RNS Number : 4890S
17 March 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION . This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Jersey Oil & Gas plc or other evaluation of any securities of Jersey Oil & Gas plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities
UK: Jersey Oil and Gas announces Greater Buchan Area Development Project Concept Select update
03 Mar 2021
Concept Select Report ( CSR ) in respect of its
Greater Buchan Area ( GBA ) Development Project which contains an aggregate
172 million barrels of oil equivalent ( MMboe ) 2C contingent resource estimates of light sweet crude and associated gas. The planned development is centred on resuming production at the
Buchan oil field and producing the
J2 and Verbier oil discoveries as well as other existing and yet to find discoveries within the GBA as future upside.
Highlights
A three-phase development centered around a single integrated wellhead, production, utilities and quarters platform located at the Buchan field - the GBA hub