31 January 2024
Jersey Oil and Gas plc
("Jersey Oil & Gas" or the "Company")
Director's Share Purchases and Issue of Equity
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, announces disclosable share purchases by Anne Thomas, the wife of Les Thomas, the Company's Non-Executive Chairman, and by Non-Executive Director Marcus Stanton.
Director's Share Purchases
The Company was yesterday notified of the following acquisitions of Ordinary Shares on 30 January 2024 by directors of the Company:
| Director | Number of Ordinary Shares Acquired | Price per Ordinary Share Acquired (p) | Resultant Holding of Ordinary Shares | % of Enlarged Share Capital |
| Mr Les Thomas* Non-Executive Chairman | 10,000 | 180.0 | 43,000 | 0.13 |
| Mr Marcus Stanton | 3,500 | 178.0 | | |
| 500 | 182.0 | 116,411 | 0.36 | |
*Mr Les Thomas and his wife's combined holding
Issue of Equity and Total Voting Rights
The Company also announces, further to the Company's announcement of 15 December 2023, the issue of a further 1,667 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of certain options under the Company's 2016 Enterprise Management Incentive Unapproved Share Option Plan (the "Additional Option Shares").
Application has been made to the London Stock Exchange for the admission of the Additional Option Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Additional Option Shares will commence at 8.00 a.m. on 5 February 2024.
Following Admission, the Company's enlarged share capital will comprise 32,667,627 Ordinary Shares in issue with one voting right per Ordinary Share. As the Company does not hold any shares in treasury, shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
| Jersey Oil and Gas plc
| Andrew Benitz | C/o Camarco: Tel: 020 3757 4980 | ||
| Strand Hanson Limited | James Harris Matthew Chandler James Bellman | Tel: 020 7409 3494 | ||
| Zeus Capital Limited | Simon Johnson
| Tel: 020 3829 5000 | ||
| Cavendish Capital Markets Limited | Neil McDonald Leif Powis | Tel: 020 7220 0500 | ||
| Camarco | Billy Clegg Rebecca Waterworth | Tel: 020 3757 4980 | ||
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- Ends -
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 currently holds a 50% interest in each of licences P2498 (Blocks 20/5a, 20/5e and 21/1a) and P2170 (Blocks 20/5b and 21/1d) located in the UK Central North Sea and referred to as the "Greater Buchan Area." Licence P2498 contains the Buchan oil field and J2 oil discovery and licence P2170 contains the Verbier oil discovery. Following completion of the farm-out transaction with Serica Energy (UK) Limited, expected in Q1-2024, the Company will retain a 20% interest in each of the GBA licences, and is fully funded to first oil, with a full carry on the expenditure ahead of Buchan project sanction and the budgeted development costs included in the approved Field Development Plan.
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 Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR").
PDMR Notification Form:
The notification below is made in accordance with the requirements of UK MAR.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Marcus Stanton | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Jersey Oil & Gas plc | ||||
| b) | LEI | 213800RIR1SZC1734G32 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 penny each | ||||
| Identification code | GB00BYN5YK77 | |||||
| b) | Nature of the Transaction | Acquisitions of ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | A total of 4,000 ordinary shares were acquired at an average price of 1.79 pence | ||||
| e) | Date of the transaction | 30 January 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Les Thomas | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Chairman | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Jersey Oil & Gas plc | ||||
| b) | LEI | 213800RIR1SZC1734G32 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 penny each | ||||
| Identification code | GB00BYN5YK77 | |||||
| b) | Nature of the Transaction | Acquisitions of ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A | ||||
| e) | Date of the transaction | 30 January 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
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