Jersey Oil And Gas Share Discussion Threads

[rogerlin] 24/6/2017 08:07

STATOIL N SKANDI HERA AHTS R/M TO SPITSBERGEN

Maybe we will see movement soon?

[matt123d] 22/6/2017 20:27

Won't lose more than a few percent as I have a hard stop if today's low fails. 220p isn't optimistic for a short term oversold bounce.

[bones698] 22/6/2017 18:07

Matt hope you enjoy losing 50% of what you bought then because this has cliff written all over it in the coming months and once the drill fail to hit its back to 20p

[matt123d] 22/6/2017 09:37

Added a few here for an oversold bounce.

[baner] 22/6/2017 08:34

next stop sub-100p

[bones698] 22/6/2017 08:32

Timberrrrrrrr off a cliff.

[bones698] 21/6/2017 21:24

That's only if they get it done pre drill . If they wait until after it might well be at 20p though if they miss which is likely and the dilution then would be horrific.
Not a fan of this outfit never have been since trap days but I think the so rise has suckered in quite a few mugs just as PG is selling out knowing the odds

[euclid5] 20/6/2017 07:59

Statoil are funding them for the first £25m on the first drill....but at 2.50p any fund raising will have minimal affect re dilution

[bones698] 20/6/2017 07:46

Eulcid pretty much spot on there anyone with brains would be selling out if on a profit pre drill , only the biggest gamblers would.stick with it on a 10% chance of.drill success. Never understood the big rise as it has next to nothing to offer and expect them to raise cash before the drill or risk having to raise it in the pence when they hit a duster . I suspect that's why the share price is already dropping as news circulates of impending fund raising at 150p maybe my guess

[rogerlin] 16/6/2017 16:54

lowflow, I think JOG have always just said "summer". Statoil refer to three wells to be drilled by the rig, but do not say in what order. The Transocean Spitsbergen is in Bergen, not moved yet.

[lowflow] 16/6/2017 11:55

Quick questions:

1. When during the summer is the Verbier well expected to be spudded?
2. How many days of drilling will it take to complete the well?

Thanks

[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.