Member Info for Robsroom

The majors need to electrify the CNS, hitching a ride will help reduce JOG costs but will push first oil out to at least 2028 as they do nothing fast!

Unless the 30k buy is a 30k sell!

Anyone have a link to this video? Some healthy purchases this morning

The 622p figure assumes a successful farm out and finding someone, other than us shareholders, to stump up the 200M ++ to move the project onto the next phase. What we know is BP didn’t want to do it, nor did equinor…so who will?! Smaller players will question what JOG brings to the table. Fingers crossed.

Some sizable sells going through, maybe the RNS was a tree shake to free up stock before good news? Do such things happen in the Gypsie fun fare that is AIM? Or sell now and buy back in at a £1. Wish I wasn’t just a clueless bloke on the internet :(

Great analogy dick! I’ve bought my tickets for the ride, now we wait to see if it’s a fun fair run by a bunch of Gypsies, or the real deal :)

Sorry a fish, you asked why I’m on board…

Pros

Good concept
Good short term upside (realistic 5 bagger)
No debt, decent cash
Board hold decent level of stock

Cons (the bit dick doesn’t agree with ??)

CFO hasn’t spent any significant amount of his cash on stock
Board did have shareholder friendly salaries but have since upped them drawing best part of a million cash out the business every year (basically hedging their stock holding).
Does anyone really want to spend a billion on a new North Sea hub? There are probably many better opportunities if you have that cash. Unless…you don’t have the cash…but can raise it from shareholders!
Unrealistic to become an operator

I’m in! I’ve been in and out since the verbier sidetrack, this stock has been good to me. I see lots of positives, but it’s no banker that for sure. I just like winding dick up who seems to think this is the most logical investment ever, sorry dick (and the dick fan club). Remember, I’m just a bloke on the internet.

Exactly dick. So you are a major operator with all the cash and resources needed to develop a field, you can a) spaf £50M up the wall on a bunch of journeymen, b) wait 18 months or c) tell the OGA you are ready to make a billion dollar CNS investment if they can put the right licences in play. I wonder what they will go for? There is nothing to sell!

Good news is if you were on 250k a year 20 years ago, with compounding and market returns over the last 20 years you could probably buy JOG outright :)

…but I’m holding out for £42 a share!

More here dick…

https://www.ogauthority.co.uk/licensing-consents/licensing-system/licensee-criteria/

They have a production Licence as an operator, if they can’t deliver as an operator (which currently they can’t), it goes back, the OGA have every tool they need to take it back. Just because they make a discovery, they don’t have it for ever more. But no fear…

I was walking down the road a week or two ago, early morning, and a dead cat drops out a tree. It was a close call and only just missed landing in the pram on the baby. Anyhow, I got the FOMO on Jog and took it as a lucky omen, so I’m back on the rocket ship with you dreamers! We’re off to the moon.

Howdy dick!

Have a look here…if they can’t deliver it goes back, simple pimples
https://www.ogauthority.co.uk/licensing-consents/types-of-licence/

There is nothing to buy, the staff are journeymen, a handful of directors on their exorbitant salaries….that’s about it. They gotta deliver this pipe dream or it goes up in smoke. But I’m back onboard at this price, love a flutter, and we’re off to the moon! £42 big ones a share I read on the boards :-o

But what is there to buy? 10 million in the bank? The Licence just goes back to the OGA if the commitments aren’t met. Can’t see the company being bought, best outcome would be massive farm out to an operator (80%) and free carry to first oil. Or they stick to their plan and find someone to stump up £100 million for 20%? Then raise another 100 million from diehard shareholders. That would be a roller coaster .

Same here, got the FOMO last week and bought 10k and it went through as a sale. Seems a soft market, maybe general bear market or maybe staff off loading some of their free stock?

Any activist investors looking to swap the CEO? It amazes me this guy and his Ex-Enron CFO side kick are still in post. Largest destruction of shareholder value in history of the company, failed buy back promises, initiating buy backs at 30 euro and killing the, at 10! Desperately needs an external CEO if this dog has any future. Should be £50 a share, not £13 :(

Interesting the directors have never been paid more, but not share purchases since last summer. They bought in December 2018, 2019 but not 2020? Would be nice to see a purchase, or are they running out of cash?

200 Million needed to get any oil out the ground, directors on 250k a year, where is that money coming from? It’s capital in short supply, not resources. Director shareholding’s had given me confidence until recent pay rises. No more than a dream and nice videos here at the moment. Good Luck!

The Gas Oil split is 50/50, with many gas contracts tied to oil price in some shape or form. BG is a mixed bag, not as expensive as some think because the deal tracked the oil price given Shell stock was used in addition to cash. Got great assets in Brazil, a new heart land? Sold much of the rubbish to fund the 30B divestment commitment. Massive reorg coming in December to reshape as a New Energies company, conventional O&G exploration to be closed down. This should be a 500B market cap stock if you benchmark with the Nasdaq, very questionable the value in massive Shareholder returns over the last 10 years, strong argument market would have preferred to see that invested in the company. A steal if this drops back to 10 GBP.

Looks interesting, potential for significant upside with committed partner in Shell, strong cash position to get them to the well drill, expect OGA announcement in the summer will give more acreage with Shell. But, begs the questions...how do they pay their way with a major for who costs are insignificant? Why are the Director and CEO share holdings so small?

Took a good chunk of change of the table here this morning, still have some fun money in and would love to see 2,3 and 4p. What worries me is logic of this setup for ARA, they could have bought Aminex a couple of weeks ago for less than their commitments to carry Aminex to production, instead they have Put their man in as CEO?! Very generous share awards to the rest of the top team...why so generous? Perhaps they wont be so generous when they are exercised in a few months time!! The only reason I can see for this odd set up is so they can tap share holders for more cash. Hope you only have money you are willing to lose in here!

Yeah big spread, but hard to see how it goes back to 4p, even at 7p it’s only worth 7M. Marks owns 40% and won’t let it sit here. Workers furloughed, business rates scrapped, rents renegotiated, online sales, could work out well. Takeover target potential as well.