Jersey shares sink as Verbier well nudged down the pecking order

North Sea exploration and production firm Jersey Oil and Gas said today that the drilling of an appraisal well on the Verbier discovery had been delayed.

Drilling on Verbier, which is thought to contain 25-130million barrels of oil, was expected to take place in the outer Moray Firth this summer.

But Jersey has now been informed by licence-operator Equinor that the West Phoenix rig will drill two other wells before moving onto Verbier.

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