Jersey Oil & Gas (AIM:JOG ) has appointed project delivery specialist, Dr Chris Haynes, as an advisor to the board as it seeks to advance the Greater Buchan Area project in the North Sea.
The UK-focused independent oil and gas firm cited Haynes’ 39-year industry experience at Royal Dutch Shell where he was responsible for the delivery of Shell's global upstream projects.
“His wealth of project development experience will be of great benefit to JOG as we progress through the next stage gates of our highly exciting Greater Buchan Area development project,” said Andrew Benitz, CEO of Jersey Oil & Gas.
Shares in Jersey Oil & Gas were trading 5.66% higher at 56p during Monday morning.
In March, Jersey highlighted that it remains fully funded to deliver the concept select work it is focused on progressing at the Greater Buchan Area ("GBA") development.
The company reported plans to lead a technical and commercial evaluation of the GBA projects in order to assess whether a collaborative development would increase value in the area.
The agreement includes Buchan, J2 and Glenn - owned and operated by Jersey - Verbier, Avalon and Leverett.
In March, Jersey recorded a year end 2019 unaudited cash position of £12.3m and noted that it had no debt and on current plans, has sufficient working capital through to the end of 2021.
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