Jersey Oil And Gas Share Discussion Threads

[catchingmice] 11/5/2022 11:41

Not ramping by no meansI'm simply saying where i think the price will go nextNow i know who gives me the Tick downs on my postsLMAO

[kakapo1] 11/5/2022 11:23

Come on CM you are a trader, these dips and now ramping suits your strategy well.

Hypocracy comes to mind.

[catchingmice] 11/5/2022 09:49

Should see the 2.70 level surpassed over the next trading day or so now we've taken out the 2.51 target

[catchingmice] 11/5/2022 09:47

Looking good as many pi's have bought in around and above this level.What we have seen over the past 3/4 days is only profit taking as expected...so holding at this range bodes well for further news releases over the coming months.

[kakapo1] 08/5/2022 16:41

redrag, you are a cheeky so and so, sodium chloride or not, suggest you reconsider those inflamatory comments, which are false.
I NEVER take delight as you claim, in Investors losing money, rather highlight the facts there for all to see. Yes the OP is a significant boost to any Oiler. Some are multiplying their values with some shrewd negotiations. So JOG is only catching up. You can agree or not that is your perogative.

[little minx] 08/5/2022 16:20

And lack of tax and credits they have received over the years.

[36redhill] 08/5/2022 15:20

There is considerable pressure for major companies to re- invest their profits in the North Sea either oil or gas. The investmentIs no longer a challenge considering the profits they are making.Just saying.

[little minx] 08/5/2022 13:24

I read somebody wanted to buy at a lower price. I invested recently and the price of oil will only go one way for a while.

[redrag1] 08/5/2022 13:18

Given the shares have doubled this year and you were taking particular delight in the falling share price at that time, I will take your GLA at the end of your missive with a v large pinch of salt. But as other far wiser than me have said this is hugely geared to the oil price. Given that seems set to reach $150 this year I’m not sure I agree with your ‘there are many better opportunities’ comment either.
Apart from that….

[kakapo1] 08/5/2022 11:16

Some issues to consider. Equinor walked Q4 2019 retained the 70% interest in Verbier. Subsequently sold that interest at a minimal consideration, to JOG.
Equinor could have sat on the Verbier interest ( it would have cost nothing to do so, but would have provided leaverage on any future Development in the area) Verbier is contig0us to GBA.
Times have changed since 2019, current OP has more than doubled, infrastructure costs have also shot up ( the BOD have always been reluctant to disclose projected costs. Some believe to now be in excess of $1billion.

The UK Gov are scurrying around to extract more Gas not Oil. The Gas in GBA has largely been extracted by previous Operators.
The Company stated in 2020 drilling was to take place in 2022. Against this can a statement be expected soon?
There has been far too much drag as emphasised by the rapid departure of 2 Directors. Maybe there should have been a clearout of all those Long standing Directors who were associated with the formation of Jersey Oil and Gas? That would have restored confidence.

The are better investment opportunities in the sector.

AIMO. GLA

[nestoframpers] 07/5/2022 21:08

Yes but in 2019 when they turned down the GBA farm in POO was $55 and Tax on Nth sea projects was sky high , all change now.

[kakapo1] 06/5/2022 18:01

CM, I am still here watching events. You will have made big money as a Trader here, these last few weeks. Could comment on many misleading statements here and in the other place. I'll make this comment, Directors buying is fine, however it does signify a deal is not going to announced within the next month.
You and others are convinced of the value in the GBA, I am not,for 2 basic reasons. Equinor walked ( incidentaly they are involved in Rosebank as operator) and the huge development funding to bring whatever oil remains, vast majority of the Gas has already been extracted by BP and Repsol. Also note Equinor operate the Worlds largest floating wind farm off Aberdeen. Would'nt have fitted well with GBA proposals?

An Old addage worth remembering " Sell in May and Go away".

My other Oil investments are doing very well and paying Dividends. Good old Shell.

Good luck to the patient JOG Investors, they have waited a hell of a long time.

[catchingmice] 06/5/2022 13:14

The GBA is a high-quality, development ready UK North Sea resource base of scale and we look forward to concluding the farm-out process and moving into the next phase of activities.  The Company remains well funded as we progress at pace to deliver stakeholder value through securing a successful farm-out to ensure this exciting project can be developed in the most economic and sustainable manner."Jersey are finding themselves in a very strong position indeed, the building of the GBA is proving to have been a very wise decision indeed and now the company is in the enviable situation of assessing 'multiple serious counter parties' with multiple competing development options. The due process and the different options mean that the company are sitting on 100% of a de-risked project with substantial value at current oil prices. It is worth noting that Wood Mackenzie recently pointed out that JOG's project is one of only 3 development ready oil fields in UKCS of over 100mmboe – two of which just sold to Ithaca. (equity in Rosebank and Cambo)With the many options available, given major decisions such as platform, tie-backs or FPSO's, the JOG team is understandably very busy but the process has offered up optionality they probably hadn't expected and the current mood in the industry is one of getting deals done which for the GBA is a perfect asset. Indeed, as a field in the centre of the North Sea with ready to access regional infrastructure it is clearly exhibiting substantial value.JOG shares have appreciated somewhat recently but as readers know I think that when the market fully understands the value in the GBA the shares will move upwards a very long way. 

[catchingmice] 06/5/2022 13:05

Jsouthern i completely forgot about him and yes he came across as if he knew everything about the oil fields when he spent his time working in Aberdeen.I believe they all worked together Scaremongering but none of their talk ever worked.PMSL

[topanddrop] 06/5/2022 10:36

What happened to JSouthern too, Catching Mice? Supposedly an expert in the field…

[catchingmice] 06/5/2022 09:41

?Jersey Oil and Gas Plc (LON:JOG – Get Rating) insider Jason Andrew Benitz acquired 13,284 shares of the firm's stock in a transaction on Thursday, May 5th. The stock was purchased at an average price of GBX 271 ($3.39) per share, for a total transaction of £35,999.64 ($44,971.44).

[tidy 2] 06/5/2022 08:49

Directors dont buy at the top.

[oilretire] 06/5/2022 08:41

Again, why? If an interested party has not submitted an offer/proposal yet then it's entirely appropriate.If there are serious contenders out there they will be keeping that to themselves - wouldn't want to be out manoeuvred by a competitor. It's commercially sensitive info to them until declared. JOG board will not be privvy to whether a concrete proposal is in the making or not.

[nestoframpers] 06/5/2022 08:40

yes I guess they think the writing is on the wall too. JOG is a sitting duck for MOCs.

[stockhunters] 06/5/2022 08:39

follow the money I would say

[tidy 2] 06/5/2022 08:26

This is in price discovery mode from a huge cup n handle and golden cross.

[tidy 2] 06/5/2022 08:12

Yes they are clear to buy now hence BOD buying.

[mesquida] 06/5/2022 08:12

No, I agree with Pro, it really would not be appropriate for them to announce anything in the very short term. But what a vote of confidence to be buying after such a sharp rise.

[oilretire] 06/5/2022 07:58

Why does it mean that? They've already declared they are in discussions with various industry parties. Nothing to stop a favourable farm in proposal being presented to JOG next week.