Now we are seeing things improving and looking up after all this time waiting for the remedial work being undertaken by zphr. Williston has improved nicely, even on lowish oil price, we now have a good base here to move onwards and upwards. I am excited for the next 12 months but especially for the next 2 months and definitely for the next week.
I too had been taking screen shots of your, and others, posts that i felt were going too far. There have been several court cases over postings on these investors threads where people happily accuse management of all kinds of crimes, even when having never met or talked to management theya re accusing. Usually these cases are settled very quickly after the start of legal representation from the comoanies / individuals lawyers. Some time back i was watching a very interesting case of what was an ongoing diatribe against a group of people. i clip a piece from teh judge who looked at the case.
In a multi-defendant lawsuit concerning posts on an investors' bulletin board, Mr Justice Eady said that comments on a board are not to be taken in the same context as those in, for example, a newspaper article.
He said that the casual, conversational nature of bulletin boards meant that defamatory comments were more like slander than libel. Slander relates generally to spoken comments and libel generally to written and published ones. In English law it is harder to win damages for slander than libel.
"[Bulletin board posts] are rather like contributions to a casual conversation (the analogy sometimes being drawn with people chatting in a bar) which people simply note before moving on; they are often uninhibited, casual and ill thought out," he said in his ruling. "Those who participate know this and expect a certain amount of repartee or 'give and take'."
"When considered in the context of defamation law, therefore, communications of this kind are much more akin to slanders (this cause of action being nowadays relatively rare) than to the usual, more permanent kind of communications found in libel actions," said the ruling. "People do not often take a 'thread' and go through it as a whole like a newspaper article. They tend to read the remarks, make their own contributions if they feel inclined, and think no more about it."
Nigel Smith runs a shareholder action group and his behaviour prompted comments on investor discussion bulleting boards run by ADVFN Ltd. Smith sued ADVFN and 37 individuals over comments claiming defamation.
What a great way to start the day. The team in place is the best, Insurance money has assured that as they wont want to risk anything going wrong at all and have another huge expence on their books. I just love the precision involved in this drill. In over 40 years of following OPilers on the Stock Market i am definitely very impressed with this crew at Zphr, CH in particular.
The fact they are so close to the other well is astonishing, after 10,000 feet to be just under 10 feet apart is simply incredible logistics. Well done them. Now roll on the flow rates. As for getting in cheaply today i think it must be the last possible chance, the price should start to move up sharply now surely.
Quite a few people take out a 10 day if they think a share is going to move. If they time it wrong they have to pay up. extend or close out, but we are certainly close now. At the very least we iknow we have ad the best experience and industry guys watching over the planning and work. Its a big reward if we get a reasonable flow rate, very big reward if we get a good flow rate.
All the garbage posted here by people wanting to talk the shareprice down isnt worth a damn. Its about the mineral, something JAY has acquired thousands of acres of. that and Kobold using cutting edge tech to pin point drilling locations for us. Watch out for more news and more interesting dynamics as we move forward now.
Racht2
You have to be joking making a comparison with Greenland and Tanzania. Tanzania are corrupt and radical. Currently discussing the options of either castration or death for same sex couples caught 'in flagranto' still lawdully degrading women as policy. Really. to Greenland?
Helium needs volcanic activity, what makes you think its likely AA have a cubic centimeter of Helium on their patch. Even if they did what makes you think they would not like more, world reserves are small compared to extraction and foreseeable need. A larger find in proximity would clearly reduce capex / opex costs on scale of economy.
You say you are unsure Greenalnd would back refinery facilities for Nat Gas and Liquifying NG. I believe, with equal validity but with more support from Govt aims, that they would indeed assist such an endeavour.
Do you, or have you, ever been on the board of JAY, of an advisor? You have a somewhat bitter approach to JAY
Regarding Ken titch, i dont think most critisism was about him writing against JAY, i read more critisism about him being a pompous self agrandising pigeon fancier who liked to bully others and did so at every opportunity on the Mike Walters Show. He is not yet proven to be right or wrong, the fat lady is yet to sing and Kobold are yet to drill Disko. Then we will really know, but not until then. What we DO know is that a good set of drill results from Disko, and these will be extremely good like Dundas, if the Disko geological DNA is comparable to Norilsk. Then JAY would have a share with Kobold in a globally significant mining opportunity.
Catbert.
