Result of Annual General Meeting

RNS Number : 6655D

Jersey Oil and Gas PLC

27 June 2019

 

27 June 2019

Jersey Oil and Gas plc

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

Result of Annual General Meeting

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company ‎focused on the UK Continental Shelf ("UKCS") region of the North Sea, announces that the resolutions proposed at its Annual General meeting ("AGM") held earlier today, as set out in the formal Notice of Annual General Meeting dated 23 May 2019, were all duly approved by shareholders.

At the AGM, an updated corporate presentation was delivered by the Company's Chief Executive Officer, Mr Andrew Benitz, which is available to download on the Company's website at www.jerseyoilandgas.com.

Enquiries:

Jersey Oil and Gas plc	Andrew Benitz, CEO	C/o Camarco: Tel: [phone]
Strand Hanson Limited	James Harris Matthew Chandler James Bellman	Tel: [phone]
Arden Partners plc	Paul Shackleton Benjamin Cryer	Tel: [phone]
BMO Capital Markets Limited	Jeremy Low Tom Rider	Tel: [phone]
Camarco	Billy Clegg James Crothers	Tel: [phone]

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 owns an 18% interest in the P2170 licence, Blocks 20/5b & 21/1d, Outer Moray Firth, in which the operator, Equinor UK Limited, owns a 70% interest and CIECO V&C (UK) Limited owns a 12% interest. This licence contains the 2017 Verbier oil discovery.

The Company plans to build an upstream E&P portfolio via both organic development and acquisitions coinciding with the cyclical recovery in the oil price and the opportune buying market in the North Sea. The Company is involved in multiple acquisition opportunities and intends to draw on its management team's considerable experience, knowledge and expertise to deliver shareholder value from its stated growth strategy.

 

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