Member Info for Robsroom

Lots of trades going through. More options maybe? I see cairn sold out of catcher to Waldorf and announced during COP no less.

This is the kind of deal we need to see :)

https://www.lundin-energy.com/acquisition-of-a-further-25-percent-working-interest-in-the-wisting-development-norway/

VK, they would have needed to stump up 700-900k of their own cash to exercise the options and not sell. Or they let them expire. Or they do what they’ve done, found a buyer to take a 2% stake in the company, increase their shareholding and take another 218k pay check.

The option exercise explains the 558k sale on Friday, but can anyone explain to me the 500k sale at pretty much the same time?

It might leave a unpleasant tasty these guys taking another 218k cash and more shares (if I understand the exercise correct), but the flip is someone is actually buying them. On one hand, they didn’t manage to sell the shares for market price (say 160), on the other, someone thinks there is upside to 140p to the extent they’ve stumped up 780k. AIM…It’s a casino, directors come first, shareholders second (often last), but at $80 oil anything is possible.

At least big Ron hasn’t sold up ?? In another life I would definitely have studied corporate finance, it’s as close as you get to printing money. Ive just topped up, positive spin is they have a buyer for the new shares and the are tidying the house (and increasing shares held) prior to Dicks long predicted sale!

I hope so VC. The number of shares is very close to the number held by Ron Lansdell, maybe he moved them to a company for some sort of tax benefit, but that would go through at market value I would have thought. Hell I’m just a blessed fool, nothing beats a Monday morning in casino AIM.

Should be a good opportunity to top up Monday morning! Unless that was Ron off loading his shares Friday afternoon (shudder the thought). It’s a casino and I’m all on black.

Indeed there is a chance Dick! I love the idea of a PE firm doing the calculations with $80 oil and their RBL facilities and stumping up 400 million for JOG. I just can’t see the RNS from Benitez ‘The board recommended accepting the offer from Waldorf, which represents a 1000% mark up on yesterday’s closing price of £2 a share’. Mind I will party hard if they do manage a sale :)

?? me bad. He did once buy 12k shares, and has almost doubled up with placings.

That’s exactly the kind of wishful thinking I visit these boards for penguin! Selling the company would be like turkey’s voting for Xmas. The cfo hasnt bought a single share, suspect he’d rather keep his six figure salary. Hope you are right

Interesting to see OPRED killed Jackdaw yesterday and no reason given. Maybe electrification is a prerequisite for any future dev.

If jog are acquired after a farm in, their share of the Licence would transfer to the new owner, but it’s fanciful this could ever be an outcome. Think about it, who would spend 200 million to enter a partnership with a lean ‘operator’ with the remotest likelihood someone else would be spending their money? I think these guys genuinely have the ambition to be the next rockrose. Where it gets interesting is if they can buy a production operation with the few million they have left, this would then give them serious cred as an operator. Next stop is a green deal farm out in time for COP…£6.24 closing when the RNS drops.

What will we close at on the day the farm out RNS drops?

Would not be able to drive the car…tremblingly with excitement with the valuation of your Jog holding? As for Ernie P, party is just getting started, Simon Thompson’s IC article landing in print in pensioners letter boxes tomorrow. 200p and then an RNS to stock the fire. Cooking on gas. Kill the cat.

Looks like it’s just started the second leg of a breakout, so I suspect lots of traders wanting to play that, could easy take us north of £2. As for COP, when the facts change…80 dollar oil, an energy crisis, a fuel crisis and an incompetent government, I can no longer see COP being a blocker.

Lots of trading activity, it was dead as a duck a couple of weeks ago, now big trades going through, buy and sell.

Huge spending? Not really, that’s the business you are in, hope you have deep pockets. They’ve brought on staff, most of whom will be on 6 figures and the cost to business is likely 3x salary. For example a petrel license for a geo will set them back 200k + a seat. Then you’ve got studies undertaken by other companies with their staff billing out at 2k a day, surveys costing hundreds of thousands of pounds. Costs are only going one way from here. Let’s just hope we can get past 170p when they next raise :) oh and the board on 20k a month each.

Grimbo Chrimbo. Yeah I bet there is interest in collaboration on the electricity cable, who wouldn’t want JOG shareholders to stump up part of the cost for a net zero nice to have. Looks like less interest on the farm out, oh dear.

Wouldn’t want to be out of this over the weekend! ?? good weekend all

We’re off to the moon! A few more 20% on 20% rises and we’ll be back to where we bought in with the placing. Kill the cat.