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Jersey Oil&Gas Share Discussion Threads
Showing 351 to 374 of 375 messages
|Promising turnaround today. All eyes on tomorrow morning.|
|New RNS corrects date of final results to 20th April.|
UK Regulatory (RNS & others)
RNS Number : 9785B
7 April 2017
Jersey Oil and Gas plc
("Jersey Oil & Gas" or the "Company")
Notice of Final Results
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, will announce its final results for the year ended 31 December 2016 on 28 April 2017.|
|Also take a look at the four Highlands Natural Resources (HNR) wells just granted state approval yesterday for drilling -
Nice low cost low risk onshore US located Niobrara shale. Drilling this summer.
Should see HNR push back through 70p to 90p now and possibly tripple from here.|
|Brent Crude price up again.|
|Normal service has been resumed.|
|Nice daily reversal, missed the bottom, holder.|
|The 20/5a-10y well successfully tested an exploration prospect about three kilometres north of the Talisman operated Buchan Field and 12 kilometres southwest of the Tweedsmuir South Field where Talisman also holds a 94.43% equity interest. The well was drilled by the Ocean Nomad semi-submersible rig and discovered oil bearing sandstones of Upper Jurassic age. The well encountered two separate Jurassic sandstone reservoirs and upon testing flowed at a combined rate of 11,000 bbls/d of 39 degree API oil.
If the old Talisman well is really from the edge of the Verbier prospect, you would think that was very promising (although not all the flow was from the J64 sand). Presumably the oil was sweet since it doesn't say to the contrary? (The adjacent Polecat is sour).|
|Is that pm or am.|
captain james t kirk
|Looking for entry point,now soon after placing,placing around 2.30 I guess|
|Transocean Spitsbergen has now moved onto the Repsol Norge Stordal prospect, well 6705/7-1 which is scheduled to take 33-48 days depending on what they find.|
captain james t kirk
|Peter G didnt think so , he has grabbed his huge, actually humungously huge profit and .......legged it. Now that is the way to do it.|
|I am waiting for the airplanes fun to finish and then I Will ski. in a few weeks time. This specific rig has good omen/aura.|
|Transocean Spitsbergen just finished a successful series of drills
for Hurricane West of Shetland.|
|They'd be mad not to raise some money now the rig is confirmed...|
No way will JOG be able to raise 100% of the cash for a producing asset by debt alone. Some sort of equity fund raising will be required for sure IMO. Institutions will want to participate given last week's presentation and will require some increase in liquidity. The board etc will also join in any placing saying they are supporting the company business etc etc, showing faith by investing in future etc etc... They won't be diluted but PI holdings will.
Seen it too many times before. I have no problem with it provided the asset is value for money and enhances value for all.
P.S. Statoil have contracted Transocean Norway to drill Verbier, quell surprise!! Good decision of course as I am guessing they have had many successful campaigns already.
|Here are the specs for the rig:
Currently located off Norway. Wait for it to start moving south:
|Superb news. Statoil just confirmed they have contracted Transocean Drilling UK Limited for the semisubmersible rig, "Transocean Spitsbergen". Unequivocally reaffirmed their committment to drill Verbier "in summer 2017".
|Rig Contract confirmed.|
|thank you for clarification. I did not research it. I just like skiing as I am from Slovenia. I guess I Will wait for the producer equity financing (if it happens) and Will jump than. now is a traders stock till the Verbier results.|
|Been watching this for a year and never had the balls to jump on well done all pi's it dosent look like stopping either.|
|Won't be long before Statoil announce the rig for Verbier.|
|Peter G has been selling down his stake here quite aggressively and now holds less than 3%. If the Board do need equity finance then I think that they will find it fairly easy to raise from parties other than Peter G, but remember that the Board and their families have significant shareholdings and I suspect that they will not be keen to dilute those interests.|