Member Info for MTSparky

Rockrose RRE have over £200m in the bank and grows by about £3m a week. The are hungry for more assets...you never know. A cheeky offer could be made.

JOG is easy worth £100m now IMO even though there is the development and funding to come. 100m - 400m barrels of oil is mammoth.

Funding won't be an issue IMO. JOG will likely get taken over before then.

170p to buy now. Order filling maybe.

..someone will probably take JOG over. Rockrose have £millions for acquisitions and are snapping up assets. $7 per barrel !!

What ??? the SP is rising again !! Lots of legs yet, JOG is still very cheap.

well the cash I chucked into JOG was my RRE re-list cash. If the RRE SP only jumps 50% (£12) on re-list I will be very happy with that and still buying more on Wednesday. Short term value has to be £25-35. With all this cash at his disposal AA is going to buy some more assets. What about JOG ?!?!?

only 22m shares, so there is only one way the SP is heading now. Still looks cheap to me !!

Before the RNS JOG m/c was £25m !!

Jimmy I owe you several beers mate. Saw your post and jumped into JOG at 1.16p this morning. These North Sea minnows are pure gold !!…;0)

JOG is just going to keep gaining in value now. £25m m/c !!

Who knows Ghost. Lots of money to be made in the North Sea though.

JOG RNS today.

JOG awarded, subject to documentation, 100% working interests and operatorship of three blocks in the Oil & Gas Authority's ("OGA") 31 Supplementary Offshore Licensing Round
· Acreage awarded includes the Buchan oil field and the J2 oil discovery
· Acreage is contiguous with JOG's existing interest in Licence P2170 (Blocks 20/5b and 21/1d) that contains the Verbier discovery
· JOG's acreage interest in the Greater Buchan Area ("GBA"), including P2170, is estimated to contain more than 100 million barrels of oil equivalent ("mmboe") discovered mean recoverable resources plus in excess of 300 mmboe identified mean prospective resources
· Work will now commence on a Field Development Plan ("FDP") with, subject to funding, first oil targeted for 2024 - JOG fully funded to submit the FDP
· Equinor and JOG have agreed a 3 month option over a 50% equity interest in respect of Blocks 20/5d and 21/1a (the "Buchan Blocks")

...bit of an understatement !!..;o))

The rise of RRE and SQZ was exciting but JOG reserves are mind blowing. What's the value of reserves $7 ber barrel?

RRE buying HALO would be a good fit for them. I see RRE are now in partnership with Spirit on several of their fields. Fingers crossed for a £3/sh offer. This is do-able for RRE.

My concern with HALO now is that with TTF gas at about 10/11euro it is squeaky bum time. Not sure what the break even TTF gas price is.

£35 / sh. Happy days ...;o))

https://www.bloomberg.com/news/articles/2019-07-17/fast-and-lean-how-north-sea-oil-is-learning-from-american-shale?srnd=premium-Europe

Pegasus fits that strategy perfectly.

Yes you may be correct, who knows. All fun and games, you can't fault Neptune for trying it on I suppose.

https://www.spirit-energy.com/about

Take a Google style walk around Cygnus and head to the wellhead. … plenty of room on both platforms for additional future capacity. Someone needs to give Neptune CEO a slap.

Operating Cygnus
The Wellhead
The wellhead is where gas from deep underground reaches the surface. Cygnus Alpha has 10 well slots and here you can see: two producing wells (topped with tall orange valve gear); one that has been drilled but is not yet producing (with a short orange ‘cap’); and two undrilled slots (concrete only). The Bravo platform, which is approximately 7km to the NW, has a further 10 well slots … plenty of room on both platforms for additional future capacity.

You and your Reliant Robins, get a proper car FFS...;o))

~£1 per share looks like the current value. I look forward to the Greater Pegasus Area development and IPO with a bit of trepidation, only 6 months of 2019 left so not too long to wait. Lets hope it adds lots more value, £5 per sh is my target!!

I'm good pal how are you?

The IPO does worry slightly, as there is likely to be more dilution. What are your thoughts on the IPO?

..on HALO website. IPO not happening anytime soon.

All about PW FDP now and assessing the financial costs before IPO. Cash position as expected £11.3m.