Jersey Oil And Gas Share Discussion Threads

[bones698] 12/9/2017 06:23

Avoid this share like the plague it has failed at everything it has done .
Now it is.left with just over 2m in cash and no assets of any real value. Still Overprice and will settle in the 20s imo as it's basically a cash shell with him running costs

[1corrado] 12/9/2017 06:23

100 p at least by friday.

[guyswonga74] 12/9/2017 05:09

Guys. Take a look at AAOG. Big drill coming up plus completion of workovers. Get in before spud RNS. Very few shares in issue

[tmmalik] 11/9/2017 19:44

23 Aug 2016 RNS summaryDrilling in 2017 for p2170 not 2018 -- Under the terms of the SPA, Statoil will acquire an aggregate 70 per cent. working interest in the P.2170 Licence from the Company and CIECO, and will be appointed the designated operator for a total up-front cash consideration of US$2 million, of which US$1.2 million will be payable to Jersey Oil & Gas (the "Initial Consideration"). -- The P.2170 Licence area contains two medium risk independent oil prospects identified with unaudited estimated mean in place volumes of 300 and 212 million stock-tank barrels ("Mmstb") respectively. -- Statoil will fund all costs up to US$25 million in respect of the first exploration well to be drilled on the P.2170 Licence (the "Exploration Well"), with any cost over-runs to be satisfied by each party in proportion to their working interests. -- Planning of the Exploration Well is expected to commence this year, with drilling potentially planned for 2017. -- All parties will now work towards obtaining the customary regulatory approvals to complete the Farm-out comprising, inter alia, the consent of the Secretary of State for Business, Energy and Industrial Strategy (the "Secretary").

[rackers1] 11/9/2017 16:07

Malcy also cost people a fortune on HUR saying a quid was cheap when it was in the 60's

[bones698] 11/9/2017 16:02

Nope . 7m not cap 2m cash assets next to nothing . Cash shell with an awful track record and little hope or prospects . If anything carry on shorting it to 20p

[luisfrg] 11/9/2017 15:41

Any reasons to buy???

[bones698] 11/9/2017 15:09

Dropping fast as the traders escape . Finish about 40p today and less as reality sets in and they see it's got nothing of value .

Mkt cap 7m now , cash of 2m and nothing of any value in its portfolio . Please explain why it's oversold ???? Its basically a cash shell

[baner] 11/9/2017 14:43

Malcy´s "advice" has cost investors a heck of a lot. no wonder he is trying to keep a bit of air in the baloon. it was madness to value this company at £30m with a 70% probability it would come down to next to nothing once Verbier was drilled. there is virtually no money left in the company to fulfill its objectives - JOG is an exceptionally small fish in a gigantic pond and there is no way they will land a meaningful deal in the north sea without having to dilute existing shareholders very significantly. to be avoided.

[pre] 11/9/2017 14:25

Agree with Georgie Pie...Malcy got it right on EME with his prediction, so a free carry here at no cost to JOG with the potential sidetrack plus other projects...crazy drop imo,dyor.

[georgie pie] 11/9/2017 14:13

Definitely oversold and the MM's are having a field day with stop losses and early punters crying to sell up..... read the above from Malcy and its clear to see its not over by a long shot. Congrats to all the brave who piled it around 30p this morn.

[georgie pie] 11/9/2017 14:11

Malcy

Jersey Oil and Gas 
JOG has announced this morning that the Statoil operated well on the Verbier prospect in the North Sea reached TD yesterday and encountered water bearing Upper Jurassic sands deeper than anticipated. It is possible that there may be a sidetrack but JOG think that is unlikely. This is clearly a disappointment but it should be remembered that it was drilled at no cost to them and they end the campaign with £2.5m of cash in the bank. The company is still planning to continue with its stated strategy of growth through acquisitions of assets including production with a number of potential deals being currently assessed. JOG has a good team and is without a doubt in this for the long haul, it has good sources of funding for its longer term strategy.

[euclid5] 11/9/2017 14:07

Hello Isaready,

When an exploration co is drilling an Exploration well with the usuall 25% - 35% GCoS then it's always a very high risk - more like a 70% chance of failure

However, the real smart money went in at 25p & rode it to £2.50p when they farmed out to Statoil & market cap went from £1m to £25m - that was thetime to sell up not buy in at 2.50p & wait for the drill results

However, if they struck oil they would be 400p plus!

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

[roddyb] 11/9/2017 14:01

I am having problems selling at 64p despite tradingview saying the sell price is 76p?
The market seems totally chaotic this afternoon... weird.

[pre] 11/9/2017 13:46

anyone else having problems buying? looks like 80p about to be broken..

[pre] 11/9/2017 13:39

Keeps on going to NT to buy...

[roddyb] 11/9/2017 13:32

Just jumped in this morning at 43p, I see the usual oversold reflex has started to unwind by lunch. ADVFN publishing a price of 60p by lunch whilst my broker is giving sell quotes of 72p???? I am out as 50% gain in one morning on a share I have no clue about is a godly sign to exit...

[pre] 11/9/2017 13:26

looking way oversold...few more lucrative projects in pipeline

[cashandcard] 11/9/2017 12:34

bushranger,

Well put. Malcy is right to do that. I think the saving grace is that, after the disasters we've witnessed over the last decade, many experienced PI's temper their greed with fear. They mitigate risk on the run-up to drilling and also limit how much exposure they have to an exploration well towards the result. As an example, I'd only invest 1/10th of what I used to a decade ago into oil and gas. The rest into less risky 'defensive' sectors and asset classes. As I have only a few K here, this is little more than a poor result that I'll forget in a month or two. In days gone by, there were folk who were losing their entire portfolios on individual well results.


Cash

[captain james t kirk] 11/9/2017 12:20

bush
Succinctly summed up.