Jersey Oil And Gas Share Discussion Threads

[xxnjr1] 09/11/2018 20:31

They flood the market but cause there own demise

Really? Strange thing is, if you listen to quarterly results webcasts from ExxonMobil, Chevron, ConocoPhillips, Shell, Anadarko etc etc, they all think shale is the greatest thing since sliced bread. These are corporations that have massive optionality in where they can invest their $$$, where $$$ have to compete for capital, and only the most profitable projects get sanctioned. All of the above have been investing heavily in Shale. Often at the expense of conventional deep water exploration. It's been like this for at least 3 yrs. Shale is often characterised as a "ponzi scheme", but the actions of Big/Medium Oil suggest otherwise. Oh and the commonest analyst question on the Q3 Pioneer Resources webcast was "Congratulations! Great quarter. What are you going to do with all the future surplus cash - share buy backs? special dividend? dividend increases?" Meanwhile Premier Oil and Tullow struggle to pay back their huge conventional oil debt. If Tullow, for example, had invested $5bn in US shale, rather than writing off $5bn of conventional exploration expenses over the last 5 yrs, or so, then they would probably be in far better shape than they are today.

Happily none of the above demeans the investment case for JOG :) But I do wish the Directors would give more realistic guidance, as to when Verbier is drilled!

[robo175] 09/11/2018 18:25

They flood the market but cause there own demise, apparently shale is only profitable above 40 dollars.

[ziblot] 09/11/2018 18:16

Yanks flooding with shale.

[daler1966] 09/11/2018 17:35

Back to 160 next week, may buy some more last time I bought at 59p

[2prsimo] 08/11/2018 15:30

When the daffs are out - March

[daler1966] 08/11/2018 15:25

Early next year

[mariopeter] 08/11/2018 13:48

Rig still drilling at Ragnfrid. No worries . Will become exciting soon.

[chessman2] 08/11/2018 08:28

I’m quietly confident of the future here so I’ve bought a few more.

My logic indicates that oil prices will increase or continue to hold in the New Year which will be good for JOG when the news about the drilling is known.

[hiddendepths] 07/11/2018 13:06

bullson - those buys were clearly seen to be the end of the order!

[bullson1] 06/11/2018 12:15

Share price drops with buys...


So at around 10:23 someone or some institution buys two batches of 50000 shares each totalling well over GBP200000 at a price of 208p and the result is an almost 5% drop in the share price?! Hmmmm let me think who's at it ;) things must really getting interesting now or are they?! Good luck all holders...cannot wait for the Verbier appraisal well program...December/January/February....don't care...:)

[chessman2] 06/11/2018 10:20

Very pleased I added more at under 200p.

I’m sure we have a long way to go.

[trulyscrumptious] 06/11/2018 10:17

It can jump a lot more than 15% in a week, the shares are tightly held and not many are willing to part with them, not many fools here (a fool and his shares in JOG are soon parted, haha).
We may well see 15% in a day once dates are clarified.

[rimau1] 06/11/2018 09:55

This has risen faster and earlier than i thought, i was hoping to double up after a confirmed delay to drilling and or before the dec 3D data is delivered. Any thoughts why we have jumped 15% in a week? PI’s fear of missing out or good news coming earlier than expected?

[trulyscrumptious] 05/11/2018 12:36

At last it is back to near the last fund raise price! Drilling gets closer by the now and those who are not in now could find themselves paying a bit of a premium. Mind you, if it drops back it's a no-brainer for another top up.

[smart_investor] 05/11/2018 12:35

204.00 +9.00 (+4.64%)

[rayrac] 05/11/2018 10:58

You can look at trades of 201.8 as buys, even though 203 is the offer.

[hiddendepths] 05/11/2018 10:55

Buying started at 10am! Big buyer clearing up loose stock?

[hiddendepths] 04/11/2018 15:56

Thanks bullson! And, xxnjr, I've been wondering about that too. And thinking about whether the suggestion that it's going to be quite a quick well implies they won't look deeper yet. Probably depends on the seismic, early results from which are presumably being analysed now.

[xxnjr1] 04/11/2018 10:51

Good spot bullson1! West Phoenix is a decent bit of sixth generation drilling kit, but even so, I've kind of pencilled in 60/30/30/30(days) for the 4 well program, as an initial pencilling in exercise, pending (LOL!) a further update on the Verbier timing from JOG. As of today, RN has been drilling for 31 days.

Zebbo interesting that Equinor's original P2170 farm in release mentioned



“.....This transaction underpins Statoil’s exploration strategy of exploiting prolific basins and deepening in core areas."

Deepening below existing discovery horizons is something Statoil, sorry Equinor, are good at. Adds volumes and keeps the facilities full. New 3D may illuminate deeper lurkings perhaps? We'll find out in due course.

[bullson1] 04/11/2018 09:03

Here is an interesting find, updated today on the Braemar ACM Offshore website - they run supply vessels etc for Equinor UK and are still looking for a supply vessel for the West Phoenix for the upcoming UK campaign after they finish with Ragnfrid. Now according to them the UK campaign is commencing in Oct-Nov sometime and will run for the 3 UK wells circa 120 days in total. Which means they expect Ragnfrid to finish sometime in November. That is at least what they are tendering for but of course no one can tell exactly- that's just oil business isn't it?! Here is the link, just thought it might be interesting:

hxxp://offshore.braemaracm.com/requirements/

Good luck all holders!

[zebbo] 03/11/2018 19:56

What is obvious is that Equinor are very interested in our block inc Cortina ++anything else lurking within the 3D.

As momentum builds towards spud I see JOG £3 +. The 3D may also add to the excitement as the block starts to become de risked

[mariopeter] 02/11/2018 13:17

Equinor have $4.9 billion in cash on it most recent balance sheet. Saying that I'm not greedy I'd take Equinor shares for my JOG shares!

[chessman2] 02/11/2018 11:48

I’ve enjoyed the recent posts so much I’ve bought a few more.

I must say the future is looking quite bright especially bearing in mind there are so few shares in issue. As soon as someone tries to buy in size JOG will return to the 250p level. Thereafter who knows, but it seems we could be traveling northwards at a good rate.