REG - Jersey Oil & Gas PLC - Director’s Share Purchases and Issue of Equity

Jersey Oil and GasAnnouncement

31/01/2024 07:00

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RNS Number : 4431B  Jersey Oil and Gas PLC  31 January 2024

31 January 2024

Jersey Oil and Gas plc

("Jersey Oil & Gas" or the "Company")

 

Director's Share Purchases and Issue of Equity

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company
focused on the UK Continental Shelf region of the North Sea, announces
disclosable share purchases by Anne Thomas, the wife of Les Thomas, the
Company's Non-Executive Chairman, and by Non-Executive Director Marcus
Stanton.

Director's Share Purchases

The Company was yesterday notified of the following acquisitions of Ordinary
Shares on 30 January 2024 by directors of the Company:

 Director                 Number of Ordinary Shares Acquired  Price per Ordinary Share Acquired (p)  Resultant Holding of Ordinary Shares  % of Enlarged Share Capital
 Mr Les Thomas*           10,000                              180.0                                  43,000                                0.13

 Non-Executive Chairman
 Mr Marcus Stanton        3,500                               178.0

Non-Executive Director
                          500                                 182.0                                  116,411                               0.36

*Mr Les Thomas and his wife's combined holding

Issue of Equity and Total Voting Rights

The Company also announces, further to the Company's announcement of 15
December 2023, the issue of a further 1,667 new ordinary shares of 1p each in
the capital of the Company ("Ordinary Shares") pursuant to the exercise of
certain options under the Company's 2016 Enterprise Management Incentive
Unapproved Share Option Plan (the "Additional Option Shares").

 

Application has been made to the London Stock Exchange for the admission of
the Additional Option Shares to trading on AIM ("Admission").  It is expected
that Admission will become effective and that dealings in the Additional
Option Shares will commence at 8.00 a.m. on 5 February 2024.

 

Following Admission, the Company's enlarged share capital will comprise
32,667,627 Ordinary Shares in issue with one voting right per Ordinary
Share.  As the Company does not hold any shares in treasury, shareholders may
use this figure as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or change to their
interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

Enquiries:

 Jersey Oil and Gas plc                Andrew Benitz        C/o Camarco:

                                                            Tel:  020 3757 4980
 Strand Hanson Limited                 James Harris         Tel:  020 7409 3494

                                       Matthew Chandler

                                       James Bellman
 Zeus Capital Limited                  Simon Johnson        Tel: 020 3829 5000

 Cavendish Capital Markets Limited     Neil McDonald        Tel: 020 7220 0500

                                       Leif Powis
 Camarco                               Billy Clegg          Tel:  020 3757 4980

                                       Rebecca Waterworth

- Ends -

 

Notes to Editors:

Jersey Oil & Gas is a UK E&P company focused on building an
upstream oil and gas business in the North Sea. The Company currently holds a
50% interest in each of licences P2498 (Blocks 20/5a, 20/5e and 21/1a) and
P2170 (Blocks 20/5b and 21/1d) located in the UK Central North Sea and
referred to as the "Greater Buchan Area."  Licence P2498 contains the Buchan
oil field and J2 oil discovery and licence P2170 contains the Verbier oil
discovery.  Following completion of the farm-out transaction with Serica
Energy (UK) Limited, expected in Q1-2024, the Company will retain a 20%
interest in each of the GBA licences, and is fully funded to first oil, with a
full carry on the expenditure ahead of Buchan project sanction and the
budgeted development costs included in the approved Field Development Plan.

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR").

 

PDMR Notification Form:

 

The notification below is made in accordance with the requirements of UK MAR.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Marcus Stanton
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Jersey Oil & Gas plc
 b)  LEI                                                          213800RIR1SZC1734G32
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary shares of 1 penny each
     Identification code                                          GB00BYN5YK77
 b)  Nature of the Transaction                                    Acquisitions of ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  178 pence   3,500

                                                                  182 pence   500
 d)  Aggregated information                                       A total of 4,000 ordinary shares were acquired at an average price of 1.79

                                                            pence
     Aggregated volume Price
 e)  Date of the transaction                                      30 January 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

Aggregated volume Price

A total of 4,000 ordinary shares were acquired at an average price of 1.79
pence

e)

Date of the transaction

30 January 2024

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Les Thomas
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Chairman
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Jersey Oil & Gas plc
 b)  LEI                                                          213800RIR1SZC1734G32
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary shares of 1 penny each
     Identification code                                          GB00BYN5YK77
 b)  Nature of the Transaction                                    Acquisitions of ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  180 pence  10,000
 d)  Aggregated information                                       N/A

     Aggregated volume Price
 e)  Date of the transaction                                      30 January 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

Aggregated volume Price

N/A

e)

Date of the transaction

30 January 2024

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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