Member Info for marineclark

Don't forget that Simon Thompson of Investor chronicles has a big following, and his updates usually come a day or two after the RNS. That should add further momentum here.

Strap in folks.....

Cuphalffull

The past prices contains a treasure trove of information as to supply and demand levels. I use those levels of resistance and support to determine when and where to buy and sell.

IC tips are often a good source for making money. ST and IC has a big audience, and that creates a ready demand for the shares he tips. The shares tipped may not always the best but they don't have to be, the sometimes the audience will buy anyway driving up the price.

WIth Jog, there have been many occasions in the last few years where you could have double or tripled your money. if one had traded the swings. in middle of 2019, price went from 55p to 245p. A year later from 50p to 200p. six months from 76p to 263p and so on. Its not easy getting the timing right, but its possible to catch some of the big moves at least some of the time.

However, as production get closer, there is case to hold for longer as earnings get closer.

For mutibaggers potentia though, JOG is definately up there .

Cuphalfull,

I think whether one is a trader or an investor depends on your personality. I just don't have the patience to hold on for years and years. I need a little action, to get the juices flowing. Someone like Dickupham has plenty of patience and so his style of investing is appropiate for him.

I would be flabberghasted if this doesnt move at least double on the 2nd farmout news as it did one the first. I would prefer to wait a day or two to see how the price reacts to the news and if it does rally to see how lng that rally lasts for. i.e to observe the price momentum for any slowdown . It i see a potential reversal that will be my cue to sell and take profits. My view is that I can always buy back cheaper. I think that strategy works well for certain types for shares, mainly volatile ones. Technically, there are ways to ascertain the best time to sell on rise, typically after a 3rd or 4 base in a uptrend, thats when most of the move upwards has been made. BUt those are more valid for growth shares with strong earnings. For shares such as JOG, the driver will be any catalysts such as the farmouts.

As for your question, I do have other shares on my watchlist , so if it does nothing on the 2nd farmout news, I will probably exit and buy something else. Something surely must be fishy if it does nothing on that news though surely.

As discussed, because of the small number of shares in freefloat, I think the likehood that nothing will happen will be a very small indeed. My money is on a doubling. I hope it comes sooner rather than later.

This share isnt one to sit still thats for sure. With only 33 million shares in issue, and 14 million in free float even small buys or sells can cause big price moves. Which means when farmout 2 is done, this will go up like a helium balloon. Could be any day now, but got a good feeling it will come before year end.

JS, if there is no rise next week after your 400k share price then we'll know you are lying. Best to buy in before the expectant rally then...

2nd farmout any day now I reckon, maybe we could 3 bag on the news. DYOR.

Looks like some profit taking happening from those who bought in at the lows of 150p. This is a volatile share so nothing to be alarmed about. Just wouldnt want to be out when the 2nd FO news comes out thats all.

As for when to sell, The price is pulling back a bit from last week news.

But, because of the spread on this, I don't see the point in taking small percentage profits, especially with what could be 2 bagger+ news around the corrner. If you had bought at the recent lows of 150p, then sure 230p would have been a decent profit, but at my price around 185p, I didnt want to take the risk of missing out on the big news.

When it does 2 bag though, there's no harm in bagging a half or quarter of the profits and let the rest run. We all know that its going to drift back down again sooner or later for another buying opportunity.

Dickupham, I was thinking more about AIM oil/gas shares not the rest of AIM. There may be a handful that have gone on to do well, but the mass graveyard of aspirants that have promised the world but have left investors penniless are too many to name.

But I do agree, good research matters, and I'm no so good at the fundamentals as yourself so I leave that for the experts. There is place for trading though in highly volatile stocks, and this is one. It doubled in just a few days on the first farmout news, then drifted all the way back down again 3 months later.

As I I've mentioned, I think the sweetspot is to be a swing trader. Thats is to hold for an intermediate period of time. But thats just me. There are many successfull traders and investors.

Cuphalfull, hehe, only a fool would sell nwo with the 2nd farmout "around the corner". But feel free to sell if you must, I'm sure I can scrape a few more bucks behind the sofa to take those shares off anyone's hands.

Good luck all, we all here to many some dosh. JOG is a good share imo, otherwise I wouldnt be here.

