Share Name Share Symbol Market Type Share ISIN Share Description
Jersey Oil And Gas Plc LSE:JOG London Ordinary Share GB00BYN5YK77 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -1.24% 159.00 300,417 16:35:01
Bid Price Offer Price High Price Low Price Open Price
159.00 163.00 161.00 161.00 161.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.07 -9.46 32
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 UT 1,000 159.00 GBX

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Date Time Title Posts
05/6/202102:52Jersey Oil and Gas - North Sea Oil3,874
04/6/202110:13Jersey Oil and Gas - a new trap ?3,957
10/2/202018:45JOG Mind the Gap. Careful of the paid Ramper44
31/10/201810:16Oil is Dead84

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Jersey Oil And Gas Daily Update: Jersey Oil And Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JOG. The last closing price for Jersey Oil And Gas was 161p.
Jersey Oil And Gas Plc has a 4 week average price of 137.50p and a 12 week average price of 137.50p.
The 1 year high share price is 260.50p while the 1 year low share price is currently 76.50p.
There are currently 19,950,786 shares in issue and the average daily traded volume is 66,805 shares. The market capitalisation of Jersey Oil And Gas Plc is £31,721,749.74.
wessex1815: I suppose it is inevitable that these chat rooms become mud slinging matches between two groups of people with insufficient information and a surplus of opinions. And I'm one of them of course. I thought today I'd try to get off the topic of recoverable reserves. There is no more information available to any of us today over yesterday, except what the rest of the herd is doing to move the share price, and I am afraid I don't consider that information upon which to base an investment decision. This is a silly time to either buy or sell: there is no point in revisiting a decision unless you have new information. Only people new to the story have anything to decide, and there will be few of them until there is a bit of news to attract them. This share is a binary punt, let's be honest, you risk all if you go in. Therefore the current share price is simply not interesting if you have already bought. To top up or trim in this scenario is just ill-disciplined. And hence the static share price for a month after the fund raise. People are getting bored now and drifting off (and some who bought at the top are probably vulnerable to panic too). Iunderstand it but I don't sympathise with it: we are only just entering a window of time in which a farm in/out anouncement might be made. It is a pattern you see often. I don't mind though, as long as you decide you're "in" there is no decision to make if the share price is low. It is much more frustrating if the share price rises in anticipation of an announcement that may never come, then you have to decide whether there is enough potential left to justify holding. The next piece of new nformation will be either: 1. an anouncement of a farm in or take over, or 2. no news has been announced and the the time frame during which we expected it has closed. No 2 is the only bit that requires any consideration. So rather than discussing whether JT Southern is or isn't capable of analsing the imperfect information we have, please could we discuss how long a farm in/out decision might take? That way we might actually be able to inform a decision.
hsfinch: Yep. Urgent call to Malcy required to beg for a puff on the infamous blog. Along the lines of..."Had a chat with CFO of bucket list favourite JOG. Farm out preparations well under way. And interested parties calling already. Expect exciting news in Q4. Recent fall in share price is a great buying opportunity to fill yer boots before share price rockets towards fair value of £10 a share."
thedudie: I thought the comments saying JOG must be drilling below the OWC to get the recovery upto 54% was most telling of the level of competence of the two clowns. The whole argument was based on trying to rubbish the 54%, even drawing the OWC a few 10s of metres from the top of the structure. The original structure was 585m tall Jog say they have 300m of dry oil Jog say they will drill laterals "high" in the structure. Jog say they will have water injection for pressure support rather than weak aquifer. JOG and their advisors know the geology. You could argue with any of those points but the clowns didn't. The original structure was not a uniform column but if it was - taking 29% out the first 285m over the last 36 years implies > 58% would be feasible if you were pumping from right at the top of the structure (which clearly they wont be). Assuming the provisos that JOG are suggesting ie optimal location of wells / horizontals / water inj etc the rate doesn't look too far wrong to me. I wouldn't be surprised if Jog looked at legal options.
