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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Jersey Oil&gas Share Chat (JOG)



Share Price: 61.00Bid: 60.00Ask: 62.00Change: -1.00 (-1.61%)Faller - Jersey Oil&gas
Spread: 2.00Spread as %: 3.33%Open: 62.00High: 62.00Low: 61.00Yesterday’s Close: 62.00


Share Discussion for Jersey Oil&gas


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LONGWAIT
Posts: 2,860
Opinion:No Opinion
Price:62.00
RE: J2
Sat 20:59
To put it another way: the very thing that causes me to think that the shares are so undervalued causes others to think that there must be something seriously wrong with the company.
 
LONGWAIT
Posts: 2,860
Opinion:No Opinion
Price:62.00
RE: J2
Sat 20:54
I mean that I think the shares are very undervalued, but many posters think otherwise because of the collapsed share price.
Abatt1
Posts: 232
Opinion:No Opinion
Price:62.00
RE: J2
Sat 18:57
Long, I couldn’t quite work out you’re confident or otherwise :)? What’s your view?
LONGWAIT
Posts: 2,860
Opinion:No Opinion
Price:62.00
RE: J2
Sat 17:17
Looks as though the shares are extremely undervalued, but many posters are guided by the share price rather than by the prospects.
bullson
Posts: 129
Opinion:No Opinion
Price:62.00
RE: J2
Sat 12:21
No worries...happened to me as well first time. Had to download the document first before I could open it, it didn't work directly.
Abatt1
Posts: 232
Opinion:No Opinion
Price:62.00
RE: J2
Sat 11:48
Thank you bullson, another amazing post. Link not working though?
bullson
Posts: 129
Opinion:No Opinion
Price:62.00
RE: J2
Sat 02:58
Abatt1-The J2 discovery (14-43 million barrels recoverable) has been very well drilled, reserached and even successfully flow tested by Repsol Sinopec that made the discovery. From their drill tests and log books we know the geology, depth, location etc. If you look at the maps I have mentioned in my previous post (http://www.rns-pdf.londonstockexchange.com/rns/4835Z_1-2019-5-19.pdf) you can see how Verbier and J2 overlap with our sidetrack (13Z) well and the 10y well sitting literally in the middle of it all. As far as I understand the context so far its not proven that they are connected but extremely likely due to the info mentioned. From that we can calculate that Verbier (so far a minimum 25 million barrels recoverable) and J2 (14-43) together are 39-68 million barrels. If the 3D seismic however allows Equinor and partners to increase the Volume of Verbier to say 25-50 mill.barrels then we would be already between 39-93 million barrels without any further drills...which should be enough for a standalone development (estimates vary that we need between 60-80 million barrels for that) but definitely enough for a commercial tieback to a Greater Buchan Area hub in the future. Of course that does not yet include Verbier North nor Verbier deep nor Cortina nor Meribel!
This is how I understand the statements from Repsol Sinopec, JOG and OGA. DYOR.
Hope this helps.
Abatt1
Posts: 232
Opinion:No Opinion
Price:62.00
J2
Fri 20:34
Reading posts on the other board they mentioned J2 being connected or part of verbier.. can anyone please explain if you know?
dickupham
Posts: 1,244
Opinion:No Opinion
Price:62.00
RE: 50s
Fri 16:52
I think it might rain next week. Then again we might get some sunshine.
ajax62
Posts: 6,986
Opinion:No Opinion
Price:62.00
RE: 50s
Fri 16:16
Probably will around 57p and then it will bounce again up at 75p

