Jersey Oil And Gas Share Discussion Threads

[glenkaz] 16/10/2017 13:15

Well poor ukog!🤡✌;️ Does anything come good on aim?

[7rademark] 16/10/2017 09:39

Buys outweighing sells once again, and similar pattern to most days, down in the morning and up in the afternoon.

the making of a market

[glenkaz] 16/10/2017 06:32

What!! Easwareddy! I don't have multiple names! It's dishonest! Should know me by now mate! 🤡✌A039;

[timw3] 16/10/2017 06:04

whens the placing here rayrac?

[timw3] 15/10/2017 15:17

O/T EME newsflow starts again very soon on their recent discovery and could be pumping gas in to the paying system by the 1st of November.

30p highs to be tested soon imo

[easwarareddy] 14/10/2017 19:07

Glen is bullet ant the patient investor?

[h2owater] 14/10/2017 14:39

hxxps://www.statoil.com/en/news/oil-discovery-verbier-sidetrack-uk.html

Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore.
The preliminary results suggest the discovery could range anywhere between 25 and 130 million barrels of oil.
“This is an encouraging result for Statoil and the UK team. We have proven oil in good quality sands with good reservoir properties, but significant work remains, most likely including appraisal, to clarify the recoverable volumes and to refine this range,” says Jez Averty, senior vice president Exploration in Norway and the UK.
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.
The Verbier main wellbore encountered a water-filled sand and the decision was made to drill a sidetrack to assess the remaining potential up-dip.
“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,” says Jenny Morris, vice president for Exploration in the UK.
“Our aim this summer was to develop Statoil’s UK position through testing three independent prospects ranging in geological risk and with a potential impact on our portfolio. Whilst the results of the other two exploration wells were disappointing, 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,” says Jenny Morris.
Jez AvertyJez Averty, senior vice president Exploration in Norway and the UK.(Photo: Ole Jørgen Bratland)
Portrait - Jenny MorrisJenny Morris, vice president for Exploration in the UK.(Photo: Rebecca Fennell)
VERBIER PARTNERS:
Statoil 70% (operator)
Jersey Oil and Gas 18%
CIECO V&C (UK) Limited 12%
The Mariner Segment 9 well encountered two oil-filled sands in the Heimdal Formation and a thin oil column in the deeper Maureen Formation. A comprehensive suite of data was acquired which will be used to establish the extent of the Heimdal sand bodies, the impact on resources and future drainage strategy for the main Mariner field together with the potential for tie back of additional resources.
Jock Scott was dry and no reservoir section was encountered. All wells were drilled safely and very efficiently, and the drilling program came in below budget.

[glenkaz] 13/10/2017 17:10

🔥🚀

[cyan] 13/10/2017 11:53

Click the link to read Malcy and his positive view;

[7rademark] 13/10/2017 11:42

Buy rec from Malcy today. Check lse pages for the write up.

[7rademark] 13/10/2017 09:25

Someone is confident, £60k plus buy @ 2.94p

[timw3] 13/10/2017 08:22

10 shares max buy on this drop. News next week imo and can see this well above £3 this afternoon

[nasnas1] 13/10/2017 08:02

Added on the bell

[7rademark] 13/10/2017 07:50

LSE board is busy with JOG talk. Speculation of a drilling update as early as Monday.

[glenkaz] 13/10/2017 07:35

Gl holders 🤡✌A039;

[glenkaz] 12/10/2017 23:29

I gree shorting is stealing and most who short lie!!! They deserve their fate!! 🔥😱

[cyan] 12/10/2017 21:40

A reminder of the 18th September RNS with relevant extract;



"Taking into account JOG's carry position in relation to the P.2170 licence, it is currently expected that JOG's net cost liability for this sidetrack will be approximately GBP0.7m, which will be satisfied from the Company's existing cash reserves and forecast receipts. Drilling of the 20/05b-13Z sidetrack exploration well is expected to take between 25 to 35 days and a further announcement will be made in due course as appropriate."

Has there ever been £700K so well spent?

We must remember that we have to pay our way.

[cyan] 12/10/2017 21:31

The large buy we are all talking about is a late reported one; it did not happen today; it was on the 10th and was at the then market price. Anyone with the resources to buy into JOG so large would have thought through the longer term implications. I am making an assumption they did some basic research as to JOG's finances. After viewing JOG's cash position they ought to have recognised that there could very well be a placing to pay JOG's share of future drilling costs.
Remember , JOG were carried for the first drill but had to pay £700,000 as their share of the successful sidetrack costs.
I would be pleasantly surprised if STATOIL gave us a free carry on an appraisal drill; just can not see that happening.

[7rademark] 12/10/2017 21:20

Hi cyan. Yes I think you have been misunderstood here. I'm waiting to make a decision on investing here however from my experience it would make little sense to invest large sums at well above tonight's close to qualify for a possible placing! I believe you have been criticised because earlier you suggested an alternative to a placing. My view is that it's in the companies interest to prove resources before raising cash that may well not be needed for some time. Time will tell but it's good JOG has such a big buyer. Who judging by today's price action probably hasn't finished. All imo.

[cyan] 12/10/2017 21:09

Good evening 7rademark.
I think there is a misunderstanding. Whoever has the resources to invest such a large sum must have the sense to fully appreciate JOG and its financial position. They must have understood that holding JOG would likely entail the opportunity to participate in a placing to advance the project. I am long here and accept we are financially weak but that there is a significant bill to be paid towards our share of further drill costs.
I am up for further investing and have not sold any since the great drill result. I have never shorted in my life and, in fact think it should be against the law.

[glenkaz] 12/10/2017 20:10

I can explain for him!! Shorting 🐷 Hope the c/nt 🔥💀 big 🤡🥃

[ride daice] 12/10/2017 19:23

LEONIDAS12 Oct '17 - 12:26 - 1334 of 1364 1 0

Is looking good to go below 200p. Now 255 to buy.
-------------------------------------------------

LEONIDAS,

Can you please provide an indication of when you expect it to drop to 200p ? At that price I reckon it would be sale of the century given the current MCAP and that fact that we own 18% of the fan.

[7rademark] 12/10/2017 19:05

Hi cyan. Explain ? If your referring to the 118k how can that be a contribution to a placing. It's reported at 350p.