– JERSEY, St Helier – Jersey Oil & Gas PLC (LON: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, today announced the appointment of Les Thomas to its Board as an Independent Non-Executive Director with immediate effect.
“We are very pleased to welcome Les to the Company as an Independent Non-Executive Director. Throughout his career to date, he has helped oil companies to develop projects successfully, deploying subsurface, commercial and project management expertise. Most recently, he led Ithaca Energy through a significant growth phase, including the acquisition of Chevron’s UK North Sea portfolio. His wealth of experience in the UK North Sea leading upstream and services businesses will be of significant value to JOG as we progress our Greater Buchan Area development project and take the Company through its next phase of growth. We look forward to working closely with Les and benefitting from his highly relevant North Sea industry experience.” said Board Chairman, Marcus Stanton.
About Les Thomas
Les Thomas has over 35 years of experience in the Oil and Gas industry, in various subsurface, engineering, operational, and senior management positions. Les was formerly CEO of Ithaca Energy Inc. from 2013 to 2020 and previously served for eight years on the Board of John Wood Group plc, as Chief Executive of its Production Facilities business and the Group Director responsible for HSE. Before this, he spent 22 years with Marathon Oil UK Limited in various locations and roles, including four years as European Business Unit Leader.
Les Thomas is also an independent director of Repsol Sinopec Resources UK Limited, a joint venture between Repsol and Sinopec with a significant UK North Sea portfolio, as well as serving as a Non-Executive Director of Avingtrans Plc, AIM-quoted engineering, and manufacturing business.
Les Thomas has a BSc (1st class Hons) in Civil Engineering and a Masters degree in Petroleum Engineering, both from Heriot-Watt University in Edinburgh.
About Jersey Oil & Gas
Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and a 100% working interest in the P2170 Licence Blocks 20/5b & 21/1d, that contain the Verbier oil discovery and other exploration prospects.
JOG’s total GBA acreage is estimated by management to contain 190 million barrels of oil equivalent of discovered P50 recoverable resources net to JOG, in addition to significant exploration upside potential of approximately 220 mmboe of prospective resources near the Company’s planned Buchan platform. JOG has recently concluded the Concept Select phase of an FDP for the Greater Buchan Area and plans to progress into Front End Engineering and Design later this year.
JOG is focused on delivering shareholder value and growth through creative deal-making, operational success, and licensing rounds. Its management is convinced that opportunity exists within the UK North Sea to deliver on this strategy and the Company has a solid track record of tangible success.
For more information: https://www.jerseyoilandgas.com/
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