It's just the way it is until news arrives up and down like the majority of Aim Stocks
noggers
Posts: 1,430
Opinion:No Opinion
Price:62.00
50s
Fri 14:52
Soon be in the 50s, could do with some good news asp.
Abatt1
Posts: 232
Opinion:No Opinion
Price:62.00
RE: More
Fri 13:57
Bullson thank you for your wise words. We live in hope :) I know there are so many parameters (am I using the right word?).
Someone suggests I ring up Mr B and introduce myself :) and I now pass the ball to you :))))
I’m glad the atmosphere on the forum is calmer these days.
I should have waited today to top up but that’s fine, you can never buy at the lowest and sell at the highest.
Have a great weekend. Enjoy the cricket. Great Dad’s Day if you’re a dad.
bullson
Posts: 129
Opinion:No Opinion
Price:63.50
RE: More
Fri 09:03
Abatt1-I like many others am in the same boat like you and yes its been a very tough two months but it is good to show loyalty to the management as they certainly suffered as well and didn't have an enjoyable time. We know there are many more partners in this game than Management and shareholders of JOG which will have a massive influence on the outcome. Equinor as operator, Cieco as junior partner and the OGA as the most important government body for us will make the decisions and we can only hope they are good ones. What keeps me calm (well as far as that is possible), and I don't know if that helps you as well, is sticking to the facts and looking at 2 maps: The Greater Buchan Area map of the OGA and their statement about it plus JOGs map of discovery and prospects across our 2 blocks. Looking at them and adding up the volumes of existing discoveries plus prospects is what counts not just to me as a shareholder but also all partners as we all want to make money and these maps and volumes scream commercially viable especially with a hub development across companies in the Greater Buchan Area.
We will know more in the next few months!
Good luck all holders.
Abatt1
Posts: 232
Opinion:No Opinion
Price:63.50
More
Thu 17:32
Looks like I was the biggest buyer today. So Mr B if you’re reading and I’m sure you are, please know that as frustrated as it was over the last two months, I have not sold one single share, and you now stand heavily in my portfolio. Still have faith in the company. Please please please don’t let me/us down.
Good luck to all ltholders.
noggers
Posts: 1,430
Opinion:No Opinion
Price:63.50
Down
Thu 14:03
Slowly creeping back down every day.
dickupham
Posts: 1,244
Opinion:No Opinion
Price:65.50
Ajax
Wed 23:25
No - different Eco. I didn't mean to write "ECO", which was confusing - apologies.

I've added 4 times here this week (all mid-60s), I sold down one of my other holdings where I've lost confidence in the CEO. But I put a lot more into SQZ than JOG. The former looks a much safer bet and still looks undervalued to me given the net cash it is now generating.

We've all been badly hit in JOG and need to understand more about what went wrong and why. Also about JOG's longer term strategy - in fact what it actually is. Words are easy - actions less so. I've lost sight of what's likely to be going on, although I remain hopeful a regular and positive newsflow during the remainder of this year will support a material increase in JOG's SP. Shareholders deserve a bit more clarity.

Hope the ECO Guyana drill comes up trumps for you.

Skeggy (1st class) here we come? Hope so anyway :-)
LONGWAIT
Posts: 2,860
Opinion:No Opinion
Price:65.50
RE: share values
Wed 22:31
I agree with you and Neil Woodford entirely, but it is the activities of the shorters that both inflict heavy paper losses on us and also provide us with wonderful opportunities to buy undervalued stocks (assuming we have any cash left).

The lesson is that one needs to be very patient on AIM and wait until there is blood on the streets before starting to accumulate.
ajax62
Posts: 6,986
Opinion:No Opinion
Price:65.50
RE: dickupham
Wed 16:30
Evening Dick.....I thought for a minute you were referring too ECO Atlantic the oil company ?
Took a punt in that one 3 months ago and drilling underway shortly in Guyana....LOL

It was my last investment in my portfolio apart from my last top up in here @ 74.6

Thinking of adding once more in JOG but it will be my last top up.
Famous last words

GL
dickupham
Posts: 1,244
Opinion:No Opinion
Price:65.50
RE: dickupham
Wed 16:18
https://www.eco-equity.com/

We were having a dopey conversation about ECO raising funds. I wouldn't put money into the pot but that's not to say others wouldn't or even shouldn't. I didn't say it was a scam - the directors seem to have decent backgrounds and may well be entirely genuine. It just wouldn't be for me for the reasons stated.
dickupham
Posts: 1,244
Opinion:No Opinion
Price:65.50
RE: share values
Wed 15:07
typo: "I prosecution in its first 9 years".............

.....for interest, that prosecution followed 18 months work involving 157 employees of the FSA. The alleged offence involved collusion and insider dealing by 2 or 3 firms of Midlands based brokers and the illicit gains were of the order of £6m.

