Jersey Oil And Gas Share Discussion Threads

[goofedagain3] 25/2/2021 15:10

leewain..may I ask why if you've totally sold out and you think this share is a dead dog why you are still posting here? Surely your life isn't that empty and sad that you've got nothing better to do is it? Or are you a very desperate shorter? If the farm out comes off or the company is bought out or there's a JV then the share price will rocket. If none of the above happens then the share will tank. We all know the risks involved here and don't need your stupid comments.
Catswhiskas...come back in March. There's 28 days in February, or didn't you know that? You may well be right but it's the 25th today or didn't you know that?

[leewain] 25/2/2021 14:16

Sinzu: member since 6/1/2021. Enough said

[leewain] 25/2/2021 14:15

Sinzu: Ive sold my holding in this as its going nowhere. The smart money is out. Looks like you've fallen in love with this, a classic mistake in investing.

[catchingmice] 25/2/2021 13:56

I see the usual 'MUPPETS' have made an appearance once againand we all know what that means the share price will be moving higher pretty soon

[sinzu] 25/2/2021 13:22

From the "Jersey Oil and Gas - North Sea Oil" thread:


leewain5 Feb '20 - 15:59 - 3184 of 3845

If it goes under £1 it presents a good opportunity to top up if you're looking at this as a medium term investment.



Filtered.

[leewain] 25/2/2021 13:07

Also known as "sector protectionism"

[ride daice] 25/2/2021 12:56

Have some of this then



The world will need as much oil in 2030 as in 2019. 100M bpd.

[catswhiskas] 25/2/2021 12:17

That's right as for the Farm Out well they haven't even completed the concept select stage yet .How much cash is left I'd say about £3.75 million what then ??

[leewain] 25/2/2021 11:52

Massive collapse coming soon as there will be zero interest in this.

[thegreatgeraldo] 25/2/2021 11:48

JTS, re your comments,


"these projects are multiple decade, even five years @ high price is maybe 20% of project life. Better to have higher price earlier in life when more oil being extracted but point stands that you have to take a long-term view which is difficult for our human brains. In a world of EVs and Net Zero who knows how that looks over 25 years. Only thing sure is in a 5 year window you’ll be net cash out on a big project."

....Surely after 5 years you'd be looking to have recouped capex plus a bit having produced maybe 50% of initial P2 reserves? That's in a "reasonable" price environment, say mid-50's?

[catswhiskas] 25/2/2021 11:34

What happened to concept select thought that was supposed to be finalised by the end of Feb. This stock will be running on fumes soon and its all jam tomorrow .Where is the CS news?

[catchingmice] 25/2/2021 08:30

100% Buy rating this stock on Barchart currently

[leewain] 21/2/2021 19:20

Where's Tarlock?

[pro_s2009] 21/2/2021 14:54

JOG mentioned.



.

[burtond1] 21/2/2021 14:50

Malcy and Doc chat JOG https://total-market-solutions.com/2021/02/malcy-talks-oil-gas-xxiv/

[gowlane] 20/2/2021 22:12

Cheers JT, I have no wish of course to antagonise holders but best we hear the pros and cons and then we make our own minds up.

My reading of your response is that even the prospect of $70 oil would not necessarily resolve your concerns, a response that I did not expect.

Of course one could not argue against the notion that a project has to be a worthwhile investment in its own right and also attractive relative to competing projects.

And yes they would need a reasonably short payback time to recover their cash outlay, perhaps even 5 years? While I do not see this metric in the recent corporate presentation, that may be because they are still working out the details regarding concept selection, FEED, FID etc?

This is too difficult to call so a small punt may be the best way to play this until further details emerge

Regarding your closing comments, what would I not give for a night out at the local pub but fireside musings have their own appeal too.

All the best

[gowlane] 20/2/2021 16:33

Interesting link Churchill leading on to my next point

There have been some excellent discussions around bull vs bear points here recently, this is what makes these boards worth reading.

But a question for Jtsouthern if I may

Surely the viability of Buchan/JOG all depends on assumptions around the the future price of oil, and this field was simply not viable due to the low and volatile oil prices prevalent over the last several years?

As most oil companies struggled to balance diminishing cash flows against steep debt repayments and dividend expectations.

But would he still have the same view if Brent reached (say) the $70 mark and managed to hold that level for some time?

[churchill2] 20/2/2021 12:30

There is a real thought provoking article provided by Lindowcross (Thanks) on the Pharos board 5334. Is it a positive or a negative for Jog?

[catswhiskas] 20/2/2021 11:54

The skeletons are starting to come out of the cupboard ! Not looking good .

[mariopeter] 19/2/2021 19:04

So attempted removal from Longreach by shareholders in Dec 2013 when the Company was solvent and just prior to a Jan 2014 gas dicovery RNS in Morocco. Surely you can't blame Benitz for anything that happened after that. Two shareholders thought they could do a better job than the BoDs and started bullying. Hope they lost a ton of money for the way that was played out in public.

Oil and mining companies from zero to something need promoters who are different beasts to alot of us.

[kakapo1] 19/2/2021 17:18

hi churchill, keep digging, you will get there with a great deal of persistence. Was it resignations?

[churchill2] 19/2/2021 16:45

HI kakapo1

Re Longreach was quoted on the Toronto Stock Exchange.

Andrew Benitz and Ron Lansdell were on the Board.

Drilling for gas in Southern Morroco late 2013. Benitz gave a very bullish interview.

Both resigned April 2014

The assets were owned by Sound Energy in 2017.

Struggling to find out what went wrong presumably the Company ran out of money.