Jersey Oil and Gas plc: Competent Person's Report for Core Greater Buchan Area Resources
Tuesday 8 October 2019
Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announced that an independent assessment of resource and valuation estimates in relation to certain oil and gas interests held by Company in the Greater Buchan Area, has been completed by Rockflow Resources Ltd. These assets include the previously produced Buchan Devonian oil field, the J2 and Buchan Andrew oil discoveries and the Capri prospect.
Highlights
- Technically Recoverable Oil Resource Volumes of 94.7 MMstb net to JOG
- Mid case Contingent Resource valuation (NPV10) of P2498 together with a valuation of JOG's 18% share of the Verbier discovery: £791 million
More information here.