RARE ALERT: Jersey Oil and Gas said to ...

Jersey Oil and Gas, the UK-listed oil and gas explorer, is said to be working on a multi-million pound equity fundrasing.

People following the situation have heard rumours Jersey and its advisers have been sounding out investors about raising between £10 million and £15 million, potentially via a bookbuild and placing.

However, it's not clear why Jersey is tapping investors for fresh funds...