Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta



Register
Login:
Share:
Email Facebook Twitter


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


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

YinYang
Posts: 699
Opinion:No Opinion
Price:61.50
RE: One other thought
20 May '19
Richard Griffiths bought 1.5 million I guess around the 70p mark on 17th April or 6.87%. They have to catch up.
 
noix
Posts: 252
Opinion:No Opinion
Price:61.50
RE: Final Results
20 May '19
It's actually part of their stated strategy in both Norwegian and UK waters to tie small discoveries into existing nearby infrastructure. Rangfrid North was much smaller than Verbier:
https://www.equinor.com/en/news/2019-01-16-ragnfrid-north.html
graybird
Posts: 1,983
Opinion:No Opinion
Price:61.50
yinyan
20 May '19
e,q being fully committed does not mean e,q will go into production ?
noix
Posts: 252
Opinion:No Opinion
Price:61.50
One other thought
20 May '19
With the release of the finals, the directors can now purchase shares. If they wish to, of course :)
graybird
Posts: 1,983
Opinion:No Opinion
Price:61.50
noix
20 May '19
yes you right, but i cant ee jogs sp going back to 200p plus now its to much costs and time frame for jog to tag along,
YinYang
Posts: 699
Opinion:No Opinion
Price:61.50
RE: Final Results
20 May '19
noix, if you remember some posts mentioned that Eqiunor wouldn't be interested in 25 million barrels (not me), so this just confirms they were wrong. Don´t expect they will mention it again.
noix
Posts: 252
Opinion:No Opinion
Price:61.50
RE: Final Results
20 May '19
With respect, Equinor were never going to walk away from a minimum discovery of 25 million barrels and the potential of the rest of the P2170 licence and what else may be in the pipeline.There are two licencing rounds currently underway.
People should start looking at the Buchan area as a jigsaw and the OGA's stated aim is to bring the pieces of the jigsaw together. There are small discoveries throughout the area and the creation of the GBA hub will make even the smallest of these discoveries economically viable. The OGA is the partner in our consortium that is often overlooked. Their raison d'etre is to extract as much oil and gas from UK waters as is possible, hence their MER project - Maximise Economic Recovery. Jenny Morris, the Equinor head of exploration in the UK, is a member of the MER taskforce. They are totally committed to our project and to this area of the UKCS.
graybird
Posts: 1,983
Opinion:No Opinion
Price:61.50
dam
20 May '19
lol was waiting for 55p to top up with 4000 shares lol
Tommy393
Posts: 23
Opinion:No Opinion
Price:61.50
GB
20 May '19
Stop talking rubbish , people warned me about you , I’ve just realised what goes on in that stupid little brain of yours !
graybird
Posts: 1,983
Opinion:No Opinion
Price:61.50
tommy
20 May '19
sweetshop, words dickupham said, you just gave it away , im reporting you to lse , dick, what is so great about r n s please tell
Tommy393
Posts: 23
Opinion:No Opinion
Price:61.00
RNS
20 May '19
A great RNS which will no doubt reassure investors , put their minds at ease !
GB stop posting rubbish , your like a 5 year old school kid fighting in a sweet shop !!
graybird
Posts: 1,983
Opinion:No Opinion
Price:57.50
r n s
20 May '19
value for shareholders , thats a joke , only counts if you got jog sub 20p not 200p placing
YinYang
Posts: 699
Opinion:No Opinion
Price:57.50
Final Results
20 May '19
Lots of information to read.
£19.2 million in cash at end of 2018 and ** The Verbier appraisal well, which comprised the majority of this estimated capex, was drilled ahead of schedule and under budget and therefore our capex guidance for 2019 has been reduced to a range of £6 million to £7 million. JOG therefore remains in a well-funded position.** That means the share is trading below cash for now.
Also, this puts any doubts about Equinor not contiuning at the Verbier discovery.
***
Equinor, as the operator of the P2170 licence, remains committed to the project and has confirmed to the co-venturers that it will complete the already planned full re-evaluation of the licence area, combining the recent appraisal well results and data collected during operations with the fully processed new 3D broadband seismic data, in order to better understand the reservoir distribution of the primary target. The evaluation will also include an assessment of additional prospectivity in the deeper targets and the other previously identified exploration opportunities, including Cortina, before a decision is made by the co-venturers on potential future appraisal and exploration programmes. Additionally, it is anticipated that plans for an area hub development will be catalysed by licence awards in the OGA's 31st Supplementary Licencing Round and that this will enhance the commercial viability of our Verbier oil discovery.
noix
Posts: 252
Opinion:No Opinion
Price:57.50
The bears will be running for the
20 May '19
hills:)
I must admit I believed the cash position would be lower at circa £10 million after the appraisal well costs, so I'm absolutely delighted to have been wrong.
68p a share in cash, 55p a share in tax losses and when developed (accepting it has to be financed) but at current oil prices the bare minimum of 25 million barrels for Verbier is £5.50 a share, if patience is your strong suit. No wonder RG fancied a dabble:) The 31st SLR is also very significant with the proximity of the 10y discovery as a part of Verbier. The Repsol/Sinopec licence expired in 2018 and the discovery is up for grabs. If the consortium get awarded the area as part of the 31st SLR, thats another 14 million barrels minimum to potentially add to the figures.
http://www.rns-pdf.londonstockexchange.com/rns/4835Z_1-2019-5-19.pdf
graybird
Posts: 1,983
Opinion:No Opinion
Price:57.50
ryanair
20 May '19
get in,i said ages ago, bust , looks like ill shut my short on them now lol,
noggers
Posts: 1,430
Opinion:No Opinion
Price:57.50
RE: final are out
20 May '19
Could help the share price a bit, fingers crossed.
graybird
Posts: 1,983
Opinion:No Opinion
Price:57.50
dickupham
20 May '19
dickupham why lol reading Shakespeare or The Bible, for instance?
really what good is that, i mean the bible biggest scam out , but u need get out more , as for r n s whats new looks like jog are going to be doing more of the same for next 2 years
bullson
Posts: 129
Opinion:No Opinion
Price:57.50
RE: final are out
20 May '19
A good summary RNS. Most of the information was already know but I think it reflects the situation very well. For me the immediate future and the cash position is viable and that looks good to me.
From the RNS
 Strong Cash Position: Ended 2018 with £19.8 million of which approximately £4-5 million will be utilised through H1 2019, principally to settle our share of the Verbier appraisal well costs.
mikebassetts
Posts: 3,018
Opinion:No Opinion
Price:57.50
final are out
20 May '19
Andrew Benitz, CEO of Jersey Oil & Gas, commented:

