Jersey Oil And Gas Share Discussion Threads

[catchingmice] 19/2/2021 09:52

Buyers still very active here snapping up the sells instantly bodes well for the next move up very shortly"Watch this space"

[catchingmice] 19/2/2021 09:41

I certainly wouldn't want to be out of this share over the next several months or so.Big news on the horizon coupled with rising oil prices and the end of Lockdown in sightJust think about it the timing could be a perfect scenarioShare price currently mid 2.40's so this can quite easily do 100%-200% in a heartbeatThe MICE

[venomousviper] 19/2/2021 09:41

Jts is bang on the money save yourselves whilst the going is good .

[mariopeter] 19/2/2021 09:37

Think we will have to agree to differ Bones.

[catchingmice] 19/2/2021 09:31

I would rather listen to the expertise of the team assembled at Jersey oil and gas who have their own money invested here

[leewain] 19/2/2021 09:22

Id rather listen to an expert in the field than an experienced PI.

[kakapo1] 19/2/2021 08:58

Very interesting posts these last few days. When Lazarus arises again with spiteful and cleverly engineered text, is the truth beginning to emerge??

Investors and interested parties would do well to research the now dissolved company, Longreach Oil & Gas.

You will need to dig deep and may be alarmed at what you find.

[jtsouthern146] 19/2/2021 08:40

MP i'll send you my CV if you want to discuss credibility.

All EPs think the same and have the same way of evaluating investments so it's a pretty safe bet how they will think if theyo atend a Buchan data room.

I was excited pre-appraisal about Verbier but it turned out to be a duster.

Good luck though lets hope for your sake somebody can be persuaded to keep this train on the tracks! I have no reason to wish for you to lose your investment.

[catswhiskas] 18/2/2021 23:44

There is no way Bones698 will be buying into this story he has too much experience from the failures of Ramco Energy Sea Energy and Trap Oil all duds and knows one when he sees one .
Experience counts for a lot in this game and Bones has been around since before the Ramco days beware at your peril .

[mariopeter] 18/2/2021 22:45

You see Bones you lose credibility when in post 3588 you wrote "CPR clearly shows that Verbier is classified as non commercial" yet in post 3590 you express a personal opinion and state "Based on the information you have had presented to you I see no indication of commerciality"

Yes good idea lets spend $1b on a brand new FPSO from the Far East and bring it to Verbier. That aint the plan. The plan is a tie back to the Buchan facility.

Anyway one thing we gleaned from you today is with your finger in the air 58mmbo might be plausible from Buchan (totally excluding Verbier) and that is not exactly the optimistic view knowing you. So why don't you let the money men do the rest which is what the FDP is all about. My view is 58mmbo is a very viable project in the NS.

Glad you revisited the CPR and let us know what price you buy at tomorrow!

[jtsouthern146] 18/2/2021 22:01

may as wel have just written "blah blah blah blah" instead. Waste of time this place.

[churchill2] 18/2/2021 21:39

Hi Jtsouthern146

Help me out please.

I am trying to keep this as simple as possible based on the latest presentation.

72 million barrels at 90% probability.

171 million barrels at 50% probability.

The rest is finger in the air projections.

So a serious buyer willing to take on the risk of purchasing 100 million barrels ex JOG would pay 5 dollars a barrel thereabouts.

If my maths are correct that works out at £16 per share so that provides some merit to your view it ain’t going to happen.

It does make an intriguing speculation though.

[catswhiskas] 18/2/2021 20:16

Well its certainly good to have jtsouthern on the thread who knows what they are talking about and anyone invested here really should be sitting up and taking note it might save some people an awful lot of money.

[jtsouthern146] 18/2/2021 20:11

"The Verbier field, with its different licence interests will be subject to a separate, incremental investment decision. It has been considered as a subsea tie-back to the Buchan Area project." So these EXTRACTS from the CPR interestingly do not actually state at any point how Verbier is classified.

[mariopeter] 18/2/2021 18:56

Maybe point that out in the CPR below Bones. Note the CPR was done when JOG owned only 18% of Verbier :

[jtsouthern146] 18/2/2021 16:58

25 mmbo from Verbier? mad. CPR clearly shows no evidence that Verbier classified as commercial (MP your argument now invalid ha).. Another fact that you'll ignore because it doesn't fit your hopes and dreams and something apparently glossed over by the chaps you hold in such high esteem

[royscot1] 18/2/2021 16:42

How is your imaginary short running for you CatsWhiskas?

[jtsouthern146] 18/2/2021 16:28

Not sure what you’re suggesting about financial engineering to be honest. When you learn about North Sea project costs do let me know though and we can finish our maths exercise.

[catswhiskas] 18/2/2021 16:26

Run for the hills !! Lock in your profits before the emperor is wearing no clothes

[mariopeter] 18/2/2021 16:02

That says it all Bones even if there were only 25mmbo (about the size of Verbier minimum 2C-- agreed not flow tested) the FDP will be financially engineered (not geoscience)to match expected revenue as attested by the quality advisers. The share price is reflecting only the fact that JOG might farm out some undrilled targets.

Your opinion is heavily linked to the fact that you obviously have some historic vendetta with the Board which is why you have been moderated on Pro's board.

If you go long on JOG let us know as that may be the time to sell.

[jtsouthern146] 18/2/2021 15:29

Hehe well if you lot keep buying it then it will rocket but it doesn’t mean there’s a viable project. If i had a crystal ball and knew it would rocket tomorrow I wouldn’t buy out of principal. Nicely moved on from the logic.. we established a revenue to base calculation on but that alone doesn’t tell you much. Now you just need to acknowledge lifetime costs and you’ve buried your own sentimental arguments and put downs and aligned yourself with the rest of the industry (and not contradicted rockflow or slb or petrofac who share the same numbers they just don’t care about how jersey spin them together to get your money)

[catchingmice] 18/2/2021 15:23

Just buy some stock BONES and treat yourself to a new car when this share goes ballistic

[jtsouthern146] 18/2/2021 15:14

No farm in will come will be interesting to see jerseys move after that.

[thedudie] 18/2/2021 15:08

There is clearly some doubt here and the price at £2.50/sh reflects that - otherwise if there was complete certainty this would be at £25/share (Give or take a lot!).

The market is valuing the company as if it has a 1 in 10 chance of pulling this off.
Clearly anything can go wrong but if you don't believe the odds are that bad then it is a no brainer to buy.