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JOG Jersey Oil And Gas Plc

162.00
12.50 (8.36%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jersey Oil And Gas Plc LSE:JOG London Ordinary Share GB00BYN5YK77 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.50 8.36% 162.00 161.00 163.00 166.50 150.50 150.50 337,346 16:08:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -3.11M -0.0954 -16.98 52.74M
Jersey Oil And Gas Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker JOG. The last closing price for Jersey Oil And Gas was 149.50p. Over the last year, Jersey Oil And Gas shares have traded in a share price range of 146.00p to 355.00p.

Jersey Oil And Gas currently has 32,554,293 shares in issue. The market capitalisation of Jersey Oil And Gas is £52.74 million. Jersey Oil And Gas has a price to earnings ratio (PE ratio) of -16.98.

Jersey Oil And Gas Share Discussion Threads

Showing 7951 to 7971 of 9525 messages
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DateSubjectAuthorDiscuss
19/8/2021
16:40
Private equity ain't gonna let JOG management develop an oilfield!
hsfinch
19/8/2021
16:02
Don't suppose the directors are deliberately trying to keep the share price low here so they can do an MBO around 175P by any chance are they so they can make themselves millions at shareholders expense !The fund raising leak at 165P when the share price was 240 that's convenient to crash the share price .Then the rns yesterday another attempt to squash the share price further .This is all looking highly suspicious what next an attempt at an mbo on the grounds no ones interested in a farm or buy out so take our measly offer or get nothing !!
Funds could easily be raised through private equity .

venomousviper
19/8/2021
10:00
Highlyunlikely
Thank you for your informative and helpful post.
I have had the share certificates in the bottom draw for years and have to make a decision weather to keep or sell (at a significant loss)
Best wishes
David

david2013
19/8/2021
06:50
Just wait until the eco nutters hear about GBA. It was decommissioned and now profiteering polluters are are bring it back to life blah blah blah. Speed is key in the transition and its taken JOG clowns 2 years to do a few studies. Only hope is buy-out by cash rich non-major not worried about the eco flack. Harbour? Cairn? And theyll want a good deal back costs only plus a carry to first oil paid back out of production.
hsfinch
18/8/2021
17:47
Hi David2013

There was a 1 for 100 consolidation when JOG (effectively) reversed into TRAP in Aug 2015. No further consolidations or splits since.

The way the deal was structured was that TRAP holders and JOG holders had an equal number of shares in the new set-up and that new shares would be issued to subscribers to an initial placing at 22p that raised about £800k. TRAP's share price on the date of the deal was 0.22p so the placing was on the money (0.22p x 100 = 22p.)

The eventual total shares in issue were owned by:
Former TRAP holders 26.7%
JOG's owners: 26.7%
Subscribers to the placing: 46.6%.

TRAP's shares in issue before the deal totaled about 225m so the new shares in issue from day 1 numbered 8.43m. There have been a few more placings and offers since and today the shares in issue number 30,920,136. A total of 2,781,689 Options are outstanding, which represent approximately 9.0 per cent. of the Company's issued shares.

Hope this helps you work out that you - like a number of us - lost a packet on TRAP.
I was 95% down on my original TRAP holding when JOG rode in. I bought like fury (to the extent of c.13x my new JOG entitlement) into the new team (I liked the cut of the new boys' jib) at prices between 22p (Aug 2015) down to 8.79p (early Feb 2016) then back up to about 35p by the time Equinor farmed into Licence P2170 (Verbier) (c. May/June 2016?)

It's amazing how many people refuse to believe there's any commercial oil in Buchan & J2. More than 80mmboe were confirmed as still to extract and correctly described as 'reserves' in CPRs prepared for the previous licence holders, Repsol Sinopec when the field was shut in on safety grounds in May 2017, by which time Buchan was flowing around 5kboepd under natural depletion, with aquifer support up to the cessation of production (as above: May 2017). You'd have to ask RS why they decided to relinquish the licence rather than remove the offending infrastructure and install a new platform plus whatever else was needed to meet the OGA's criteria. The two companies were at loggerheads at the time and suing each other for billions on some other matter(or matters) - don't ask me. The rig was decommissioned and the site left safe. Their loss was JOG's gain.

Bring it on. There are no certainties in life (except death and taxes). JOG's a bit better than an outright punt in my book. The people involved are out of the top drawer, although this is no guarantee of success. If they do manage to farm out the GBA licences on half-decent terms, the shares should fly. If not? It wouldn't necessarily be terminal, but it would take some smart moves and a following wind to effect some kind of recovery.

GL if you're still a holder

highlyunlikely
18/8/2021
13:22
Hi
I was a holder of Trap Oil which became Jersey Oil. I have some share certificates for Trap and I am trying to calculate my loss over the years.
Could a smarter investor than me point me to any Share Consolidation that has occurred over the years.
Best wishes
David

david2013
18/8/2021
09:42
Still moving on very small volumes so it seems unlikely to be a large holder offloading. This is rattled people selling and no-one buying, and that is what happems with retail stocks where nobody know what is going on for a long time.

