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Jersey Oil & Gas's Benitz: North Sea an exciting place to explore again

Andrew Benitz, Jersey Oil & Gas

Andrew Benitz of Jersey Oil & Gas PLC (LON:JOG) says pre-funding the seismic being shot over the Verbier acreage in North Sea allows the data to be optimised and is cheaper.

Capex for the appraisal programme will be at the upper end of £9-11mln including seismic.

Drilling at Verbier will see an appraisal well in the summer to firm up the recoverable oil at the discovery.

''All in all, the North Sea is an exciting place to explore again'', said Benitz.

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