Jersey Oil And Gas Share Discussion Threads

[rafieh] 04/3/2017 21:44

Hmmm, interesting observation....

[mesquida] 04/3/2017 07:47

We must surely get a holdings RNS from Peter Gyllenhammar on Monday. His last RNS, issued on 27th February, related to a disposal on 24th February. Given the high daily trading volumes on each of the five trading days since that date, it is almost guaranteed that he has now sold another 100,000 shares, thus moving his holding through a 1% band which of course makes an RNS mandatory. In fact I would not be surprised if he has sold as many as 200,000 shares during the past five trading days, which means that this forthcoming RNS may well be his last, given that a sale of 200,000 would mean that he is now below 3%. If we get such an RNS on Monday, ( that is, confirming that he is now below 3% ), then there could be a bit of a scramble for stock as recent buyers who have been hoovering up his sales realise that the supply is coming to an end. So, rafieh, I suspect that you will see 300 before the close of play next Friday!

[rafieh] 02/3/2017 13:10

It may take a couple of weeks before we see the £3, by the sounds of it.

[trulyscrumptious] 02/3/2017 11:52

Very slow start today, I was expecting +10p from the off and increasing greatly as the hours passed. It would be good to see the £3 mark breached before the weekend. Haha...

[rafieh] 01/3/2017 17:15

Second highest volume in a year as expected.

[mesquida] 01/3/2017 17:06

Yes, rogerlin, he is clearly going all the way down to zero. Suspect that after today he only has 300/350 k approx. left to dump. The sooner the better, most of us are probably thinking. But let us not be too harsh on the guy, if he had not been a seller then it would have been nigh impossible to buy this stock in size, and many of us have benefitted accordingly.

[rogerlin] 01/3/2017 16:00

baner when Trap became JOG Peter Gyllenhammar had 51,102,026 shares in Trap (which were consolidated 100:1) and subscribed for 1,136,364 new JOG shares in the placing at 22p. I have no idea what his average for the old Trap shares was but if you even said 10p he was looking at a substantial loss if Trap became worthless, which looked highly likely at one time! He was very bold to subscribe to the new placing and has been rewarded for that, but may quite reasonably now wish to move on? His style is, I read at the time, to hold just under 30% of companies to influence management but not have to take over, and that no longer applies.

[rafieh] 01/3/2017 15:20

And the volumes today will be the second highest over the last 12 months for this share.

[rafieh] 01/3/2017 15:17

At this rate we will be above £3 before weekend, easily.

[cyan] 01/3/2017 14:34

The other price movers ahead of the drill could centre on an acquisition or maybe receiving that £1 million GBP compensation we are after.

Of course the drill is the real excitement. I think if we got over 350p before the drill; I would be surprised. Would be a bit toppy there imo.

[baner] 01/3/2017 14:30

market cap is now nearer to £25m. there is a 25-ish % probability the Verbier share could be worth considerably more than this - subject to the oil price holding up etc. on the other hand, there is a 75-ish% probability the company will be worth absolutely nada in say six months time. hardly a fantastic risk/reward after this phenomenal surge in the share price - Gillenhammar was the first one to see this upside and he is now obviously of the view it is time to harvest given this up/downside situation. any views?

[ethics_gradient] 01/3/2017 14:15

Verbier well is scheduled for August, so plenty of time for fun and games before then.

WITJ,

Thanks for the correction as the risked and unrisked figure do include lifting costs so quite spectacular IMO. Yes did well with IAE also. Lots of fun but quite disappointed that it went so cheaply in the end.

EG

[trulyscrumptious] 01/3/2017 12:14

Yes, I can't believe it is moving so quickly on such low volume. And we are still a little way of being given a drill date. But then the upside will be rather spectacular on a good result.

[cyan] 01/3/2017 12:09

Heading in line with Malcy's prediction. Next stop 300p

[trulyscrumptious] 01/3/2017 12:07

Higher, must be all that meditation!

[ianbag] 01/3/2017 08:22

Tiny volume though let see where we sit at 9am

[rafieh] 01/3/2017 08:17

Next stop £3?

[rafieh] 01/3/2017 08:00

All the small O&G companies whose share prices have multiplied over the last year or so have issued lots of shares in the process. This didn't stop the rise in share price

[whiskeyinthejar] 01/3/2017 07:59

I don't have a problem with them raising funds to buy an asset. But Statoil are paying for Verbier well. If it comes in, I think they'll just sell up.

[milliecusto] 01/3/2017 07:36

The problem I see is dilution,with such low shares in issue it's almost inevitable that placing start happening

[trulyscrumptious] 28/2/2017 16:26

If anyone is planning to go is there any chance we could have a precis of the meeting as far as Jersey are concerned. That would be much appreciated.
Very quiet here today but another nice rise is always welcome.

[aim_trader] 24/2/2017 11:12

JOG CEO Andrew Benitz will be presenting to investors at the upcoming proactive One2One Forum on the evening of 9th March. For details and registration, click here:

[whiskeyinthejar] 24/2/2017 08:05

Im sure EG wasn't complaining, I'm grateful for his comments about tendering.

Anyway, IMHO Im pretty sure that liquidity or any institutions wanting a quick return have no bearing on jog cash flow.

The risked figures do I believe include estimated operating and development costs-this is where the £14.30 value per barrel comes from. Obviously they arent selling the oil for £14.30. JOG calculate risked net asset value at £9/share on $50 oil, I just went through numbers to show how they calculated this figure. See the presentation, slide 12 (link above).

Ive also got some IAE profits here! I tripled my money there. Hopefully we'll all get another multi bag here.

[wisecat2] 24/2/2017 07:26

Well said Mesquida. Why can't people be happy making money. Maybe have a new thread and call it " Moaners corner"

[mesquida] 24/2/2017 07:03

Really do not know why we keep hearing people worrying about the possibility of a deep discount rights issue. Have seen the same sort of talk over on the LSE bulletin board too. You would do well to remember that the Board here have substantial shareholdings. Their families also have large shareholdings. They will not want to be screwed by institutions, as you so elegantly put it ! Furthermore, consider the equity raise that we saw late last year. A modest placing at a minimal discount. Not exactly detrimental for the prívate shareholders, was it ? And finally, remember that the Board have made it clear that they have had detailed talks with a lender concerning the financing of a potential purchase of production assets, which surely implies that they do not want to go down the equity route. Myself I do not see equity dilution as a problem here.