However, it seems like a strange time to sell given that an announcment of any deal is likely to come after the summer (not during it). Anyone who has tried to put a deal together in August can relate to that). So if you have held for a while (presumably on a lose all or win all basis) then it would seem a bit ill disciplined to sell now. I guess that is retail stocks though.

Still no info to base a decision on.

wessex1815
18/8/2021
09:06
If only I had the time to dig out my old post regarding Glenn being highly compartmentalised and sub commercial and it being very strange that jog had decided to license it and put it proudly on their website as if it had some sort of intrinsic value. Ah but it was all part of the GbA right great acreage blah blah blah. The show goes on..
jtsouthern146
16/8/2021
11:57
It's because there is a big seller selling down their holding don't know who as there has been no TR1 probably one of the placee caught with their pants down
rbonnier
16/8/2021
09:19
This downtrend is persistent!

Still watching for an entry point but wallet firmly shut while this goes on!

hiddendepths
03/8/2021
13:15
Seller has gone back up to 160 Buy Buy Buy !
rbonnier
02/8/2021
16:05
First oil likely 2025 if they're lucky. That's a long wait for cashflow. And no farm-out yet. Hardly surprising there was a bit of selling and once it started to slip others followed suit. Not invested here at present but am distinctly more interested as the price falls.
hiddendepths
02/8/2021
14:56
Come on Malcy...open a bottle, sit down at your kitchen table and pen a mega-puff. You know...reserves upgrade, top management team making all the right moves, slow and steady progress, ten to twenty bagger at the current price, deserving its place in the bucket list and on and on with nice quote from the ceo to embellish the fairy story.
hsfinch
02/8/2021
11:26
At some point this will go nuts it's only a matter of time because when this moves it moves2 Quid 4 Quid 6 Quid per/shareHang on and take no notice of the plebs on hereTHE MICE
catchingmice
30/7/2021
17:52
Very well offered at the close sell 2k at 130.00 Buy 100K at 130.9P
LOL yet another institutional holding is running for the hills at a huge loss who is it now ?JOG loses the support of its major funds faster than a prostitute loses her knickers an absolute pig in a poke !

rbonnier
30/7/2021
17:04
More unbelievable nonsense being spouted on other thread.

“GBA is surrounded by two major Chinese parastatals, Sinopec and CNOOC. For them $1billion is chicken feed and there is huge attraction given they are already there, know the territory and the risks. i have mentioned this to Andrew and he grinned. say no more. chins up one and all!”

Seriously clutching onto tag line that sounds good if you’re just clueless (ie other big players nearby so must be good acreage and maybe they’ll like it as a result). CNOOc have golden eagle it’s completely different geology upper Jurassic lower Cretaceous and a good quality field that can be put under water injection confidently not deep broken up fractured Horst. Why on earth does the fact cnooc are adjacent mean they would have any interest in buchan!? Clearly if they had any interest they’d have picked it up years ago. And RS were the ones who walked right off and didn’t even bother trying to sell or redevelop it.

jtsouthern146
30/7/2021
12:56
When RBonnier sells the market listens .Now watch this tank to 118 and then collapse sub £1.Sorry guys on the other thread you've backed the wrong horse and are in trouble!
rbonnier
30/7/2021
08:46
Down it goes ! Man the Lifeboats !!
rbonnier
30/7/2021
07:04
Oh come in it’s the oldest trick in the book. There’s many many potential non execs out there with fantastic cvs of course you can find one or two guns for hire it’s a statistical certainty. let’s see how long they hang around. Just make sure you have a clear cutoff when they get to supposed FID mid next year of suddenly it’s another year away will you continue bending the story to fit your flawed narrative.. gobble gobble gobble
jtsouthern146
30/7/2021
02:50
........care to tell us exactly how you're shorting this turkey, rbonnier? Who's taking your short bets? Or are you a big fish borrowing the stock directly (who from??) and dumping it in the market? Where's the evidence? A few thousand shares a day traded in small parcels? The spread betting firms wouldn't take short bets the last time I checked, citing an inability to borrow stock to hedge their own positions. I suspect you're telling us porkies rb. On a different note, calm down JTS, you'll give yourself apoplexy :-) I seem to have inadvertently trodden on a few corns. What a hoot. I thought I might be wasting my time explaining things to the catman but what a result, eh? Luckily I used words that were quite short - even the mentally-challenged nay-sayers on here appear to have been able to understand............
highlyunlikely
29/7/2021
21:50
lol nothing wrong with the odd rant. Give me a few years and I’ll be on the meds I’m sure.
jtsouthern146
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