Jersey Oil&gas Share Chat (JOG)

Performing well, under radar.

Hold.

Ed Miliband was letting off hot air today , adamant that a windfall tax is desperately needed. Can I ask when oil prices were low, circa $30 a barrel and oil co suffering losses , did the public help out ?. Simple answer is No so why should the oil co’s support them ?. I like Rishi Sushi’s solution the extra profits made by oil co’s need to be reinvested in the NS . All looking positive for Jog , they are jogging along nicely !

BREAKING: The House of Commons votes by 310 to 248 against Labour's motion to impose a windfall tax on oil and gas producers.

I’ve just had a lovely lunch of smoke salmon sandwiches with French fries , yum yum . Don’t believe I’m short of a sandwich , perhaps you are ?

Positive trend here.

Good news in pipe line and farm out on the cards. Recent Director BUY so hold.

JS, you are the problem here as you seem to be a sandwich short of a picnic .

In the meantime I await news about our future.

Reject your comments completely , your better off not posting on here .

JS, You really haven't a clue have you? Your idiocy knows no bounds.Please stop debasing this forum with your ignorant & juvenile ramblings.

Dick is very disciplined and too serious for a joke and a laugh. He strikes you with great vengeance and force should you step out of line .

Dick, I too wasted 5 minutes scrutinising your post for any possible pun.

It's difficult to understand why you're plucking figures out of the air and saying this or that would be acceptable to a lot of other investors, Abatt. Maybe the stress has got to you? You also appear to have mixed up UK£ with US$.

On any positive announcement, JOG's SP will probably be marked up immediately and significantly, then be all over the place for a while, as a result of frenzied buying and selling, with some holders selling at below real value to satisfy (or part satisfy) demand, probably because they're focused on price and not value, which they don't know how to work out anyway. As Warren Buffett pointed out: "price is what you pay, value is what you get". Buyers and sellers alike will be milked for all they're worth by crooked MMs - for a while at least. What range the price will finally settle in is anyone's guess, as is the length of time it will stay at around that sort of level, before the boredom factor sets in or the MMs start dicking around with the daily price to generate volume.

In general, the key to successful investing is to buy shares in companies you (correctly) identify as undervalued, then hold until the fundamentals play out. The time to sell is when there is no perceptible difference between price and value and the outlook doesn't look that inspiring. All just my take on the situation and doesn't mean a lot except to me. The shares I bought at 8.79p in Feb 2016 aren't looking too bad as things stand :-)

There will always be a time to take shares off the table, but why do so if (i) you don't need to, (ii) it isn't obvious where better to invest the money and (iii) the fundamentals suggest there's still a long way to go on JOG's journey. You won't make much progress if you take any notice of what posters like JS have to say. His strategy appears to be "buy high, sell low", judging by what he's told us of his previous exploits in JOG, as amplified by supposedly recently selling the latter at a loss to buy into SQZ, when it was at a record high (it's currently trading 20% lower, although most seem to think it will soon recover).

What I posted about Dunning Kruger (which I don't expect you to understand JS) was deadly serious. Nothing I wrote can be said to have been a 'pun', which is "a joke exploiting the different possible meanings of a word or the fact that there are words which sound alike but have different meanings".

GLAL - I'll be on the sidelines for while as there isn't a lot to discuss. My views are well known to most anyway.

dyor

I am also hopeful, indeed optimistic, that we do not have much longer to wait. The SP action is a great clue and I think we will reach £4 or even £5 before any announcement is made.

I’m invested here , doubled my holding by topping up . I was wrong and like most on this board looking fwd to an exciting few months.
Very funny Dick, I’m laughing at your pun on the Dunning Kruger nonesense !

Yet I can’t see what’s changed: when the Ithaca deal announced he said jog is worth nothing in comparison :))) make up your mind James.

Think James meant 600m for the whole of jog being taken over. $600mil is good enough for a lot of us. Even $500m.

Ref JS's latest sage comments: "Dunning-Kruger effect: in psychology, a cognitive bias whereby people with limited knowledge or competence in a given intellectual or social domain greatly overestimate their own knowledge or competence in that domain relative to objective criteria or to the performance of their peers or of people in general".
https://www.britannica.com/science/Dunning-Kruger-effect.

To put the comments in context, a m/c of £600m (as predicted by JS) on a farm out announcement would produce a SP of close to £18.50ps. This would value JOG's likely remaining 2C resources, post farm out, of (say) 40mmboe, at about $18 pb. Half that number would be more realistic imo, depending of course on the terms of the farm out. The real value (for those prepared to wait) is likely to come when production gets underway from 2025 onwards.

Hope you're right re timing, dusterinmong. My thoughts are that it might take another month or so but I'm just guessing

all imo only
always dyor

Definitely Delek own Ithaca and are not short of money . Cambo went for mega money , Jog could be £600m ??

Done imho

Farms wired up see my post last Friday

There short of stock so using some tricks but it's not working as more will buy knowing a FO on decent term will be nearer 10 bucks than 3 once completed

My money is on Delek with the connections from ithaca

I call it a TREESHAKE a common practice employed by MM to entice gullible /nervous investors into selling . Hold tight onto your shares !

The 7.45% rise is misleading. For most of Friday (13th) trades were around 245/248p then two small trades appeared after hours at around 235p creating an artificially low closing price over the weekend which was immediately "corrected" this morning.

and no chat
surprising

https://www.bloomberg.com/news/articles/2022-05-14/uk-north-sea-sees-chance-for-political-reprieve-in-energy-crisis?srnd=premium-uk

From another BB...
https://www.telegraph.co.uk/business/2022/05/13/natural-gas-classed-green-investment-boost-north-sea/

This bodes well for JOG's future. Investment by institutional investors just got easier