Jersey Oil And Gas Share Discussion Threads

[highlyunlikely] 26/1/2022 11:52

I see you managed to slip out of your cage again, HSF. The keepers will get annoyed if you keep doing it...... :-)

[hsfinch] 25/1/2022 19:40

Next stop 110s.

[highlyunlikely] 20/1/2022 22:28

try this on the Home page: Tab "Investors" then "Presentations" then "CMD Presentation Oct 19"...........hxxps://www.jerseyoilandgas.com/

[highlyunlikely] 20/1/2022 19:39

apologies - forgot the link: see P8: hxxps://wp-jerseyoilandgas-2020.s3.eu-west-2.amazonaws.com/media/2019/12/CMD-Presentation-8-October-2019-vFINAL.pdf

[highlyunlikely] 20/1/2022 19:18

Anything is possible, gowlane. He might turn out to have been right, but there's more than a dog's chance he'll turn out not to have been. I personally found his stubborn determination to paint everything JOG has sought to achieve in a bad light irresponsible at best, when he hadn't had access to the data many well-respected industry pros had (Schlumberger, Rockflow Resources, Petrofac and others) who reached different conclusions. These also included JOG's own team of seasoned pros, plus any number of hired consultants). I suspect JOG launched the farmout at a time that turned out not to have been ideal in that many big oilcos had slashed budgets in the wake of oil prices in the $20s when Covid struck. So I'm guessing that this, plus sector negativity in the face of constant attack by the buffoons in the "save the planet" brigade, then all the uncertainty and delays caused by COP26, made attracting and doing a deal with a suitable farm-in candidate in a timeframe that many were expecting nigh on impossible. Many things have turned in JOG's favour since then and I'm more optimistic presently than I've been for a long time. To cut to the chase, I'll stick my neck out and say that JOG will announce a farm out before the end of Q1 - maybe to more than one party. Favourites to sign on the line to me would be companies with existing operations in the area - JOG has some mighty powerful neighbours in the likes of Buzzard and Golden Eagle. See P8 of the linked presentation. All just my optimistic views and opinions. Make your own minds up after doing your own research. Risk can never be eliminated - it's the nature of the sector. Put your money in a building society if you want the certainty of at least getting it back. It will never buy you a holiday pad on an island 10 miles from the coast of France, however. GL whatever approach you take to investing in JOG

[gowlane] 20/1/2022 11:53

HU, I always found JTSouthern compelling reading, he was very negative on JOG but seemed to know his stuff, and always gracious enough to share his knowledge when asked for an opinion.

Individual posters do not have to be balanced of course, they should be as bullish or bearish as they see fit, but the range of views provides balance on the board.

And given the absence of any farm-in to date with oil prices having been at elevated levels for some time now, that might tell its own story, no?

Is it not possible that JTS has been correct all along?

Anyway good luck, if you get your farm-in I might have a punt then, and accept the higher prices, but you often have time to get in.

[highlyunlikely] 20/1/2022 01:16

Good steer on ADV, gowlane. Also helpful to hear your views on JTS's "rare balance" in his JOG posts (on which you are not up to date). By "balance" I assume you mean constant negativity. Will you judge his posts to have had "rare balance" in putting people off investing in JOG if a well-structured farm out is announced and the share price re-rates at more than double the present SP? I'm balanced enough to recognise the risks of failing to attract a plausible partner. Seems to me the skill in making money in this sector lies in understanding the risk v reward metrics and not putting all your eggs in one basket. Even if JOG doesn't sign up a partner the oil in Buchan, J2 and Verbier will still be there along with a few good prospects in the same locality. I can't see why, with BC pushing $90pb and a capex/opex extraction cost of $30pb, someone playing a longer game and with adequate resources wouldn't pay a few dollars a barrel for the licences. Correct me if I've misunderstood the situation.

[gowlane] 19/1/2022 21:23

Albo, I am not up to date about JOG, but I would have expected something by now.

A real sh1t show over at ADV, they said that it had an 85% chance of development, lol!

It just shows you that you have to take everything by 'experts' with a pinch of salt.

A great pity that JTS seems to have stopped posting as he provided some rare balance.

[albo] 19/1/2022 11:39

Very badly Gowlane!!!

Any whispers of a farm out here? Or failing that, any action at all???

[gowlane] 19/1/2022 09:43

Well that did not end too well, commiserations to anyone invested

[gowlane] 17/1/2022 20:54

I wonder if JTSouthern is still around?

Good oilmen are scarce, at least those of a sceptical nature, and these are the ones we need to listen to before investing in the Aim casino

If so, can I pique your interest in Advance Energy (ADV), a company that has farmed into a prospect off East Timor?