I completely agree with you, any extra information that could underpin the economic case for Kobold to drill has to be good for JAY. The green case is beyond doubt, electric also looks as if its going to be replaced by Helium / Hydrogen. the Ni is also in vst demand ahead as is copper and the other metals Disko may come up with. Dundas is surely the monster it has been described as being since the 19th Century. I am bullish, stocked up and waiting patiently though it has to be said i have learned the finer skills of being patient as a long term JAY holder.
We are though, beyond doubt, at an inflection point with JAY, my guess is we will be hearing more about the Helium as well as Kobold before very long. As far as AA go this new BHP interest may stall or even speed delivery on our potential suitors.
This really is looking like a total winner, or chould i say Chevron winner!!!! Drilling about to start just along the coast which will propell things when RNSd in the next few days.
As the Aptian drift-source was deposited in a narrow restricted marine basin, it is not unreasonable to look for it not only in the Namibian Margin, but also in its less explored conjugate – the Uruguayan and South Brazilian Pelotas and Punta Del Este Basins.
The Punta del Este basin, located in the southwestern Uruguay offshore sector, shares similarities in its geology and hydrocarbon potential with the offshore Namibia Orange Basin. Seismic evidence for Aptian and Turonian source rocks includes identification of regional high-amplitude soft kick events associated with AVO Type IV anomalies, considered to be a positive source rock character. Similar events were identified offshore Namibia, which indicated the presence and maturity of a world class source rock. The key difference in the western conjugate is that both the Turonian and the Aptian are buried deep enough to be mature for hydrocarbon generation (Figure 2), mainly due to a thicker Tertiary section thanks to a high rate of sedimentation coming from the Rio Grande Cone.
To aid seismic identification of thick Aptian drift-source and Turonian GAE source rocks, ANCAP and EMGS have ingeniously reprocessed CSEM (Controlled Source Electro Magnetic) data with a novel Gauss-Newton inversion that allows resistive layers, such as those rich in organic material, to be imaged. The recently shared examples of reprocessed CSEM data (Rodriguez et al 2023) demonstrate the presence of resistive undrilled reservoirs at an analogous level to the Upper Cretaceous Graff and La Rona discoveries in Namibia’s Orange Basin. Below this geobody there is a more subtle anomaly, but covering a large regional area which correlates with an AVO type IV anomaly suggesting it is detecting Turonian source rock (Figure 3).
Well I for one really like the presentation. Very clear and constructed for easy understanding. With 12 million in the pipeline from Chevron and Block 3 up for grabs in good waters along with Chevrons excellent deal to fall back on for comparison, I think Farminees for Block 3 will expect to be paying slightly more.
I will be interested to see what pressure the upcoming April drill will have on ulliel. Will he go for early agreement thus hedging April's drill,or will he wait for results which,if drilling successful,would greatly strengthen his hand. I really like Uruguay as a country to trade with,its stability is a very strong underlying reason for my investment here. Loads of oil is no good if host government is maverick and untrustworthy. Famines will be very aware of the Uruguayan stability. Our current 12 million Market cap is going to grow for sure. Success in April and .450 is a serious number. Good luck to all holders,we have loads to gain in the coming short,medium and long term. Lovely share. Many thanks to Ulliel.
This link shows the Argentina Blocks next to ours , Equinor Shell and YPF are all involved.
https://www.ogj.com/exploration-development/area-drilling/article/14305260/equinor-sets-timeline-for-exploration-well-offshore-argentina
We do now seem to be in a sweet spot with CEG. We have a mazzive Multi National as a partner for Block Off 1 and are looking for Tenders frmom potential partners for Block Off 3. We have got Blocks in this highly prspective area. See link below.
https://www.offshore-energy.biz/as-farm-out-process-for-block-off-uruguay-kicks-off-multiple-oil-players-show-strong-interest/
The next drill in this entire area belongs to Equinor with 35% YPF with 35% and Shell with 30%. It is CAN 100. This drill is in the deep Argentina Northern Basin, now move further up the coast into Uruguay waters and we immediately see CEG Block 1.
So this upcoming well, CAN 100, now just 3 or 4 weeks away is going to further ignite interest. If the geology comes in as a potential producer then its all aboard for another Guyana, but bigger.
We do have a lot going on, clearly Ulliel has done a magnificent job, not just in securing the Blocks at silly prices but ahead of the majors. He is now able to prove has done a likewise excellent job in negotiating a real deal for us in Block 1.
the Majors are clearly very interested in our Blocks so news is likely to be fairly rapid as the die has been cast in his very adept handling of Block 1 making Block 3 all the more enticing for those Majors who want greater exposure to this area.
