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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
  -4.50 -1.71% 259.00 78,488 10:44:22
Bid Price Offer Price High Price Low Price Open Price
258.00 260.00 260.50 252.50 260.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -4.23 -14.48 84
Last Trade Time Trade Type Trade Size Trade Price Currency
15:02:18 O 17,062 258.04 GBX

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Jersey Oil And Gas (JOG) Discussions and Chat

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Date Time Title Posts
17/5/202214:00Jersey Oil and Gas - a new trap ?4,416
16/5/202212:22Jersey Oil and Gas - North Sea Oil3,972
30/10/202116:59Don't Lose Your Jersey-
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 (JOG) Top Chat Posts

DateSubject
19/5/2022
09:20
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 263.50p.
Jersey Oil And Gas Plc has a 4 week average price of 166.25p and a 12 week average price of 136.50p.
The 1 year high share price is 293.50p while the 1 year low share price is currently 106p.
There are currently 32,554,293 shares in issue and the average daily traded volume is 134,545 shares. The market capitalisation of Jersey Oil And Gas Plc is £84,315,618.87.
28/4/2022
18:12
mirabeau: Bargain Shares: Primed to hit pay dirt A UK North Sea-focused upstream oil and gas company is closing in on a transformational farm-out deal that could put a rocket under its share price. April 28, 2022 By Simon Thompson • Strong interest from farm-out partners in developing the Greater Buchan Area project • Net cash of £13mn provides financial strength during negotiations • Risked NAV estimates more than three times current share price Jersey Oil & Gas (JOG:195p), a UK North Sea-focused upstream oil and gas company is closing in on a farm-out of its 100 per cent owned Greater Buchan Area (GBA) project, which holds 172mn barrels of oil equivalent (boe) of discovered P50 recoverable resources (net to Jersey) including 126m boe attributable to Buchan. A further 168m boe of prospective resources have been identified close to Buchan, too. Chief executive Andrew Benitz notes “strong interest in developing the GBA project and we are actively engaged with multiple counterparties of scale, with ongoing due diligence involving two-way collaborative workstreams.” Work is progressing to assess various development concepts that can facilitate the farm-out, including using.......... https://www.investorschronicle.co.uk/ideas/2022/04/28/bargain-shares-primed-to-hit-pay-dirt/
11/4/2022
13:16
36redhill: cont'd This is all helpful for JOG, both in terms of time achieving first oil from the GBA, but also in terms of the company’s ongoing farm out process, where we would expect potential partners to be further encouraged by the new government strategy, promises of regulatory support and, potentially, focus on electrification, alongside the persistently high oil price. The farm out process continues, and we await further updates here. Separately, we also note the recently announced acquisition of Siccar Point by Ithaca Energy. Siccar Point’s portfolio includes the producing Schiehallion and Mariner fields, but also the significant Rosebank and Cambo development projects, for a total of 54mmboe of net 2P reserves and 470mmboe of net 2C resources. The US$1.46m total acquisition price (including US$360m of contingent payments) plus US$391m end 2021 net debt implies a strong US$34/boe of 2P and then US$3.5/boe of 2P+2C. From the point of view of JOG, it’s positive to see significant cash being deployed in an acquisition with a material development resource element. No change to forecasts or valuation. Conclusion: JOG’s GBA development project (based on the Buchan oil field and J2 and Verbier oil discoveries, alongside a number of exploration prospects) represents a significant UK North Sea asset position. It puts JOG in charge of 162mmboe of estimated gross 2C economic resources, based on the company’s standalone platform development concept, implementation of which could see the GBA as the base for a new hub development in the area (potentially also facilitating tie-back development of any further JOG discoveries, and third-party fields). Other development options, including tie-back to another regional platform or existing floating infrastructure, are also being explored. Progression of the GBA development project 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), where a wide variety of counterparties and development options is being engaged with. Alongside farm out process updates, 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 from the GBA. The £17.1m end June 2021 cash holding (zero debt) 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 going forward. We have a Buy recommendation and 700p price target.
