Jersey Oil And Gas Share Discussion Threads

[rogerlin] 03/4/2017 19:13

Listening again to that interview towards the end the impression is given that any production deal would be after the Verbier drill, nothing then to cushion the blow should the well be dry.

[sheep_herder] 03/4/2017 16:54

Thanks cyan, that answers a lot. Looks exciting. Wish I'd found them earlier.

[cyan] 03/4/2017 16:33

For those new to JOG; here is an interview from October 2016. I expect most are already familiar, so apologies.

[sheep_herder] 03/4/2017 16:11

OK, thanks a lot. And second question, what analysis has been carried out on the blocks so far? Statoil's will be the first drill right? So it is just the usual seismics etc?

[mesquida] 03/4/2017 14:14

Sheep_Herder - No, it definitely does not mean that JOG's interest is reduced to 8%. They will continúe to have 18%, but 10% of the drilling costs will be paid by CIECO. And don't forget, STATOIL are covering drilling costs up to a total of $28 million, and so JOG are effectively doubly indemnified. In simple English, if the drill costs $28 million, then STATOIL will pay all the costs, and meanwhile CIECO will pay to JOG the sum of $2.8 million. An enviable situation, and one that the market probably still has not fully appreciated.

[trulyscrumptious] 03/4/2017 13:14

Buy rec from WH Ireland

[...]

[cyan] 03/4/2017 12:58

I take it you are joking mequida. BB were pumping SER just before it was kicked off aim.

[sheep_herder] 03/4/2017 12:41

Can someone explain the % holdings in Verbier to me? The company states, " The Company retains an 18 per cent. interest, of which 10 per cent. will continue to be carried by CIECO, pursuant to the pre-existing arrangements between the parties, and CIECO will retain a 12 per cent. interest.". What is that 10% to be carried by CIECO? Does it reduce JOG's holding to only 8%?

[cashandcard] 03/4/2017 12:03

Question folks,

The well that flowed 4,800bopd from the J64 sand (in recent presentation), was that the well (think its 20/5a-10Y) which discovered oil on the edge of Verbier?

Edit: Answer is on slide 12? Hadn't realised it was a deviated well.


Cash

[cyan] 03/4/2017 10:05

300p broken ; wow!

[trulyscrumptious] 03/4/2017 08:54

Excellent start to the week, I wish the same could be said of some of my other stocks. I had thought of selling a few at £3.60 but will forget that now as I see this going much higher before we approach the summer drilling campaign. £3.00 on the bid at the moment!

[wisecat2] 03/4/2017 08:00

Another broker has upgraded today I'm told. Chance of success has increased and an increased target price close to £4. As they say every little helps

[top tips] 02/4/2017 21:19

EMEA Investor of the Year predicts Brent at $70 by end 2017.

That could put JOG closer to £20 if its North Sea "Verbier" prospect comes good when drilled this summer.

[krobertson878] 02/4/2017 00:22

Bought some

[sja123] 31/3/2017 10:50

mesquida, I take your comments on board....it was the appointment of joint broker and co-incidental sudden raising of the company's profile, which has continued with a Proactive interview, which led me along the path of a proposed placing upcoming...

I am somewhat agnostic about debt or equity finance....JOG seems in a good position for either....and either can be sensible if the right asset is procured...

All imo etc

[rogerlin] 31/3/2017 08:30

Some new cartoons of Verbier, proposed well site on slide 10 more clearly shown than in previous versions I think.

[mesquida] 30/3/2017 17:15

Interesting mark @270 this afternoon. Does not appear to have been delayed yet clearly is well above normal market size. Anybody got any ideas ?

[trulyscrumptious] 30/3/2017 15:17

Going by the company's figures a good result at Verbier should lift the share price up to about 1400p with oil at $50 bbl.

[mesquida] 30/3/2017 14:22

Sja123, regarding your posting re possible placing, presumably you have read AB's previous comments re discussions with bankers, which I take to mean that any producing assets purchase will be debt financed rather than equity financed. Remember also that the Board, and their families, have a lot of skin in the game here. Dilution is not uppermost in their minds, which is what makes this such a good investment story!

[cyan] 29/3/2017 16:53

Big numbers

[trulyscrumptious] 29/3/2017 12:32

I see Peter Gyllenhammar is down to his last 273,500 shares now and has under 3%. It's interesting to note the market has actually gone up a bit while he got rid of the last tranche.

[trulyscrumptious] 28/3/2017 14:03

A bit more from Malcy that has just come out.

hxxp://www.malcysblog.com/2017/03/vox-markets-podcast-malcy-hurricane-energy-jersey-oil-gas/

[sja123] 28/3/2017 10:12

They have a capital markets day tomorrow, presenting in the city and brought on board a joint broker with yesterdays announcement....

They are also committed to acquiring some producing assets to balance their portfolio as stated many times and have aspirations to grow the company.....

They last raised cash in an over-subscribed placing in November, £1.6m for costs associated with the Verbier drill.....

If they have managed to find the correct producing assets to buy and notwithstanding the Verbier drill which would be a company maker for them if it came in, I wouldn't be surprised to see perhaps a capital raise soon, coinciding with an asset purchase...

....something I would not be against if they have found an income generating asset to buy...

All imo, dyor etc

[top tips] 28/3/2017 09:15

Just now awaiting Statoil's announcement of the drilling rig tender outcome for the Verbier prospect.