Jersey Oil and Gas: Rig Mobilized for Verbier Prospect
03 July 2017 - 6:24PM
Dow Jones News
LONDON-- U.K. Continental Shelf-focused Jersey Oil & Gas PLC
(JOG.LN) Monday said the U.K. subsidiary of Norway's Statoil ASA
(STO) has mobilized a rig for drilling in the Verbier prospect, in
which Jersey has an 18% interest.
The Verbier well is expected to start drilling in August and
Statoil will fund costs up to $25 million, Jersey said.
Shares at 0753 GMT, down 22 pence, or 8.1%, at 249 pence valuing
the company at GBP24.7 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
July 03, 2017 04:09 ET (08:09 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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