01/3/2022
20:26
pro_s2009: With oil near 110 USD.... Well....... Simon Thompson of Investors Chronicle commented this morning. If the directors pull a farm-out off, then expect a dramatic re-rating of Jersey’s equity. To put the current undervaluation into perspective, Arden Partners’ oil and gas analyst Daniel Slater has a risked valuation of $384m (870p a share) after factoring in a long-term natural gas price of 48p a therm (spot price 250p) and $65 a barrel for Brent Crude (spot $103). WH Ireland’s fair value estimate of 622p a share is more than 3.5 times the company’s current share price. The 15 per cent share price drift since I covered the half-year results (‘Bargain shares: Profit from the energy crisis’, 27 September 2021) is not only unwarranted, but offers a potentially highly lucrative entry point. Jersey has net cash of around £9.6mn, so is in a strong position to seal a deal. Buy. https://www.investorschronicle.co.uk/ideas/2022/02/28/on-a-war-footing/
01/3/2022
12:49
chessman2: Thanks for that Standish. I agree that the JOG share price has a long way to travel and given current world events I would not be surprised to see news here sooner rather than later.
01/3/2022
12:25
standish11: Simon Thompson of Investors Chronicle commented this morning. If the directors pull a farm-out off, then expect a dramatic re-rating of Jersey’s equity. To put the current undervaluation into perspective, Arden Partners’ oil and gas analyst Daniel Slater has a risked valuation of $384m (870p a share) after factoring in a long-term natural gas price of 48p a therm (spot price 250p) and $65 a barrel for Brent Crude (spot $103). WH Ireland’s fair value estimate of 622p a share is more than 3.5 times the company’s current share price. The 15 per cent share price drift since I covered the half-year results (‘Bargain shares: Profit from the energy crisis’, 27 September 2021) is not only unwarranted, but offers a potentially highly lucrative entry point. Jersey has net cash of around £9.6mn, so is in a strong position to seal a deal. Buy.
20/1/2022
19:18
highlyunlikely: Anything is possible, gowlane. He might turn out to have been right, but there's more than a dog's chance he'll turn out not to have been. I personally found his stubborn determination to paint everything JOG has sought to achieve in a bad light irresponsible at best, when he hadn't had access to the data many well-respected industry pros had (Schlumberger, Rockflow Resources, Petrofac and others) who reached different conclusions. These also included JOG's own team of seasoned pros, plus any number of hired consultants). I suspect JOG launched the farmout at a time that turned out not to have been ideal in that many big oilcos had slashed budgets in the wake of oil prices in the $20s when Covid struck. So I'm guessing that this, plus sector negativity in the face of constant attack by the buffoons in the "save the planet" brigade, then all the uncertainty and delays caused by COP26, made attracting and doing a deal with a suitable farm-in candidate in a timeframe that many were expecting nigh on impossible. Many things have turned in JOG's favour since then and I'm more optimistic presently than I've been for a long time. To cut to the chase, I'll stick my neck out and say that JOG will announce a farm out before the end of Q1 - maybe to more than one party. Favourites to sign on the line to me would be companies with existing operations in the area - JOG has some mighty powerful neighbours in the likes of Buzzard and Golden Eagle. See P8 of the linked presentation. All just my optimistic views and opinions. Make your own minds up after doing your own research. Risk can never be eliminated - it's the nature of the sector. Put your money in a building society if you want the certainty of at least getting it back. It will never buy you a holiday pad on an island 10 miles from the coast of France, however. GL whatever approach you take to investing in JOG
28/10/2021
23:30
highlyunlikely: mario - people seem to forget that Equinor was operator of Licence P2170, not JOG. JOG had a WI of 18% and CIECO 12%. You probably know that 72% gives total control so, in the event of disagreement over (say) where the Verbier appraisal well should be drilled, Equinor would have needed support from one of the other two partners to proceed with its plans. If JOG felt an appraisal well should have been drilled, say, 2km away from the discovery well, but in a slightly different direction, which of Equinor or JOG do you think CIECO (a silent partner) would have been more inclined to support? "Dirty washing" is seldom done in public so there were never going to be any: "told ya so" kind of announcements. What we do know, however, is that a prospect