focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Jersey V&C has been "floating around" for a while. Nothing new. JOG have several companies. Another company, Jersey Petroleum Ltd, shown as having 38% interest on the LIcence P2170 data has a significant controlling interest (greater than 75%) in V&C. In turn Jersey North Sea Holdings have a controlling interest in the Petroleum company and at the top of the tree Jersey Oil and Gas have a controlling interest in North Sea Holdings. Benitz and Forbes are Directors in all companies within the Jersey "group".
Andy144 - Assuming you can believe what JS says, he's been selling JOG shares in the last month or so to invest in PANR. This would suggest he now holds below 3%. He has also probably been the largest seller of JOG during this period which means he's been a contributing factor to the fall in price that he complains about. You couldn't make it up really, except JS does just that on some occasions.
JS - How exactly do you expect the 2nd FO to be completed before there is an announcement on the FPSO, which is outside of JOG control?
Alsoppc - yes, agree with your analysis. Whilst a 2nd Farm Out can be discussed I can see no sense in it being finalised before the FPSO is agreed.
JS - You talk of requiring patience and yet you seem to be the one struggling to deal with the required patience. The general consensus is/was that we should hear positive news in Q4 (October - December) and I'm sure a number of us thought that might include the latter half of September as being the return to normality after the summer lull. The reality is that we are now on Day 5 of Q4, hardly running late! Along with everyone else, I'd wish for news sooner rather than later, but as usual these things take longer and are more complicated than we'd like.
Suggest you re-listen to the recent ORCA CEO interview in which positive comments were made regarding the JOG team and the difficulties of progressing along and keeping to the planned timeline were highlighted.
I see the BS is now also on the PANR board and some posters there are tiring of the content.
Yes, some positive references to the JOG team and in particular Les Thomas. Also interesting comments on the timeline. Thanks
JS - Given that it was probably sells by yourself which caused today's earlier dip in the JOG share price before it recovered to the opening position then your comments hardly represent a balanced view.
CUPHALFULL - JOGs interim results and STs article would have been too late for the print deadlines of last weeks IC hard copy. May be included this week.
No not yet, but based upon recent years this is the 22nd September or later in the month, so we should be seeing something either the end of next week or the following week. Hopefully, an opportunity for some positive news.
Historically I was under the impression that AB was set on the former option but I’m no longer so certain of this. Presumably it would be determined by the value of any sell out option. Can’t see the team selling cheaply after all this time.
Once again Buys outnumber Sells, currently 2:1 and yet the price falls back. Nothing new but frustrating.
The Enquest Producer was “last weeks” favourite. Western Isles now appears to the current favourite FPSO and bearing in mind that NEO already owned 23% seems to make sense.
Yes, mainly small trades though the 25k unknown which took a while to go through was a buy. With the sea of blue I can't imagine stocks are high.
I've been trying to understand the pattern of trades recently. Quite a number of the "so called" sells are actually buys. Todays examples include the two 1,700 transactions around 11:00 which were buys as around the same time I was "executing" dummy sales and buys and discovered the difference between the two was marginal. Similarly the "unidentified" 25k was probably a buy and there were numerous incorrect classifications last week. In conclusion the volume of trades is low and the adjusted net difference between buys and sells is very small which doesn't support or justify the falling share price. MM's are presumably reducing the price to continue to generate trades/business. Very frustrating.
I’d read that Keir was spending part of the summer talking to O&G execs re North Sea. Wouldn’t be surprised to see change of Labour policy on future NS developments.
The asterisks should read research-tree.com
this should be the correct link:
https://*********************/media/audio-note-jersey-oil-and-gas-gba-project-value-and-context-12-07-2023
Zeus have this morning issued an audio note on JOG. Certainly making an effort to promote JOG.
Yes. Thanks, very helpful.