Jersey Oil And Gas Share Discussion Threads

[chutes01] 05/6/2024 13:03

Buchan was never going to happen, esp with labour coming in
another n sea stranded asset
toppy here at 40 mio

[aimloser1] 05/6/2024 12:59

Oh dear. This isn’t good

[master rsi] 05/6/2024 09:33

Well overdone on the mark-down, but now are bouncing back fast 125 v 130p at the moment

[catchingmice] 05/6/2024 08:22

It's a long way back from this pointPayroll is concerning until 2027Sooner they sell the better for all holdersI will gladly take 4 Quid per/share right now

[elsa7878] 05/6/2024 07:17

Appalling but predictable.

Ridiculous prior rally based on a poorly judged tip.

[catchingmice] 21/5/2024 07:54

I meant the 52 week low which was only last week

[catchingmice] 21/5/2024 07:52

Nice steady rise from the 52 week 1.43Looking at 1.81 here as the next resistance

[catchingmice] 20/5/2024 10:08

It was 1.45 and now 1.70happy with gradual & sustained rises

[aimloser1] 20/5/2024 08:25

Not even ST review can move the dial for this stock anymore. First oil 2 and a half years away and no catalyst to resuscitate this stock in the interim.
Maybe time to cash out and revisit later

[itsriskythat] 16/5/2024 07:25

Change from the last two days with a buying frenzy from the open. Not a share traded by 8:30.

[dbranz] 15/5/2024 09:50

New article from Offshore Energy
Good to see objective reporting

hxxps://www.offshore-energy.biz/north-sea-oil-project-inching-closer-to-fid-as-feed-work-moves-forward-on-schedule/

[wallywoo] 15/5/2024 08:45

Good volume for the last few days. Share price back on the march. Let's hope this has another good run back over 200p+.

[value hound] 13/5/2024 16:10

Update from Simon Thompson:

Jersey Oil & Gas still has multi-bagger potential

nnual results from North Sea-focused upstream oil and gas company Jersey Oil & Gas (JOG:146.5p) highlight the value being created for shareholders through the double farm-outs of its Greater Buchan Area (GBA) project even if the share price fails to reflect it.

In April 2023, Jersey handed over operatorship of the project to its new partner, NEO Energy, and subsequently divested a further 30 per cent working interest on identical terms with Serica Energy (SQZ). It means Jersey retains a 20 per cent fully carried interest in the redevelopment project to first oil.

Assuming the necessary regulatory approvals are received in the second half of 2024, Jersey will receive a further $20mn (£16mn) from its partners on the approval of the Buchan Field Development Plan. It will boost net cash to £26mn (80p) by the year-end, a sum that represents more than half of the company’s market capitalisation of £48mn. Effectively, the 20 per cent fully carried interest is in the price for £22mn even though underlying annual cash burn has been cut from £4mn to £3mn, so Jersey is well funded until first production in late 2026.

To put the company’s undervaluation into some perspective, the Buchan field is forecast to bring more than 70mn barrels of oil equivalent (boe) into production (95 per cent oil). Based on a Brent Crude price of $70 a barrel, analysts expect peak daily production of 35,000 barrels of oil to generate more than $100mn of annual cash flow net to Jersey.

Political threat of higher oil tax regime over-rated

The chronic undervaluation reflects the current negative sentiment towards the UK oil and gas industry, which is being further undermined by the potential for further fiscal uncertainty. It looks misplaced.

Analyst Daniel Slater at broking house Zeus Capital notes that, assuming Labour forms the next UK government, it will find it very challenging to make UK oil and gas taxes even less favourable than they are currently. Slater believes that Labour is more likely to act to maintain the current tax burden at worst, and more likely to map out a route to reducing it, with clarity on this issue paving the way for increased UK oil and gas capital spending.

Analyst Brendan Long at brokerage WH Ireland points out that the UK government’s fiscal and policy support for the oil and gas sector is likely to be constructive. That’s because in the evolving geopolitical context, encouraging oil and natural gas exports from Iran and Russia (notwithstanding sanctions) while frustrating lower-carbon domestic oil and gas projects, which provide significant tax contributions and generate thousands of high-paying domestic jobs, is untenable. Long also highlights the increased fiscal precarity of the UK and the country’s developing balance of payments challenges.

Depending on the result of the US elections later this year, global energy politics could lead to the next UK government implementing a more logical and coherent energy strategy that is supportive of domestic oil and gas projects. That’s because the US is funding the war in Ukraine against Russia in support of Nato members that are importing Russian oil and natural gas. This is both illogical and untenable, says Long.

True, the negative sentiment towards the UK oil and gas industry has driven Jersey's share price down from 365p when the first farm-out was announced in April 2023 to well below the 205p entry level in my 2019 Bargain Shares portfolio. However, priced on a 76 per cent discount to the average risked net asset values of Zeus (616p), WH Ireland (705p) and Cavendish (534p), bottom fishers should be well rewarded from this deep value play. Buy.

[brianblu] 13/5/2024 13:30

Terrible stock to buy or sell

[elsa7878] 13/5/2024 07:32

The UK oil and gas industry as a whole is currently being frustrated in its efforts to maximise the production of homegrown resources by fiscal uncertainty. Through the work of the industry trade body, Offshore Energies UK, a significant amount of effort is going into engaging with the leaders of all parties to make sure the benefits of domestic energy production are understood and realised.

Good luck with engaging with Comrade Starmer on that...tragic. Should be trading at multiples of the present share price.

[wallywoo] 10/5/2024 10:36

Just bgt a fair few here at 145.8p. Surprised to be able to buy a few so close to the bid price. Must be a large overhang currently, hope the seller is nearly done. Chart showing a ton of support/ resistance at this price point. I hope this is the bottom and that this puppy livens up again. We all know this can move fast when it wakes up again.


Good luck all!!

[elsa7878] 30/4/2024 07:09

If you're still wondering why the share price is forever heading south - see Deltic. Political, economic and ESG insanity.

[aimloser1] 16/4/2024 13:37

If there was an earthquake this price would stubbornly refuse to move. Seriously thinking of cashing my chips. Held for 5 years now I think

[limor] 09/4/2024 09:36

I find it difficult to comprehend people selling at these absurd prices knowing there is a large buyer in the background mopping up this stock. Patience is a virtue for those persons who are prepared to wait, who I believe will be rewarded greatly . Just watch this space !

[catchingmice] 03/4/2024 12:07

Two days of small gains as opposed to Three months of Share price declineSounds about right with this stock

[catchingmice] 28/3/2024 15:53

Take no notice of Twitterit's full of Lemons on there

[blueball] 28/3/2024 15:09

Simon cawkwell tipped this..?

[dvb99] 28/3/2024 14:19

who is the Twitter guru??

[carcosa] 28/3/2024 11:46

"I'm not a member of Research Tree and can't access the research note."
Click on the link on the JOG website to gain free access i.e.

[ashkv] 28/3/2024 11:33

Twitter Guru with more misses than hits - long FXPO, ARCM etc etc pumping JOG / doubling down as no way it gets back to his buy level - therefore pumping prior to dumping :)

Beware new investors - JOG has high risk of being a dead-end / non viable project with Labour set to takeover UK's reigns.

Serica is able to with no further payments back out of the project!!!

With a new CEO at SQZ imminent - it would make sense to diversify outside the UK!!!