Jersey Oil And Gas Share Discussion Threads

[davidblack] 02/1/2019 22:32

Agreed but hey Cortina is bigger still apparently that will fill out any gaps with luck.

Also companies always give size estimates which when successful tend to grow in multiples and not successful shrink just as quickly.

It’s just how competent person reports are required by the regulatory bodies work.

So I am predicting Verbier will grow simply based on the oddities of CPR calculation methodology.

It’s one of the reasons why investing in phase two drilling after a discovery can yield decent returns. Hence why I am here.

[mesquida] 02/1/2019 22:18

But 400m is surely some what higher than the top end of the range of guidance that the company has suggested on a number of occasions.

[davidblack] 02/1/2019 22:01

If Verbier came in at say 400m with an 18% share at say $5 a barrel that’s say £280m with say 25m issued shares post options etc and a bit for other assets that’s £12 a share!

Ok this one really is leveraged because of the small number of shares.

[xxnjr1] 02/1/2019 20:38

Nothing firm yet afaik. It's on the wish list, but probably need to review and interpret the new 3D data set. Then rank the opportunity set illuminated by the new 3D, and also review next Verbier drill results, before deciding next steps, Verbier, Cortina, or otherwise. And thats just for the block itself. Equinor are in the driving seat. Whatever they do after Verbier, then has to fit into their global opportunity set. OTOH JOG may just "flog itself" post Verbier plus xxx* days.

* Insert a number between 1 and 999

[davidblack] 02/1/2019 15:57

Has there been any talk of drilling Cortina?

[trulyscrumptious] 02/1/2019 15:43

It will be probably be worth more than that as they looking to prove up the high end of the reserves.

[davidblack] 02/1/2019 14:26

Indeed it is just £30k of trade today added 2%.

A bit of luck on the drill and £500k of buying and this thing will be worth a fiver!

[xxnjr1] 31/12/2018 15:03

The shares are very tightly held Db :)

[davidblack] 31/12/2018 11:40

Up £1.4m on the market cap after £50k of trades not all of which were buys. That 4.5%.

Oh boy this should move if we hit some “Black Stuff.”

[mariopeter] 31/12/2018 10:29

King Lear discovery was between 15 and 70 mill barrels recoverable when found by Equinor.

Sold as recoverable 77 mill barrels (with another 100 m potential). It was gas/condensate so not really comparable on price per recoverable barrel.

[pro_s2009] 30/12/2018 23:26

Thanks for the update.

Also, the fast track 3D data should be available now and they will have had good time to study it prior to drilling.

This delay, whilst annoying, will actually likely ensure a much better appraisal result.

[hiddendepths] 30/12/2018 16:50

Thanks xxnjr1!

[xxnjr1] 28/12/2018 23:01

Day 86 now. Well almost done.
Westshore have 3 Skandi's (Vega, Iceman and Bergen) down for a rig move of West Phoenix on the 2nd January :)

[pro_s2009] 28/12/2018 12:41

Yes, JOG shares could be worth between 300p a share to 1500p a share.......

Thats why its very exciting with the appraisal well, a good one and the shares fly, and add on of course the potential for other leads with the new 3D.

[parisv] 28/12/2018 09:48

Equinor sells their 77MMboe discovery to BP for £200m



JOG's Verbier between 25 and 130MMboe nice.

[rayrac] 25/12/2018 13:46

New year time to buy, but as I’m substantially holding, I’ll leave it up to you guys? :)

Happy Christmas all

[pol123] 22/12/2018 11:17

SP mighty appealing at the moment, even considering further market volatility. These are defiantly a window of opportunity if you have 6-12 month time horizon

[xxnjr1] 19/12/2018 11:15

According to original schedule of 81 days - only 4 days to go.
I think this will overrun a bit (the small fire on rig, weather related delays, Halten Bank wells usually overrun, and just stuff!)

[mariopeter] 19/12/2018 08:58

Be nice to have some news on that seismic.

[captain james t kirk] 18/12/2018 15:41

My finger is also hovering. Any thoughts on todays trading and price action ?

[hiddendepths] 18/12/2018 14:56

The Drewster - first well was scheduled for 83 days and spudded on 3rd October. It may take longer if it encounters difficulties or finds something unexpected.

The other two are planned to be quick but I agree that Feb/March is best case while May would hardly be a surprise.

Shouldn't matter too much - at least the seismic shot last year will be pretty much fully processed ahead of spudding, which may well be very helpful for the drilling and improve the chances of an optimal outcome.

I nearly added this morning. One more day of weakness and I won't be able to resist!

[the drewster] 15/12/2018 13:26

July RNS said we would be the 3rd well (anticipated mid to end Q4) ... November RNS slipped expected date to Q1 2019 ... Wet Phoenix is still on well 1, so surely Feb/March best case?

[captain james t kirk] 14/12/2018 10:21

Aren't we all:)

[hiddendepths] 14/12/2018 08:38

Status: still at anchor.

[xxnjr1] 12/12/2018 14:54

West Phoenix is self propelled. Travelled under it's own steam, as was a relatively short distance from the fjord it was in, to the RN well location. Phoenix also has dynamic positioning - although could be anchored for RN, as only 278m Water Depth. It didn't look like there had been a re-spud, up to the time I last checked NPD, which was a few days ago.

According to schedule - only 11 days to go.
There could be a bit of extra time though.
(not unusual on the Halten Bank with deep wells)