Member Info for Rollo_Tomazzi

WH Ireland have issued an update, maintaining 684p fair value and forecasting positive momentum in the sector for 2H 2023.

Agreed. I find it baffling.

Abatt1, the May RNS states: "It is anticipated that the farm-out will be completed around the end of the second quarter of 2023". This is not the same as "concluded by the end of Q2", as could therefore be at the beginning of Q3. However, a valid point was made earlier that it could be concluded for the AGM, which would be good. As to the remainder of the farm out I didn't get any clear idea from the RNS.

MPO818, yes, all sounds very positive. Agree with you re JS. Apparently there is also a JM Finn "Morning Note" released. Anyone know what's in that?

AB is presenting twice at the Mello Investment Forum tomorrow and according to a previous RNS the accounts would be announced in the 2nd half of this month. Seems reasonable to assume that if AB is going to say anything of interest tomorrow then Wednesday is a likely day for a RNS.

DYOR etc

The majority of the trades shown as Sells this week are actually Buys. I did a small top up yesterday @ 233p which was shown as a Sell and the same pattern seems to be followed this morning. Thus the current spread is actually 230p - 233p. Looks as though several existing investors are making small top ups prior to tomorrows event. Hopefully we'll have a positive RNS tomorrow and AB can encourage some new investors.

JS swore at posters who hoped that now that he was selling out would be leaving the board. I’d guess that he was reported as the post was removed …….

Someone has reported this mornings post and it has been removed. Probably due to a certain person’s comments who will now have been banned for 24hrs.

By posting on this board JS has kindly kept MM’s informed that he has nearly finished dumping so hopefully price should start to recover now.

...... and probably a significant contributor to the last few days performance.

Need to remember Parliament still on Easter recess so unlikely to have heard much on an EFL floor in the last 2 weeks. The current price fall is very disappointing and I find it hard to understand. Hoping for an improvement soon.

Search for "Jersey Oil and Gas" on the IC website!

I've been in since the first half of 2019.

everhopeful - I think you're being too "everhopeful". Where did you get "end of April at the latest from"? The 31 March RNS does not state anything about certainty of a deal at the end of April at the latest; it merely states "An exclusivity period until 30th April 2023 has been agreed". Also read jim333's post of 3rd April following his conversation with AB. It contains hope of a deal in April, but this could easily slip into May. Patience.

Pointscorer - possibly taking a late lunch?

I haven't seen our village idiot recently, but on behalf of the residents I'll decline the offer to make contact.

It's disappointing the board chose to wait till 31st March to issue the RNS. Could have spared some anguish if issued earlier. Presumably they were hoping/expecting the government to announce Windfall Tax floor, which means we could be in the same position if nothing is announced at the end of April.

Whilst I am confident that the government have consulted with stakeholders, I suspect Sunak/Hunt will not be impressed if an announcement is made on Thursday morning prior to Energy Day using what could be described as inside info. Happy to be proved wrong.

For those of you without access to the FT article, the attached link may be helpful:
https://www.bbc.co.uk/news/business-65077495
Personally, I wouldn't be surprised if we see no RNS this coming week. Positive news on Thursday could leave JOG in the position that details could be finalised within days and attempting to issue some form of update on Friday may create short term confusion and would be pointless when the "real thing" could be announced as quickly as early the following week. Whilst the JOG board may receive some wrath at this approach, they may take the view the measured risk outweighs this.

Surety - announcement won’t be Thursday morning, as pre-empts what ever Hunt will announce. Friday morning maybe to quick for dotting i’s and crossing t’s. Look forward to following week!