JERSEY OIL AND GAS PLC

Share Issue/Capital Change • Oct 24, 2017

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RNS Number : 5149U

Jersey Oil and Gas PLC

24 October 2017

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Jersey Oil and Gas Plc or other evaluation of any securities of Jersey Oil and Gas Plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

24 October 2017

Jersey Oil and Gas plc

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

Posting of Circular

Jersey Oil and 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 that it has today posted a Circular to shareholders concerning the Fundraising announced on 20 October 2017 which will be made available on the Company's website at www.jerseyoilandgas.com.

With regard to the Offer element of the Fundraising, Qualifying Shareholders will also receive an Application Form enabling them to apply for, in aggregate, up to 2,000,000 new Ordinary Shares at a price of 200p per  share to raise up to £4 million (gross).

Capitalised terms used in this announcement shall have the same meanings as the definitions in the Company's announcement of 20 October 2017 and in the Circular.

Offer timetable:	2017
Record Date for the Offer	Close of business 23 October
Dispatch of the Circular, Application Form and Form of Proxy	24 October
Latest time and date for receipt of completed Forms of Proxy and receipt of electronic proxy appointments via the CREST system for the General Meeting	12.00 noon on 7 November
Latest time for receipt of applications under the Offer and payment in full by cheque under the Offer	1.00 p.m. on 8 November
General Meeting	12.00 noon on 9 November
Announcement of results of General Meeting and Offer	9 November
Admission and commencement of dealings in the New Ordinary Shares on AIM CREST accounts expected to be credited for the Placing Shares Final date for Crest accounts to be credited for the Offer Shares and for posting of certificates for the New Ordinary Shares in certificated form(if applicable)	8.00 a.m. on 10 November 8.00 a.m. on 10 November by 17 November

Each of the times and dates above refer to London time and are subject to change by the Company and/or the Joint Brokers. Any such change will be notified to Shareholders by an announcement on a Regulatory Information Service.  The Circular will contain further details of the expected timetable for the Placing, the Offer, the General Meeting and Admission.

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	Chris Hardie Benjamin Cryer	Tel: 020 7614 5900
BMO Capital Markets Limited	Neil Haycock Tom Rider	Tel: 020 7236 1010
Camarco	Billy Clegg Georgia Edmonds  James Crothers	Tel:  020 3757 4983

Notes to Editors:

Jersey Oil & Gas is a UK E&P Company focused on building a production focused company in the North Sea. The Company owns an 18 per cent. interest in the P.2170 licence, Blocks 20/5b & 21/1d, Inner Moray Firth. Statoil (U.K.) Limited owns a 70% interest and CIECO V&C (UK) Limited owns a 12% interest.

The Company plans to build a production portfolio via acquisitions coinciding with the cyclical recovery in the oil price and the current opportune buying market in the North Sea. The Company is involved in multiple sales processes and intends to draw on its management team's considerable experience, knowledge and expertise to deliver shareholder value from its stated production acquisition strategy.

This information is provided by RNS

The company news service from the London Stock Exchange

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