Jersey Oil And Gas Share Discussion Threads

[captain james t kirk] 31/1/2019 13:02

Sorry rogerlin, I misread your comment. I should have known better because it's so easy to do on these black and white threads.

Try this and the blocks on offer are: 14/30b, 15/26a, 15/27b, 20/4c, 20/5a 20/5d, 21/1a, 21/2a, 20/9, 20/10, 21/6c and 21/7.

hxxps://www.ogauthority.co.uk/media/5335/buchan-area-map.pdf

[xxnjr] 31/1/2019 12:47

This may be of interest

[rogerlin] 31/1/2019 11:58

Thanks for the link captain kirk, I realise that P2170 is around Buchan but it is a strange shape and I can't yet find a diagram of where the licence(s) on offer are and whether they are continuous with P2170, but there is a lot of ogauthority material and it may well be in there somewhere.

[davidblack] 31/1/2019 10:30

So when do people think Cortina will be drilled?

[captain james t kirk] 31/1/2019 09:44

I don't know if your post is a wind up but the thread has been discussing the Greater Buchan area for the past couple of weeks or so. Verbier and Cortina straddle Buchan, as in deed does the whole of P2170. We would fully expect JOG and Equinor to participate in the supplementary Buchan area 31st licencing round application.

hxxps://www.ogauthority.co.uk/news-publications/news/2018/supplementary-offshore-licensing-round-to-target-greater-buchan-area/

[trulyscrumptious] 31/1/2019 09:00

No idea but they do have the possibility of a sidetrack on Verbier after the main drill so maybe the thinking is to drill Cortina instead. That will double the share price overnight.

[rogerlin] 31/1/2019 08:51

Paragraph on Verbier here, says Cortina expected to be drilled in 2019, is that so?

[rayrac] 30/1/2019 22:32

And the conclusions are?

[mariopeter] 30/1/2019 19:03

Yes an interim seismic report has been issued.

[captain james t kirk] 30/1/2019 12:41

I believe you may have the wrong end of the stick.

[rayrac] 30/1/2019 12:25

Delivery of the final imaged data by PGS from the survey is currently expected in late Q1 2019

Ffs, have a gander if you have an interest!

[xxnjr] 30/1/2019 11:55

Probably waiting for Equinor to opine on the seismic before JOG say anything.....

[mariopeter] 30/1/2019 11:33

Where is that seismic report?

[captain james t kirk] 29/1/2019 18:55

The one with all the pretty pictures :)
Most of the presentations before the discovery, tend to contain much more information on the prospects.
Much better research material.

[bomfin] 29/1/2019 18:43

Yes Captain, aye aye Scotty and Bones get your finger out, I've already been checked.
That is what I am saying. All imho dyor but you will be able to see the recoverable %ages used in the presentations. AGM 2017 presentation is interesting.

[chessman2] 29/1/2019 18:08

I'm impressed by the trade of 25,000 at circa 3pm as the buyer only had to pay 1p extra. Normally it's difficult to get such a lump.

In any event JOG is looking good. A few more large buys and we should be heading northwards.

[captain james t kirk] 29/1/2019 17:42

So if I'm reading this correctly, are you saying that the more realistic recoverable volumes could/should be:

If 25 MMbls represents between 30%-40% of STOOIP, then at 60% recovery rate, we should have between 37.5 MMbls and 50 MMbls in the lower case scenario at Verbier.

edit 30/01/19:

I thought I'd just add, that at the top end of currently published forecasts of 130 MMbls, then that 60% recovery rate would give a range of between 195 MMbls and 260 MMbls.

[bomfin] 29/1/2019 16:57

On projected recoverable oil in relation to STIIP oil in place. In JOG presentations recoverable oil is only in at between 30% and 40% with the% higher for a bigger discovery and a bigger discovery worthy of a more comprehensive development. These are low estimates and conservative. As someone said recoverable should be about 60% of STIIP especially when Equinor reckon the well is in the immediate vicinity of 25 million barrels of the black stuff.

[xxnjr] 29/1/2019 12:34

It was gas/condensate, and quite chunky for recent UKNS discoveries, at 250mmboe.

[daler1966] 29/1/2019 12:17

I also about to buy at 199 lol , news on here this morning of Total find oil North Sea Jurassic up dip ?

[captain james t kirk] 29/1/2019 12:11

Hopefully 5p or so will be small beer in the overall scheme of things :)

[pro_s2009] 29/1/2019 11:54

Who bought them ?

I was waiting for the price to drop back to about 195 before adding more, thats spoilt that plan.

[hiddendepths] 28/1/2019 14:26

Davidblack - I think we've had this discussion before. It's not just Corporation Tax but, more significantly, PRT (and other oil and gas specific taxes) that are sheltered too. In the days of yore when I looked at such things in detail, the value of such tax losses was roughly equivalent to 100% if they could be used to offset profits from mature fields. I know the tax regime has changed several times since then but just using the CT shelter significantly understates their value to a producer even so.