Jersey Oil & Gas (JOG) announces that Statoil has signed a contract for the Transocean Spitsbergen to drill the highly anticipated Verbier exploration well. This news marks the start of our new Game Changing Wells series. We will be posting maps of game-changing wells around the world, starting with Verbier. With mean prospective resources of 162 mmbbls and a chance of success of 29% this is a high impact well for JOG. Statoil farmed into the blocks and will be carrying JOG (18%) and CIECO (12%), a subsidiary of Japanese trading house ITOCHU, all costs in relation to the Verbier Well, up to a cap of $25 million. We will post a technical summary of the prospect nearer the spud date.