JOG’s management team has multi-faceted technical and commercial experience across the oil and gas industry, including decades of active experience in the North Sea working for major and leading independent oil and gas companies. But it is not just experience that makes a company, attitude is as important.
From the start JOG, has created a work culture that fosters a nimble and innovative ambition in all our team, driven out of necessity, as from the start, we had to create something from nothing. This experience and attitude positions the company well for the future.
The Verbier Oil discovery has been a shining beacon for North Sea oil exploration and with our future plans to actively appraise the discovery, the opportunity for JOG is significant and we plan to be a committed co-venturer in this appraisal phase. The Verbier licence also contains high impact exploration upside in the Cortina prospect and the Meribel lead, both of which have technical similarities to Verbier. JOG’s interest in this acreage, aside from any other project we pursue, has the potential to be a serious company maker for us and our shareholders.
In addition to our success in Verbier, we have actively pursued our production-focused acquisition strategy and our capabilities in this regard have advanced considerably during this time. We have thoroughly evaluated, both technically and commercially, over 50 production field interests in the North Sea, thereby building our knowledge-base and we remain single-mindedly focused on identifying and securing successful transactions to grow the group’s business, for the benefit of shareholders.
Rolling on from our launch in 2014, the cyclical recovery is underway and JOG is very well positioned to grow its business and achieve our strategic objective of building a mid-tier upstream oil and gas company.