Jersey Petroleum Ltd owned by JOG.
This can't be bad news its the petrol outfits that are being accused of profiteering - but maybe its just a name.
Might these be more share awards to Directors ? - which are SMALL compared to to total share capital
As JOG has said it has sufficient current capital and new capital coming from Neo to pursue all its plans, why would it need to have a LARGE capital raising operation ?
Made it thru another week - hang tight.
Maybe the directors of JOG and NEO are so convinced thery're on a good thing that they have no particular reason to want see the SP go up at the moment as its current price gives an opportunity to add to their personal holdings.
Thanks DU - retired now I always worked in the City - merchant bank, then investment bank, and then fund management company - but never as a professional finance person - but as an IT system designer working on these industries applications - which left me with an interest in finance and a degree of knowledge.
Hello again DU, what is your career background ?
Thank yo DU.
Your posts not only steady the nerves, but are like attending a masterclass on the subject.
Could be with the Stoma speech impending potential big buyers will only believe the NEO deal when it actually does happen, as opposed to it merely being agreed.
So now their under 5% UBS might still be in possession of the bulk of their initial purchase ?
Marineclerk - do you know what % their holding reached when it was announced recently they had purchased ?
Marineclark - is that definite then - UBS now has no holdings of JOG ?
These shares certainly seem able to take good news in their stride without getting overexcited - very resilient.
Do you know the date the NEO deal will be formalised - hanging on - what could be the explanation if that had little impact ?
They're trying to shake out worried small investors.
Today's Spectator take on latest news might explain SP limp response :-
" The tax rate will only fall back to 40 per cent when ‘both average oil and gas prices fall to, or below, $71.40 per barrel for oil and £0.54 per therm for gas, for two consecutive quarters’. This essentially means that the government is designing the tax code to grab profit from companies in the so-called good times, leaving very little room for them to make up for lost profit when more difficult years hit. "
I too wanted a 'No Deal' Brexit but it wouldn't have passed in The Commons .
And then we had the treacherous Remainer MPs visiting the EU Commission in Brussels and urging them to play hardball with the UK in negotiations.
EU refused to re-start negotiations and would only offer small variations of May's Chequers Proposals - and these conformed to May's treacherous instincts to do her own country down.
And so in the end the only Brexit available was what we got - it was a May type Brexit or No Brexit.
This is the one thing we cant blame Boris for - the self-centred lazy incompetence lay in the future.
I was a big supporter of his until I saw him 'in action'.
Re DU, I agree with everything you say on the political front except your views on Boris.
If he had shown the slightest interest in doing the things we elected him to do we wouldn't now be in this mess.
The rot that was already there accelerated big-time under him - he lost interest in Brexit once he was elected - hence the current situation with removing EU regs from the statute book - time has run out due to a late start.
And it was Boris that deliberately loosened the rules big time around immigration after he promised to tighten them while electioneering.
I also doubt that there are 150 proper Conservatives in the Parliamentary Tory Party - lot of closet Lib_Dems there.
Kuenssberg has morphed from a once competent reporter into a creature that is so politically biased that she could fit in
seamlessly at Channel 4 News.
Thank you for the video DU - absolutely addictive viewing
Hello DU - thank you - Accepted
Thank you also for your detailed explanations on the outstanding obstacles to be overcome.
I agree with you about the idiocy of Starmer,. The Conservatives obsession with Net Zero by 2050 no matter what the cost is also is also very harmful,particularly as the UK only emits around 1% of the worlds greenhouse gases while China emits 30% and wont agree to Net Zero by 2050, - but 'might' at sometime accept 2060.
To: Dickupham
On the contrary DU I am not a 'trader' but someone who wants to be in it for the long haul - but one has to be aware
that the SP is falling at the moment and will continue that way until a 'significant event' changes that.
So I'm asking about other peoples views that such a significant might come along.
If Starmer becomes 'heroic' next month on saving the planet then they might fall further, and if
'Ultimate Approval' is not forthcoming the SP might disappear completely.
I am a moderately experienced equity investor who has won some and lost some and it seems reasonable to face my worst fears.
As it is Surety's latest post has steadied my nerves and I am hanging on for the time being as he has detailed a significant future event with the impending 'Formal Agreement' of which I was ignorant.
I am not trying to encourage others to sell, but as devils advocate asking for why I should not - and the impending Formal Agreement answers the question - there is a reasonable case to think things will improve in the short/medium term.
As regards your question - " Which bit of: "Upon selection of the preferred development solution, the project will move into "Front End Engineering & Design" activities along with preparation of the required FDP that is planned for submission to the North Sea Transition Authority ("NSTA") for approval in the first half of 2024" do you not understand? "
I was questioning what others felt might be the "Labour Party's political interpretation'"of "'Approval"
hoping what JOG already has was enough, but feared it would be, as you point out, - FDP.
You flatter me too much to think I have the nerve and experience to be a trader in this situation - but I must consider all my options - the possibility of losing a lot of money must make considering a conservative stance a proper discipline to be considered.
I cant help being a newcomer - I bought JOG on recommendation of Simon Thompson in IC of 30th September 2022 and am currently considerably out of pocket.
But I particularly value your extremely knowledgeable contributions to this board DU, as I do others, and ask you to please re-assess what you think are my motives