Jersey Oil&gas Share Chat (JOG)

I would hazard a guess that it may rain by the end of the week?

We have already had rain in Lincolnshire this morning - didn't see the price go above £1 though. Must have been the wrong type of rain! £1.73 average for me so I need it to rain a fair bit!!!

It may rain this afternoon!

What do u mean what is the point ..hopefully it will increase so we can all make some money unless you like losses.

What is the point of this post Biggurkin????

Yes, it could and it couldn't!

This could break the £1 by end of play friday

JOG has announced the completion of the acquisition of the operatorship and 70% WI in licence P2170 for two milestone payments and a royalty based on volumes produced from the Verbier oil discovery but there are no upfront payments. This is incredibly good value to JOG as this will be developed as part of the huge Greater Buchan Area which also benefits from ‘multiple material exploration prospects’ that have high value potential through tie-backs to the new GBA hub.

JOG CEO Andrew Benitz commented https://www.share-talk.com/malcys-blog-oil-price-jog-echo-sdx-president-energy/

Thanks Dick. Keep posting please!

According to Arden's website, their last update was on 3 Sept last year, when they made it a "buy" with a target of 550p. They've issued an update today (linked - it's easy to subscribe and costs nothing) mapping JOG's future as they see it (Daniel Slater is their analyst). They've upped the target price to 600p which, given current conditions, seems to me to be a measure of confidence in the Company. They use conservative assumptions, which is par for the course. I personally think they're over-cautious. They'll be way off the mark if a decent farm-out agreement arrives and as wrong as the rest of us if one doesn't.
https://research.arden-partners.com/portal/portal.html#/home

I'm targeting a lot more, although not immediately. My target is based on JOG being taken out with a funded infrastructure programme and FDP in place, after farming out (say) 60% in return for MUF and a decent carry. There's no reason to think JOG's residual c.60m stb wouldn't be worth $15pb to a suitor with money. Maybe a VC might be interested?

The big unknown is the oil price and appetite for deals. As an aside, JOG's 1.3bn NPV is based on a $62.5 mid-case assumption for Brent crude. Anything north or south of this has a material effect on the DCF numbers.

It's my money and my risk to take. I don't suggest anyone act on what I (or anyone else on here) thinks or expresses an opinion on. Everyone should dtor and make up their own minds on how things might play out.

Ignore the types who always pitch up when there's a bit of activity. We've seen a few on here today who even by modern standards are pretty thick - and disingenuous too. Don't give them oxygen by responding - or be tempted to descend into the tunnels they inhabit. Try the cap on, exzess. Does it fit?

dyor

Bye.

Dick

Arden has had that target price for a while hasn’t it?

LW - Arden's £6 price target might have helped,

Same sort of scenario as in 2016, when it was announced that binding terms of a farm-out of P2170 to Equinor (then called Statoil) had been agreed, subject only to OGA approval and the usual legal niceties. It didn't have much effect on the SP, which was about 35p at the time. Yet when it was announced the farm-out had been completed a month later, the SP doubled.

As far as I' concerned the current price can double, treble and then some again and it will still be too low. Yes there are risks - these can't be avoided but we only come this way once and JOG is as good a prospect as it gets. It all hinges on farm-out as far as I can tell. Bigger companies have to maintain their reserves and where better to acquire them?

dyor

I agree that the most likely explanation for the price rise is simply that a hugely-undervalued company has attracted the attention of fickle investors, at a time when confidence is returning to the oil sector.

Looking strong.

Zak Mir highlights some of the most followed stocks on the small-cap London market and gives an overview of the fundamentals in this video charting update.

AFC Energy (AFC)
Braveheart Investment Group (BRH)
Condor Gold (CNR)
Echo Energy (ECHO)
Gfinity (GFIN)
Galileo Resources (GLR)
Jersey Oil and Gas (JOG)
Modern Water (MWG)
Supply@Me Capital (SYME)
Tern (TERN)
Velocys (VLS)

https://www.share-talk.com/share-talk-bulletin-board-heroes-wednesday-20th-may-2020/

Reduced drawback here after news this morning, huge upside IMO. Can see this doing 100% from these levels easily over the course of the coming week.

Oops! Wrong board.

A £2K purchase by a director.

I would caution anyone to buy this considering what happened with trap oil. Wouldn't touch this share if it were 5p, shareholders were badly let down before and no doubt again....what was the other one at the time Lochard Energy? Be careful you dont get trapped here.

Premiums paid now, still along way to go on this today!!

Makes a nice change...

Have shares in both top risers today, JOG & VLS

Check VLS out, huge potential, I work next door to the site. DYOR

hasiba - don't give the morons oxygen. Why would there be a placing any time soon when the price is still so wrong? They've got enough cash to last them until the end of next year anyway. The key issue is what terms JOG will be able to negotiate a farm out on when the time comes later this year - maybe more than one.

If people would just apply a bit of logic they would see the light. Even at £1, JOG is still valued at less than £22m, which is peanuts compared with the assets they're holding.

dyor

Ol no Dick.....I hope I haven't just inadvertently landed myself in that bracket....be kind sir, be kind please......

Exzess, not wanting to get into an argument with you, not my style of posting, however, you seem to have answered your own question with your post at 11:20.

JOG has enough money through to the end of 2021.
There is a data room being opened in Q3 of 2020 for potential large investors to look at JOG's plan and hopefully a farm-out deal will be reached.
If the farm-out deal is reached, JOG will receive proceeds from that deal, and also I assume, a good deal moving forward regarding development of the asset/s covered by that deal.

Will there be a raise? Who knows, certainly not for a long time by the look of the above. I am no expert in these matters but as PC01 writes, why would JOG do a placing unless it was for a to good to miss deal?

Actually, I always think of placings like this. If the money raised is for a very good reason, and not just wage packets of the board, what's the big deal? Short term the price may drop, but if the money raised is for something really good, then I have no issue with it as the price will rise.

".........Is it not inevitable that a placing will occur in the very near future? IMHO the answer is yes".

............the usual dimwits pitch up with thoughts an average 5 yr old would be embarrassed to express.............