called "Verbier Deep" has appeared on the scene, with some reasonable numbers pencilled in. We also know there was a minimum proven recoverable volume in the immediate vicinity of the wellbore of 25mmboe, 100% of which JOG now owns, subject to modest contingent payments to Equinor (and CIECO?) (i) on FDP approval and (ii) on first oil. JOG's view is that the minimum discovered volume would be commercial tied into the planned hub. On a different note, people seem to forget, when bashing JOG because the re-assessed volume of oil the directors believe remains in Buchan might well not be recoverable in anywhere near the volumes anticipated, that at today's closing price JOG is only valued by the market at £47m - and it's probably still sitting on about £15m of cash. You're not going to tell me that JOG is priced for success, with oil at $85pb and estimated OPEX (admittedly calculated on lofty targeted boepd of production) of $9pb? So imv the potential rewards justify the risks involved in longer term investment. I regard myself as fortunate to have been involved since AB's and RL's creation (effectively) reversed into TRAP in Aug 2015, so I acquired most of my shares for a lot less than they'd have cost me today. I'm under no illusions about the risks - the main reason I invested as heavily as I did is because the Company ticked most of my boxes (a rare event). The key people have integrity; they're unstinting in their efforts to succeed; the evidence is they're extremely capable and have a lot of skin in the game. They win, we win. No-one's under any illusions. The next few months are critical, but I bet they have a Plan B. GL
04/10/2021
09:29
chessman2: Slowly but surely the JOG share price is rising to where it belongs. The management has played a blinder as it appears that other oil & gas concerns are indeed interested in us. The big question is how high will they go?
18/8/2021
18:47
highlyunlikely: Hi David2013 There was a 1 for 100 consolidation when JOG (effectively) reversed into TRAP in Aug 2015. No further consolidations or splits since. The way the deal was structured was that TRAP holders and JOG holders had an equal number of shares in the new set-up and that new shares would be issued to subscribers to an initial placing at 22p that raised about £800k. TRAP's share price on the date of the deal was 0.22p so the placing was on the money (0.22p x 100 = 22p.) The eventual total shares in issue were owned by: Former TRAP holders 26.7% JOG's owners: 26.7% Subscribers to the placing: 46.6%. TRAP's shares in issue before the deal totaled about 225m so the new shares in issue from day 1 numbered 8.43m. There have been a few more placings and offers since and today the shares in issue number 30,920,136. A total of 2,781,689 Options are outstanding, which represent approximately 9.0 per cent. of the Company's issued shares. Hope this helps you work out that you - like a number of us - lost a packet on TRAP. I was 95% down on my original TRAP holding when JOG rode in. I bought like fury (to the extent of c.13x my new JOG entitlement) into the new team (I liked the cut of the new boys' jib) at prices between 22p (Aug 2015) down to 8.79p (early Feb 2016) then back up to about 35p by the time Equinor farmed into Licence P2170 (Verbier) (c. May/June 2016?) It's amazing how many people refuse to believe there's any commercial oil in Buchan & J2. More than 80mmboe were confirmed as still to extract and correctly described as 'reserves' in CPRs prepared for the previous licence holders, Repsol Sinopec when the field was shut in on safety grounds in May 2017, by which time Buchan was flowing around 5kboepd under natural depletion, with aquifer support up to the cessation of production (as above: May 2017). You'd have to ask RS why they decided to relinquish the licence rather than remove the offending infrastructure and install a new platform plus whatever else was needed to meet the OGA's criteria. The two companies were at loggerheads at the time and suing each other for billions on some other matter(or matters) - don't ask me. The rig was decommissioned and the site left safe. Their loss was JOG's gain. Bring it on. There are no certainties in life (except death and taxes). JOG's a bit better than an outright punt in my book. The people involved are out of the top drawer, although this is no guarantee of success. If they do manage to farm out the GBA licences on half-decent terms, the shares should fly. If not? It wouldn't necessarily be terminal, but it would take some smart moves and a following wind to effect some kind of recovery. GL if you're still a holder
21/5/2021
14:11
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.
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