This was a formerly producing oilfield, discontinued after many years production, it seems because production was dwindling and there was not thought to be much oil left.

But the story is that modern 3d seismic has revealed an oil accumulation in
'the Attic', a sort of dome structure, previously overlooked and they are drilling into it as we speak.

For a good overview, see the recent portfolio matters presentation:



He seems pretty thorough, any thoughts?

Excuse the off topic folks, a bit quiet here these days

[francoismyname] 09/1/2022 18:38

UK urged to impose windfall tax on offshore oil and gas operators



Not great news for a deal

[burtond1] 30/12/2021 06:55

Here @TMSreach we look at 12 Oil and Gas Companies with decent prospects that should be worth following over the next 12 months.Companies covered include:#BLOE #CHAR #ECHO #EDR #IGAS #JOG #LBE #NTOG #PXEN #UJO #WTE #ZPHRhttps://total-market-solutions.com/2021/12/12-oil-and-gas-companies-to-follow-in-2022/

[sigma3333] 28/12/2021 08:51

Has the Buchan electrification ship sailed ?

hxxps://www.offshore-energy.biz/plans-are-in-motion-to-electrify-giant-north-sea-oil-gas-field-with-floating-wind-farm/

or can Buchan daisy chain off of the scheme ?

siggy

[rbonnier] 22/12/2021 08:37

Sub £1 next stop wheres that farm out you were on about Benitz by the end of the year? 2021 the year for shareholders??
🤣🤣🤣🙊8585;🙈

[daler1966] 21/12/2021 17:00

Big buy after hours

[sigma3333] 20/12/2021 16:34

Short term who knows, but long term plenty of upside from current share price

I would not be surprised Les gets an FPSO on lease to restart production from existing wells. Would need a deal with REPSOL to do. Spend the cash on developing Verbier and exploring the upside.

siggy

[hsfinch] 20/12/2021 15:53

Get down...below a quid in the new year for sure.

[sigma3333] 20/12/2021 14:45

hul
just pointing out another hole in the narrative. You can take it or leave it.

My pal also wondered why only the BHP data to 2001 were presented, some 16 years before CoP. They must have more recent pressure data - eg. pressure gathered during PLT in B1 in 2004 (slide 10).

Do you not think it is crucial to get information about the current condition of the reservoir before a FID is made ? I personally hope Les is having discussions to get the data.


siggy

[highlyunlikely] 20/12/2021 11:56

I reckon Les Thomas (who's been with JOG since April) will already have asked those questions, siggy - and he'll probably have given his former Ithaca colleagues his version of the answers. I'd back him to know a bit more than you and your pal about the technical issues you raise, which are clearly intended to cause holders angst. What does it say about you that you seem so keen to worry people you know won't understand what you're suggesting in the immediate run up to Christmas? It begs the question: why do you and a few others spend so much time doing JOG down, when you aren't holding any shares? Don't tell me - it's out of love for your fellow man.
Here's the low-down on Les Thomas. How about you provide a summeary of your CV so we know where you fit in comparatively?
hxxps://www.jerseyoilandgas.com/about-us/board-of-directors/

[sigma3333] 20/12/2021 10:45

The first question they will be asking is are the bottom hole pressures in the plot actual bottom hole pressure measurements ? A petroleum engineering pal tells me that permanent downhole gauges were not installed in wells until the 1990's and generally didn't work for longer than six months until the 2000's. He looked at the plot and laughed, if they were actual bottom hole pressure measurements then a rig/light intervention vessel would need to have been on all the wells at the same time performing pressure surveys. He thinks they are actually wellhead pressures extrapolated to reservoir depth. He said they could easily be 500 to 1000 psi off. Could explain why OGA production data suggest there is free gas in the reservoir whereas the plot says the field is way above bubble point. Important to get current updated pressures from WELLSAFE ops next year.

Slide 11
hxxps://wp-jerseyoilandgas-2020.s3.eu-west-2.amazonaws.com/media/2020/10/15070259/Buchan-Technical-Presentation-vFinal-1.pdf

All imho, could be wrong, dyor, etc...

Merry Christmas

siggy

[rbonnier] 14/12/2021 12:09

Yep spot on hsfinch meanwhile the share price continues to collapse at 138 bid now .

[hsfinch] 14/12/2021 10:52

Simple. They ain't got any other options so they'll give this lot a go. They'll pay themselves handsome until your money's gone. And then they'll ask for more.

[stomford] 07/12/2021 15:24

Why would the best executives from North Sea join JOG of they didn't believe opportunity is significant?