Farms: Jersey Oil's farm-out deal a good result, says chief executive

Jersey Oil and Gas (LON:JOG) has revealed it's bringing Norwegian major Statoil into its North Sea exploration projects. Andrew Benitz, chief executive, tells Proactive Investors, ''we have been working hard on this farm-out, have managed the process in-house and brought a very strong operating partner in to take the license forward''. ''There is an outline plan for an exploration well to be potentially planned for next year, and likely summer next year'', he adds.