Member Info for Robsroom

I think its a good example of the reality of the situation. Cash call coming I suspect but fingers crossed for better. TBH I struggle to see the upside for Equinor, they have the capital but want someone to spread the risk, hard to see how an ‘operator’ (who is yet to operate) does that. I have 40k shares so fingers crossed the Jersey Crew deliver.

Thanks for sharing the link dab. Interesting company with impressive revenue growth. I have a small holding and would like to increase but reading the report I have the following questions:

1) What are the 4.8M current liabilities?
2) Are there any feasible plans to reduce Admin expenses and Cost of sales, both are increasing (easier to understand for Cos with revenue growth) and leave a measly 1% of revenue for shareholders?

I’m blind to the history of this company, from what I can tell they have restructured in the last year or two, and I was hoping there would be a meaning full return to profit.

Somewhere someone has confidence, essentially a $5M loan - at least the haven’t been tapping up share holders for more cash. Maybe 2p on this? They must be confident of signing very soon to advance well drilling, or certified mad?

Interesting to see if it will move the SP?

I’d take a £5 exit, they are gonna need hundreds of millions to get any oil out the ground, can’t see how they can do this without tapping shareholders, then you have the challenge of staffing up to operate.

Apparently a couple of the Lombard research analysts were on the trial, and the gel didn’t work for them! Everyone one else was having a great time standing to attention, but sadly for these dudes they were left lame and are keen to bail out, DYOR as they say. I’ve got my buy order at 30.1 and will hopefully ride this bad boy home! GLA

Friday 20th September :D

Bah, brexit, this is meant to be shares talk. We will leave, junker will be out of a job, we’ll have billions of pounds a month, extra no more immigrants, British jobs for British workers as GB would have said, bring it on, we will leave and have our FREEDOM. Mind a stronger pound would be helpful and lower the dev costs for JOG almighty!

Thanks for sharing Rog9, surely good news any day now?!

Any idea what happened to the annual report? I can’t seem to find it on the website. Looks to be a lot of value here. Can anyone shed light on the 4.8million current liabilities reported in the 2018 interim report?

Very positive, putting an Operations guy in can only mean field development around the corner? Surely they would put a finance guy in if they where trying to engineer an exit. Come on Mr Market, give me 2p!

The only point I was making is I think these 500p estimates don’t recognise money is going to have to be raised to fund the FDP. Without that money, the oil is stuck in the ground. Genuine question (because I’m no expert) are there any other companies with 100M market cap and no source of revenue/production? I would like to see this covered as part of the Equinor deal, or a further farm down, rather than a placing. CLNR are a good example, they seem to go back to the market every 6 months for funding, IF Jersey go this root, you can forget life changing sums, 10 pounds a share, yachts and whatever dreams are made of, I hope they don’t, and would like to hear more on this ASAP - IMHO that is when the SP will really rerate. Delivery of the FDP is going to require tens, if not hundreds, of millions of pounds.

Thanks! Really good read and far more useful than STFU! I guess this is the paragraph of interest for me...anyhow, thanks for sharing and would love to see the Arden estimates realised! :)

Equity Capital Markets: Whilst not practical to consider the full range of public market instruments that may be considered during a licence’s life in this guidance, the Applicant should disclose any anticipated funding to be provided
via IPO, rights issue or similar offering along with anticipated timing of such a fundraising. Where securing funding of this nature is critical to the Commitment] the level of requested information and scrutiny by the OGA will be higher. Where such funding is anticipated as a future option rather than a critical source of funding,
detailed disclosure of such funding is not anticipated.

Jog needs to share the plan for getting the oil out the ground asap. It’s like have the parts for a 911, but if you don’t know how (or more importantly can’t afford) to build the car, its as good as having a pile of scrap metal. Might make 3 GBP on the farm in news, but will need financing plans (farm down?) to close the gap to targets like this and beyond.

Just need clarity on how they plan to raise funds for field development, if they can do it without shareholder dilution it’s a ten bagger for sure, moving my 2023 estimate from£10 to £20 ?? ??

3.4p for me :>)

Don't forget their is a bloke out their who has 4 million pounds worth of stock to sell to lock in his 4x return @ 200p for his two months work :) He doesn't need 3,4 or 10 pound to profit.

Joined the Aminex club today, guess it’s a bit of a one way bet on this despot we have running Tanzania at the moment. Curious, how much are AEX assets worth if the get the licence extension? Any other SP movers on the horizon? How would a reverse take over work? Aminex has been good for me in the past, way back In 2014 and again in 2017, fingers crossed 3rd it lucky? Or bust!

Another week of five percent daily gains?! Fingers crossed the good news continues to flow.

Exactly algu, costs to date would be suspiciously cheap, hopefully it includes some carry toward first oil...will have to wait and see.