Jersey Oil And Gas Share Discussion Threads

[ride daice] 06/7/2018 13:27

Are you having a laugh ? Over 50% of the shares are owned by II's not to mention the directors and employees holdings.

[ssrover] 06/7/2018 13:18

many will lose their shirt here.. Bear market in other oilers - despite high brent - coincides with latest bubble (look at charts). New investors fuel rises on AIM. Bloodbath on a 50m+ MCAP oiler will kill liquidity when they pull their ISAs minus 50%+ of their balance.

[trulyscrumptious] 05/7/2018 10:51

There are a few stocks where things are beginning to happen, HUR, MATD, BPC etc so it could be impatience is taking a hold. This is great for me as I had planned to sell a few others and buy more here and now it seems I will get even more lower than the fundraise. Sell away please!

[homebrewruss] 05/7/2018 10:24

A few sells taking the price down.
are we a victim of people jumping over to HUR for a bit?

Seems a good time to be adding ahead of the drill..

[tewkesbury] 05/7/2018 08:49

Petro Matad (MATD)

Six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)
- Spud Sep 2018, complete Nov 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud 1st well Q4 2018, immediately followed by 2nd well.

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud H1 2019.

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.

(Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

[hiddendepths] 04/7/2018 17:01

Tumbleweed here.

[ssrover] 29/6/2018 11:07

All the action at UKOG folks. David Lenigas bought £500K worth yesterday (I'm sure he's privy to info). UKOG went from 1p-11p last year.

UKOG last time went into double-digits and that was on a drill. This is flow rates for 'the one'

[hiddendepths] 28/6/2018 08:30

Well, there's some news. But the results of the seismic won't be available for 9 months! At least drilling remains on track for end September/early October. Only three months away.

[marvelman] 26/6/2018 12:17

Yes HD..lack of news though does have the unfortunate side effect of loosing the less patient investors and hence the drift in share price ..but who would want to be out of this right now.

[hiddendepths] 25/6/2018 11:12

It's oh so quiet....

Completely overlooked, which seems strange to me.

Maybe time to top up? Hmm....

[hiddendepths] 21/6/2018 14:07

Thanks rogerlin. They need an acquisition of producing assets in order to be tax-efficient, of course.

[rogerlin] 21/6/2018 08:25

This a few weeks ago but I don't think has been posted before.

[hiddendepths] 17/6/2018 20:15

Good find, cyan. And has anything negative happened since November? Absolutely not!

[cyan] 16/6/2018 18:48

timw3 could be the ultra buffoon and multi-avatar Chrisoil.

Posts like him

Funny; timw3 or should I say chris? was keen on JOG once;

timw3 - 15 Nov 2017 - 14:08:55 - 1603 of 2129 Jersey Oil and Gas - a new trap ? - JOG

took 10k more today. near 95k now

[robo175] 16/6/2018 17:25

timw3 your not an onvestor so please go deramp somewhere else.

[timw3] 15/6/2018 23:18

share price will drift over the long summer period with NO newsflow expected till at least October.

Where are the clowns that knocked me when i said spud will take place in october?

hahahah goes to show how much you know !!

[hiddendepths] 15/6/2018 21:05

From malcy's blog today: -

Speaking at the Oil Capital Conference yesterday CEO Andrew Benitz confirmed that the rig which will be used to drill the Verbier appraisal is on the high seas and with other commitments is likely to be on site there at the end of the third quarter or beginning of the fourth, subject to other timings. JOG looks in an incredibly strong position at the moment and with both drilling and seismic operations scheduled has significant upside.

Maybe end September early October is not the summer but it's a minor slippage in the overall scheme of things, totally out of the company's control, and normal enough in this game. I can hardly wait for this well. I wonder what the share price will be when it spuds!

[tromso1] 11/6/2018 11:15

These repair delays that are inevitable and have occurred on every rig maintenance in the past 10 years eh.

That tactic failed so he quietly sweeps it under the carpet and moves on to his next feeble attempt at deramping....

---

timw3 - 24 May 2018 - 09:36:37 - 2095 of 2124 Jersey Oil and Gas - a new trap ? - JOG
FACT is the rig is being repaired. Delays are inevitable..

I have never seen a a rig under maintenance on schedule in 10 years of oil and gas investment

[rogerlin] 11/6/2018 08:38

Perhaps with all this training they might be a bit quicker?

[timw3] 10/6/2018 23:01

hahaha i told you clowns that Verbier won't be drilled till october at the earliest. And i was right!!

More
#JOG: Looks like Verbier will spud in October . StatOil (Equinor) will first spud Ragnfrid Nord exploration well in early june and will take 81 days.
#Verbier likely in OCTOBER then!!!!

[snake] 08/6/2018 11:35

With the greatest respect to Mr. Oil. Clearly, the drilling was always planned to be in September?
Ragnfrid North was also specifically planned to drill first!!!! There is no delay that I am aware of?

This from the announcement of the rig hire back in APRIL 2018

Norwegian oil company Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

The contract is awarded to the two Seadrill companies, North Atlantic Drilling UK Ltd. and North Atlantic Norway Ltd.

Statoil said on Thursday that the semi-submersible rig West Phoenix will first drill an exploration well for the Ragnfrid North license on the Norwegian Continental Shelf (NCS), followed by three wells on the UK Continental Shelf (UKCS). The rig has been approved by authorities for use both on the NCS and UKCS.


This from JOG's own presentation.

On the 1st March 2018 JOG announced that Statoil had awarded contracts to Seadrill North Atlantic Drilling UK Ltd. and North Atlantic Norway Ltd. for the semi-submersible rig, West Phoenix, to drill a well on the Norwegian Continental Shelf followed by three wells on the UKCS. The West Phoenix rig will drill the Verbier appraisal well, with the possibility for a sidetrack well, as the first of Statoil’s planned UKCS wells, in the summer of 2018. The purpose of the planned appraisal well being to determine the potential volume range in the discovery.