Jersey Oil And Gas Share Discussion Threads

[catchingmice] 31/5/2023 10:55

Looks as though it's bounced off the 1.98 support level should see an upward trend pretty soon

[daler1966] 31/5/2023 08:26

Down the Dust pipe ? :-)

[hsfinch] 31/5/2023 08:22

They're singing the old Quo hit on here.

[hsfinch] 30/5/2023 16:26

Yes but liberal-left progressive civil servants could employ delaying tactics in order to...save the planet. Innit.

[rbonnier] 30/5/2023 16:10

JOG have still got 16 months to finalise the farm out the election won't be until Autumn of next year.

[hsfinch] 30/5/2023 09:22

Heading below 2 quid?

[ben gibbens] 24/5/2023 22:17

Very interesting hu. Many thanks.

[highlyunlikely] 24/5/2023 22:03

In case it's of interest, I've set out below the text of a post I made on the other board yesterday, in response to a question Greener had asked about JOG's tax losses. I expanded the subject somewhat - people can form their own views on the assumptions I uaed:
"TRAP acquired JOG in 2015 and changed its name to what it is now. The CI company (founded by AB and RL) is now a 100% subsidiary called Jersey Oil & Gas E & P Ltd. At the time the transaction was completed, TRAP (now JOG) had about £25m of unrelieved tax losses available for offset against future profits, in accordance with UK tax laws:



The Company has added to these losses since 2015, to the extent that the situation was described thus in JOG's 2021 financial statements: "At the year end, the usable tax losses within the Group were approximately £57 million (2020: £46million)".

The losses belong exclusively to JOG and not to anyone else - as they always will do. JOG is a stand-alone UK company, regardless of whatever agreements it may enter into with other parties.

Looking forward to 2026 (assuming that's the date of first oil from Buchan) my understanding is that, once production is established, the expectation is that production in the range of 30-35kboepd will be achievable. One assumes Neo has bought into this expectation, thereby giving it some measure of validation.

Assuming 330 days pa of production @30kboepd, a BC price of $75pb, Opex for JOG of $15pb (there shouldn't be much Capex as JOG will be substantially carried through to production) and JOG managing to retain 20% of the GBA licences, this could lead to a pre-tax profit per annum FOR JOG ALONE of something like $120m pa - or around £100m (significantly more than today's entire market worth) PER ANNUM.

Tax, of course, is the big unknown, with both Sunakhunt and Stoma seemingly intent on destroying an industry that is vital for our country's well-being and security. All in the name od cheap votes.

JOG's b/fwd tax losses will be a help, but they don't seem to me to be a game changer, given the eventual profitiability of the GBA licences.

dyor

[ben gibbens] 24/5/2023 16:59

Very positive, with many points to make the price explode. So far so good. Thanks limor.

[limor] 24/5/2023 12:34

An Interesting update from Zeus this morning which I believe is very positive for JOG

[nestoframpers] 24/5/2023 09:41

Good EOY results , onwards and upwards IMO.

[highlyunlikely] 24/5/2023 08:10

.........trod on a corn did I, d.head?

[kakapo1] 23/5/2023 21:02

For someone who did not know about Mello, seems you know as much as an Urban Dunce.
I Know all about HNW Investors, Clown, The ones I know will be asking some searching questions. They are'nt fools like you. Get back in your cradle or learn some manners

[highlyunlikely] 23/5/2023 19:37

The presentation is aimed at HNW PIs, d.head. Shows how little you know about anything - I'd be hiding in a corner somewhere lest anyone should be playing: "spot the clown", cocopoo.

Results and update 7am tomorrow, anyone??

dyor

[kakapo1] 23/5/2023 12:43

Apart from the normal protocols, rarely do CEO's make presentations without formally advising shareholders. Some may think it is perfectly ok, it is not especially when a Company is about to release accounts and significantly in the midst of commercial negotiations. The reasons behind the presentations are not known and will only create suspicion.

[kakapo1] 21/5/2023 13:35

Company presenting at an Investment event on Wednesday. Funds required for what???

[ben gibbens] 18/5/2023 10:26

That's been said before. 4500 times.

[hsfinch] 18/5/2023 08:03

The Quo hit coming to this board soon.

[its top up time] 16/5/2023 14:50

No no, it came off 220 like a boss.

[hsfinch] 16/5/2023 11:13

They're sing the old Status Quo song here too. Down down deeper and down.

[its top up time] 15/5/2023 10:05

Support is 220, mid.

[its top up time] 15/5/2023 10:04

Stupid market can't see what's coming here.

[hsfinch] 15/5/2023 09:52

Heading for 200p as predicted.

[targatarga] 15/5/2023 09:41

Not sure where the support is!

[ashkv] 14/5/2023 17:16

It appears JOG per Euroclear Borrowed Shares (Likely Shorted) for JOG has been going up markedly since the beginning of 2023.

JOG Stocks Borrowed on Average for JAN 2023 4.90%
JOG Stocks Borrowed on Average for FEB 2023 6.52%
JOG Stocks Borrowed on Average for MAR 2023 7.03%
JOG Stocks Borrowed on Average for APR 2023 7.10%