16th Dec 2020 21:37
Jersey Oil & Gas PLC - North Sea focused upstream oil and gas company - Says Monday it completed subsurface evaluation across all of the its licensed acreage. "This evaluation has validated our existing prospectivity and has identified a significant new prospect named Wengen, located on Licence P2170, directly west of the producing Tweedsmuir field," company adds. Four of the prospects have been matured to drill-ready status: Verbier Deep, Cortina NE, Wengen and Zermatt with aggregate P50 prospective resources of 222 million barrels of oil equivalent. Individual probabilities of geological success range from 16% to 30%. Subject to funding, a drilling campaign is planned from 2022
Current stock price: 126.00 pence
Year-to-date change: down 16%
By Paul McGowan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Jersey Oil & Gas plc