"JOG continues to benefit from our initial Verbier oil discovery announced in 2017, notwithstanding the recent appraisal well results. We look forward to delivery of the new 3D seismic data and working with our co-venturers on assessing potential future appraisal and exploration drilling opportunities on the licence area. Additionally, we are excited by the potential for a new area hub catalysed by the 31st Supplementary Offshore Licensing Round and the positive impact we believe this will have for Verbier.

"The Company benefits from a strong funding position and we are optimistic that we can create value for shareholders through our core asset base, with multiple catalysts that exist for the Company through the remainder of 2019."
------------------

trading below cash and nothing priced for the assets but need positives to move this back up.
dickupham
Posts: 1,244
Opinion:No Opinion
Price:57.50
RE: Fairdealer
20 May '19
Correction:

Has that investor 'lost':
A. About £400K
or
B. Nothing ?

You say B.

I'll go celebrate............
dickupham
Posts: 1,244
Opinion:No Opinion
Price:57.50
RE: Fairdealer
20 May '19
You still haven't answered the reasonable questions I have asked you several times, FD. Let me answer them for you:

1. What qualifies you to know how an oilco like JOG should operate? Answer: Nothing
2. Which "small oilers does RG have experience of". Answer: I can find references to Regal Petroleum (https://www.telegraph.co.uk/finance/2924522/Founder-steps-down-from-embattled-Evolution.html) and Plectrum Petroleum via Ora Capital Partners (sold to Cairn Energy in 2007) but nothing apart from these two. I am not saying there weren't others - perhaps you can list them?
3 What skills does RG have that the present BoD are missing? Answer: None that are obvious
4 is Sergei Skripal an Englishman? Answer according to you: "Yes, because he lives in England. I say:"Don't be so silly" - he will always be Russian wherever he happens to live. Just as Richard Griffiths will always be Welsh, despite the fact he is a rich immigrant who is said to live in Jersey (which is: "a place where Financiers/Entrepreneurs know each other. Whether they like each other is another question, where money is concerned it does talk. Knowing this it would have been highly unusual for an Investor, with clout, (not) too (sic) pop around the corner to get the low down". What utter twaddle.

