Jersey Oil And Gas Share Discussion Threads

[euclid5] 15/6/2017 21:16

Mesquida,

off course it is, which is why they managed to farm out the asset to Statoil & re rate the shares from a £1m cap to nearly £30m.........plus the BoD never issued hundreds of millions of shares. think they consolidated them....good move - 10m shares in issue

the real smart money got in sub 30p & out over 250p without any worry of a drill turning or dusting.....now it's risky waiting for the drill result once Statoil start drilling

mesquida12 Jun '17 - 22:47 - 390 of 396 3 0
This outfit's record is diabolical? But surely this will be their first drill, so how can you talk about their drilling record.

[bones698] 15/6/2017 21:10

The odds are far less than those stated. If you had done your research you would find that the odds in the region to find commercial discoveries is about 1 in 12 and I trust those figures far more than someone who was paid to do an report on jog. Before this was jog it was trap and they missed on every drill they did so doesn't bode well . Chances of failure 90% and although statoil farmed.in the impact on them is minute compared to the disaster it would be to trap on what is already a massively overpriced share. We will see but don't say you weren't warned

Also bear in mind that someone has been.selling shares at these over inflated prices while mugs are buying in . That tells.its own story

[englishlongbow] 15/6/2017 08:30

Made another top up yesterday but difficult to get any volume of stock. This will blow soon.

[money maker1] 14/6/2017 23:22

It doesn't quite work like that. The probability of hitting 100% of what they expect on Verbier from a first well might be around 29% but the probability of hitting say 50% might be 50% or 75%. Conversley they could hit more than they expect. Obviously the involvement of a big player like Statoil adds confidence. There is also the Partridge lead being drilled by Azinor this year and they have the Cortina play. JOG have also said they will acquire some producing assets using loan cash and I think they could do that this summer to balance risk meaning early cash generation.

[baner] 14/6/2017 22:09

trulyscrumptious

i totally agree - a discovery will see a significant uplift in the share price - however with no discovery the shares will be nearer to 0. the probability of a discovery is said to be ca 25%, in other words the probability of the shares coming down to nearer to 0 is ca 75%. if you consider this to be a sound risk/reward, by all means keep buying!

[rogerlin] 14/6/2017 16:03

Statoil seem to like the prospect, it would be nice to see the rig move but we do not know whether Verbier will be the first in its North Sea schedule.

[trulyscrumptious] 14/6/2017 12:32

bones and baner. You sound like the Chuckle bros. Everyone here knows the risk. Don't invest if you are so scared that the thought makes you tremble or are you just trying to talk the share price down so you can buy cheaply? A discovery will see a massive uplift in price but if you don't want to take the gamble go and invest in a safe bet.

[mesquida] 12/6/2017 22:47

This outfit's record is diabolical? But surely this will be their first drill, so how can you talk about their drilling record.

[baner] 12/6/2017 19:55

Bones 698

total agreement - and this is also what the chart implies - first down to 100p-ish and then on to 0-ish unless there is a commercial discovery with Verbier - with a 70% probability there is not.

[bones698] 12/6/2017 19:37

Worth about a quid a share on the 1 in ten chance the drill hits other than that this is all hot air nd no substance .
Simple gamble but the odds are very much against them hitting . If you like a gamble then certainly one to gamble on but in past experience this outfits record is diabolical and can't see it changing

[baner] 12/6/2017 11:23

phowdo

agree - we are heading towards 100p-ish, looking at the chart. choppy water ahead.

[phowdo] 06/6/2017 19:20

Chart needs to turn up soon otherwise it will have a severe case of dandruff.

[rogerlin] 06/6/2017 19:02

Well 6705/7-1 was drilled by the Transocean Spitsbergen drilling facility. Following a short break, the rig will proceed to the UK shelf to drill three wells for Statoil.

The short break seems to be lasting a while.

[vimster] 02/6/2017 08:49

A costly lesson Shab.

[shabbadabbadoo2] 01/6/2017 16:14

Why have a stop loss on a share like this? You will always get taken out as the shorters will just fish for them, making their short a winner every time, and your stop loss a loser every time.

[vimster] 01/6/2017 11:07

Just took my stop loss out..

[cyan] 26/5/2017 08:57

Page 17 extract;

"If well successful as hoped then further funding is likely to be
required"

or, will they sell their share straight away?

[rogerlin] 25/5/2017 20:06

New presentation.

[bigbaddickfromacapulco] 17/5/2017 19:24

Good luck with that dog of a share HNR. Warrants cleared yet ?Wouldn't put £10 into HNR

[money maker1] 17/5/2017 12:39

On twitter, no RNS yet:

Just released - Approval of small cap Highland Natural Resources (HNR) patent for its refraccing and anti well bashing system DT Ultravert (DTU) - That is HNR's commercial future secured regardless of whatever else happens.

Must be worth at least 70p now against 30p before the approval leak.

[jusmasel99] 17/5/2017 10:10

The rig has been hired ... old news though
hxxp://www.offshoreenergytoday.com/statoil-hires-transocean-rig-for-uk-norwegian-drilling-campaigns/

[englishlongbow] 17/5/2017 09:55

IGAS

Following recent debt reduction and stakebuilding by Transeuropean, it looks like cash generative IGAS is set to gap-up from 5p to around 10p.

www.immupharma.org/fda-grants-immupharma-ammended-spa-lupuzor-phase-iii-company-progresses-development-activities

[trulyscrumptious] 16/5/2017 11:03

A snippet from Malcy at about 9 minutes 10.

www.malcysblog.com/2017/05/vox-markets-podcast-malcy-covers-premier-oil-sdx-energy-jersey-oil-gas/

[top tips] 15/5/2017 12:18

Transocean Spitsbergen
12/5/2017

"Well 6705/7-1 was drilled by the Transocean Spitsbergen drilling facility. Following a short break, the rig will proceed to the UK shelf to drill three wells for Statoil."

[baner] 15/5/2017 08:58

Money maker1 - on what drugs are you? Keep dreaming!