Jersey Oil And Gas Share Discussion Threads

[rbonnier] 25/11/2022 11:11

An announcement has been expected in a matter of weeks for the last 2 years .When are people going to wake up here and smell the coffee .Equinor did and they walked away and they had access to the data what does that tell you !
Just waiting for this to crash who abandoned the GBA years ago and left just a rusty rig ? Says it all !

[chessman2] 25/11/2022 09:33

I don’t believe funding will be a problem as I expect an announcement in a matter of weeks.

[donald trumpton] 25/11/2022 08:44

Funding, going forward, is an issue. Some reassurance on earnings is needed to confirm this opportunity.

[donald trumpton] 24/11/2022 12:46

Back to the July lows then. Annoying perhaps, but also an opportunity.

[donald trumpton] 22/11/2022 09:38

Adding into the drop. Oil's not over yet.

[kakapo1] 20/11/2022 18:51

Avoid or not the can is in perpetual motion, is being kicked down the road. Meanwhile the execs continue to draw exorbitant salaries which is burning the cash pile at a rate of knots. Just wait for some blinded investor to chip in and say PATIENCE. How many times have we heard the same old nonsense?
Hope it does come good for the disciples. Just keep praying...

[donald trumpton] 19/11/2022 01:35

Avoid it then, we don't mind. Bye.

[bones698] 18/11/2022 13:43

Just watching and waiting for this to tank . I'm betting no far out deal will materalise or if it does will allow the party to pull out . Once the risks and cost of financing are taken j to account I suspect many will review their offers if not withdraw . Many years away from anything material happening and production . One to avoid for me always has been

[carcosa] 17/11/2022 15:11

Revised Windfall Tax increased from 25% to 35% and extended from 4 years to 6 years makes this company a more compelling investment.

"Those investing in regular oil and gas projects can get £91.40 return – but “a company spending £100 on upstream decarbonisation will now be able to deduct £109.25p when calculating its levy profits”

[donald trumpton] 17/11/2022 12:13

Well I'm piling in today. Look at everything, including the charts!

[ashkv] 08/11/2022 10:34

Interesting prospect - JOG based on my initial review / due diligence / analyst reports etc

However, as any UK Energy firm - dead money / no point in investing prior to 17 Nov.. Talk in latest FT article that the Windfall Tax Incentive to encourage UK investment might be tinkered with... in which case JOG would be hugely impacted....

[invest ted] 06/11/2022 19:06

hTTps://www.google.com/amp/s/www.independent.co.uk/climate-change/cop27-climate-oil-gas-kerry-b2218302.html%3famp

[x54v] 04/11/2022 09:12

With the drift back in price, the potential upside on a successful farm out has increased. There will be an almighty chase for shares at a much higher price when a positive RNS hits the wires.

"it doesn’t take a genius to work out that a successful farm-out to a well-funded counterparty could create substantial value for the company’s shareholders. In fact, analysts’ target prices – Arden (700p), WH Ireland (722p) and finnCap (572p) – could be erring on the low-side in the event of a major liquidity event materialising." - Simon Thompson

"I think the upside is so substantial that when a deal is signed a very high asset value will start to become clear. My optimism on JOG and its management has remained steadfast since the start and the reason why I am so excited now that GBA’s time is imminent." - Malcy

[nestoframpers] 03/11/2022 19:28

yes we are poised for stellar news , well the chart is . GLA

[boystown] 28/10/2022 08:34

"This technical work is expected to conclude in October 2022. Whilst there can be no certainty of a successful conclusion, constructive commercial discussions are also now well underway.

I guess any day now we'll know one of the following:

- The technicals weren't good and we're disappointed etc.
- The technicals were good and there's lots of interest etc.
- We have (a) farm-out agreement(s)

[cf456] 26/10/2022 13:27

All looking good from a chart perspective. A continued strong uptrend with prior resistance turning to support.

[nestoframpers] 26/10/2022 13:21

I think revisiting under 275p is unlikely as that looks like support now .

[x54v] 26/10/2022 13:03

Seeing some traction today. One day soon the farm-out RNS will drop and the price will leap higher.

As Simon Thompson states:

"..analysts’ target prices – Arden (700p), WH Ireland (722p) and finnCap (572p) – could be erring on the low-side in the event of a major liquidity event materialising."

That's a lot of potential short-term upside.

[x54v] 25/10/2022 10:44

Nearly the end of October now and technical due diligence of interested parties complete. Getting closer and closer to potentially transformational news and a significant boost to the share price.

One of the rare opportunities of strong short term upside in the current market.

People were happy to chase up to 350p a few weeks back. The price could go very much higher than that on a successful farm out.

---

"The majority of interested parties are expected to complete their technical due diligence in October 2022, so shareholders shouldn’t have long to wait to discover if a company transformational deal can be done."

"could easily double or treble if Jersey hits the big time with its farm-out discussions. Buy."



"I think the upside is so substantial that when a deal is signed a very high asset value will start to become clear. My optimism on JOG and its management has remained steadfast since the start and the reason why I am so excited now that GBA’s time is imminent."

[x54v] 20/10/2022 10:28

News soon hopefully chessman2.

Good that the directors have skin in the game and are aligned with investors.

Andrew Benitz in particular with a chunky 702,176 shares. That's a £2 million exposure at the price. With such a large personal holding, he will be doing everything possible to ensure a good farm-out price.

[chessman2] 20/10/2022 10:02

x54v, thanks for the reminder that the directors were buying at this level.

As Simon Thompson of investors chronicle says JOG has upside potential. IMO Ithaca Energy must be one of the strong contenders to take an interest here.

Not too long to wait either!

[cf456] 20/10/2022 09:58

Yes news could land any day. Not many opportunities in the current market for an instant double or treble. Very pleasing to be a holder when that happens.

[x54v] 20/10/2022 09:32

The directors were keen to load up around current levels in May:



Very much closer to that potentially transformational farm-out RNS now.

[x54v] 20/10/2022 09:31

Strong near-term upside potential from here.

"it doesn’t take a genius to work out that a successful farm-out to a well-funded counterparty could create substantial value for the company’s shareholders"

"shareholders shouldn’t have long to wait to discover if a company transformational deal can be done."

"could easily double or treble if Jersey hits the big time with its farm-out discussions. Buy."

[pcok] 19/10/2022 11:21

SP currently doing a passable impression of a falling knife. I still see the case for more N Sea development from a strategic energy security standpoint and the DeTrussed agenda would most likely impact fraccing. Thoughts anyone?