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Jersey Oil & Gas PLC - Post of Annual Report and Notice of AGM.

RNS Number : 0319M
Jersey Oil and Gas PLC
06 May 2020
 

6 May 2020

 

Jersey Oil and Gas plc

("Jersey Oil & Gas", "JOG" or the "Company")

 

Posting of 2019 Annual Report and Financial Statements

and Notice of Annual General Meeting

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company ‎focused on the UK Continental Shelf ("UKCS") region of the North Sea, announces that, further to the release of its Final Results for the year ended 31 December 2019, its full 2019 Annual Report and Financial Statements together with the Notice of Annual General Meeting ("AGM") and associated Form of Proxy are now available on the Company's website (www.jerseyoilandgas.com) and have today been posted to those shareholders who have elected to receive hardcopy shareholder communications from the Company.  

 

The Company also announces that its AGM in respect of its financial year ended 31 December 2019 will be held on Wednesday, 3 June 2020 at 10.00 a.m. at 513 Harrington Place, Heathside Crescent, Woking GU22 7BL. In light of the Coronavirus (COVID-19) pandemic and the UK Government's measures to restrict travel and public gatherings currently in force, including a prohibition on public gatherings of more than two people, it will not be possible to hold the AGM in its usual format and the AGM this year will consequently be run as a closed meeting. Regrettably therefore, it will not be possible for shareholders to attend the AGM and the Company will be unable to allow entry to anyone seeking to attend the AGM in person.

 

Shareholders are therefore strongly encouraged to vote by proxy. The Company will convene the AGM with the minimum necessary quorum of two shareholders (which the Company will facilitate) and will include all valid proxy votes in its polls at the AGM. The format of the meeting will be purely functional and will comprise only the formal voting on the resolutions tabled.

 

Following the conclusion of the AGM, the Company will provide a pre-recorded audio corporate presentation, together with an incorporated Q&A section that will address a selection of questions received from shareholders.  This will be uploaded to the Company's website.  Shareholders are encouraged to submit any questions to the Company to be included in the presentation by Thursday, 28 May 2020 via email to the following address: agmquestions@jerseyoilandgas.com.

 

The current situation is evolving and the Government may change current restrictions or implement further measures relating to the holding of general meetings during the affected period. The Company will make any further announcement(s) that may be required by way of a Regulatory Information Service and on the Company's website.

 

 

Enquiries:

Jersey Oil and Gas plc

 

Andrew Benitz, CEO

C/o Camarco:

Tel: 020 3757 4983

Strand Hanson Limited

James Harris

Matthew Chandler

James Bellman

Tel: 020 7409 3494

Arden Partners plc

Paul Shackleton

Benjamin Cryer

Tel: 020 7614 5900

BMO Capital Markets Limited

Jeremy Low

Tom Rider

Tel: 020 7236 1010

Camarco

Billy Clegg

James Crothers

Tel: 020 3757 4983

Notes to Editors:

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries, and, following the acquisition of an additional 70% working interest announced in late January 2020 will, subject to completion, also assume operatorship of and hold an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

 

JOG's acreage is estimated by management to contain more than 140 million barrels of oil equivalent ("boe") of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.  JOG is currently progressing the concept select phase of a Field Development Plan ("FDP") for the Greater Buchan Area.

 

JOG is focused on delivering shareholder value and growth through creative deal-making, operational success and licensing rounds. Its management is convinced that opportunity exists within the UK North Sea to deliver on this strategy and the Company has a solid track-record of tangible success.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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