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Thursday 8 September 2016

Jersey Oil & Gas (TRAP) benefits from Statoil tie-up in north sea: IG UK

Published on Sep 8, 2016
8 September 2016: Andrew Benitz, Jersey Oil & Gas (TRAP) CEO, says the recent deal to bring Statoil into its north sea operations validates the asset. The venture carries JOG to the value $25 million of exploration costs. Andrew also talks about the belief that the north sea is s spent force, telling IG that this is far from the truth. That speculation, he says, will give JOG the opportunity to expand its asset base through acquisition.

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