highlyunlikely: "The truth" about this field...............blah blah blah................ What truth? The truth according to a clown who doesn't seem to know the first thing about oil, who tells us he's had a phone call from someone he knows who's big in the oil world (why not tell us his name?) who's said there's no way JOG's going to get anywhere close to the recovery levels presently anticipated? Odd that the clown and his mate should have concluded, without having access to any of the relevant data except what JOG has put in the public domain, that they know better than Sclumberger and Vysus, not to mention a whole bunch of qualified and experienced oil professionals engaged by JOG who've spent - along with JOG's own people - 32,000 hours on delivering concept select. Even the bald bloke in the video looked embarrassed. The clown's mate should have told him Talisman ceased to exist (acquired by Repsol years ago); shows how much research he's done before spewing out his cr*p. His mate might also have told him JOG didn't drill the Verbier wells either - Equinor was the operator and determined where the appraisal well should be drilled. Have a look at where JOG has assessed the oil will flow from - this has never changed. As for you, kakapoo, seems to me you could do with attending a course or two about how the world works. You're very noisy for someone who demonstrates so little understanding of business and how to go about it. You describe me as the resident guru and present me as a ramper, which I find offensive, having forgotten more about business and how it and the markets work than you'd be able to understand in another 5 lifetimes. My "ramping" was basically about me preferring the opinions of named experts with unblemished international reputations working with the latest available data and methodology, to those of a clown allegedly advised by an unnamed Mr Big, when it's as plain as a pikestaff the clown knows little or nothing about the subject he's making a fool of himself talking about. It's perhaps time a few on his (inc you JRS) stopped to consider how silly they're making themselves look in their frenzy to rubbish JOG and its efforts. As I said in my post on the other board: "Each individual should form his/her own views - oil is a high risk business and there are no guarantees". It's about assessment of risk and working out if the positives outweigh the negatives. In reaching individual conclusions, my tendency is to discount or ignore altogether the views of those who demonstrate they struggle on the mental front.I also ignore those who make videos that expose their lack of research, knowledge and expertise in the subject their blathering about. DYOR
36redhill: ShareSpending spree to send oil prices soaringReopening of global economy set to lead to a record jump in demand for crude and copperTom ReesTim WallaceOIL and metal prices are poised to surge in coming months as Britain and the US launch a once-in-a-generation infrastructure spending spree and the global economy roars back to life.Market strategists are bracing for the biggest jump in oil demand ever after drivers returned to the roads en masse. Crude is forecast to hit its highest level in three years, ultimately driving prices higher at the pump.Meanwhile president Joe Biden is about to launch a $2 trillion (£1.5 trillion) programme to rebuild America's crumbling roads and bridges, while in the UK Prime Minister Boris Johnson has talked about the need for a recovery led by investment in green energy.Goldman Sachs has predicted a 14pc jump in commodity prices over the next six months, pushing a broad measure of metals and oil up to its highest level in more than six years.The Wall Street bank expects copper to rise by over 10pc to reach more than $11,000 per ton by the first quarter of 2022, while Brent crude, the UK benchmark oil price, is set to hit $80 per barrel – a level not reached since 2018. Goldman expects demand to climb by 5.2m barrels per day over the next six months, 50pc larger than the previous record increase.Metal and oil prices have bounced back sharply from last year's nadir when swathes of factories were shut and millions of drivers stayed home. In America, oil briefly entered negative territory because demand had dropped so low that the country started to run out of storage space.'Metal and oil prices have bounced back sharply'A wave of consumer spending is now being predicted as vaccines bring the crisis to an end. There are fears that the infrastructure splurge could even lead to some shortages, particularly of metals required for clean energy investment and electric vehicles.Jeffrey Currie, head of commodities research at Goldman, said: "It is important to remember that commodity markets are driven by volume, or the level of demand. The magnitude of the coming change in the volume of demand – a change which supply cannot match – must not be understated."He said president Biden's New Deal-style spending on the green agenda will be crucial to pushing up prices, with copper-intensive climate spending at the centre of surging demand.The White House is reportedly planning to generate 80pc of the US's power from renewable sources by 2030.John Meyer, head of research at share price Angel, said the push is sure to drive strong demand for copper and rare earth commodities essential for computing and battery production.He said: "Logistics, disruption, raw materials and Covid-19 working practices are all coming together to fuel inflation." The spending jump is already feeding through to higher inflation. Oil's sharp recovery has pushed petrol prices in the UK up to an average of more than £1.25 and diesel has climbed to almost £1.30 per litre, up from £1.15 and £1.20 respectively at the start of this year and below £1.10 and £1.15 at this point in 2020.British factories are reporting the steepest increase in input prices for four years, according to PMI business surveys run by IHS Markit. Manufacturers in turn are passing on those costs, with price hikes on a scale not experienced for a decade.
