Member Info for fairdealer20

GB this is the guy. His company Blake Holdings have purchased the JOG shares.
He is probably the Only one in Jersey who is on the Rich list I believe he lives in Trinity.

GB have you got Richard Ian Griffiths? Associated with Evolution , Ora Financial services, Eland Oil etc.

Wolfson yeh am doing in between Gardening.

Have also discovered Jersey Petroleum registered in Nottingham. AB was appointed director in Sept 2018. RL is involved and the Company was renamed from Predator OIL.

What is known about this company first registered on 2nd April 2019. Has Directors involved with JOG.

Is it part of JOG? Cannot find any link!

The emergence of RG may become a strength for PI's and a threat to existing Directors. He has experience in recovery situations and with small Oil company's. So nobody's fool.

The wide margin of error regarding the Verbier discovery in 2018 did enable the Company to swiftly double it's capital and bring on board some major institutions which could not fail too impress.

Richard Griffiths holding almost equals the total holding of AB and RL combined, it will be no surprise if the Notice of accounts and AGM, due to land within the next week, contains a Proposal to appoint a New Board member!

AB must be feeling a lot of discomfort and do wonder how many more presentations he will give especially with Malcy?

Sense RG is not going to hang about and changes could happen quickly.

It will be no surprise, once the Market have digested RG's presence, the SP will move significantly next week.

Interesting times!!!

......by the way hope you have shares in the Brewery?

ajax ( that used to be a household cleaner...no offense) I have a gut feeling RG is going to rattle some cages,he does not seem the kind of person who takes lightly to mealy mouthed excuses.

We could see some dramatic changes.

GB looking at drilling stats it is reasonable to assume JOG's (18%) contribution for a 30 day drill is less than £1.5m.
The remaining £8+m is for surveys, geologists etc. How it is broken down needs to be defined. Possibly someone here knows or can direct us?

RG likely to get a seat on the Board. He has been involved with Oil. Can quite see a Board Room battle, which will focus minds. No bad thing imo, as Shareholder value will be redeemed.

An extension is made when there is an inbalance between Sells and Buys. The extra time allows trades to come forward which will make a balance.
It happened with JOG a few days ago when the SP was dropping and today when the Griffiths buy must have created significant demand which for a time could not be balanced with Sell offers. A good sign, which is encouraging for next week.

shredders that could be a positive outcome and give us all a better return than the current SP suggests.

A fresh set of eyes can usually see better value than those who are stuck in one place.

The other point is Richard Griffiths has picked up a larger volume of shares than Schroders sold. Is it not realistic to see a bigger jump in the SP as a consequence?

Does anyone see Asset-stripper in the CV? or am I being cynical?

Christ still not recd official documents? Are you worried ajax or relieved?

ajax don't forget at this price, his investment is underwritten by cash in the Bank.

Interesting purchase. Where have 1.5million shares been held until now?

One would think this scale of shares, larger than the Schroder sell, should have an equal if not greater effect on the SP.

ajax,share your disappointment and take a pragmatic view, wait and see. That approach has to be time-limited.

Sometimes one has to swallow one's pride, limit a loss and move on. That is basically where I am which suits me and demands on my resources. It may not be everyone's approach as can be seen by posts here. Ultimately I see No point in flogging a dead horse.

ajax, don't be hasty!! Would you not wait for the projected 10 bagger, or even 5?

herron, anyone, is it conceivable our BOD are not equipped for "Crisis Management"?

bullson as usual a fair and balanced appraisal of where we are, much of which I agree. Your statement of a few days ago encapsulated how most investors felt/feel......first time in the last 2 years I feel disappointed with the BOD.

The history can be debated ad infinitum, the basic issues are formulated by the lack of foresight, delivery of other opportunities and in many ways the lack of "plan B" in the event of lower than expected reserves at Verbier.

I suggest the recent result at Verbier, yet to be confirmed, casts doubts in the minds of Investors and the market, that other areas within the Licence may not come up to expectation. Remembering it is only JOG who have so far claimed the lower reserve at Verbier is commercially viable. Is it not critical our Major partner confirm the commerciality of Verbier. Let us hope they will before too long.

IMO, the nub of the problem being a junior partner, is information being fully shared, who ultimately decides on process and crucially who determines location of drills. Equinor are a mulit-national and the cost and loss of a well is a mere flea-bite to their finances.

Wolfson you have hit the nail on the head. What was a forward looking, dynamic organisation saying the right things 3-4months ago has in the span of a month it's credibility has slumped. At the moment the SP is standing at or around the cash-held value, so yes the Market is not convinced what reserves are present, which doesn't help anyone here.