Jersey Oil And Gas Share Discussion Threads

[leewain] 03/2/2021 08:31

At last some sense! Nobody is interested now in oil, the world is moving on and adapting to greener energy. Loads of negatives in this, far too many to list. If it goes over £2 book your profit and sell.

[venomousviper] 03/2/2021 00:25

Just another point of interest if the BOD were nailed on confident of a Farm Out the share options would have been set at a far higher price giving confidence to shareholders that the BOD were confident that price would be realised not some quick buck options at the current price to cash in at the expense of existing shareholders to line the pockets of the senior staff!!

[venomousviper] 03/2/2021 00:10

Schroders walked L&G Walked all at a big loss ! and most importantly Equinor walked .Equinor had access to all the data and abandoned ship why we don't know but we can assume they thought it was not a viable project.A lot of oil companies won't even give this the time of day if Equinor aren't interested then neither are we as the saying goes they obviously know its not worth the risk.
The share price has had a good run on the back of positive news I very much doubt that will continue and a collapse to 60P Bones698 price target is very much on the cards over the next 6 months as the cash runs out.

[kakapo1] 02/2/2021 18:02

Oh dear CM, so Kermit's gang includes Schroders, L&G, Equinor?
The share is on a good run but wait cash will have almost gone by end Q3.

There was almost mutiny elsewhere a week or so ago, which was rapidly quelled by the Gang-Master. Now angry views about Options. There are over 1million options exercisable at 175 and more just allocated. For a company with little income and No profits what is the rationale to reward dis-incentive? Reward financial targets achieved(profit) is fine. Directors having been awarded a 67% remuneration increase (yr19) and £100K bonuses, one wonders what remuneration awards were made for the year just ended(31/12/20). The viabilty of the GBA is not without doubt even though there are those who are mesmerized by big numbers. Get too £2 and I am gone.

Take a bit more warfarin CM, it will soothe the nerves and the urban language.

[jtsouthern146] 02/2/2021 17:21

Trap oil mk2

[catchingmice] 02/2/2021 14:35

Several muppets on the other thread coming out today with negative comments LOLThey are F-----G clueless thinking they know more than the BOD

[catswhiskas] 02/2/2021 13:56

The PR machine steps up into full gear as Jerseys cash runs out and they need to Fund raise .
The thing to watch for here now is the exercise of the options rns .If following this some large sells start to report especially at these levels there's nothing surer than there is no farm out or sale in sight.

[36redhill] 02/2/2021 12:52

If they have 172m barrels there won't be just one interested but several Large players. This is getting on to Golden Eagle size.

[catswhiskas] 02/2/2021 12:42

I very much doubt the major shareholders are going to stump up £2 a share again to fund the placing / rights issue which will happen soon.They will want a significant discount to the prevailing share price .Placing will be nearer £1 than £2.

[catchingmice] 02/2/2021 11:53

Get the feeling this will move pretty soon

[mariopeter] 02/2/2021 11:49

Data rooms not open yet !

Someone is filling up with JOG stock and as the sellers at current levels finish mms mark the price up to the next level.

[kakapo1] 02/2/2021 11:44

Mario guess you are right, Big Players may have a sniff and do'nt like the smell.

My point was and am sure it has registered, cash is being burnt rapidly. As another poster stated the lower cash gets the more vulnerable the company becomes. Interested partners know only too well. The presentation is a PR exercise, would you expect the BOD to be anything but positive?

36redhill, hello was in at the last raise (£2), were you?

Otherwise after you

[36redhill] 02/2/2021 11:20

Best you get out then. Bye

[mariopeter] 02/2/2021 11:19

You can only bring the horse to water. Would $660m be enough for you Kak?

The key point in all of the show today is how undervalued the whole thing is at 20c a barrel when 165mmbo (175mmbo with gas) can actually be sold, pre development, for $4+ a barrel. Not bad for a Company with only 24m (fully diluted) shares.

40 mbopd from the four legged jacket facility is new news. At full production the Buchan field will throw off surplus cash of cc £1.6m per day maybe more maybe less depending on the oil price. (assumed cost of $20 a barrel).

Oil perky today now that Saudi's have "voluntarily" turned off the taps on the US from the 1st February. Brent £57.7.

[kakapo1] 02/2/2021 10:37

PR machine getting into gear. Fish not biting and time( funds) running out.

F/O seems to have changed from 70-80% to 50%. Funds needed.

Will push to £2 then wait for a Fund raise.

[catswhiskas] 02/2/2021 10:19

No news for a while now time to take profits before Mr 10K starts to tank the share price as per usual .

[thedudie] 02/2/2021 07:56

Lots of detail in the presentation -- seems to me they have included a pretty big "For Sale" sign as well!

[limor] 02/2/2021 07:20

A very uplifting and positive video and presentation this morning by JOG.
A must watch for shareholders . I sense the newsflow will be thick and thin from now onwards.

[pro_s2009] 02/2/2021 07:09

New video is now in the header here.

Presentation link :

.

[pro_s2009] 02/2/2021 07:06

New video and presentation.

[catchingmice] 01/2/2021 13:51

Bang on the 1st resistance point at 1.70 then we have 1.76 and 1.84 I imagine we could see this hitting the 1.90 level over the next few days or so

[daler1966] 31/1/2021 16:31

Equinor and Shell targets among trio of UK 'wells to watch' in 2021High-impact targets from Equinor and Shell have been named among the "wells to watch" for the UK North Sea in 2021 by Westwood Energy.

[36redhill] 29/1/2021 23:27

Well they will be able to make there own decisions taking on board your advice won't they. Plank!