil & Gas). As a result of the change, the recoverable oil estimate from the Greater Buchan Area, inclusive of core satellite fields ....