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ive held my shares for almost 2 years
I think I can answer for Craig...he is the new generation of investors for whom patience is a word they have never understood. I think he wants a higher SP like all of us (well apart from Trigger who is still smarting from the 60p to £2 rally) but he wants it NOW...not tomorrow or next week or god forbid next month, but NOW and when other oil stocks are rallying and this one isnt it means JOG is ****, even tho we have plenty of proven oil reserves and no debt (anyone with a care to understand what an over-leveraged balance sheet can do to an oil co take a peek at Premier Oil who's SP has fallen 75% over the past few years...hurrah it bounced 10% yesterday so let's celebrate, huh...)...for CRAIg and all the other short term traders, a bounce today to £2.30 will be met with celebration and a fall to £2 with despondency. Its a truism of all investments, patience is required and a little luck. For those of us in JOG (for me its since 1/17) we've had good days, great days and shockers...but the journey has only just started. The oil we have and the oil we might find is more than enough to see this share provide for a very comfortable retirement. Just not today...nor tomorrow...and probably not next week...or month....but one day, when you are least expecting it...there we are philosophy over...now where's the SP opening :-)!?!
Interesting read Dick....Thank you for that i shall save that one.
Craig.....Serious question are you a trader or LTH ?
'nice move today 0%'
You rather it went down?
https://valuationmasterclass.com/blog/stock-value-vs-stock-price/
nice move today 0%
"31st Supplementary Offshore Licensing Round - Greater Buchan Area Plan
The Oil and Gas Authority (OGA) has offered for award 4 licences to 3 companies in the 2019 31st Supplementary Offshore Licensing Round, which closed for applications in May 2019.
Eleven blocks were originally on offer in this Supplementary Round which was focussed in the Greater Buchan Area of the UK Continental Shelf (UKCS).
This was the first time the OGA has linked a licence round offer with an Area Plan and the application process included the requirement for applicants to demonstrate their wider area plan development concepts and to seek to collaborate with other area licensees and applicants.
The round offered blocks under flexible terms, enabling applicants to define a licence duration and phasing that will allow them to execute the optimal MER UK work programme.
In all, 4 applications covering 5 blocks were received and the OGA is now ready to make offers of award in respect of 4 licences covering the 5 blocks.
Two of the awards are for work programmes that will proceed straight to Second Term, either for potential developments, or re-developments of fields where production had ceased and the acreage had been relinquished. The remainder of the licences will enter the Initial Term (exploration stage).
Scott Robertson, CNS Area manager, said: “From bringing together interested parties at an early stage to releasing extensive digital data in advance of the licence round, the OGA sought to facilitate a common understanding and industry collaboration. The resulting commendable level of engagement between operators and high quality applications enabled us to make awards confident that the right assets are going to be in the right hands to deliver the optimal MER development of the Greater Buchan area. We look forward to working with the awardees as they deliver on their work programs and commitments and to exploit the opportunities to re-purpose and sustain existing infrastructure.”
The OGA fully supports the transition to a low carbon economy. Government forecasts show that oil and gas will remain an important part of our energy mix for the foreseeable future, and maximising economic recovery from the UKCS is therefore vital to meet our energy demands and reduce reliance on imports"..........
......https://www.ogauthority.co.uk/licensing-consents/licensing-rounds/
I would like to know abit more about the 50% option, will that be put in place by the OGA to make sure there’s a major on board to get this back up and running? Because it seems an absolute gift if equinor are getting this just to merely reimburse JOG with the costs to win the licence? There must be some sort of price tag to go with it otherwise it’s actually probably better if equinor don’t take the option and we keep all the reserves to farm out to someone else? Obviously short term the sp wouldn’t like it but in my eyes it’s a bit of a win win here for me at the minute.