pro_s2009: Arden Update 30 April 2021 .......Conclusion: JOG’s GBA project (based on the Buchan oil field, J2 and Verbier oil discoveries alongside a number of exploration prospects) has transformed the company’s asset position. It puts JOG in charge of 162mmboe of gross 2C economic resources, which the companyplans to use as the base for a new hub development in the area (planned to also facilitate tie-back development of any further JOG discoveries, and third-party fields). Progression of this project, with first oil planned for 2025, would make JOG an increasingly significant UK E&P company, likely to draw increasing amounts of investor attention.Going forward, we look for continuation of the important farm out process (on the main GBA development, but also likely including the surrounding exploration assets), which recently commenced and should provide an update during Q3 2021, with FEED from H2 2021 and then FID in H2 2022. There is also the ongoing potential for new production acquisitions as assets continue to change hands in the UK North Sea. This provides plenty of potential for news flow in the coming months, and beyond this a route towards first oil. The recent £16.6m equity raise, adding to the c.£5m end 2020 cash holding, creates a strong funding position for the farm out process and initial FEED work. In our view, the market is yet to fully appreciate JOG’s current asset position, but progression through a successful farm out process and subsequent development work should act as important events in demonstrating the materiality and significance of this over 2021. We have a Buy recommendation and 750p price target.
thedudie: The market shareprice is telling you that it is risked at somewhere around 10%. Ignoring and/or compressing the timescales - if it were definitely happening it would be (pick a number) £15 a share so maybe the share price would be around 1/2 of the company perceived NAV (which I thought was around £30- but could be wrong). It is about 10% of that £15. The market always prices visible risk significantly to the downside so the chances are probably in reality much greater than 10% - I personally suspect the chance of it happening are somewhere around 25%-33%. Risk is always huge until it is not. How many times do company share prices in all types of sectors trend towards 0 before an event triggers a huge company recovery and share price recovery to many multiples of the original. Of course in some cases some companies do indeed go bust ( as a shareprice trending to 0 implies). IMO JOG is worthy of investment BUT only as part of a balanced portfolio of risk. I wouldn't put the house on it. And if it fails it will make limited difference to me.
mariopeter: Thanks for the posts Hihly and JTS. Difference of opinion indeed. I do want holders here to sell their JOG shares for more than they paid but I have alot of respect for JLS and would urge holders to read his posts carefully as there are warnings there which are unbiased as far as I can tell. If the oil industry feels "no way" then JOG have perhaps a bigger mountain to climb than the BODs portray. The City view I think can be summed up : IT will not happen (otherwise the share price would be higher) but FOMO compels us to have exposure (i judge that by the latest fundraise) OR something was disclosed that is not well known. Finely balanced but weighted in favour of "no way". Question is will a part of the story unfold that enables shareholders to exit profitably later. The answer to that is..... Highly probable. Shareholders will do well to not forget the JLS warnings and not sit here like ducks on eggs. Imho.
