Jersey Oil and Gas PLC Appointment of Independent Non-Executive Director (2059V)
April 13 2021 - 01:00AM
UK Regulatory
TIDMJOG
RNS Number : 2059V
Jersey Oil and Gas PLC
13 April 2021
13 April 2021
Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")
Appointment of Independent Non-Executive Director
Jersey Oil & Gas (AIM:JOG), an independent upstream oil and
gas company focused on the UK Continental Shelf ("UKCS") region of
the North Sea, is pleased to announce the appointment of Les Thomas
to the JOG Board as an Independent Non-Executive Director with
immediate effect.
Les has over 35 years' experience in the Oil and Gas industry,
in various subsurface, engineering, operational and senior
management positions. Les was formerly CEO of Ithaca Energy Inc.
from 2013 to 2020 and previously served for eight years on the
Board of John Wood Group plc, as Chief Executive of its Production
Facilities business and the Group Director responsible for HSE.
Prior to this, he spent 22 years with Marathon Oil UK Limited in
various locations and roles, including four years as European
Business Unit Leader.
Les is also an independent director of Repsol Sinopec Resources
UK Limited, a joint venture between Repsol and Sinopec with a
significant UK North Sea portfolio, as well as serving as a
Non-Executive Director of Avingtrans Plc, an AIM quoted engineering
and manufacturing business.
Les has a BSc (1st class hons) in Civil Engineering and a
Masters degree in Petroleum Engineering, both from Heriot Watt
University in Edinburgh.
Marcus Stanton, Chairman of Jersey Oil & Gas, commented
:
"We are very pleased to welcome Les to the Company as an
Independent Non-Executive Director. Throughout his career to date,
he has helped oil companies to develop projects successfully,
deploying subsurface, commercial and project management expertise.
Most recently, he led Ithaca Energy through a significant growth
phase, including the acquisition of Chevron's UK North Sea
portfolio. His wealth of experience in the UK North Sea leading
upstream and services businesses will be of significant value to
JOG as we progress our Greater Buchan Area development project and
take the Company through its next phase of growth. We look forward
to working closely with Les and benefitting from his highly
relevant North Sea industry experience."
Enquiries :
Jersey Oil and Gas plc Andrew Benitz, CEO C/o Camarco:
Tel: 020 3757 4983
Strand Hanson Limited James Harris Tel: 020 7409 3494
Matthew Chandler
James Bellman
Arden Partners plc Paul Shackleton Tel: 020 7614 5900
Benjamin Cryer
finnCap Ltd Christopher Raggett Tel: 020 7220 0500
Tim Redfern
Camarco Billy Clegg Tel: 020 3757 4983
James Crothers
Additional information on the Directorate Appointment
The following additional information is provided in accordance
with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules
for Companies:
Leslie James Thomas (aged 64)
Current directorships/partnerships Past directorships/partnerships
Avingtrans plc Delek North Sea Limited
Heriot Resources Limited Ithaca Energy Inc.
POD Supports Limited Ithaca Alpha (N.I.) Limited
Repsol Sinopec Resources UK Ithaca Causeway Limited
Limited Ithaca Delta Limited
The Scottish Energy Forum Ithaca Dorset Limited
Ithaca Energy (North Sea) plc*
Ithaca Energy (UK) Limited
Ithaca Energy Developments UK
Limited
Ithaca Energy Holdings (UK)
Limited
Ithaca Epsilon Limited
Ithaca Exploration Limited
Ithaca Gamma Limited
Ithaca GSA Limited*
Ithaca Minerals (North Sea)
Limited
Ithaca North Sea Limited
Ithaca Oil and Gas Limited
Ithaca Petroleum Limited
Ithaca Pipeline Limited
Ithaca SP UK Limited
Ithaca SPL Limited
The UK Oil and Gas Industry
Association Limited
--------------------------------
Note :
* - UK Companies House records indicate that Mr Thomas remains a
board member of Ithaca Energy (North Sea) plc and Ithaca GSA
Limited, however he resigned such directorships in August 2020 and,
accordingly, steps are being taken to make/update the relevant
filings.
There is no further information to be disclosed in relation to
Mr Thomas' appointment pursuant to AIM Rule 17 or Schedule Two
paragraph (g) of the AIM Rules for Companies.
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 ("GBA"), which includes
operatorship and 100% working interests in blocks that contain the
Buchan oil field and J2 and Glenn oil discoveries and an 100%
working interest in the P2170 Licence Blocks 20/5b & 21/1d,
that contain the Verbier oil discovery and other exploration
prospects.
JOG's total GBA acreage is estimated by management to contain
190 million barrels of oil equivalent ("mmboe") of discovered P50
recoverable resources net to JOG, in addition to significant
exploration upside potential of approximately 220 mmboe of
prospective resources in close proximity to the Company's planned
Buchan platform. JOG has recently concluded the Concept Select
phase of an FDP for the Greater Buchan Area and plans to progress
into Front End Engineering and Design (FEED) later this year.
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 as it forms part of
United Kingdom domestic law by virtue of the European (Withdrawal)
Act 2018.
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