Jersey Oil And Gas Share Discussion Threads

[marvelman] 01/5/2018 12:01

Thanks TS. Not much to worry about with a cashed up company. Annoyed I let this go for so long without a sense check. I have plenty of patience and not short of nerve which has served me and others well over the years...regards.

[mirabeau] 01/5/2018 11:42

Who's the idiot at 2014?....A right igor

filtered

[trulyscrumptious] 01/5/2018 11:38

Well done marvelman, I want a few more as cheap as possible and a lot of people don't have the patience to hold on to them for a few months in advance.
-----------------

'...The four wells will be drilled in a continuous campaign that is expected to start in the third quarter and last for four to five months.'

hxxps://www.statoil.com/en/news/19feb-west-phoenix.html

[ssrover] 01/5/2018 09:46

Oh dear. any sign of delays will not be good for the share price

[marvelman] 01/5/2018 09:38

Well if nothing else I know how to stop a trend....bought in a few days ago at 2.20 and already 5% down...apologies.

[rogerlin] 01/5/2018 09:06

Mention of West Phoenix here (mid April article). Two months repairs, then a drill in Norway another 2 months. Summer might slip into autumn for Verbier.

[rayrac] 30/4/2018 14:06

Can’t help it...I like this company...and HUR of course!

[trulyscrumptious] 27/4/2018 22:01

Great find, it is certainly going to get interesting quite soon.

[mirabeau] 27/4/2018 20:54

Jersey Oil & Gas reveals robust financials and exciting development plans ahead of summer drill (JOG)

by ValueTheMarkets • April 27, 2018


Jersey Oil & Gas (LSE:JOG) rose slightly yesterday after its results revealed a robust financial position ahead of a potentially game-changing summer drill and provided an update on the company’s future expansion plans. Jersey’s shares have recovered well over recent weeks and there is a plenty of speculation they have the potential to move higher. To what extent do yesterday’s numbers underpin this view?

In its results for the year ended 31 December 2017, Jersey reported a profit of £727,000 up from a loss of £793,000 in 2016. Most importantly, as a result of a £24m raise in October, the firm also reported cash at year-end 2017 of just over £25m, up from £1.9m at the beginning of the year. Furthermore, Jersey said it has no debt, administrative expenses of just £1.7m, and that cash made from operating activities (£2m) outstripped cash used to fund investing activities (£1.3m), meaning cash burn is not a critical issue.

This cash balance and lack of liabilities leave Jersey well positioned to fund its P2170 2018 work programme, which it expects to cost between £9m and £11m. Jersey owns an 18pc stake in the P2170 licence in the North Sea alongside Statoil and Cieco. Last year, its share price soared by a remarkable 500pc when a side-track well on P2170’s Verbier discovery revealed an estimated gross recoverable resource of between 25MM and 130MM barrels of oil equivalent. Chiefly, this year’s work will involve an appraisal programme over the summer to determine the potential of Verbier, including the drilling of an appraisal well.

The anticipated remaining cash balance after the appraisal well also gives Jersey plenty of room to begin work on its plans to build a production portfolio via both organic development and acquisitions in line with strengthening oil prices. It already has other exploration opportunities at P2170- the Cortina prospect has mean estimated recoverable resources of up to 123MMboe and the Meribel lead has mean estimated recoverable resources of 13MMboe. The business has also previously said Verbier had given it a better understanding of the ‘prospectivity’ of P2170 leading it to plan further exploration both within and beyond the licence, while also preparing additional wells.

Yesterday, Jersey said it has continued to engage with multiple vendors in connection with the acquisition of producing assets, although it is sensitive about equity dilution in the run-up to the Verbier appraisal. It said some potential transactions have reached very advanced stages of negotiation but have not completed for ‘quite different, deal-related reasons’. It added that its stronger balance sheet is likely to provide vendors with greater confidence in its ability to execute on potential acquisitions and give it the resources to carry out its own studies on prospects.

