Thursday 28 June 2018

Jersey Oil & Gas, an independent upstream oil and gas company ‎focused on the UK Continental Shelf ("UKCS") region of the North Sea, announced that, further to the Company's announcement of 24 April 2018, the 3D seismic survey over the P.2170 (Blocks 20/5b & 21/1d) licence area and certain offset acreage conducted as part of a wider GeoStreamer MultiClient 3D seismic survey by Petroleum Geo-Services ASA ("PGS") in the Moray Firth area has now been completed on time and without any HSE incidents.

Delivery of the final imaged data by PGS from the survey continues to be expected in late Q1 2019. This data will be integrated with the results from the Verbier appraisal well, scheduled for drilling late Q3/early Q4 this year, which, in a success case, will be an important step for strategic planning as the Verbier project progresses into a potential future development phase.