Member Info for jim333

james, just seen this. i can confirm quite categorically i have not sold any shares in the last 18 months. i have no intention of doing so. i know my son is thinking of a small increase. we all believe the same ie the fundamentals are sound. it is a pity it is taking so long but i understand the govt have been a bit flaky in the last three months. it looks to me that is settling down so...on we go!

morning Dick, and likewise always a pleasure to hear from you and that your blasted illness is not getting you down (too much). i also agree this time is different. the key word from AB was "October". he was never going to be so precise unless there really is significant progress. of course even at DD stage things can fall apart but the better probability is how you have outlined things. Having already thrown in the kitchen sink, last week i threw in some gold plated taps, so my shareholding has increased a bit.

James, you asked my views particularly about the silence. well nothing has changed. my view is dominated by the possibility that the share price will reach £10+ in due course. therefore the odd delay is not significant. i agree there are many positive issues coming together at the moment and the new prime minister's support for more UK production is very welcome. At this moment my son , 3 daughters, and my fiance have all bought in so there is going to be a mighty implosion if JOG fails us!

suddenly thrust into the limelight.... it is true that between us (myself, son and daughter) we probably hold around 10% of the shares. i talk with AB very seldom and i respect that i am not allowed inside information. my overall view is very similar to Dick's ie i am glad AB brought in ex directors from Ithaca. and the "climate" for investment has changed dramatically in the last twelve months. personally i think that is half the problem ie during covid it was very difficult to value such an asset which was on its knees and now it is the opposite . both cases make it very difficult for an agreement to be reached. Dick's experience and comments are superb and he explains things far better than i so i am happy to take a back seat. i have been involved in oil logisiics but i am no expert on the north sea. BP and Foinaven should be a clear marker for JOG. keep waiting chaps!

No all big purchases in the last 4 days are (over £50k) are mine

Ha ha ! Afraid not. But in my view anything under £2 is cheap

You may remember a post a few days ago from bob333 (my son). Anyway I can confirm that for the last few days I have been on a massive buying spree. Hence SP rising from 135 to 150. I am only half way so the price will continue to rise. And yes Dick once completed there will be an RNS

dick and poor timing. yes it is a bit arbitrary. when i raised my stake by £170k about 6 months ago i was advised that it is only necessary if i increase my % by more that .5%.
the issue of my son is also clear. our collective shareholding is separate from a legal point of view unless i lent him the money (i did not ). its just that we are likely to consult and agree if there is a shareholder vote on anything significant

tommy 393 - you asked if i was still in. answer is i sure am and until today have not bought/sold for many weeks. however i decided today to sneak under the wire while all is quiet and possibly hostile (cop26) to but two tranches at £100k each. Dick that answers your question - well spotted. whilst i take in everything that DU tells us and very worthwhile it is , to me the simple fundamentals are straight forward ie JOG is sitting on 126mbs of certified oil. given the already stated cost of extraction at $30pb and today's price of $82pb we have gross margin of $6.5b. to me it is unnecessary to try and convert that to a share price because it will definitely be greater than £15 a share. and that is fine by me. my son agrees and between us we probably have around 6%. and we are not selling.

i am also great supporter of Dick's analytical skills. in addition to his summaries it has not been mentioned recently that GBA is surrounded by two major Chinese parastatals, Sinopec and CNOOC. For them $1billion is chicken feed and there is huge attraction given they are already there, know the territory and the risks. i have mentioned this to Andrew and he grinned. say no more. chins up one and all!

one or two posters have asked for my opinion... fundamentally i agree with Dick in the sense that the last two weeks have seen the ball dropped but the fundamentals are still there. in business management one of the key policies is "no surprises" and we have seen a few recently . if these things had been mentioned more clearly in the last update i don't think heads would have dropped. nevertheless we are still on track for a decent farm out in the next few months. i have neither bought or sold in the last 3 months

Dick = class

Dick, firstly may i offer my support to your recovery. as the elder statesman on this blog your views are appreciated and, speaking for myself , highly respected. assuming you mean me , as major investor, then no i have not been consulted and to be honest i am not sure that i should be. AB and i do speak now and again . i have already given my views on JOG in the past but in summary , i am a long term shareholder, and i am pleased with the strategic direction and the quality of the management. it is difficult on these blogs to be even handed as there are always newcomers who understandably can ask silly questions but i think we should be sympathetic and welcome them to the club.

if there is any good news in this bloodbath it is that shortly Bab**** will have a new CEO and FD. they will know what their priorities are and know they have to turn things round fast blaming the previous regime. the company has been living off past glory and now needs to knuckle down especially on cost

Ajax...thanks and agree we LTH are all in the same boat. not much to do in the meantime

shredders...if you mean me then yes. it also answers Munchbox's rather surly note. it had to be published anyway

Dick, thanks for telling me. i assumed JOG would know through the Halifax. anyhow i have now been in contact with JOG company secretary so it will be put right soon. thanks again

Hi Ajax62. you are correct and now between my son and i we have around 5% of JOG. that is our level of confidence. you will not see it on the JOG webpage it is buried in Halifax etc. i have just been notified the purchase went through at £1.59. slightly surprised MM found some shares to sell so quickly. but no matter it does not change my long term views

agree that given the direction of the oil price this is going to improve confidence in JOG. at this stage it does not really matter whether it pans out at £10/£20/£40 per share. the point is any of those is a huge increase in the current price. i have just put in an order to buy another £150k. that should keep it going up

i think the issue is psychological. we all agree that the shares are seriously undervalued - maybe by x40. but virtually nothing is going to happen in the next 4 months . so there are many big shots who can make say 20% elsewhere and then return when things get tasty. that is why when the buying starts there is panic to catch the bus. for those who have patience this has to be a one way street