Jersey Oil And Gas Share Discussion Threads

[wasntreallysurewhatwasgoingon] 04/7/2017 16:00

What a gift today has been, for those looking to get on the train and who missed 200.

[georgie pie] 04/7/2017 13:50

Malcy meeting Benitez tomorrow for general catch up, they will discuss a possible tip tv interview just before Verbier if appropriate.

Good times straight ahead!

[mesquida] 04/7/2017 09:05

Surely the key point in yesterday's announcement was the stated intention to under take a sidetrack after the initial drill. This speaks volumes about Statoil's expectations for the prospect. Hopefully Malcy will be able to expand more on this point once he has spoken to the company.

[dsmith57] 03/7/2017 14:56

I get it. Sell the news but wtf 10%?

[baner] 03/7/2017 13:18

More than 70% chanse/risk the shares will prove more or less worthless 3 months from now..........or worth maybe 700p, assuming Statoil decide to develop and oil prices hold up........maybe cash coming in already in 2025?

[englishlongbow] 03/7/2017 12:20

Bought a few more.

[trulyscrumptious] 03/7/2017 12:14

From Malcy - it seems we may get more later this week.

Jersey Oil and Gas
Statoil has announced that they have mobilised the semi-submersible ‘Transocean Spitsbergen’ rig to drill its three well programme in the UKCS this summer. The rig, which has had extensive success West of Shetlands is one of the best around and pound for pound is way more economically friendly than it might have been some time ago. JOG announce that it will drill the Verbier prospect (18% JOG) in August and should take around 30-70 days depending on results and a possible sidetrack. Statoil are funding costs up to $25m and JOG are carried for 10% by partners CIECO. JOG shares had a good run early in the year, drifted until recently and have since the low of 199.5p on 23rd of June rallied another 30 odd percent. I will update more after a meeting with CEO Andrew Benitz later in the week.

[trulyscrumptious] 03/7/2017 07:27

August still on.

[rogerlin] 30/6/2017 09:24

This summer the rig will start with three exploration wells in UK waters on the Mariner, Jock Scott, and Verbier licenses.

Maybe it will be in the order stated?

[donald trumpton] 30/6/2017 09:20

Spoil sport!

[matt123d] 30/6/2017 09:09

Taken some profits here, oversold bounce continued further than anticipated.

[rogerlin] 30/6/2017 09:09

To Mariner I think in the first instance according to Marine Traffic.

[englishlongbow] 30/6/2017 08:03

Our rig is now moving.

[money maker1] 29/6/2017 23:36

Made two purchases today. Not much free stock around. Management and their families have invested heavily and are holding firmly. Apparently they aim to have at least eight producing assets in the near term.

[trulyscrumptious] 29/6/2017 15:20

Make that #7! At the moment.

[trulyscrumptious] 29/6/2017 15:14

I see we are #9 in today's list of gainers with volume picking up a tad.

[rogerlin] 29/6/2017 13:47

Skandi Hera seems to be towing the TO Spitsbergen but not moved far yet and no new destination given, we will soon know where it is going.

[trulyscrumptious] 29/6/2017 12:46

I doubt that but once the rig starts to move and we get some firm dates we may see a bit more volatility. But who knows?

[englishlongbow] 29/6/2017 12:05

£5 next week.

[englishlongbow] 29/6/2017 09:24

Happy days.

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

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