Jersey Oil And Gas Share Discussion Threads

[pro_s2009] 31/8/2018 05:21

Oil up at 78$ a barrel, on a rise at the moment, should bring a wave of rising prices for most oil stocks.



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[pro_s2009] 30/8/2018 04:21

Smart_Investor, lots going on with other junior oil stocks at the moment, so the money of many is elsewhere, but it will return prior to the appraisal well for sure.

Now is the optimum time to buy more JOG imo.

[smart_investor] 29/8/2018 13:19

Placing done months ago at 200p.

Some big hitters on the shareholder list.

I am waiting for the summer lull to end, expecting a lot of exciting action in the next three months here.

I predict 325p by spud late in the year.

[pro_s2009] 29/8/2018 11:14

Yes chessman, I will keep adding from time to time up to 200p and just let the price hopefully slip back and then add some more and so on.

[chessman2] 28/8/2018 12:09

Hmm, I bought quite a few at 8.02 and pushed the price up but assume the MM has more than covered himself as the price has since fallen back.

Nevertheless any buy under 200p has to be good and in a few or so weeks that price should be history. I'm optimistic this will be another Xmas surprise for me.

[evil_doctor_facilier] 28/8/2018 08:08

Should see a steady rise in the 4th quarter.
It matters not of drilling is delayed by a few weeks, Equity was raised the last year at 120p -12 months away from drilling!!!!

[pro_s2009] 28/8/2018 03:47

Ride Dalce, one would not expect any major change to plans, Verbier needs to be appraised. There is a lot of value there to be had.

Present range is 25m to 125m barrels.

That in itself has a massive effect on JOG with a corresponding share price of 300p for 25m to 1500p for 125m.

The effect of seeing the 3D might lead them to optimize the location slightly of the appraisal well to get the very best result from the Verbier appraisal.

Moving forward then the 3D and what they find will have a bearing on the next steps and further exploration of the block, but short term it should only optimize the appraisal well location and also, with drilling results, upgrade (one hopes) the amount of oil deemed recoverable from Verbier.

[chessman2] 27/8/2018 13:48

hd, thanks now found the new thread!

I'm becoming quite excited about JOG and only hope I'll be able to buy a few in the morning.

In fact the excitement is similar to that at HUR. It reminds me of Christmas many years ago; one nice present already opened and in the bedroom, with another one to collect from under the tree.

It could be that most oilies open higher tomorrow.

[ride daice] 27/8/2018 12:16

What if happens if the 3D reveals something more interesting than Verbier ?

[pro_s2009] 27/8/2018 11:57

As the West Phoenix is still sat at Guillimot



And now it has to sail to Ragnfrid North, drill the Wildcat there and move to the UKCS for the 3 drills there its got to be about December for the arrival into the UKCS, and will they drill Pip and/or Bigfoot before Verbier ?

Which means that peoples suspicions that they may drill after the 3D results are interpreted seem quite logical now.

[s1zematters] 27/8/2018 11:19

right so there's a few more on the thread than on the days of me and a couple of others but still not busy yet. Those days will come. We have attracted a really bad criminal ramper, the likes we do not need and does not help. Many normal minded punters will see Pro2009 and run a mile believing it a scam ramp like he does all over advn!

Just to illustrate how undervalued this is, MATD is valued at £57 million with no oil no discovery and a wildcat drilling plan and jog stands at £38 million with the largest north sea find of 2017 and Statoil (Equinor ASA) as a partner!

Verbier Mid reserve estimates of 77.5 million barrels of oil, which results in a 588p valuation according to WH Ireland

£25 MILL sat in cash and no debt makes the market cap here ridiculously cheap, add-in Cortina prospect and Meribel, Broker WH Ireland values cortina at 141p per share alone.
No sneaky equity funding worries coming before an appraisal of Verbier!
Statoil state minimum 25 million recoverable barrels of oil!
Add in a huge tax loss to use against future production profits and a funded framework and partial development agreement for Verbier already in place and you can see this is the best value fully funded oil play I have ever experienced!
Is there a better oil play at this time, size thinks not and still holds.

As per my posts at 180p, this should steadily climb to near £3-£4, pre-drilling/ appraisal .£80 million mc)

[jimarilo] 27/8/2018 09:11

As it is not a trading day

GBP is looking like another JOG, fair bit of interest last week and up 38.5% on the ASX over the last two days

Around £5m m/cap with near £4m cash and looking like they are in the final stages of a deal regarding their 85% interest in 3.66bln barrel prospect in Namibia

Stellar Energy Advisors have dropped the GBP advert from their website two days ago which indicates no further interest required

DYOR

[jimarilo] 27/8/2018 09:09

As it is not a trading day

GBP is looking like another JOG, fair bit of interest last week and up 38.5% on the ASX over the last two days

Around £5m m/cap with near £4m cash and looking like they are in the final stages of a deal regarding their 85% interest in 3.66bln barrel prospect in Namibia

Stellar Energy Advisors have dropped the GBP advert from their website two days ago which indicates no further interest required

DYOR

[pro_s2009] 27/8/2018 08:28

So rogerlin thats the Ragnfrid North well south of the Krstin field.

After which the 3 UKCS wells happen with West Phoenix:


Ragnfrid North, PL199: Statoil 52%, Petoro 27%, ExxonMobil 15%, Total 6%
Verbier, P2170: Statoil 70%, Jersey Oil and Gas 18% and CIECO V&C (UK) Limited 12%
Bigfoot, P2314: Statoil 50%, BP Exploration Operating Company 50%
Pip, P2318: Statoil 50%, BP Exploration Operating Company 50%




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[rogerlin] 27/8/2018 08:14

Likely this next I think, they tend to post up the permit a few days before spud.

[pro_s2009] 27/8/2018 08:02

This weeks key events for those watching oil prices.

Most people are now seeing the next shock to be oil prices on the high side, not the low side.


Monday: OPEC+ Joint Technical Committee scheduled to review the implementation of oil-production cuts, which have been historically high over previous reviews

Monday: ONS, or Offshore Northern Seas. The conference begins inStavanger, Norway, that will include CEOs from Total and Equinor as well as IEA Executive Director, Fatih Birol

Tuesday 16:30 ET: API issues weekly U.S. oil inventory report

Wednesday 10:30 ET: EIA publishes weekly US Oil Inventory Report

Friday: EIA Monthly Crude Oil and Natural Gas Production report

Friday 13:00 ET: Baker-Hughes Rig Count

Friday 15:30 ET: Release of the CFTC weekly commitments of traders report on U.S. futures, options contracts