Brief: Jersey Oil & Gas And Neo Energy Executes Agreements To Acquire "Western Isles" FPSO Vessel

Jersey Oil and Gas

17/11/2023 07:21

Nov 17 (Reuters) - Jersey Oil and Gas PLC  JOG.L :
    * JERSEY OIL & GAS PLC  - FPSO ACQUISITION
    * JERSEY OIL AND GAS PLC - JOG AND NEO ENERGY EXECUTED
AGREEMENTS
TO ACQUIRE "WESTERN ISLES" FPSO VESSEL
    * JERSEY OIL AND GAS PLC - AGREEMENTS HAVE BEEN EXECUTED TO
ACQUIRE 76.9188% INTEREST IN VESSEL NOT CURRENTLY OWNED BY NEO
    * JERSEY OIL AND GAS PLC - POST AGREEMENT, COMPANY IS NOW
DUE TO
RECEIVE A FURTHER CASH PAYMENT FROM NEO OF $9.4 MILLION

Source text for Eikon:  ID:nRSQ7590Ta 
Further company coverage:  JOG.L