Jersey Oil And Gas Share Discussion Threads

[paleje] 20/10/2017 14:35

Didn't say it was oversubscribed unless I missed it so enthusiasm not massive, might be some selling into a small but easy profit imo.

[rayrac] 20/10/2017 13:02

And you are a liar and a cheat!

[dlm2602] 20/10/2017 12:38

Not sure it does. Mkt Cap at 220p today = £22m. Add the new funds of £25m = £47m
Multiply this by 5 gives £235m mcap

[thegreatgeraldo] 20/10/2017 11:11

5x the current share price gives a m/cap of around £450 mill after accounting for the placing & offer...hmmmmmm.......

[cudmore] 20/10/2017 10:57

Mmmm.....bid and offer the same price!!!

[cudmore] 20/10/2017 10:56

Malcy predicting x 5 the current share price Sitting tight here awaiting further news then.

[cyan] 20/10/2017 10:30

Whatever way the field prospects are spun , I think the odds are now on for decent money to be made from the field.

If you do NOT believe the oil will be extracted commercially; there's the door; sell.

On field costs here is a comparison; RKH.
They have a field off the Falklands about twice as large as our upper estimate. Life time break-even there is $45.
Expected FID by PMO in H2 2018 if POO remains North of $55.

[bones698] 20/10/2017 10:04

Cyan you pretty much created your own problem with that statement though . They are using the 130m boo figure . They are a ling way off proving anything like that amount and again I doubt that anything like that will be recoverable which will greatly increase the cost and ultimately the commerciality of.the field . So let's say 50m the cost shoots upto $50 a barrel . Not exactly much profit given the risks involved there .
At 25m boo then it's simply not commercial at all given oil prices .

Long wait here now to do more drilling and see if there is any point carrying on . Won't waste my time posting much as the idiots on here haven't got a clue and think this is a good investment . Clearly it's still.a.gamble

[cyan] 20/10/2017 09:50

Expected news on the placing. The particular line that I liked was this one;

"The Company's management estimates that, in the upside case of 130 MMboe, lifecycle cost per barrel would be approximately GBP22/boe (utilising current market rates) for Verbier."

I previously played with life cycle costs of $45 and came up with some pretty large returns for JOG , if all goes to plan.

The effect on the profit margin of life cycle costs being as low as $22 is dramatic.

I note unfavourable comparisons with ATHENA which was undoubtedly a disappointment much undone by the collapse in POO. ATHENA failed because the costs per barrel were way North of $60 per barrel. Ok at $100; they were coining it in; disastrous at $40.
We are looking at something potentially very much more profitable.
Nothing is certain in this world but to have STATOIL as a partner announcing decent minimum recoverable volumes does reassure ME.

[bones698] 20/10/2017 09:34

Troll let's wait and see shall we . Another desperate fool easily parted with his money .
Oil discovery but yet to be proven commercial fool

[trulyscrumptious] 20/10/2017 09:25

What is it you do not understand about these two words, OIL DISCOVERY? Here's another of your inane rantings in case you forgot it in the pile of rubbish you write:

bones698 - 28 Sep 2017 - 17:20:55 - 715 of 1445 Jersey Oil and Gas - a new trap ? - JOG
Wow this is where the numptiesbreside reside is it Lmao. This is worth 20p max and is basically a cash shell now with under 2m in the bank . Grossly overvalued and will continue to fall to that level. They keep saying they are looking to acquire producing assets but don't have the money to buy anything noteworthy . In fact with the cash thy have left a few barrels of oil is about their limit . Disaster of a company which continues to deliver failure . When will you mugs learn

[bones698] 20/10/2017 09:24

Trap raised 40m and look where they ended up. Jut another 20m this time so let's see how long this lasts lmao

[trulyscrumptious] 20/10/2017 09:22

Here's one of your recent pearls of wisdom, early 20's hahahahahahaha:


bones698 - 06 Oct 2017 - 15:51:48 - 729 of 1444 Jersey Oil and Gas - a new trap ? - JOG
Georgepie well they didn't do so well in the first drill did they you tit. So yes I'm happy with my knowledge of the area and it's risks . If I were holding I would be very worried as the share price has been falling more and more whilst this drill has been going on and it's likely failure will see trap drop another 65% or more to where this share should be in the early twenties .

[trulyscrumptious] 20/10/2017 09:17

bones698. Of course you have your doubts, you have been negative from day one when you insisted they would not discover oil, remember?
Oh, you have a short to close!!! Loser.
Be a good little boy and push off please.

[bones698] 20/10/2017 09:15

Cash I suspect 1 tbh. They Will either way have to further drills to.see.what is there and find out if its worth continuing or not. I'm still intrigued by the statement that they are saying 25m recoverable without an extended flow test . Given the areas history of compartmentalized structures and being familiar with the history of several fields which failed to deliver because of this amongst other issues I remain very sceptical on this find . That and th first well missed completely shows this isn't exactly going to plan already and highlights the risk . What price jog if the field isn't commercial ? Paying their way on future wells won't be cheap either and will quickly burn into the cash raised . I don't recall the well cost but say 20m . That's around 4m per well to jog . Still happy not to hold.

[cashandcard] 20/10/2017 09:09

I suspect one of 2 possibilities re. this JOG fundraise;



1) They are waiting for the nod from Statoil, but have decided to capitalise on a shareprice while its still above 200p (it has been falling since the discovery announcement peak of 400p).

2) JOG are raising funds having 'received' the nod from Statoil on an appraisal/exploration campaign.


If its number 2, I suspect we may not have much longer to wait.



Cash

[bones698] 20/10/2017 09:00

Rogerlin yup which makes me wonder.how they can state how.much they think is recoverable already like it's a fact . I really don't trust this outfit and funny how they know.there is at least 25m boo recoverable without prolonged well testing . Then they raise money whilst the shareprice has.recovered.on that statement . Hmmm smells fishy to me.