Business
Completion of 3D Seismic Survey
Completion of 3D Seismic Survey.
About this update from Jersey Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 8314S Jersey Oil and Gas PLC 28 June 2018 \n\n28 June 2018\n \nJersey Oil and Gas plc\n(\"Jersey Oil & Gas\" or the \"Company\")\n \nCompletion of 3D Seismic Survey\n \nJersey 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, further to the Company's announcement of 24 April 2018, the 3D seismic survey over the P.2170 (Blocks 20/5b & 21/1d) (\"P.2170\") licence area and certain offset acreage conducted as part of a wider GeoStreamer MultiClient 3D seismic survey by Petroleum Geo-Services ASA (\"PGS\") in the Moray Firth area has now been completed on time and without any HSE incidents. \n \nDelivery of the final imaged data by PGS from the survey continues to be expected in late Q1 2019. This data will be integrated with the results from the Verbier appraisal well, scheduled for drilling late Q3/early Q4 this year, which, in a success case, will be an important step for strategic planning as the Verbier project progresses into a potential future development phase. \n \n \nAndrew Benitz, CEO of Jersey Oil & Gas, commented:\n\"We look forward to achieving a comprehensive update of our geological and geophysical understanding of the greater P.2170 licence area, integrating the results of the forthcoming Verbier appraisal well with the PGS newly acquired, high quality 3D dataset. The information to be derived from the appraisal well, together with the new 3D data, will be an important step towards the potential future development of the Verbier discovery and will facilitate our evaluation of other drillable prospects in the P.2170 licence area.\"\n \nEnquiries:\n\n\n\nJersey Oil and Gas plc\n \n\n\nAndrew Benitz, CEO \n\n\nC/o Camarco: \nTel: 020 3757 4983\n\n\n\n\nStrand Hanson Limited\n\n\nJames Harris\nMatthew Chandler\nJames Bellman\n\n\nTel: 020 7409 3494\n\n\n\n\nArden Partners plc\n\n\nChris Hardie\nBenjamin Cryer\n\n\nTel: 020 7614 5900\n\n\n\n\nBMO Capital Markets Limited\n\n\nJeremy Low\nNeil Haycock\nTom Rider\n\n\nTel: 020 7236 1010\n\n\n\n\nCamarco\n\n\nBilly Clegg\nGeorgia Edmonds\nJames Crothers\n\n\nTel: 020 3757 4983\n\n\n\n \nQualified Person's Statement:\nThe information contained in thi...