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Jersey Oil's exploration farm-out a money saver, says ops chief

Ron Lansdell, chief operating officer of Jersey Oil & Gas (LON:JOG), discusses the rationale behind the decision to sell a 50% stake in a UK North Sea exploration area.

Small stakes in multiple mature production assets as the focus for Jersey, rather than exploration.

Lansdell explains that the sale to Azinor Catalyst saves money that can be better spent on acquiring suitable targets in the region.

Quick facts: Jersey Oil and Gas PLC

Price: 161 GBX

LSE:JOG
Market: LSE
Market Cap: £35.15 m
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