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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jersey Oil And Gas Plc | LSE:JOG | London | Ordinary Share | GB00BYN5YK77 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 162.00 | 162.00 | 164.00 | 0.00 | 07:30:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 0 | -3.11M | -0.0954 | -16.98 | 52.74M |
TIDMJOG
RNS Number : 8828T
Jersey Oil and Gas PLC
30 March 2021
30 March 2021
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
Posting of Circular
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that it has posted a Circular to Shareholders in relation to the Fundraising announced on 17 March 2021, which will also be made available on the Company's website at https://www.jerseyoilandgas.com/ .
With regard to the offer for subscription element of the Fundraising, Qualifying Participants will also receive an Application Form enabling them to apply for, in aggregate, up to 1,212,121 new Ordinary Shares at a price of 165 pence per Ordinary Share to raise up to GBP2 million (gross).
Capitalised terms used in this announcement shall have the same meanings as the definitions in the Company's announcement of 17 March 2021 and in the Circular.
Offer timetable 2021 Record Date for the Offer 25 March Publication of the Circular and the 29 March accompa nying F orm of Pro xy and Application F orm Latest time and date for receipt of 10.00 a.m. on 12 completed F orms of Pro xy and receipt April of electronic p r ox y appointments via the CRES T s y stem for the General Meeting Latest time f o r receipt of completed 10.00 a.m. on 12 Application F orms and pa yment in full April under the Offer General Meeting 10.00 a.m. on 14 April Announcement of result of General Meeting 14 April and the Offer Admission and commencement of dealings 8.00 a.m. on 15 in the New Ordinary Shares on AIM April CREST accounts expected to be credited 8.00 a.m. on 15 for the Placing Shares, Subscription April Shares and Offer Shares Latest date for posting of share certi 22 April cates for the New Ordinary Shares in certi cated form (if applicable)
Each of the times and dates above refer to London time and are subject to change by the Company (with the agreement of the Joint Brokers), in which case details of the new times and dates will be noti ed to the London Stock Exchange and the Company will make an appropriate announcement through a Regulatory Information Service.
Enquiries :
Jersey Oil and Gas Andrew Benitz, C/o Camarco: plc CEO Tel: 020 3757 4983 Strand Hanson Limited James Harris Tel: 020 7409 3494 Matthew Chandler James Bellman Arden Partners plc Paul Shackleton Tel: 020 7614 5900 Ruari McGirr Akhil Shah f innCap Ltd Christopher Raggett Tel: 020 7220 0500 Tim Redfern Camarco Billy Clegg Tel: 020 3757 498 James Crothers
Notes to Editors :
Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area ("GBA"), which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 100% working interest in the P2170 Licence Blocks 20/5b & 21/1d (subject to the Oil & Gas Authority's approval of the acquisition of CIECO V&C UK Limited as announced on 26 November 2020), that contain the Verbier oil discovery and other exploration prospects.
JOG's total GBA acreage is estimated by management to contain 190 million barrels of oil equivalent ("mmboe") of discovered P50 recoverable resources net to JOG, in addition to significant exploration upside potential of approximately 220 mmboe of prospective resources in close proximity to the Company's planned Buchan platform. JOG has recently concluded the Concept Select phase of an FDP for the Greater Buchan Area and plans to progress into Front End Engineering and Design (FEED) later this year.
JOG is focused on delivering shareholder value and growth through creative deal-making, operational success and licensing rounds. Its management is convinced that opportunity exists within the UK North Sea to deliver on this strategy and the Company has a solid track-record of tangible success.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
March 30, 2021 02:00 ET (06:00 GMT)
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