Jersey Oil and Gas is run by a management team with an impressive track record of growing energy businesses organically through deal making and accretive acquisitions. Our team has significant joint venture experience, managing major development projects and asset ownership throughout the UK North Sea and internationally.
From the start JOG, has created a work culture that fosters a nimble and innovative ambition across the whole team. In short the Company has so far created an enviable asset in the GBA, from a standing start, and has done so without encumbering the business with financial or operational liabilities. This experience and attitude positions the company well for the future.
JOG’s strategic focus on a core area within the UK Central North Sea has ultimately led to significant asset growth in the form of the Buchan redevelopment project, regarded as the third largest development in the UK North Sea.
2023 was a watershed year for JOG. The two GBA farm-out transactions to NEO Energy (NEO) and Serica Energy (Serica) mean that in addition to receiving multiple cash milestone payments, the Company is in the strong position of being fully funded for its 20% working interest share of the capital expenditure programme included in the Buchan FDP that is approved by the NSTA.
These deals have transformed the Company, providing us with the springboard from which to realise long term shareholder value. Our strategy is simply, to utilise the proven skills of our team to focus on opportunities across the energy space that can deliver long term accretive returns for our shareholders.