Andrew Benitz, chief executive of Jersey Oil & Gas, said: ‘2017 has been a significant and exciting year for Jersey Oil and Gas and has been the culmination of years of hard work by the company. Our exploration drilling programme on our highly exciting Verbier prospect in October delivered a stand out discovery in the North Sea which we look forward to appraising this summer. Our successful fundraising in October has meant that the company is well funded for the upcoming work programme on the P2170 licence. The board and I look forward to 2018 from a position of optimism and would like to thank shareholders for their ongoing support and look forward to updating them on further progress.’
Question of value

Following its results, Jersey’s shares rose 1.2pc, or 2.5p, to 210.50p, giving it a market cap of £45.4m. With the results putting the firm’s net current assets at around £25m, the market still seems to be undervaluing the prospects of the organisation’s assets.

To illustrate the point, in February, Jersey said its 18pc stake of Verbier’s notional net present value (NPV10) was worth £31.2m in the low-case scenario, £49.3m in the mid-case and £196.7m in the high case. Things look even better when you add on the business’s cut of the notional NPV10 of Cortina and Meribel. As seen in the chart below, collectively, the three sites are expected to make JOG £83.7m in the low-case scenario, £130.2m in the mid-case, and £400.5m in the high case.

table diagram

Again, these estimates are notional and made using the current Brent strip curve and Jersey’s indicative development and production cost estimates. But, regardless, with a current market cap of just £45m Jersey is looking undervalued by these estimates. When ValueTheMarkets spoke to Benitz last month, he told us it is likely that some investors are sitting on the sidelines ‘waiting patiently’ for the lead up to Jersey’s summer drill before buying, holding back shares:

‘As we get closer to the drilling campaign I would like to think there will be more activity in the shares. We are not trading significantly off the placing price; we are treading water. Personally, I read that as there being happy, patient shareholders waiting for the main catalyst of our story, which is the appraisal well programme.’

At that point, shares were sitting at 186p, below Jersey’s 200p placing price in October and well below the heights of 358p it reached on the day of the Verbier discovery. Shares have since risen and are now clear of the placing price, but Benitz’s points still stand – many people may be waiting to see what happens at the Verbier appraisal before buying into the rest of the company’s estimates. If that’s the case, it could be worth having a punt now before any significant news over the summer.

end

[trulyscrumptious] 27/4/2018 18:39

Thanks Mirabeau.

[evil_doctor_facilier] 27/4/2018 17:25

Well done rsi. You forgot to mention that you tipped these at the start of April and not the start of THIS WEEK.

IMM April 1st 140p now 32p down 75%
iqe April ist 142p now 103p down 35%
wti April 1st 1.3p now 0.18p down 85%

Can you explain to us all how the charts failed you on all the non-oil stocks?
Indeed your only gainers are oil stocks that spike with oil so I am confused how your charts only work with oil shares that enjoyed a spike in poo and not other sectors shares?
I am sure you can explain this.
many thanks, evil.

btw surely your magic charts would have been used to tell everyone to sell IMM at 50p this week rather than seeing it slip back to 32p? After all, I am sure you will agree that an overbought signal is a basic on RSI charting? Or are your charts like your bent figures above selective in seeing into the future?

What a con artist, he does not use the closing price in his figures, he uses the highest OFFER price of the WHOLE WEEK when doing his table? Who else has ever seen this method of performance indicator employed BY ANYONE? what a total con artist!

[robo175] 27/4/2018 17:22

ssrover were not interested in your comments full stop so go and play elsewhere.

[master rsi] 27/4/2018 17:06

Best performing shares ( UPS ) during April


Share
Mid
Highest
% Change
Rank


IMM
23.30
50.00
114.59
1


PMO
66.85
90.35
44.35
2


SQZ
64.00
88.00
37.50
3


ENQ
28.225
38.60
36.76
4


WTI
0.65
0.875
34,62
5


MRS
6.40
8.15
27.34
6


JOG
181
220.50
21.82
7


IQE
118.90
129.00
8.49
8



JOG managed this week to move up from the bottom of my April selection
Tried to stay away from the tread, but the busy neighbours have led their hair down today.
Going on long Holidays on Monday, nice weekend

[trulyscrumptious] 27/4/2018 16:29

Time for the filter button!

