Company Web site : HTTP://www.jerseyoilandgas.com/

Jersey Oil and Gas is a London listed UK E&P Company focused on building its position in the UK North Sea.

In October 2017 JOG announced an oil discovery in the Verbier sidetrack well, 20/05b-13Z drilled in License P2170. The well was drilled safely and within budget to the planned total depth of 3811m and a suite of log data had been acquired via Logging While Drilling (“LWD”), including pressure data.

Preliminary analysis indicates

* The well has proven a hydrocarbon accumulation in good quality sands, up dip of the water bearing sands encountered in the initial well

*Initial Operator estimates of gross recoverable resources associated with the Verbier discovery are between 25 and 130 million barrels of oil equivalent, with a minimum proven recoverable volume, in the immediate vicinity of the well bore, of 25 million barrels of oil equivalent

In addition to confirming the presence of oil in the Verbier prospect, this discovery provides valuable information to help better understand the prospectivity of the license area, which includes the Cortina prospect and the Meribel lead.


June 2018 Presentation : LINK CLICK HERE

Couple of months to drilling. News should also come before then with an update on the 3D.

https://www.investegate.co.uk/jersey-oil---38--gas-plc--jog-/rns/operational-update/201901161313172776N/

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Buy rating from Simon Thompson at the IC.

Write up can be seen in this post for anyone using AFN.

Link click here

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