Jersey Oil And Gas Share Discussion Threads

[bones698] 07/10/2020 17:00

This isn't an investment it's a complete gamble that's exactly what aim shares are m the fact you think this is an investment opportunity says it all about your complete lack of education when it comes to the stock market . You invest in blue chip stocks and the like for long term gains not tin pot outfits like jog .

Even before the pandemic this was s dog of a share and it's only due to ramping and some hyped BS from the board it ever recovered from 60p last time . It's haleading back there as the realization is beginning to kick in that this company will struggle to deliver anything meaningful and a low oil price environment will certainly not help . It's heading in a very similar direction to trap only they are a lot further behind and haven't even started flowing oil . If that even does happen which I doubt then the real problems would begin to show .

How many dilkutive cash calls will it be before people like you realise your wrong ? How many times seeing the share price crash and field economics suffer before you realise this is a failure just waiting to happen

[mariopeter] 07/10/2020 14:00

Grudgy Bones and Short Whiskers wasting good virtual space except Whiskers is trying to frighten investors into selling so he can buy lower. A very very ugly side of the financial markets and free speech.

[catchingmice] 07/10/2020 10:19

What is the point of you existence on this board ?This will turn at some point just wait and learn the lessons in investment geezer

[bones698] 07/10/2020 10:15

What happens when you ramp up prospects beyond belief only to have to see them fail and become worthless. I can't believe how much it went up on winning a license . No other small oil and gas company moves like that on such inconsequential news . Just shows how overhyped and ramped this is . Partly down to the directors and their blind following of Pi's who believe everything they say . They all deserve to lose everything

[catswhiskas] 07/10/2020 10:07

LOL sounds like its bad news for the directors too as they are going lose all their money aswell.

[plentymorefish] 07/10/2020 09:20

C'mon bones698....stop sitting on the fence and tell us how you really feel.....

[catswhiskas] 06/10/2020 11:42

in so much trouble as it collapses into oblivion will it be able to raise funds in this market going into administration?

[catswhiskas] 06/10/2020 09:58

Down this goes absolute horror stock

[kakapo1] 06/10/2020 08:26

Oh Dear CM, it must be painful to see Muppets like Equinor and some of the company's stalwart supporters becoming nervious.

[catchingmice] 05/10/2020 22:36

https://www.proactiveinvestors.co.uk/companies/news/928320/jersey-oil--gas-tipped-for-substantial-upside-as-it-advances-expanded-buchan-project-928320.htmlTake no notice of the resident clowns on here as i know who i trust If these clowns think they know everything then the majority of them would be retired and enjoying luxurious lifestylesBunch of Muppets each and everyone of them so ignore them at your peril

[catchingmice] 05/10/2020 17:07

See ya thenTake a hike geezer as you can't take the heat

[bones698] 05/10/2020 14:13

The share price chart isn't exactly looking good is it . Under a quid now and no end in sight as things worsen and the company needs to raise cash soon which will depress the share price even more .

I'm sure there will be more BS from the management team to try and rally the price before a big fund raise and idiot investors will fall for it as usual and dilute their holdings believing every word they say . Meanwhile they get paid huge salaries at your expense for delivering nothing but failure .

Warned everyone this would be back at 60p in due course and looking like that will happen in the next few months especially when they try raising money

As for selling the assets ,just what do you think they are worth ? They are worthless unless someone is willing to buy them and in this climate they won't find any buyers so worth nothing . The only thing pinning up the share price was the cash which we now know is disappearing faster than ever . Big rights issue coming and the longer they leave it the worse the price will be

[hsfinch] 03/10/2020 07:44

Not sure how many institutional investors hold this but for sure they'll be looking to exit. U.K. oil patch ain't where they wanna be. share price has held up well in the circumstances. But won't be long before it's back to recent lows.

[catswhiskas] 02/10/2020 14:57

Hi kakapo1 I entirely agree as soon as that was posted on lse alarm bells also rang .The said poster is also no where to be seen and there are claims on the bb he is not too good .I sincerely hope he is ok.The rapid drop in share price here is purely down to legal and general selling 4.5% however I'm highly suspicious they aren't the only ones and the said poster held quite a few.

[kakapo1] 02/10/2020 14:03

catswiskas, with respect I have not counted your posts but would guess as mine are very infrequent,you write far more. I significantly reduced my holding before Christmas after Equinor's departure, in profit. My residual holding owes me little as one never knows that pot of gold may appear.
When even ersthwhile committed PI's begin to question whether or not the BOD have become too ambitious with the GBA venture, alarm bells begin to ring.

[mariopeter] 01/10/2020 20:32

History of Buchan:



You will note that all prior owners of Buchan failed to understand the extent of oil there. New technology seemed to increase reserves all the time. It was known to have difficult geology but look what has happened since Equinor sold.

The Schlumberger model of the Buchan field is new and further work continues to de-risk the project. Interesting bit in the link above was under the "future" paragraph. Buchan btw stopped because the rig failed while still producing oil under natural field pressure. JOG are planning water injection techniques for Buchan.

No doubt A new discovery in the locality would likely accelerate the project and seal it. Verbier was seen by Equinor as not being large enough to immediately seal it. Pity they did not drill a little deeper in their appraisal well. Do remember Equinor were involved in the seismic over Buchan for a reason. They knew there was oil still there and of course J2 was there too requiring new seismic.

Lots of opportunity to sell higher than today ahead. I don't think JOG will realistically expect to be field operators but who knows.

[catswhiskas] 01/10/2020 16:59

kakapo1 do us all a favour mate and stop posting the same old stuff you've been posting since December last year .We get it you lost money here earlier this year so you don't believe the business case here thats fine but leave those here that do in peace mate unless you've got something new to discuss apart from Equinor .Thanks .

[kakapo1] 01/10/2020 16:02

Sorry Mario.... if you believe that you must believe in Santa Claus.

Equinor were partners for a long time as the BOD emphasised many times, one have thought they were joined at the hip.
Equinor knew the score at Verbier and could see the potential was low as compared with earlier trial drills (Oct 2017) They exited in a way to create least discomfort to JOG by agreeing a token payment now and a Royalty on extracted oil from Verbier, which may never happen. Dog does not eat Dog.
The arrival of GBA an aged and what BP thought an almost exhausted field, has been a distraction away from Verbier and the high expectations around that licence.

Equinor's knowledge of the UKCS is possibly better than most and the option granted by JOG allowed more than adequate time to evaluate the viabilty of the remaining structure. Remember they were looking at a known structure and have enormous experience in not only Exploration but Production also, something JOG do not posess. It would be surprising to finally discover who the eventual Producer partner is as some believe JOG want to be a Producer in it's own right.
That will be expensive and a huge gamble.
Maybe we will be totally surprised at the current outcome