Jersey Oil And Gas Share Discussion Threads

[babbler] 09/10/2017 09:51

Bones... Still a chance to make 10 percent today... Or more... Go on you know you want to...

[leedskier] 09/10/2017 09:48

yes after today's rise it is now valued at £18.55.

It wasn't like this when Encore and Nautical Pet. were exploring in the North Sea. No wonder they sold out at the top of the market several years ago.

[nicksig] 09/10/2017 09:42

It's not valued at 5.82m

[bones698] 09/10/2017 09:38

Or both are desperate for some good news so have released vague statements . Has anyone asked jog how they know the recoverable oil in place without further testing . Be careful I have seen companies issue rns's and later had to issue another which wasn't as good . Even seen one saying they discovered oil only to issue another saying it was water Lmao.
I still wouldn't touch this with a barge pole and am looking forward to the next few rns to see jut how viable this is . Remember trap and their previous recovery issues on Athena not very promising history lol

Also many of.you forget jog only retained 18% after the farm out which means let's call.it 5m boo to trap but the profit on each of those is only likely to be a few pounds per barrel so not exactly worth a great deal and given the risks certainly not what I would be buying into . Some on here are delusional and clueless on what this actually means and it's value . The market has it right at this time and that's why it's where it is .

[leedskier] 09/10/2017 09:37

Yep the share price and resulting market capital -- like so many others controlled by London Market Makers, is an embarrassment.

The notion that a company which has invested in the North Sea and discovered oil should be currently valued at £5.82 million evidences just how broken the system is.

[rogerlin] 09/10/2017 09:30

There have been a lot of disappointing wells lately, Statoil's big prospect in the eastern Barent's was not a success and they have put out a statement very quickly on Verbier, they seem well pleased which can only be good.

[timw3] 09/10/2017 09:25

JOG simply priced wrong. Look at the market cap and todays news. Should be well over £4 now.

[cashandcard] 09/10/2017 09:24

"Initial Operator (Statoil) estimates of gross recoverable resources associated with the Verbier discovery are between 25 and 130 million barrels of oil equivalent, with a minimum proven recoverable volume in the immediate vicinity of the wellbore of 25 million barrels of oil equivalent"

[babbler] 09/10/2017 09:24

Well you missed out on 200 percent profit. Never mind... I'd be miffed too and try to get it back down... Imo.

[bones698] 09/10/2017 09:20

I like all these thinking this is a success when the actual truth is the share price is 50p below where it was before they even started drilling .
For my next trick George let's see if this well is viable . My bet is on tsting that they will find the structure is compartmentalized and therefore not worth developing as the most will be too great , you have been warned yet again Muppet . If you go there to read my posts you will see I have been spot on so far all the way about jog and this drill .
Everyone is also forgetting the cost of getting oil out of the ground in this area and wether this find would warrant such an investment given the risks. Judging by the size I would say almost certainly not but we will see .
I'd like to know how trap can state that 25m are recoverable already without an extended flow test . To me that is something that warrants scrutiny

[telbap] 09/10/2017 09:12

Well done cash.....l liked at these and decided against.......doh!!!!!

[cashandcard] 09/10/2017 09:06

Well, its a good job I kept mine. I had a feeling the oil in the original Talisman discovery could not have disappeared. Their model was slightly off.


Cash

[rogerlin] 09/10/2017 09:01

"The partnership will continue to assess the data and plan further appraisal to determine the exact size of the discovery. The partnership will also seek to determine the commerciality of the discovery in addition to maturing additional opportunities within the P2170 licence".

Statoil statement suggests appraisal and also possibly other wells in the licence, positive stuff IMHO although of course JOG will have to fund its share of this work.

[dondon75] 09/10/2017 08:58

To be fair Georgie, there's nothing in there that contradicts what Bones has written.

[georgie pie] 09/10/2017 08:50

Bones you are a complete muppet.... goodbye.

Andrew Benitz, CEO of Jersey Oil & Gas, commented:
"We are delighted by the positive outcome of the Verbier sidetrack. The well has achieved its objective by encountering good quality, hydrocarbon-bearing sands, up dip from the initial well with the results exceeding pre drill expectations for the sidetrack."
Jenny Morris, Vice President for Exploration in the UK of Statoil, commented:
"The results show that we made the right decision to sidetrack the well and this discovery proves that there could be significant remaining potential in this mature basin… we are convinced of the remaining, high-value potential on the UK continental shelf and the Verbier result certainly gives us the confidence and determination to continue our exploration efforts."

[bones698] 09/10/2017 08:41

George far from it , I would hardly say a recovery to.less than the previous share price is good news and also note the station wording which still doesn't confirm it's economically viable to recover this oil. I'll happily wait and see as I believe this won't be the case and it gets plugged when they realise the cost to get it out of the around and decommissioning is too much . If you hold you should be selling quickly as this will drop back as people with any sense get out while they can

[babbler] 09/10/2017 08:37

Shorters burning. Nice smell in the morning. Lol. Settled here before next move up.

[georgie pie] 09/10/2017 08:30

Perhaps bones has choked on his corn flakes this morn.................Cortina licence will be next so all do yourselves a favour and ignore bones and pile in here, this is so under valued now even when it reaches £3 in a day or two. I honestly expect this to be £5 before year end, less than 10m shares in free float...do the maths.

[babbler] 09/10/2017 08:30

£19m apologies. Only 9m shares.

[glenkaz] 09/10/2017 08:08

Wow 🤡✌A039; Frying tonight 🔥😱

[georgie pie] 09/10/2017 08:07

this will be back to £3 by end of week

[mirabeau] 09/10/2017 08:06

That is incredible

ROLLER-COASTER!!!

[tsmith2] 09/10/2017 08:05

wow - price rise.Well done to all who hold