REG - Jersey Oil & Gas PLC - Posting of Annual Report and Notice of AGM

Jersey Oil and GasAnnouncement

06/05/2021 07:00

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RNS Number : 7027X  Jersey Oil and Gas PLC  06 May 2021

 

 

6 May 2021

 

Jersey Oil and Gas plc

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

 

Posting of Annual Report and Accounts and Notice of Annual General Meeting

 

Jersey Oil & Gas (AIM:JOG), an independent upstream oil and gas company
‎focused on the UK Continental Shelf region of the North Sea, announces that
it will today post to shareholders copies of its Annual Report and Accounts
for the year ended 31 December 2020 together with the Notice of Annual General
Meeting ("AGM") and Form of Proxy. An electronic copy of these documents will
also be made available on the Company's website (www.jerseyoilandgas.com
(http://www.jerseyoilandgas.com) ).

 

The AGM will be held on Wednesday 2 June 2021 at 10.00am at Ground Floor, 5 St
Andrew's Place, St Helier, Jersey, Channel Islands JE2 3RP. In light of the
Coronavirus (COVID-19) pandemic and the UK Government's measures currently in
force, the AGM this year will be run as a closed meeting. Regrettably
therefore, it will not be possible for shareholders to attend the AGM and the
Company will be unable to allow entry to anyone seeking to attend the AGM in
person.

 

Shareholders are therefore strongly encouraged to vote by proxy. The Company
will convene the AGM with the minimum necessary quorum of two shareholders
(which the Company will facilitate) and will include all valid proxy votes in
its polls at the AGM. The format of the meeting will be purely functional and
will comprise only the formal votes.

 

After the conclusion of the AGM, the Company will provide a pre-recorded audio
corporate presentation, together with an incorporated Q&A section, that
will answer a selection of questions received from shareholders.  This will
be uploaded onto the Company's website.  Shareholders are encouraged to
submit questions to the Company to be included in the presentation by 5.00pm
on Thursday 27 May 2021 via email at the following address:
agmquestions@jerseyoilandgas.com (mailto:agmquestions@jerseyoilandgas.com)

 

The current situation is evolving and the Government may change current
restrictions relating to the holding of general meetings during the affected
period. The Company will make any further announcements that may be required
by way of a Regulatory News Service and on the Company's website.

 

 

Enquiries:

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

                                                Tel: 020 3757 4983
 Strand Hanson Limited   James Harris           Tel: 020 7409 3494

                         Matthew Chandler

                         James Bellman
 Arden Partners plc      Paul Shackleton        Tel: 020 7614 5900

                         Benjamin Cryer
 finnCap Ltd              Christopher Raggett   Tel: 020 7220 0500

                         Tim Redfern
 Camarco                 Billy Clegg            Tel: 020 3757 4983

                         James Crothers

                         Rebecca Waterworth

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 holds a significant acreage
position within the Central North Sea referred to as the Greater Buchan Area
("GBA"), which includes operatorship and 100% working interests in blocks that
contain the Buchan oil field and J2 and Glenn oil discoveries and an 100%
working interest in the P2170 Licence Blocks 20/5b & 21/1d, that contain
the Verbier oil discovery and other exploration prospects.

JOG's total GBA acreage is estimated by management to contain 190 million
barrels of oil equivalent ("mmboe") of discovered P50 recoverable resources
net to JOG, in addition to significant exploration upside potential of
approximately 220 mmboe of prospective resources in close proximity to the
Company's planned Buchan platform.  JOG has recently concluded the Concept
Select phase of an FDP for the Greater Buchan Area and plans to progress into
Front End Engineering and Design (FEED) later this year.

JOG is focused on delivering shareholder value and growth through creative
deal-making, operational success and licensing rounds. Its management is
convinced that opportunity exists within the UK North Sea to deliver on this
strategy and the Company has a solid track-record of tangible success.

 

 

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