chessman2: The placing of 9m shares, raising £15m, was oversubscribed and completed very quickly especially considering it was not underwritten. That tells an interesting story and the share price has increased as well. I fully expect the JOG share price to begin with a 2 in the not too distant future. New investors should see hxxps:// The Arden figures are mouth watering and unless recent sellers jump back soon IMO they will be losing out.
pro_s2009: Jersey Oil & Gas JOG announce a significant uplift in the Buchan oil field contingent resource estimates this morning. Dynamic reservoir modelling has recently been completed, using Schlumberger’s proprietary INTERSECT* high resolution reservoir simulator. Such new and comprehensive dynamic models provide a robust forecast for the P50 case for the Buchan oil field, having fully incorporated all available subsurface information and successfully history matched 36 years of production data. This project workstream has now been independently peer reviewed as part of a wider scope reviewing the development concept by Vysus Group, a global engineering and technical consultancy. This is extremely significant, previous numbers, such as at the 2019 CMD CPR were based on decline curve analysis, but now the company has the advantage of dynamic modelling using SLB state of the art reservoir simulators. Subsurface highlights from the work show a genuinely game-changing situation for JOG as it concludes its concept selection report which itself completes all the work done over the last year or so including economic modelling ahead of the all important farm-out still scheduled for Q1 2020 and for submission to the OGA with the aim of commencing FEED in Q3 2021 Dynamic reservoir modelling has determined that the P50 estimate of the technically recoverable resources for the Buchan oil field is 126 million stock tank barrels, representing an increase of over 50% on previous estimates derived from decline curve analysis. The new dynamic model used inputs from the high resolution 2018 PGS 3D seismic survey data, together with the static and dynamic well data and field production history which show that the Buchan sandstone reservoir is a well-connected, dual porosity and permeability system. Buchan oil quality is light sweet crude at 33.5° API and the expected ultimate recovery factor is 54% of original oil in place, with historic field production having recovered 29% of the P50 STOIIP estimate. Planned future production will be achieved using optimally located deviated wells placed high in the structure with water injection. This leaves JOG in a very strong position with regard to development of the GBA project, primarily as a result of this increase, the GBA core volume, including the Buchan oil field and volumes from the J2 and Verbier oil discoveries, is now forecast to have 2C contingent resources of 162 MMstb or 172 million barrels of oil equivalent including associated gas. Preliminary economics for the GBA core development, which includes Buchan, J2 and Verbier are very encouraging – higher volumes serve to reduce unit costs and drive economic efficiencies and are significantly better than previous market expectations. Meanwhile, the Company continues to advance its technical and economic evaluation work in respect of electrifying the GBA in order to make it a low carbon emissions project. Andrew Benitz, CEO of JOG, commented: “I am delighted with the results of dynamic modelling which result in an increase in the estimated contingent resource volumes of light sweet crude in the proven, conventional reservoir at Buchan by over 50%. These compelling results demonstrate the substantial inherent value of the Buchan field and the wider GBA development. “We recognised the potential of Buchan at an early stage and have maintained our strategic focus on this area in the heart of the Central North Sea with the benefit of aggregation of high value assets becoming self-evident. The GBA development project presents a very compelling investment case that we believe will have wide industry appeal. We look forward to formally engaging with industry in due course and attracting the right industry partnership aligned and committed to the GBA’s future success.” Those who have maintained the faith with JOG have been rewarded with a more than doubled share price since the April oil price fall and this news today is more than encouraging. JOG has moved at pace from the days of early exploration into a successful strategic aggregation of assets to build a material area hub development that is now forecast to have 2C contingent resources of 162 MMstb or 172 million barrels of oil equivalent including associated gas for the Buchan oil field, J2 and Verbier oil discoveries, in addition to significant exploration upside all within the GBA. JOG has done a great job in getting to this important stage in the GBA development and with imminent concept select and launch of the Farm-out the next few months are going to be very watchable. Investors can rest assured that this is just the beginning of this particular journey.
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