How we are still at a 3 15 million Market Cap is beyond me, but the market trading has been very thin for a long time now. Things here though are seeing a rennaisance, . 25 years ago the big Institutions held nearly half of UK shares. Now they hold less than 5% having bailed out in the face of crises such as Covid, Russia, China the US etc. Its very interesting to see that Liberum pointing out that Euro Stocks are trading at just less than a 20% discount to their 25 year average, while the UK...wait for it, is trading at just less than a 50% discount to their 25 year average.
The brokers reckon on the UK stocks making a big comeback over the next medium term, with small caps out pacing the big boys. I am hanging in on CEG with 6 million shares at an average of .12 of a penny.
We still have the newpapers, commentators like Malcy and of course more RNSs to bring in more news. So far at teh current price we have not added the full value of the cash in the Farmin. It takes time. Once todays rush is over and any institution decides to grab a little bit of a 20 million market cap company, partnered with Chevron in the most sought after new Province in the OPil and Gas industry, the share price wil react. Its all to go for from here and i expect Malcy and tomorrows newspapers to say just that.
I dont really think that Eric S. can come forward to give an interview until the forward looking decision process from Kobold is known. he may well RNS it before his interview. RM said ' weeks and months ' which muddies the timescales somewhat but given Kobold are in Strategic Mineral Exploration, and given their success so far, one can only surmise they will carry on if they think the Ni & Cu are present in quantities enough to make their stake not just attractive but very attractive to the Majors. One of which is next door, another of which has been involved already with the project.
I guess we have to wait for the current seller to get out or reach their sales target. After that we should get our RNS. My thoughts only for what they are worth.
Looking backwards does of course include looking at past RNSs which include the very positive ones highlighting the fact CEG has this acreage in an area which has attracted considerable interest from the Majors who in turn have backing from Sovereign funding as well as Public companies, large ones at that. Also a very large amount of money has been agreed by these Majors to investigate their acreage. Not long now.
Hi Enuff
You dont seem to mention in your list of JAY 'shortcomings' Covid. It shut Greenland down for longer than us. Good reason for that, the population is small, spread out in tiny groups but with people moving around, group top group, village to village in non-stop trading, visiting relatives friends etc. The Govt knew if Covid got hold, the Ethnic groups, spread out as they were, could not possibly get medical help in time to stop the virus spreading.
JAYs work was put on hold. Rod Mc sold his shares and left, see relevant RNSs, dont blame him, but when it turned out the next management were useless he returned, bought 70 million shares back, and is now helping the company recover, which from the RNSs is actually happening. What RM will do now, or when or how will no doubt become clearer as time moves on but for sure he is the Geologist who has motivated JAY more than anyone else.
As investors, us who hold, and in fact many of us who have increased holdings, are waiting to see what Kobold do. They can leave, giving up thier 2% controling share, thus losing their past large investment, or go the one step further to prove up what the results of their work so far has shown. Results have shown clear Geological evidence that pursuing their strategy to the next stage is likely to give final proof of Ni content on JAYs lease land. Part of your inabliity to understand Ashtons posts may be because he has actually read DEEPLY into JAYs reports whereas you have not. Like Ashton i too have read, still do read, every word of the reports, not just from JAY but also from others. Like Ashton i believe in JAYs future discovery potential via Kobold, contingent upon the fact that they do decide to drill. I cannot speak for anyone else but thats how i see Ashtons posts.
Your sarcasm about Ashton having as twist in the tale with Gold in Dundas is of course just you making up stuff, you should be aware however that Gold may just be of importance one eay when JAY eventually RNS about their other properties, some of which do contain, not 'Fabled Gold' but the real thing.
Never mind, its all down to each of us to do our research and act accordingly. Pip Pip.
What i really dont undersatnd is how on earth anyone could imagine that in a Country as tiny as Greenland that they would be able to get away with trying to do business behind JAYs back and no-one would tell the JAY management. RM must know practically everyone in Greenland who was connected to the decision taking on Geological matters, likewise the Danish Govt officials living there. How could he thought he could cheat JAY and get away with it, i cannot fathom.
Santina,
I was looking like you at the .130 it was important that we closed tonight at .105 I am expecting some good buys tomorrow starting off first thing with some several million buys. If so the Market Makers are moving the price up to ready for news since this Market Cap is just stupid if a Farmin comes through as it has GOT to be with Shell or another giant. Likely Shell as the borders make it so easy to make a pass straight through Block to Block with any Siesmic etc etc
This lot here babbling on will get one hell of a shock if News comes in as there isnt going to be aby chance to buy in to what will probably jump to .250 then work up quickly to the .480