Jersey Oil And Gas Share Discussion Threads

[s1zematters] 01/3/2018 11:05

Obviously it's new news, how many times have companies said they are planning to drill and then it gets postponed or canceled. Petro madid springs to mind last year after postponing a previously announced drilling schedule.
This news confirms the drilling will actually take place, i would say a significant step forward.
Obviously the drilling is not until the summer so the price will not really motor til then but JOG is imho one of the most undervalued oil and companies on the market, 18% of an existing world class discovery with world class statoil and a fully funded chance for many more.

[ssrover] 01/3/2018 10:35

either way i see its getting a good pump on LSE on the back of known news.

No doubt the seller will kick it back down

[babbler] 01/3/2018 10:33

I was answering the question as to wasn't this known. I meant now we have it in writing officially via RNs

[ssrover] 01/3/2018 10:31

theres nothing new in that rns. jeez

[rayrac] 01/3/2018 10:28

What in writing ffs! Get wise to the fact, that they are extremely keen to drill for even higher volumes!

But saying that..I’m fully loaded here and elsewhere, so can’t buy more anyway. :((

[babbler] 01/3/2018 10:24

Yes... But until in writing.... Anyway can't buy never mind.

[ssrover] 01/3/2018 10:21

HUGE news? it was expected

[master rsi] 28/2/2018 11:01

Some recovery on the oil price after yesterday's late drop

the shares are also on the up

[cf456] 26/2/2018 12:46

In Malcy's bucket list for 2018:

"Best performers since last February have done very well however but the winner was Jersey Oil & Gas + 34%,who had a roller coaster ride during the summer in which time they had a dry hole swiftly followed by a successful sidetrack at its Verbier prospect in the North Sea. JOG retains its spot as it is rolling the dice again this year as Statoil plan to drill an appraisal well which should take reserves expectations to the top end of the current range. Should that happen I would expect a step change in its valuation which is not storing much value at the moment."

[rayrac] 21/2/2018 22:18

Still patiently waiting....

[ssrover] 19/2/2018 11:36

there is a seller here for sure. MATD seems a better bet short term. 20-30p- Seems likely short term at MATD given the prospect there and how long its taken to get to this HUGE spud

[hiddendepths] 13/2/2018 15:56

Looks like an institution dumping to me - every day as well.

[ayesha4] 05/2/2018 14:26

Institutions adding.PIs dumping.sp falling. Only a matter of time before this delivers massive returns.

[boystown] 03/2/2018 14:39

It's an encouraging view from the presentation. I was just re-reading an article from October which had this to say following the Verbier sidetrack discovery but before the placing...

--

Broker WH Ireland said the fact this is the only truly meaningful development for Jersey since initiating coverage in January, suggests "the market dynamics have created an extraordinary buying opportunity". It slapped a 441p target price on the stock.

Investors took the hint and Jersey shares surged as much as 435% to over 300p. Jersey's still trading well below the record high reached in April after drilling of the well was announced.

A setback occurred last month when the drill failed and JOG said it did not expect a sidetrack to be forthcoming and that the well would likely be plugged and abandoned. Alongside this, another of its interested prospects encountered no hydrocarbons and was abandoned.

That had a "preponderantly negative effect on the share price", WH Ireland's Brendan Long points out with the stock initially plunging two-thirds to 75p from 220p the day before. Today's news supersedes that failure, in Long's view.

It's a big turn of events for Jersey and, while many investors will still be nursing paper losses had they bought above £3, things are starting to look up. Now, it's "a strong-conviction buy" for Long. That's "due to an attractive valuation for buyers today combined with the company's positive value creation trajectory".

His price target, which implies further upside of almost 50%, is based on the mid-point of the potential find, 77.5 million barrels of oil, which results in a 588p valuation. "However, to reflect the early stage of the analysis we have included only half of that value in our TP," explains Long.

He further adds 141p for the Cortina prospects, "reflecting circa 15% of the best estimate success-case valuation based on our assumptions".

Long hopes his estimates are conservative, meaning there could be plenty more gains to come. That said, it's bound to be a rocky road and he admits it will take time for the market to fully recognise the materiality of the discovery.

-------

My own conservative estimate of value was c.£5 per share as explained in post 935 above - again pre-placing -in which I partook. My plan now, FWIW, is to sell half if and when we reach £4, but also to buy more if we hit 180p (albeit highly unlikely but you never know!) before we get any further real news in the summer.

[gersemi] 01/2/2018 18:11

RNS - Schroders added to their holding

[master rsi] 01/2/2018 16:54

JOG - Jersey Oil and Gas
OIL Capital Conference - 1 February 2018

[rayrac] 01/2/2018 13:07

Only because I paid less earlier.

[master rsi] 01/2/2018 13:01

Buyers are back and already paying over offer price

as I type is already moving up again

[rayrac] 01/2/2018 12:57

Glad it wasn’t me!

[master rsi] 01/2/2018 12:35

and another one paying 4p extra 224p for 10K when 220p offer

got the 220 v 220p at level 2
but WINS bought 1.5K from the MM to get the offer up to 224p, now 225p and rising

day chart going stratospheric

[master rsi] 01/2/2018 12:29

Someone paid well up 219p on 217p offer
But is was a very large trade 14K well over the 1.5K market size
got WINS moving into bid 215p now

12:25:07
219p
14,000

[basem1] 01/2/2018 12:20

You know what it's like once it starts moving, the market was keen to accept stock yesterday so today became a bit of a no brainer. We could see 250p by tomorrow night.

[master rsi] 01/2/2018 12:19

215p +12.50p

The talk of an Oil conference going on now about Statoil and JOG, has got the share moving well ahead.