Company Web site : https://www.jerseyoilandgas.co...
March 5th 2019 Interview with the CEO: Video Link
Jersey Oil and Gas is a London listed UK E&P Company focused on building its position in the UK North Sea.
In October 2017 JOG announced an oil discovery in the Verbier sidetrack well, 20/05b-13Z drilled in License P2170. The well was drilled safely and within budget to the planned total depth of 3811m and a suite of log data had been acquired via Logging While Drilling (“LWD”), including pressure data.
Preliminary analysis indicates
* The well has proven a hydrocarbon accumulation in good quality sands, up dip of the water bearing sands encountered in the initial well
*Initial Operator estimates of gross recoverable resources associated with the Verbier discovery are between 25 and 130 million barrels of oil equivalent, with a minimum proven recoverable volume, in the immediate vicinity of the well bore, of 25 million barrels of oil equivalent
In addition to confirming the presence of oil in the Verbier prospect, this discovery provides valuable information to help better understand the prospectivity of the license area, which includes the Cortina prospect and the Meribel lead.
Appraisal well on Verbier to be drilled in Q1 2019.
Jan 2019 Presentation : https://www.jerseyoilandgas.com/wp-content/uploads/2019/01/Corporate-Presentation-January-2019-Rev-21Jan19.pdf
