Jersey Oil & Gas and partners advance North Sea well programme
Source - SMW
Jersey Oil & Gas said its partners developing the Verbier oil discovery and Cortina prospect in the North Sea had approved a work programme and budget for 2018.
The approved work included an appraisal of the recent Verbier oil discovery and contingent well planning including the acquisition of a site survey to progress exploration activity on the licence area, the company said.
Negotiations were advanced with respect to contracting a rig for the Verbier appraisal well programme, which plans for one well and an option for a sidetrack well, to be drilled in summer 2018.
At 1:51pm: (LON:JOG) Jersey Oil And Gas Plc share price was -9.5p at 216p