Please answer the simple question below: I will use illustrative numbers:
An investor in JOG has a holding of 250k shares which the day before a RNS announcement of a failed appraisal drill is worth about £600k. On the day of the announcement the value of that investor's holding falls to about £200k.

Has that investor 'lost':
A. About £400K
or
B. Nothing ?

You say A.

Most people would question your sanity.

GB is right in saying that no-one has made or lost anything until they have sold their shares (I took this as read). I might have profited (proceeds vs cost) when I sold the JOG shares I did in 2017, but it's history. It doesn't change the fact my net worth declined by the (paper) loss I suffered when news of the failed drill was announced last month. What anyone paid for shares in the past is relevant only in a tax context and as a measurement of investment performance. The only thing that counts is what one's shares are worth today and what they might be worth in the future.

I have truthfully stated what I did for a living, which I believe qualifies me to have opinions that are more valid than some others on here. I have posted on this and another forum as 'eagle51' and 'DU' for more than 12 years. Many people I know (some are investors in JOG) tell me they read my posts. Why would I make false statements that reflect badly on me?

In summary, I have backed JOG's directors to achieve what's possible with a limited set of assets. So far they have performed well. They don't need shaking up. And no-one needs your facile take on matters that are beyond your comprehension and experience, even if you like to pretend "you know these things".

You don't.

dyor
fairdealer20
Posts: 2,397
Opinion:No Opinion
Price:57.50
RE: Fairdealer
19 May '19
Dick what convoluted bunkum. Now a profit is really a Loss. In an Ordinary Shareholders mind, a profit is a profit and a loss is a Loss. Stop reading the ACME guide to Creative Accountancy, it corrupts rational thinking.

Trying to disguise an admitted profit into a Loss is leaving you with egg on your face. Best to leave alone as suggested some days ago
.
Free shares are free shares and incapable of showing a loss.

Admit it, you have slipped up
.
How many beans make 5?

As a diversion and for the benefit of readers, the following is NOT a reflection on JOG but an observation on the nature of posters who use these boards.

There was a guy(gillpat) over on Carillion 18 months ago, he claimed to be a Retired Merchant Banker. He bamboozled and mesmerised posters with his perceived knowledge of Corporate Structures, Share Investing etc.He came up with all sorts of complex formulas and Corporate scenarios which many could not understand but were impressed He disappeared 1 day before Carillion went under.

The moral being, no one knows who they are talking too on these boards. Read by all means but ALWAYS do your own research.
dickupham
Posts: 1,244
Opinion:No Opinion
Price:57.50
RE: dickupham
19 May '19
GB - if you're going to quote people, you should do so accurately. As an aside, I find it a bit sad that you should spend so much time looking back through my posts (36 pages of them) trying to find something you can use to present me in a bad light. Why not use your time more productively by reading Shakespeare or The Bible, for instance?

In the 2 posts you refer to, in one I pointed out to someone who had twice publicly labelled me "a serial wife-beater" that people who make libelous statements on a public forum can't hide behind their chat-room anonymity and in the other I gave an opinion on the worth of your contributions (which I am perfectly entitled to do) and how I found you at the time.

I must have been more charitable back then :-)
graybird
Posts: 1,983
Opinion:No Opinion
Price:57.50
dickupham
19 May '19
been looking at your old p;osts, u not a nice person, looks like you fall out with any one that dont agree with you, lol, you tell people you got a layer who can make lse give details, well seems you dont no law well, his a dec 17 post from you to me/You won't cut any slack from me, graybird - I find you repulsive. One could sum up your knowledge of JOG and investing generally on the back of a postage stamp and have room left to spare. ive been right so far, next r n s no oil ,
graybird
Posts: 1,983
Opinion:No Opinion
Price:57.50
dickupham
19 May '19
its only a loss when you sell your shares , its all numbers on a screen till then, i cant see how you still think that bod can turn jog around after 2 bad drills, cash burn, no new assets 18% of up recoverable assets at present, 4 years on and no income still,if next r n s is not 100% positive news i cant see jog getting fully funded, buy out does not look good as its 18%% of what ? might be oil.b,p stated how hard it was to recover oil from verb also oil in pockets of 30 mill and less, sinking ship , unless bod can pull it of




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.