Value for money. The other 2,843 FSA employees were checking the colour of the wires in imported fridges or on maternity/paternity/adoption and surrogacy leave.

Note the 21 pages dedicated to the above. I have, however, found a glaring error. There is nothing about hermaphrodite leave.

Nowhere in the handbook is it suggested employees be any good at what they're supposed to do, possibly because they're not supposed to know. I have yet to come across one who even understands what the FCA is supposed to be responsible for, always initially trying to redirect complaints to the LSE. "Waste of space" is far too generous a description of the shower.

Read it and weep: https://www.fca.org.uk/publication/corporate/fca-employee-handbook.pdf
dickupham
Posts: 1,244
Opinion:No Opinion
Price:65.50
share values
Wed 14:43
Interesting comment from Neil Woodford in his letter to investors yesterday:
"In my view, every position within the portfolio will continue to be united by one thing: under-valuation. Every asset in
the portfolio has a fundamental value that significantly exceeds its share price. In some cases, in my judgement, the
gap between value and price is as wide as I have ever seen in more than 30 years of public equity market investing".

I'm not saying I feel sorry for him - I don't, having worked out on the back of an envelope a while back that he must be raking in something like £50m pa for his so-called 'expertise'.

What his comments do reflect, however, is what a few have been saying for years - which is that shorting should be banned; made illegal: criminalised - call it what you like and dress it up however you want. Lending and shorting however, are supported by the UK Govt and endorsed by regulators (now largely public sector bodies).

Why should anyone be allowed to sell (or do anything else with) shares they don't own? Selling requires no outlay of funds (except 'lending fees' that are usually quickly recovered) and it can fundamentally affect a company's share price. It is now done with such frequency and in such volume as to fundamentally affect market sentiment, permanently suppress many targeted companies' share prices by instilling fear and it can cause (often intended) panic selling that causes catastrophic damage to any company's share price and long term prospects. Perpetrators used to leave AIM alone but not anymore. The smaller the co, the bigger the % gains - who knows who does the lending; everyone denies it's them. The most likely culprits imv are internet brokers with millions of different shares held on trust in nominee accounts. Crooks and fraudsters (those who do it)

The Treasury can't touch investors' wealth while it's in their hands, much of it under tax wrappers in pension funds. Allow stock lending and it doesn't stay with them for long - hedge funds and investment banks fill their boots. They DO pay tax. On their UK operations and so do their indecently rewarded employees and managers - at higher rates too. When you consider that "The City" provides the UK Govt with about a third of all corporate and income taxes, which chancellor is ever going to turn taps off and suggest the level and quality of regulation is improved, resulting in less money into Govt's coffers? Let's abandon all existing regulatory procedures and put everything under the control of the FSA - a collection of lazy, useless people who if they were any good would be on the other side of the fence making some real money. It's what happened in 2000. I prosecution in it's first 9 years. 10k a year by the SEC.

No surprise JOG is valued at less than cash. JOG and plenty of other small cos. Fewer and fewer people are prepared to put their savings onto a table to be picked off at will by thieves, with our Govt's blessing.

Rant over (for now)
Abatt1
Posts: 232
Opinion:No Opinion
Price:65.50
RE: dickupham
Wed 14:14
Gb and dick, I’m lost? What you guys up to?
graybird
Posts: 1,983
Opinion:No Opinion
Price:65.50
dickupham
Wed 12:50
thanks i thought it scam, but i invested years ago in canopy and donr well good, they say Africa is letting firms grow weed , its a big market
dickupham
Posts: 1,244
Opinion:No Opinion
Price:65.50
GB
Tue 23:47
It has nothing to do with maths. If it's the real deal why not list the shares on a public exchange and raise the funds needed in the usual way? Who would want to buy a minority interest in a private company with no visible way to sell them at a fair price at any time in the future?

Have I got the right company?

I don't doubt the founders/directors will do ok - in the meantime they probably prefer not to risk their own money

I haven't looked at any numbers because I can't find any.

GL - oil explorers are risky enough for me...........
graybird
Posts: 1,983
Opinion:No Opinion
Price:65.50
dickupham
Tue 22:28
look this up. 10p 1st round of funding, you can do maths is it a real deal ??Eco Equity Limited




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