$JOG.L

Jersey Oil And Gas Secures Extension for Verbier License in North Sea

Jersey Oil And Gas (JOG.L) said Thursday it received a six-month extension to the second term of its P2170 Verbier offshore oil and gas license in the North Sea until Feb. 28, 2027.The extension, granted by the UK's North Sea Transition Authority, gives the upstream oil and gas company more time to secure approval for the area's field development plan and aligns the license with the duration of its P2498 Buchan license.