Jersey Oil And Gas Share Discussion Threads

[pro_s2009] 03/6/2021 02:52

New Arden note on JOG. PDF file in the link below :





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[redrag1] 02/6/2021 23:07

Rbonnier - when do you start to worry that your endless urging of a lower stock price to enable your short lands on deaf ears? 34k shares - one seller - is that all you’ve got? It’s not even 0.1% of the outstanding equity?

[rbonnier] 02/6/2021 09:06

34502 sell at 1.47 someone in a hurry to abandon ship !

[pro_s2009] 02/6/2021 07:21

Update today :




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[stomford] 25/5/2021 08:43

I agree with most you state. What we do know, the company has approximately £20m in cash. So if it fails to negotiate a farm out, it trades at worst at cash. (It does of course owns licenses and data). On the other hand, a successful farm out could see a 5x (potentially more), in stock price. If we say a farm out is 50/50, not bad odds?

[mariopeter] 21/5/2021 14:35

My view is no way will they be able to raise a billion currently but if Verbier or other prospects came in then I can see a smaller development working. If it grows after that then hey presto but Hurricane too fresh in minds.

[wessex1815] 21/5/2021 14:11

I suppose it is inevitable that these chat rooms become mud slinging matches between two groups of people with insufficient information and a surplus of opinions. And I'm one of them of course. I thought today I'd try to get off the topic of recoverable reserves.
There is no more information available to any of us today over yesterday, except what the rest of the herd is doing to move the share price, and I am afraid I don't consider that information upon which to base an investment decision. This is a silly time to either buy or sell: there is no point in revisiting a decision unless you have new information. Only people new to the story have anything to decide, and there will be few of them until there is a bit of news to attract them.
This share is a binary punt, let's be honest, you risk all if you go in. Therefore the current share price is simply not interesting if you have already bought. To top up or trim in this scenario is just ill-disciplined. And hence the static share price for a month after the fund raise. People are getting bored now and drifting off (and some who bought at the top are probably vulnerable to panic too). Iunderstand it but I don't sympathise with it: we are only just entering a window of time in which a farm in/out anouncement might be made.
It is a pattern you see often. I don't mind though, as long as you decide you're "in" there is no decision to make if the share price is low. It is much more frustrating if the share price rises in anticipation of an announcement that may never come, then you have to decide whether there is enough potential left to justify holding.
The next piece of new nformation will be either:
1. an anouncement of a farm in or take over, or
2. no news has been announced and the the time frame during which we expected it has closed.
No 2 is the only bit that requires any consideration. So rather than discussing whether JT Southern is or isn't capable of analsing the imperfect information we have, please could we discuss how long a farm in/out decision might take? That way we might actually be able to inform a decision.

[hsfinch] 20/5/2021 15:46

Yep. Urgent call to Malcy required to beg for a puff on the infamous blog. Along the lines of..."Had a chat with CFO of bucket list favourite JOG. Farm out preparations well under way. And interested parties calling already. Expect exciting news in Q4. Recent fall in share price is a great buying opportunity to fill yer boots before share price rockets towards fair value of £10 a share."

[rbonnier] 20/5/2021 10:49

Timberrrrrr!!!

[mariopeter] 20/5/2021 10:05

The story is not dead but going through a bad patch.

[kakapo1] 20/5/2021 09:31

Are there any "Tombstone divers" here? Seems we are falling off a cliff!!

[kakapo1] 19/5/2021 15:01

When stalwart investors here begin to realise and question the viability of a F/O, even Malcy's words are not good enough. The only way out now is a T/O, not sure this ambitious BOD will recommend acceptance.
It is strange the BOD have not announced who the Institutions taking the Placing were, or have I missed it?

[goofedagain3] 19/5/2021 14:49

So what? Do you like to show you're a clever clogs or something?

[hsfinch] 18/5/2021 20:16

Chart looks like 100p is nailed on followed by a bounce to 125p.

[hsfinch] 18/5/2021 20:13

Yep. Betcha Benitez will call Malcy to manoeuvre a puff piece into the infamous blog. That will be clear sell signal.

[rbonnier] 18/5/2021 17:46

Nasty looking sell at 147P looks ominous for the 140S tomorrow.

[rbonnier] 18/5/2021 16:21

Looks like you're going to be spot on here .Going to drop well below a pound by Christmas.

[hsfinch] 18/5/2021 10:47

Should really be in the 140s by the end of the week.

[hsfinch] 13/5/2021 21:39

Nice move down today. Should be down below 100p. But vulnerable to PnD. Still...its moving in the right direction.

[chessman2] 10/5/2021 08:24

I regard today’s RNS as good news. Moving shares from an ordinary account to an ISA indicates the individual involved has high expectations.

The fact he is a board member also indicates he is confident about the future.