Jersey Oil And Gas Share Discussion Threads

[kirk 6] 13/9/2017 22:08

Well I made 2.5k today going long. Thanks you all made a contribution even bones with his silly rants

[sidjameslaugh] 13/9/2017 16:38

Well I have. In at 64 and out at 70 for a nice few hundred. Been a pleasure. Good luck all.

[cashandcard] 13/9/2017 16:26

bones698,


You're on the wrong board, at PVR they still think Barryjoe is worth billions, lol!
You tell em ;)


Cash

[cyan] 13/9/2017 16:20

You are a very sad , bitter troll bones698. You really need to look in the mirror because your evident delight at others losses is disturbing. Your obsession with this minnow is VERY strange. Get a life for goodness sake!

[bones698] 13/9/2017 15:57

Just glad I don't invest in.overjoyed hit as we have seen what happens. This is rubbish and always will be . All.they will.do now is try to salvage some kind of news of a deal that will be miniscule and worthless in all honesty but Muppets will hype it up again . More fool them.

It has 2.5m cash approx no assets of value yet it's mkt cap 8m hmmm let's think about it . True what they say there are plenty of idiots investing and deserve to lose their money . Currently worth 20p

[sidjameslaugh] 13/9/2017 15:50

What you have here though is a low share free float with lots of holders at higher levels. Worth a punt to a £1 personally.

[kirk 6] 13/9/2017 14:57

There you go booom

[kirk 6] 13/9/2017 12:17

Look at ENTU for example they were in a much worse scenario and management actual said they were worthless in yet the rose from under 1p to 5p a month or so ago

[kirk 6] 13/9/2017 12:16

No tam is right shares that fall thus much often get a technical bounce 20-30% not based on fundamentals. So this could well bounce back towards £1

[bones698] 13/9/2017 09:53

Tmmalik and why is that . Its basically a.cash shell with very little.money and high running costs now that will eat into the tiny cash pile quickly . This is and always has been a dog and now it's almost a dead one. Like.I.said expect 20p in the coming months imo

[baner] 13/9/2017 09:05

tmmalik

on what basis should this "recover next week" in your view? do you see any values justifying an uptick in the share price? any track record with the management justifying a huge premium to net asset value? any earnings ?

[tmmalik] 13/9/2017 08:40

This will recover next week Let's dust get settled

[rogerlin] 13/9/2017 08:26

No obvious sign yet of tug bookings to move the Transocean Spitsbergen, and so side track still possible. Statoil too must surely be irked at the failure of their pre-drill assessment here.

[baner] 13/9/2017 07:36

Ten and out. Free fall. If they could not land a single deal in the North Sea when the share price was 200p+ - why on Earth should they be capable of doing so with £2.5m in the bank and ongoing central cost eating this up rapidly? And why should they at all be able to add value from buying assets in a highly competetive market - where is their competetive edge, other than possibly the tax losses (that by no means are uniqe for the industry)? 10-20p seems to be an appropriate price level for the shares - but if they do not land a deal of some sort within 12-24 months, this will end up with administrators liquidating the company. And mr Malcy should be ashamed of himself having participated in this "pumping" exercise, that has cost investors serious money now.

[rackers1] 13/9/2017 07:19

This is a black holeAvoid.

[bones698] 13/9/2017 06:14

What funds for investing 2.5m will buy them a piece of swamp land that's about it . Any more funds will most likely be dillutive to shareholders and I wouldn't waste a penny backing this shower who have failed at every attempt

[tsmith2] 12/9/2017 21:31

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.

[bones698] 12/9/2017 08:20

Lulsfrg like.I said it's barely worth 20p Now . Very little cash and very little assets . A few licenses nobody wants which are likely to get relinquished soon . Its just a cash shell with high running costs. The current not cap of 7m looks way too high now and I see this drifting lower over the coming months as people understand that it's basically screwed

[mostro] 12/9/2017 08:16

Thanks guyswonga, already in AAOG, not in here till some news come out re future plans!

[luisfrg] 12/9/2017 08:12

Ffs....down it goes again