Jersey Oil & Gas Reports on Investor Meeting and Presentation
An investor presentation will be delivered at this meeting and made available on the Company's website.
If shareholders would like to attend, they should contact Zoё Moulton at Camarco on +44 (0) 20 3757 4995. Notes to editors:
The Group's strategy is focused on developing, exploiting and maintaining a portfolio of North Sea assets with a greater focus on producing assets in order to seek to unlock the inherent value in the Group's existing tax losses. The Group is currently seeking to asses and acquire potential further North Sea oil and/or gas producing assets, some of which have already been identified and are currently undergoing due diligence and/or subject to ongoing commercial negotiations. Any potential acquisitions that are taken forward are intended to be financed from one or more of the Group's balance sheet, the proceeds from strategic sales of selected parts of the combined Group's existing asset portfolio and further equity and debt capital raises.
The Group's target acquisition profile includes mature oil and/or gas production assets with long tail-end production profiles and upside potential, from principally satellite fields with production-based tariff agreements, limited exposure to host platform costs, low capex and opex costs and manageable decommissioning liabilities.