Jersey Oil And Gas Share Discussion Threads

[live ink] 20/1/2025 16:29

slicethepie and others,

Surely, Rachel From Accounts is going to compel Miliband to change his stance. She must have the economy pumping away as much as possible. JOG should be the beneficiary of a volte face. I paid 72p today.

Live Ink

[slicethepie] 14/1/2025 10:01

He is very dangerous as his seniority within the party means no one dare challenge him regardless of the stupidity of his believes. If his brother is anything to go by he will exit in 9 months or so and take a well paid job in the green world. His brother earns over a £1m working for a charity!!!!! Classic champagne socialists !

[catchingmice] 13/1/2025 08:49

https://www.dailymail.co.uk/news/article-14276657/Ed-Milibands-reckless-obsession-renewable-energy.html

[hazl] 09/1/2025 10:18

Very interesting two days ago.
Might hsve been the catayst for the rise in my opinion.


Daniel Slater of Zeus Capital.

[hazl] 09/1/2025 10:11

Let's hope for something up it's sleeve, with this current interest.

[hazl] 09/1/2025 10:07

I think talking about profit taking already is a bit premature.
It's only just got off base level!

[catchingmice] 09/1/2025 09:44

Upside here up to the 90p level providing we break & hold the 78p levelHowever three days of gains is normally followed by a short sell off...so i expect tomorrow we may see some profit taking?Here's hoping for another uptick Good luck to all LTH

[hazl] 09/1/2025 09:29

A year and a half ago.

' Second farm-out of Buchan project
Net cash to more than double next year
Fully carried to first oil
NAV estimates three times current share price

North Sea-focused upstream oil and gas company Jersey Oil & Gas (JOG:233p) has announced a second farm-out of its Greater Buchan Area (GBA) project. It’s a cracking deal for shareholders.'

Simon Thompson.

So politics and sentiment has changed things dramatically for oil.

You have to go with the flow literally and that is why it is the low price it is.
Evil Knieval was still upbeat at 200p back in the day.
So basically it comes down to this...is it a dead horse or is it an opportunity ...a bet on the future?
No one can be sure but I feel it's worth a small gamble, accepting this is clearly very risky in the current environment.


If nothing else materiaiises on the Nsea debacle then they seem an inventive and enterprising lot.....
there is always this o fall back on , from latest RNS.

'While the Company continues to seek compelling M&A opportunities that could bring cash flow, portfolio diversification and quality investment opportunities into the business, it is now looking through a wider lens than the historic focus on purely UK oil and gas assets

'

[hazl] 09/1/2025 08:02

No trades yet but msrked down.
Amusing.

[hazl] 08/1/2025 18:12

According to gurufocus and chartered the oil price will be 89 or over dollars a barrel for much of 2025.Who knows? Thanks to Zho.

[catchingmice] 08/1/2025 14:40

Surely Eds P45 is on it's way if this carries on

[catchingmice] 08/1/2025 14:39

https://www.telegraph.co.uk/business/2025/01/07/north-sea-gas-production-plunge-after-miliband-crackdown/

[catchingmice] 08/1/2025 14:35

They do provide Comedy Gold though when they spout their nonsenseHaha

[hazl] 08/1/2025 14:14

Highlights

§ Significant progress has been made across all engineering, subsurface and regulatory workstreams to position the Buchan Horst ("Buchan") project for formal approval

§ The Company has been fully carried for its share of the £22 million that has been spent to date on the current phase of activities by the Buchan joint venture as a result of the farm-out agreements with NEO Energy ("NEO") and Serica Energy ("Serica")

§ Multiple regulatory submissions have been made as part of moving towards Field Development Plan ("FDP") approval - a draft FDP to the North Sea Transition Authority, an Environmental Impact Assessment to the Offshore Major Accident Regulator and a "Relocation Notice" to the Health & Safety Executive concerning the floating production, storage and offloading vessel

§ As at 30 June 2024, the Company had a cash balance of approximately £13 million and no debt. This reflects £5.5 million received during the first half of the year as a result of completing the Greater Buchan Area farm-out transaction with Serica

§ The Company benefits from no financial exposure to its 20% share of the Buchan project's costs as a result of the farm-outs that have been completed with NEO and Serica

§ Whilst clarity is awaited on the fiscal and regulatory uncertainties currently facing the UK's oil and gas industry, work on the project is being slowed down by the Buchan Operator and a licence extension is being requested

§ Actions are being taken to further reduce the cash costs of the business in the near term ahead of Buchan FDP approval. Through various measures, including a reduction in salaries, staff and Director numbers, the cash costs of the business are forecast to fall by 50% from £3 million a year to under £1.5 million in 2025

§ While the Company continues to seek compelling M&A opportunities that could bring cash flow, portfolio diversification and quality investment opportunities into the business, it is now looking through a wider lens than the historic focus on purely UK oil and gas assets

[hazl] 08/1/2025 13:58

The Buchan redevelopment project involves installation of new subsea production gathering infrastructure tied back to the ‘Western Isles’ FPSO. Agreements have been executed for acquisition of the vessel, with handover of the FPSO schedule to occur following approval of the Buchan Field Development Plan.

[hazl] 08/1/2025 13:46

It's looking good.
Oil prices predicted higher apparently.

[hazl] 08/1/2025 13:38

Don't encourage them....please.

8-)

[catchingmice] 08/1/2025 13:19

No sign of MT on the other board and the Trolls have gone quiet on here ?

[barnes4] 08/1/2025 12:48

This rise is incredible

[barnes4] 08/1/2025 12:44

If so then all ukcs companies will benefit

[barnes4] 08/1/2025 12:43

Looks like the market is factoring in some political changes

[chessman2] 08/1/2025 12:41

The fall here was much too much. Investors here should see a steady increase to previous heights and then to beyond.

£2 this year should be well within reach. And of course when the government come to their senses which it looks like they are doing, JOG will go much higher!

[smackeraim] 08/1/2025 12:35

going past a quid