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Share Name Share Symbol Market Type Share ISIN Share Description
Jersey Oil And Gas Plc LSE:JOG London Ordinary Share GB00BYN5YK77 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.50 3.04% 118.50 115.00 122.00 121.50 115.00 115.00 78,699 12:15:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.1 -9.5 - 24

Jersey Oil And Gas Share Discussion Threads

Showing 6826 to 6845 of 7100 messages
Chat Pages: 284  283  282  281  280  279  278  277  276  275  274  273  Older
DateSubjectAuthorDiscuss
30/9/2020
08:28
catsWhiskas,, hsfinch makes some very good points which should not be ignored. Yes the company were saying a few months ago "fully funded until end 2021", now, and do read the interim report as financing has changed and we are now being told "FO/Funding in Q1 2021" So wait for something end this year early New Year. Funding of infrastructure re-generation at GBA is going to be enormous. Just research cost of a new platform! Royal Dutch Shell's statement today should serve as a warning signal to ALL Oilers.
kakapo1
30/9/2020
05:58
It's taken them over a year and £8million to work out they need a jacket! And a similar amount left in the bank. Cash raise required ASAP. How much is the field development gonna cost? A billion? Not sure who's gonna put their hand up for that at the moment? Equinor clearly wasn't interested. If oil stays low JOG will struggle whilst spending funds and diluting shareholders. Avoid.
hsfinch
29/9/2020
21:28
Day Traders should avoid this stock at the moment the Legal and General stock hasnt cleared there is probably around 2% left thats 450K shares still to clear.Thats why it retraced very quickly today working out quite costly for some 17018 bought 121 sold 112.5..Don't give up the day job !
catswhiskas
29/9/2020
15:45
Agreed but will not be at these low levels otherwise they would be better selling the assets.
mariopeter
29/9/2020
15:20
Cash in bank true and oil underground and No revenue likely for 4 years at least. Wait for the wizz-kids to examine finances, funding one way or another will be needed early next year to progress the considerable re-generation of GBA. Even retaining 20-25% what are PI's likely to be asked to fund? Oilers both producing and not have a challenging future.
kakapo1
29/9/2020
13:55
They do have some cash, when many others are borrowing large sums but the others are producing so they have revenues, at a lower Oil price now, so not helping. JOG has no revenues and all the loses are administrative, so no matter if Oil price rise, the revenues are going to be "CERO" for the moment being, and the cash will be slowly eating its way through the bank balances.
master rsi
29/9/2020
13:24
They will all be selling at a loss soon
rbonnier
29/9/2020
12:45
These sellers that come in on 1st signs of a rise are absolute muppetsI hope one day this does a 100%-200% rise of which it is capable of doing and all these muppets cannot get back in unless they pay multiples of the share price
catchingmice
29/9/2020
11:05
Thanks Masterrsi. A hell of a lot stronger than many others don't you think.
mariopeter
29/9/2020
10:36
I’m very happy with my investment here. Everything is slowly building up and in due course we will see the fruits of the directors’ labours. JOG is clearly one to hold for a successful financial future.
chessman2
29/9/2020
09:58
WHAT ABOUT THE NEGATIVE The company says: "strong cash position £8,8m" they have used £7,7m during the last year or £3,5m on the last 6 month on loses of (1,168,529) on the last 6 month LOSS FOR THE PERIOD (1,168,529) Period ended 30 June 2020 30/06/20 30/06/19 31/12/19 (unaudited) (unaudited) (audited) GBP GBP GBP Cash and cash equivalents 8,881,309 15,527,814 12,318,536
master rsi
29/9/2020
09:56
Malcy has a positive commentary on it:- https://www.malcysblog.com/2020/09/jersey-oil-gas-chariot-oil-gas/ Interims from JOG this morning, the only key number is the strong cash position of £8.9m at the year end which is £1m ahead due to cost discipline. The key highlights in the period include ‘significant progress in respect of the Concept Selection work for the Company’s flagship Greater Buchan Area development project’. This includes selection of the preferred development concept, a new production facility at the Buchan platform meaning that they will be able to accommodate fluids from nearby platforms via subsea tie-backs and export of hydrocarbons will be via pipeline to existing nearby infrastructure. Enhanced subsurface understanding means P50 technically recoverable 2C resources of more than 138 MMstb and P50 prospective resources of over 200 MMstb. What is most comforting is that the Buchan oil field has been dynamically modelled and history-matched to 36 years of production data It should also be borne in mind that there is also a significant exploration portfolio with 4 drill-ready exploration prospects with combined P50 prospective resources of 196 MMstb, in close proximity to the planned Buchan hub. Also JOG has added ownership to their GBA portfolio in recent months through acquisitions and a recent licence award. As we look ahead JOG has a lot of interesting progress to report, expect finalisation of the development plan for GBA, an update on the ‘exciting near field exploration potential’ showing very decent upside and of course the launch of the planned GBA funding/farm-out process expected in Q1 2021. Andrew Benitz, CEO of Jersey Oil & Gas, commented: “The Greater Buchan Area is a multi-faceted project and it is exciting to see the results of the hard work of our project team now coming together. Work is ongoing to finalise the development plan of our core project, with optimisation work on production phasing and on decisions regarding area collaboration, both for production volumes and power solutions. JOG is clearly in a very good place and much work has been done over the summer which is a tribute given the COVID-19 setbacks. The management have shown that the company has a substantial and extremely valuable hub at Buchan and shareholders should be very pleased with today’s update.
paleje
29/9/2020
09:40
1.Schlumberger working on Buchan is just the job really. Can't get a stronger blessing on what is left there (on top of the two CPRs) 2.Electrification from onshore and sub-selling to others is neat and lends more weight to the project bringing even more support from the Oil and Gas Authority. 3.Seem very prudent/realistic on satellite sizes. I do wonder with this market cap whether we might be taken out before farm-outs start Q1 2021 with 80mmbo recoverable at Buchan alone with tons of historical flow and drill data and seismic to support that. The size of investment is important but not as important as the IRR of the project and the question is what will that be in a background where we could have negative interest rates. If the IRR matches BPs requirements then they will have a look,at least, as they have declared this type of project is their future ie near existing infrastructure and everyone in the world loves the North Sea and associated UK law. The attractiveness of the hub is increasing and frankly if we are left only with 20% of the project who cares assuming we are not taken out. Holding tight here as the risks lower.
mariopeter
29/9/2020
09:20
Always a few planks that sell into a rise can't hold longer than a tea break
catchingmice
29/9/2020
07:53
He always get's it wrong I'll stick by my forecast that this will be 3 Quid per/share year end.The stock is atleast a 2-3yr hold possibly 4-5yrOnly patience in this will reward the patient
catchingmice
29/9/2020
07:36
RBonnier well I think you got that one wrong. Price now 117p to buy.
kibes
29/9/2020
07:32
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.
hiddendepths
29/9/2020
07:25
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.
kakapo1
28/9/2020
18:34
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.
rbonnier
28/9/2020
12:24
Negative interest rates will help the funding/farmout. https://www.bbc.co.uk/news/business-54314971
mariopeter
Chat Pages: 284  283  282  281  280  279  278  277  276  275  274  273  Older
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