Jersey Oil & Gas announced that it has agreed terms with Total E&P UK Limited (TEPUK) in relation to TEPUK's termination of its 2013 farm-in to licence P2032 (Blocks 21/8c, 21/9c, 21/10c, 21/14a and 21/15b). By way of a full and final settlement, JOG will receive £750,000 from TEPUK.