Jersey Oil And Gas Share Discussion Threads

[bushranger] 11/9/2017 12:03

To be fair to Woodsy, his bucket list is to be taken as a whole and has both high risk explorers and less risky producers. Some with a mix of both. JOG was one of the most risky shares in the bucket, numerous times it was expliabed here that JOG was a binary play. ie. Drill successful, your return will be huge, unsuccessful, and shares will return to very low value. Thats why MGW repeatedly advised to be careful trading these and to take money off the table before the results. It was always known buying at £2.50 had a possible return of £10 or 30p. Each company in the bucket list is different and has very different risk reward ratios

[highasakite] 11/9/2017 11:37

Jersey was always high risk.

[isaready] 11/9/2017 11:35

I never understand how something can go from £2.50 to 50p. Its a mugs game.

[bones698] 11/9/2017 11:26

Figures don't look good as this is basically a cash she'll with little value in its shrinking portfolio . The money will disappear with wages an provides very little in the way of being able to do anything going forward . To be perfectly honest admin is favorite here now for me .

[georgie pie] 11/9/2017 10:58

Maybe they went to close to the edge and missed the reservoir, the mistake should help refine the Cortina prospect one would think.

[cashandcard] 11/9/2017 10:53

They need to explain how their mapping and model has been so off. A well on the flank of the structure they just drilled flowed 4,800bopd and 2mmscfpd.

Regardless, with a marketcap of £5mln, the EV is £2.5mln if the cash position is £2.5mln (as stated in the RNS). This is very cheap and I'll be adding. I think they'll be looking for other assets, given they still have the tax loss positions.


Cash

[highasakite] 11/9/2017 10:45

This was always a high risk drilling play.

[bulltradept] 11/9/2017 10:44

Another of Malcey's punts falls..

[highasakite] 11/9/2017 10:28

The curse of the useless Peter Gyllenhammar strikes again.

[cudmore] 11/9/2017 10:26

ALBA worth a punt based on the next RNS update from UKOG

[highasakite] 11/9/2017 10:12

Get your money back with VOG

[falia] 11/9/2017 10:08

HALO UP 50% AND RISING GUYS

[bones698] 11/9/2017 09:54

Cash agree this was always a dog and always will be , I doubt it's worth 20p Now but will have look after at the state of the books for a laugh . Pvr another dog like logp banking on a.miracle that was never going to come from Barryroe. Unfortunately for many I'm getting pretty good at spotting dogs. Just hope I saved a few people some big losses

[falia] 11/9/2017 09:41

HALO BOOMING NOW

[falia] 11/9/2017 09:36

GET YOUR MONEY BACK IN HALO, RISING FAST

[cashandcard] 11/9/2017 09:25

well bones,


They screwed up that's for sure. The other one to be hammered this morning is PVR, but their result was largely expected failure.

Cash

[cudmore] 11/9/2017 09:10

Get into UKOG to get your losses back imho

[cashandcard] 11/9/2017 09:00

George pie,

Well they need to go back to the drawing board and figure out what went wrong. It could be the prospect does not extend beyond the flank area, and is bounded somewhere around there. Meaning they have mapped it wrong. The reservior of that 4,800bopd couldn't have disappeared just like that. Will average down as my holding was small and see where they take it.


Cash

[georgie pie] 11/9/2017 08:46

That's the nature of the beast but this will settle about 60% down, massively oversold this morn.

[sheep_herder] 11/9/2017 08:39

Well, the 66% won. Hooray for guaranteed stops at 150p.

[cashandcard] 11/9/2017 08:35

Shocking! Where did that oil discovered by Talisman go? A different structure it seems.

Really caught out by this one.

A real shocker!


Cash