Jersey Oil&gas Share Chat (JOG)

..........senior moments in close succession:

https://www.telegraph.co.uk/business/2019/11/05/former-rugby-star-among-biggest-losers-mothercare-collapse/

.....sorry - it was the dots...........

https://www.telegraph.co.uk/finance/2924522/Founder-steps-down-from-embattled-Evolution.html

...............a plentiful supply of paper for him to absorb............

https://www.investegate.co.uk/jersey-oil---38--gas-plc--jog-/rns/holding-s--in-company/201906271727427288D/

https://www.jerseyoilandgas.com/investors/shareholder-information/

.........some people evidently feel they don't have to follow the rules that apply to ordinary mortals. In my experience leopards don't change their spots. There's been a share overhang here for some time now..............
https://www.telegraph.co.uk/finance/2924522/Founder-steps-down-from-embattled-Evolution.html......................"A source close to Evolution said that with Mr Griffiths gone and Martin Gray as the new chairman, Evolution's corporate governance would be in line with best practice".

https://www.lse.co.uk/ShareChat.asp?ShareTicker=JOG&share=Jersey-Oil-and-gas&thread=6FBEBE4F-FE4C-4665-A082-3AB58C68BA3D&reply=true

dyor

Some very fat buyers today :)

A £350,000 buy on JOG.

more buy in high price but it keep down, strange!

Plenty of investors taking a view here...one good sized buy order being worked at 175 for 60k but a plentiful supply of paper for him to absorb. Its been a pretty brutal year on aim, with many stocks really struggling. There is value here and in many other parts of my portfolio (!!) but much fear of the future it seems. Time to turn off the computer for a few weeks, methinks!

Craig....It's only 6.5p

LOL

support level you could have fooled me , surely £1.70 is on the cards

Good to see this holding at £1.75

Thanks for the Link Dick.....Interesting the team is getting bigger at JOG

Appreciate it

..........I'm not quite sure why, but I missed this interview of 9 Oct. Says all that's needed imv:

https://www.malcysblog.com/2019/10/core-finance-ceo-interview-andrew-benitz-of-jersey-oil-gas-2/

dyor

https://twitter.com/Jerseyoilandgas?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Its the tumbleweed here that's annoying me...

looks like £1.79 is looming .£1.65 looks like a very bad support level if it breaks that

Be nice to get some operational update to stop the drift

Yes Big Bench, Jersey Organic Goodness the place to be right now.

...is what JOG looks like right now compared to other Oilys.

RR - re: "(I) largely sold down at 180 and plan to buy again at sub 100"............ if you believe what you write, why not go the whole hog and sell the rest at 185p? This is surely what an expert would do to make money?

Gell - reference the companies I named as providing better value in my last post: https://www.youtube.com/watch?v=2weDBlOTgmoforgive me for not being entirely serious, . My sarky turn of phrase is not one of better attributes. I get a bit fed up sometimes when what I see as the blindingly obvious seems to escape many people. It is only my opinion but what can anyone see in the companies I mentioned - particularly UKOG, which has very little oil and 7bn shares in issue. Its directors take out enough each year to see they'll be ok though. FRR was a con - as I pointed out on many occasions.

I suppose I take too much for granted the decades of experience I gained doing share valuations for a living (individual holdings, whole enterprises - for a whole range of purposes). Multiple different issues have to be taken into account, all fundamentally involving a full assessment of risk (of all kinds, particularly involving the ability of company management to deliver results ). The overriding objective of most companies is to achieve profits - and ultimately to pay dividends - both of which (through p/e and dividend yield respectively) enable the value of an investment to be bench-marked against other investments after factoring in all kinds of risk. In summary, the greater the risk, the greater the expected rate of return.

How does all the above affect early stage E&P oil juniors like JOG, many will no doubt ask. As the risks diminish, so the price of a company's stock should increase, because each forward move should take the company closer to producing a predictable return. In the case of oil juniors with good assets but perhaps limited cash, this can come in the form of merger or takeover.

Each step JOG takes from now on will be designed to take the Company closer to production - and therefore to generating income and net profit. There's no saying they'll get there because JOG might get taken out much sooner. But the price offered would have to reflect the future opportunities. I'll be looking for strong interest from outside parties when the FDP is in place.

'People' make the difference between companies that succeed and those that don't. JOG has an experienced, committed and extremely competent team, to which it is still adding. We place our trust in them and I doubt they will let us down.

The only other AIM oilco I am now interested in is SQZ, which has over the past 3 or 4 years grown from a market cap in the low millions to today's c.£350m, without adding to its shares in issue. It now generates significant income and talks of paying a dividend next year.

JOG should improve with age. Some people/things do. Relax:
https://www.youtube.com/watch?v=St6jyEFe5WM

dyor

£6.00 easy just don't know when
A big hold

Rob my advice would be to go in your room and start dreaming !. Jog is run by an experienced competent well rounded team who have invested their own time, money and hard graft to get us where we are . If you think this will go sub £1 then you are dreaming, each one to their own - good luck buddy !

The current Political uncertainty is likely to persuade Explorers/Producers, from committing long term funds into the North Sea. Labour's declared aim to cease Hydrocarbon use/production by 2030 will be striking terror into Investors. The Greens want to curtail any use of Hydrocarbons by 2025 and we are all to become Vegetarians on the basis production of red meat produces greenhouse gases. The Green's position is at complete odds with a report released by the Sustainable Food Association in collaboration with Cranfield University. The report concludes replacing meat production with fruit and vegetable, for dietary needs will INCREASE gas emissions by 21%.

The uncertain behaviour of the Electorate, who are being encouraged to place a cross, using false and misleading information, leaves most if not all investors in a dilemma which will be clear on 13th December, a Friday. It could be a day when stocks will either rocket or plumb depths not seen since the Banking Crisis.
Local Oilers, are imo at risk, prices could explode or implode.
The next 5 weeks are going to be interesting for Investors.

In so far as Arden's valuation, if it is half right we should be at 300p minimum.

That's not going to happen !!

Very impressed to see this holding at 185! Arden have always under estimated the cost and logistical challenges of building a hub. I still have a small holding but largely sold down at 180 and plan to buy again at sub 100. Good Luck.

The Stifel O&G research have sent research today on a company called DNO - a Norwegian quoted producing and exploration company that operates in the North Sea and Kurdistan. Whilst reading the report, which they have as a sell, they discuss DNO's desire to grow the North Sea oil production from its current 17k barrels/day to 50k. They suggest this would come at a cost of $1.2bn. I quote 'What is the solution for DNO? We think growth through Kurdistan M&A, not mature North Sea production. The company is still set on tripling production in the North Sea to 50 kboe/d by a targeted 2021 through primarily M&A, which recent acquisitions imply would come at a cost of around $1.2B. '
So to 'buy' 33k boe/d production would cost them $1.2bn.
JOG's 100mm barrels - yes just reread that 100million - could flow at 275k/day for a year or rather more interestingly roughly 30k barrels/day for 10 years to meet DNO's need. And we are valued at c $50mm or 0.05% of the $1.2bn that the analysts think the cost to DNO might be to acquire producing assets in the North Sea to meet their target.
As Dick might say DYOFR but one day the lights will come on. Patience amigos.