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While mentioning ESG there was a NetZeroWatch ( a climate change sceptical organisation) on TalkTV this morning showing that lots of wind turbine hardware is wearing out much sooner than anticipated and requiring replacement sooner than anticipated, thus undermining the claims for future pricing of wind energy.

He also mentioned, possibly not unrelated, that the current owners of wind farms are trying to sell many of them to retail ESG funds, nicely passing their replacement costs to small savers and personal pension holders.

Greener101

"Is JOG too small and illiquid for anything but tiny special sits funds? Also on the ESG schit-list?"

Greener101, why do you say JOG shares are 'illiquid' ?

Well how about Income Funds as the dividends could grow and grow.

And it does seem to me that JOG has a very competent management team who are going about matters in a very sound way - even if the current SP frustrates us all - me, who is currently sitting on a loss, no less than others.

From DU on 10/5

" I do know that No 1 on the NSTA's list of preferences as to what should happen to redundant infrastructure on a field coming to the end of its commercial life is to re-use the redundant infrastructure elsewhere. JOG's specific inclusion of: "re-use of available FPSO's" could imv be significant.

Taking this thought process further, then of course it wouldn't make sense to take onboard a second farm out partner until the positive effect on overall infrastructure cost has been factored into overall development spend "

Seems this exactly what is happening.

Its interesting DU how your 2 different calculations result in a similar SP - that suggests they are accurate.

Isaac Newton = DO

I'm grateful to anyone who can do and understand these calculations, however spotting an error in someone else's complex calculation is not the same as doing the initial calculation oneself.

It was Isaac Newton who referred to himself as 'Standing On Giants Shoulders' ( in reference to others that paved the way for him).

Thanks DU

Zeus note today predicts 2nd FO not until Q4 2023 - the torture goes on.

Morning DU - re " ....The sector is toxic - particularly JOG......"

I understand the first bit, but why would the market regard JOG as 'particularly' toxic ?

DU Thanks for that.

I wasn't familiar with SWS but had opted to start receiving their posts - I have now stopped.

I was concerned, but you confirmed what I suspected but was not qualified enough myself simply to dismiss.

Published on 'Simply Wall Street website today - is it ' de-bunkable ' ?

" Jersey Oil and Gas

JOG

Share Price 7 Day 1 Year

1.79 -1.9% -14.8%

"New major risk - Financial position

The company has less than a year of cash runway based on its current free cash flow trend.

Free cash flow: -UK£6.3m

This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk.

Currently, the following risks have been identified for the company:

Major Risks

Less than 1 year of cash runway based on free cash flow trend (-UK£6.3m free cash flow).

Share price has been highly volatile over the past 3 months (15% average weekly change).

Earnings are forecast to decline by an average of 15% per year for the foreseeable future.

Revenue is less than US$1m.

Minor Risks

Currently unprofitable and not forecast to become profitable over next 2 years (UK£4.2m net loss in 2 years).

Market cap is less than US$100m (UK£58.3m market cap, or US$74.0m)."

Greener101 - thanks for the explanation.

I'm in for the long haul too.

Greener 101 - As the NEO deal has just been formalised ( and NEO could have chosen not to go ahead at that stage), why do you say we are guessing whether - " NEO really wants to go ahead" - what possible undisclosed ' all options open ' alternative strategy could possibly make any sense for them at this stage to have got this far ?

Every Prime Minister since Cameron has lied to the electorate as to their intentions to reduce immigration and it doesn't raise a comment amongst MPs, but should one of their own lie to them they go bananas.

While the adverse " political weather" around taxing oil companies ( Tories & Labour) and limiting new NS exploration Labour) is bearing down on general investor sentiment towards the sector, at some point the fact the JOG will definitely

go ahead with Buchan and that JOG has valuable Tax Concessions will finally register.

DU, even if we have to wait quite a lrelatively ong time wont JOG shareholders benefit by a large and growing dividend. stream ?

Don't we get there one way or another ?

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.