JETEX PETROLEUM LTD was formed in 2012 to develop new plays in the North Sea.

The initial focus was on Dinantian Carbonates in the Southern North Sea and Jetex currently holds four blocks awarded by the Netherlands Government in 2016. 

The second play area is the UK Moray Firth Jurassic where Jetex holds nine blocks in three licences:

Jetex entered into a financing agreement with White Deer Energy L.P. II, New York in 2016 and is currently in a 50% equity partnership with Riverside Energy Group, Houston also financed by White Deer.