Jersey Oil & Gas announced an oil discovery in the Verbier sidetrack well, 20/05b-13Z. The well has been drilled safely and within budget to the planned total depth of 3,811m and a suite of log data has been acquired via Logging While Drilling (LWD), including pressure data. Preliminary analysis indicates: The well has proven a hydrocarbon accumulation in good quality sands, up dip of the water bearing sands encountered in the initial well; Evaluation of the well results, together with the existing 3D seismic data is ongoing; Initial Operator estimates of gross recoverable resources associated with the Verbier discovery are between 25 and 130 million barrels of oil equivalent, with a minimum proven recoverable volume in the immediate vicinity of the wellbore of 25 million barrels of oil equivalent; and in addition to confirming the presence of oil in the Verbier prospect, this discovery provides valuable information to help better understand the prospectivity of the licence area, which includes the Cortina prospect and the Meribel lead. JOG holds an 18% working interest in the licence.