Jersey Oil And Gas Share Discussion Threads

[hiddendepths] 29/9/2020 08:32

Good job that the share price is being set by investors who have a more objective view than many of the posters on here. RBonnier - doesn't seem to have gone to 50 or 60p, does it?

This is a sleeper for now but the potential is substantial under most scenarios.

[kakapo1] 29/9/2020 08:25

Cash burn accelerating, Funding/FO coming early 2021. What is the cost of new Platform, any guesses? $500m, 600m, 700m or what. Admin costs are beginning to balloon. Otherwise report states what would expect, but dig down into the detail, not so rosy as 12 months ago.

[rbonnier] 28/9/2020 19:34

All depends on the announcement tomorrow or Wednesday whether this drops to 50 or 60P .The announcement is a little late not by much but if it was bad news csp now delayed until next year in which case the share price will definitely drop to 50P then I think it would have been out last Friday .Recent selling and this off 40% in a few weeks does not make me confident of a positive update however IMO somethings brewing.

[mariopeter] 28/9/2020 13:24

Negative interest rates will help the funding/farmout.

[rbonnier] 28/9/2020 07:25

I wonder if they're dotting the 👀 and crossing the tees in their imminent announcement.

[mariopeter] 26/9/2020 12:16

Will not be re-using the Buchan Alpha rig not that it was ever an option but this is why production at Buchan stopped:

[mariopeter] 26/9/2020 10:48

Can't be too far away. Agreed an RNS to that effect would likely help after all the CSP is a tad on the late side. I am not concerned as I strongly believe in the team but others clearly are. My feeling is you may feel like an utter doughnut knowing there are £42 per share assets (minimum) in JOG and you did not have some exposure. Can't be given on a plate so some risk needs to be taken. This is interesting:

[venomousviper] 25/9/2020 23:44

Bones698 You are assuming that covid 19 is going to be here for the next 3 to 5 years.
If it is all bets are off for most companies and we will all be well
and truly shafted.However covid 19 by this time next year will no longer be an issue the economy will be in recovery mode along with jobs and we will see poo in the $50-60 range .You need to look further down the line from whats happening now and research vaccines and anti viral drugs before making posts about the next 5 years .In 5 years time this will all be history let's just hope we are all still here to witness it .

[rbonnier] 25/9/2020 21:00

Well we will get a full update by Wednesday at the latest or this will be suspended.Considering the recent fall in the share price and the amount of sellers there have been im not confident.
That said at the AGM presentation and the last business update concept select which is material to the share price was on track there has been no rns to state otherwise so it might be the case we get news concept select is near completion and is expected very soon which should at least put the brakes on the sellers.Arden have a fair value share price valuation of £2.68 from a recent note dated 4.9.20 which jog have put on their web site.
The jury's out until next week .

[mariopeter] 25/9/2020 14:13

Concept Select Phase on Buchan Hub is bigger than they anticipated but the team will want to get it right. PIs losing patience.....Support on the share price around £1.

[catchingmice] 22/9/2020 10:32

Sell out geezer as you don't have the Bottle

[rbonnier] 22/9/2020 08:52

down it goes has the penny dropped yet

[hsfinch] 21/9/2020 17:58

There's some strong views on here. But let's be clear, this share is worth nothing at all if oil stays low. They're a one project company and I suspect that the company will run out of money before oil prices will make the project viable. I reckon that's why management is grabbing money whilst it can. For gamblers only.

[rbonnier] 21/9/2020 16:30

sell sell sell sub 1 tomorrow for this turkey

[ride daice] 18/9/2020 12:31

RBonnier,

Keep those price predictions coming. The law of averages states that you'll get one right eventually.

[catchingmice] 18/9/2020 12:26

Don't you mean you've been Short on this all along ?