[s1zematters] 27/4/2018 15:48

still, have no online quote for 25k? Does anyone else?

LOL what's all this then? i love the one where he promises a 300% gain to "zoom" and "soon" LMFAO!
He sold out after the failed ramp stung him at 10p and disappeared from the share that he promised would treble just days before!
Amazing!! is this ADVFN biggest hypocrite?



ssrover - 06 Mar 2018 - 10:02:32 - 4085 of 4522 MATD RISE OF THE PHOENIX - MATD
no trade to buy. 15p today?>

ssrover - 06 Mar 2018 - 07:27:28 - 4082 of 4522 MATD RISE OF THE PHOENIX - MATD
looking for a breakout past 13p today. next stop 20p

ssrover - 05 Mar 2018 - 13:43:46 - 4065 of 4522 MATD RISE OF THE PHOENIX - MATD
Break 13.25 and this should zoom to 20p in quick order

ssrover - 05 Mar 2018 - 12:52:30 - 4055 of 4522 MATD RISE OF THE PHOENIX - MATD
Looking to break that 12p now. looking for 20-30p short term

ssrover - 05 Mar 2018 - 09:45:53 - 4050 of 4522 MATD RISE OF THE PHOENIX - MATD
breaking recent highs, i see 20p+ here soon

ssrover - 05 Mar 2018 - 09:37:06 - 4049 of 4522 MATD RISE OF THE PHOENIX - MATD
looks like a breakout could happen today

ssrover - 02 Mar 2018 - 16:23:55 - 4024 of 4522 MATD RISE OF THE PHOENIX - MATD
Overhang cleared

ssrover - 02 Mar 2018 - 15:05:37 - 4020 of 4522 MATD RISE OF THE PHOENIX - MATD
11p about to go. 12p close then onto 15p next week

ssrover - 02 Mar 2018 - 14:35:59 - 4015 of 4522 MATD RISE OF THE PHOENIX - MATD
Nicola Duke first Target 20.16p
Now that we have had that drop to 10p earlier today, now looking forward to Nicola Dukes next Price targets which is what she predicted as per her TA.

(1) 20.16p
(2) 30p

[s1zematters] 27/4/2018 15:47

when do you buy shares when they are in downtrends?

on reflection with your suspended shares and losers, actually, silly question that dave forgive my ignorance!

[ssrover] 27/4/2018 15:45

see what i mean from this pump and dumper merchant.

Apparently a share holder for 5 months yet wants to buy more shares now


lolol

[s1zematters] 27/4/2018 15:43

can not get an online quote for my chosen amount.Is anyone else negotiated trade for 25?

to be a pump and dumper you would have to tell people to buy shares, can you show me just one post of this i have made on jog?

[s1zematters] 27/4/2018 15:39

it must be really painful to see others be so successful Dave when you have shares suspended all over aim and are sitting on losing share punts.

Don't hate, let it all go, just be happy for Mr Sizemasters, at least he is taking some of your cash back from Mr MM.
After all Mrs S1zemasters has a taste for expensive bags, surely you would rather she have your cash than Tarquin from cantor to blow on coke and hookers/

[s1zematters] 27/4/2018 15:35

NO commercial oil!! LOL's

little tiny Statoil would beg to differ, they said in their report to shareholders it held AT LEAST 25 million barrels of recoverable oil and the appraisal was to find the exact size, not commerciality!

dave your are so funny!

Desperate but funny!

[marvelman] 27/4/2018 15:34

Blimey..tried to buy some more but broker won't even let me have another 500 let alone the 4000 I was after and I don't like negotiated trades