StockMarketWire.com - Jersey Oil and Gas said it had been awarded an additional block in the UK's latest licencing round.

The additional Greater Buchan Area acreage in Block 21/2a included the Glenn oil discovery and added a further 14m barrels of oil equivalent discovered mean recoverable resources.

'This additional acreage completes a 100% success rate of awards across all of the acreage we applied for in the 31st Supplementary Offshore Licensing Round,' chief executive Andrew Benitz said.

'The Glenn oil discovery contained therein adds additional discovered resources net to Jersey Oil & Gas as well as operatorship of another discovered resource in the area of our Buchan-centred development hub plans for the Greater Buchan Area.'

At 2:35pm: [LON:JOG] Jersey Oil And Gas Plc share price was +24p at 201.5p



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