Jersey Oil And Gas Share Discussion Threads

[money maker1] 29/6/2017 09:02

Bought some more. I think £10 could be conservative.

[trulyscrumptious] 28/6/2017 13:36

Quote: 'a neat little stock to be in at the moment'. Malcy is bullish and says his guys at Stat Oil have put this in their top wells to drill this year.

about 16:48

hxxp://www.malcysblog.com/2017/06/ig-interview-oil-bucket-list-beats-market/

[money maker1] 28/6/2017 11:19

The rig will be drilling three wells in total, including our Verbier prospect (Mean Prospective Resources 162 MMboe). The total time for all three wells is only 90 days so the whole thing wont take long. I could see this a lot higher than £10 because they also have Cortina (Mean Prospective Resources 124 MMboe) and they have been offered loan cash to acquire some producing assets (i.e. revenue generating without dilution). The current market capitalisation of just £23m is still tiny.

[sheep_herder] 28/6/2017 10:41

I realise that's a sensible option, but the price has hardly started to rise yet. Still well below recent highs.

[trulyscrumptious] 28/6/2017 10:36

That's why a lot are buying now and plan to sell half when it rises but keep a few for the final result.

[sheep_herder] 28/6/2017 10:25

I do find this quite interesting in terms of the Statoil well. 30% chance of success adds £8 to the price. So how far towards that will the price head when drilling starts? It must have to creep up towards £4 before the result?

[jamesd888] 28/6/2017 09:59

off topic tip ECSC Group (ECSC) worth buying....with Cyber attacks hitting worldwide...gonna fly

[trulyscrumptious] 28/6/2017 09:33

That said, we are getting closer to zero hour if drilling is scheduled for August.

[trulyscrumptious] 28/6/2017 09:26

No he doesn't, he says that only 'if' they make a discovery! We want this to do well but let's not make stuff up.

[englishlongbow] 28/6/2017 08:11

Malcy actually reckons JOG £10 and he seems to know his stuff. This could be the investment of the summer.

[money maker1] 27/6/2017 08:29

Bought a few more. Malcy says its a no brainer.

[fardels bear] 26/6/2017 21:17

Nice to see a well paired team talking it down for a lower entry point..

Fancy myself as a bit of a comedy scriptwriter but I couldn't do better..

[vimster] 26/6/2017 15:08

Nice to see some blue..

[rogerlin] 24/6/2017 08:07

STATOIL N SKANDI HERA AHTS R/M TO SPITSBERGEN

Maybe we will see movement soon?

[matt123d] 22/6/2017 20:27

Won't lose more than a few percent as I have a hard stop if today's low fails. 220p isn't optimistic for a short term oversold bounce.

[bones698] 22/6/2017 18:07

Matt hope you enjoy losing 50% of what you bought then because this has cliff written all over it in the coming months and once the drill fail to hit its back to 20p

[matt123d] 22/6/2017 09:37

Added a few here for an oversold bounce.

[baner] 22/6/2017 08:34

next stop sub-100p

[bones698] 22/6/2017 08:32

Timberrrrrrrr off a cliff.

[bones698] 21/6/2017 21:24

That's only if they get it done pre drill . If they wait until after it might well be at 20p though if they miss which is likely and the dilution then would be horrific.
Not a fan of this outfit never have been since trap days but I think the so rise has suckered in quite a few mugs just as PG is selling out knowing the odds

[euclid5] 20/6/2017 07:59

Statoil are funding them for the first £25m on the first drill....but at 2.50p any fund raising will have minimal affect re dilution

[bones698] 20/6/2017 07:46

Eulcid pretty much spot on there anyone with brains would be selling out if on a profit pre drill , only the biggest gamblers would.stick with it on a 10% chance of.drill success. Never understood the big rise as it has next to nothing to offer and expect them to raise cash before the drill or risk having to raise it in the pence when they hit a duster . I suspect that's why the share price is already dropping as news circulates of impending fund raising at 150p maybe my guess

[rogerlin] 16/6/2017 16:54

lowflow, I think JOG have always just said "summer". Statoil refer to three wells to be drilled by the rig, but do not say in what order. The Transocean Spitsbergen is in Bergen, not moved yet.

[lowflow] 16/6/2017 11:55

Quick questions:

1. When during the summer is the Verbier well expected to be spudded?
2. How many days of drilling will it take to complete the well?

Thanks