I've been trading AIM oil/gas shares for more than a decade. They are not for widows and orphans. Almost all have gone bust. Only one I can think of that hasn't is GKP, which I was watching when it was a penny or two. To be an long term investor in this sector is a massive gamble. Take a look at IOG to see how even a producer can go under.

That said there are a few good ones, worth trading, not investing. This is one for trading imo. In the chance that all works out here and it gets to production, then I may consider going investing for longer, but there are plenty of good growth shares out there that could multibag and also paying dividends.

Also, it best to filter posters you don't like. Its getting kind of stale hearing the constant bashing...

17th of November, " JERSEY OIL & GAS* FPSO secured for Buchan redevelopment Excellent news for JOG, which has secured an FPSO for its Buchan field redevelopment, delivering a key tangible milestone for this project and triggering a US$9.4m farm-out payment from partner NEO Energy. The vessel will undergo limited modifications by early 2026, keeping the project on track for a late-2026 start-up. FDP submission is expected early next year, with approval triggering another US$12.5m stage payment but a second farm-out is key to unlocking our 755p price target. ..."

https://www.cavendish.com/research-portal/#/portal/cavendish

Registration is free... dont even need a PW just an email address. Search for JOG. I've only pasted the headline, there is lot more.

Good day today. We had a gap up on open. Last time we had a gap was two years ago, and the price went on to double. Double bottom now confirmed as price has closed above the high between the two bottoms. Price held up during the late morning, and futher demand in the afternoon continued to support the price higher. Price closed perfectly at the top, with no top shadow. All the signs are there for further upward momentum next week. But don't expect price to rise in straight line, not unless the farmout news comes.

Next resistance is 235p. I'm up 14 percent, so no complaints so far:) Would be nice for a 2/3 bagger before year end...

Might get an update from ST from Investor Chronicles tonight. That should drive up the price some more next week. Sometimes, the opportunity to buy cheap before the crowd comes rushing in, comes along once in a long while, and this is one of those shares.... DYOR.

NOw, waiting for the biggie... the 2nd FO...

Just noticed that Adonis holds 87.5 million shares in this. That is a lot of skin in the game.

It does give confidence that he's not messing around with the objective of increasing share holder value here. And also no messing about with getting the best farmout deal .

It indicates that one has eaten one too many pork pies....

Nordell, I agree with your wave 4 out of 5 elloit wave analysis. I went with a lower target of 40p because of the gap resistance.

Nice one hubenstein, its good to hear people like yourself have banked a shedful of cash. Just shows that good timing and being in the right share works wonders to ones bank balance.

Nordell, just before the curent rectangle pattern was a descending triangle formation of height about 15p. If price does manage to break out above the prior high resistance of 25p, I see the next target at 40p(25p+15p), which actually has historical technical signficance as it is where the price gapped down to about a decade ago, a long time ago yes, but these past levels do seem to still have support/resistance power. Of course, there are intermediate targets from 25p to 40p, governed by fibonacci ratios, but I have 40p. Not sure the time frame. could be a while yet before we see that level. As per Gooner, very likely for rallies to sold into but assuming the fundamentals/news is increasingly better the price should sit at the next higher level. The moving averages are positive for higher moves.

That said, any disappointing news here and things could get nasty very quickly, so DYOR.

To be fair, if you had bough at 1.65p and sold at the 25p, you would have a 15 bagger. Its hard to find big multibaggers these days, but there are still a few around. In the US, AMD was a 100 bagger if bought six years ago at its lows. Need a bit of luck also, but it helps when you have some idea of where to stick the cash.

Gooner, there have been 2 major rallies here since mid 2020. After each rally there has been a long period of consolidation. The last major rally occured in feb-April 2022, and we have been in consolidation for about a year. The time is ripe for the next major rally, and the catalyst this time will be the farmout. An excellant farmout deal will take us to 25p and beyond I'm confident to say, and with 40 companies interested in farmout I find it hard to believe that anthing other than an superb farmout deal is in the making. I deliberately stayed away from this share until the time was right, and my timing has proved impeccable many times in the past in other shares, hopefully can get a repeat again this time. Things look good here. But nothing is written in stone, so DYOR as always.