Member Info for Cebo456

Guys, Once Total receive the full Data over the next couple of weeks, if they like what they see then they may well decide that they want a whole lot more than the 25% WI farm-in that has already been agreed.

Guys, there is your answer, hopefully you never took to much of a hit across there. Dick- spot on again.

Guys, there is your answer, hopefully you never took to much of a hit across there. Dick- spot on again.

Long wait, correct. IMO for the MarketCap to reach 200million, Recoverable reserves would have to be at the top end of the Range, and for Stat to also State that the COS on Cortina has increased or that they plan to drill it in the near future (by H12019). Interesting to hear that there may be other areas of interest within the licence (apart from Verbier, Cortina and Meribel) that may also be commercial - I do wonder if they are looking at non-conventional basement plays here as well - then we have a game changer.

TLP, interesting yes, poor flow rates and IMO it will drop to around 1.5p, good commercial flows will cause it to spike on sentiment untill the market realises that it has a huge mountain to climb before it manages to me monitise the reserves that are there - it will need more money, or a rich partner, years of red tape and planning and council meetings and a load more dilution. So bad results - drop to 1.5p, decent results - spike to 4.5p and drop back, good results 4000mbd - spike to 7/8p and drop back. Again only IMO, and no agenda as I am not invested across there.

Joey, I am not invested across there (Ukog or Angs) but I did listen to PVs interview, but in my opinion, The rebuttal statement from SS looks to be faked, and if not faked then extremely unprofessional. Ukog may come good but I certainly wouldn't touch it when you have lower risk AIM companies with higher chance of success.

Dick, I agree and have been guilty of giving him the attention that he so obviously craves, Judge et al - I suggest that from now on, we ignore and report every one of his posts that merit it.

Heron, i do not recall Jog ever saying that they were going to be Operator, although I coukd be wrong. I also believe as Dick says that there is cash in the pot to not only fund the Verbier appraisal and possible side track, but also to fund another 2/3 drills as well withough any carry. Any assett acquisition coud be at minimal or no initial cost to Jog and with the Ring Fenced Tax Losses gained from Trap Oil, I think we will see a deal anounced in the coming months. Although the Tax Losses would add to Jogs Valuation in the event of any Take Over, as would the Cash at Bank.

Judge. Best ignore the ******. It is the School holidays and the Chippy isnt open yet so I auspect the fat lad is bored and looking for a bit of attention. Patience is key here, it may re-rate pre appraisal drill, maybe when we get news on the Rig contract/Spud date, if not then I am more than happy to wait till the Appraisal Well results are known and pick up more shares at what I consider to be steal (or should that be Steel :-))))

It's you, thanks for posting - I do not think that this will stay under the radar for long, and the potential Total FarmIn will bring it to the attention of a few of the larger investors.

Most know that the buys and sells on those site are at best unreliable, but also be careful of looking and making assumption on volume traded. I had 2 large buy orders for Jog shares go through this afternoon (used LansdownHargreaves) but venue of execution was NEX rather than the London Stock Exchange which will not show up on LondonSouthEast or most brokers sites - I am certainly not suggesting anything underhand, but some may not be aware that only trades on the London Stock Exchange will be picked up here.

Herron, I would t disagree with you, and certainly wouldn't disagree with AB on this. A very crude rule of thumb for conventional play in this area IMO would be $5 dollars per barrel. If you are talking about the rest of the licence, looking at increased COS, reduced Capex and Opex per barrel due to increased OIP, POO and 1001 other factors then 130mmbd in Verbier may well be worth $200 million. Without watching the interview again, the wording that AB used with Makcy sounded like he was looking for North of the 130mmbd that was originally guided on Verbier alone . - only time will tell though.

Ferrotty - now there is a question and the people that know the answer wil certainly not be posting here. IMO, It will be a producing asset in the North Sea (unlikely to be WOS). Hopefully at least part funded by. Deferred Consideration Payments from future production from the said acquisition and a few million from the money already raised. I think/hope that it will be a relatively simple deal, nothing complicated but enough to benefit from the �25 million of working tax losses that Jog gained from Trap Oil and with no decommissioning liability due to the new rules that come into play later this year. As Andrew said in the interview, any asset has to now add value to the Shareholders and as such it would not be in the Share holders interest to issue any more shares to fund any acquisition before the Company fully understand and monetises Verbier, Cortina Meribel etc. My thoughts are now moving towards an end game, if Verbier holds anywhere around the 100million barrels (very likely substantially more) then that alone is worth $90 million plus to Jog, and then Cortina possibly similar or higher recoverable reserves then I can only see a TO or asset sale. A very interesting year or so coming up here.

Aye, well there you go - appraisal drilling takes time and I do not see how any, never mind many expected it to be completed by now. The shares that you talk about going to the Jog management team are a small fractiion with veey minimunm dilution, totally reasonable IMO - but you are entitled to your opinion as we all are. Good luck wherevee you put your money Gibbo, although with your timelines perhaps a Casino is better suited.

Ajax, I really hope that you are correct and that this drifts a lot lower, only because I will monetise other investments and buy more here. I suspect that II's and other Retail investors who can afford to wait will do likewise. As previously mentioned, IMO, IIs already have at least 50% of the shares (probably a lot more), management have about 10% so quite a lot of sticky shares, this could and will move quite fast on the run up to the Spud, news on the Rig contract or even a TR1 could be the catalyst to a substantial re-rate. PS - Greybird holds 100% of all the imaginary shares that have been issued, not sure what they are trading at though.

Gibbo, why exactly do the management need a kick up the Ares????? What is it that you are hoping for???? . If it's meaningless RNS then pop across to UKOG, loads of promises etc then try Sou or Echo. IMO Anyway good luck wherever you decide to stick your cash and unlike others, I hope you do not feel the need to continue to "contribute" on here when not invested, although that is your choice as those boards are open to all. Personally I am more than happy with the BoD, the strategy, and the potential here, so I will continue to hold and add. Cebo

Always worth remembering that Verbier coming in at the higher end of the estimates will be worth 200million to the Company (5 bagged as MGW puts it) - that is excluding Cortina, Meribel and other potential areas within the same licence as Verbier, each of which could contain the same or even more than the Verbier discovery. - Still a lot of work to be done here, and a few more holes to confirm or prove up the true potential, but this could be huge. Not sure of what the end game will be, but hugely positive. With the BoD having around 10%, IIs having another 50-60% and I suspect a lot of PIs looking at the bigger picture, there may be very few shares available when demand grows pre drill and pre results. Fully funded for the Verbier appraisal/s, a smaller aquisition and possibly another couple of drill on Cortina or Meribel (depending on the Verbier appraisal). So unlikely that the BoD are going to need to raise any money or issue any more shares in the next 18 months IMO.

Joey, ignore the price on here, it is currently trading at 204. Perhaps invest in L2 then you can actually see l2data and what is happening rather than just commenting on how many buys v sells etc, which in reality are just best guesses - and on days like today are not even going to be close.

Thanks Stone. Fingers crossed for the Spitzbergen. Always prefer to see one that is working than pulling one that has warm or cold stacked for obvious reasons.

Apologies - early, not neatly and the other spelling mistakes (no excuses apart from not yet having had my morning coffee). ;-)