Member Info for x54v

The directors were keen to load up around current levels in May:

https://investegate.co.uk/jersey-oil---38--gas-plc--jog-/rns/directors--dealings/202205060700075872K/

Very much closer to that potentially transformational farm-out RNS now.

Strong near-term upside potential from here.

"it doesn’t take a genius to work out that a successful farm-out to a well-funded counterparty could create substantial value for the company’s shareholders"

"shareholders shouldn’t have long to wait to discover if a company transformational deal can be done."

"could easily double or treble if Jersey hits the big time with its farm-out discussions. Buy."

https://www.investorschronicle.co.uk/ideas/2022/09/22/poised-to-hit-pay-dirt/

Multiple director purchase RNSes since re-listing with 4 directors buying in the market.

£358k worth of shares bought by the directors in total with an average overall buy price of 25.2p and a high paid of 30.91p

With so many recent purchases, they clearly see strong upside from the current level.

Further sizeable buys after the 15k @ 340.

4 x 10k blocks @ 342, 342, 343 and 345.

Nice £51k buy earlier - 15000 @ 340

Buyers loading up again. Understandable with potential near term transformational news on the horizon.

https://twitter.com/zakstraderscafe/status/1578817957496762368?s=61&t=TH52MlYJ1FHLuWrIrwDmJw

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-weekend-bulletin-board-heroes-october-8-2a0a4b7/

The risk of course in not being exposed at this point is that you miss out on the huge gap up in the event of a transformational deal.

—

“Based on these near-term considerations, analysts are of the view that the time is getting very close to securing an optimal farm-out and that timing has become, by far, the most significant factor for the maximisation of shareholder value via Jersey’s farm-out.”

“The majority of interested parties are expected to complete their technical due diligence in October 2022, so shareholders shouldn’t have long to wait to discover if a company transformational deal can be done.”

Plenty of potential upside indeed, and in the near term…

“the best assets will be developed first and Jersey has undoubtedly one of the best underdeveloped assets in the UK North Sea. In fact, it is one of only three pre-Final Investment Decision (FID) projects with resources over 100mn barrels of boe.”

“it doesn’t take a genius to work out that a successful farm-out to a well-funded counterparty could create substantial value for the company’s shareholders. In fact, analysts’ target prices – Arden (700p), WH Ireland (722p) and finnCap (572p) – could be erring on the low-side in the event of a major liquidity event materialising.”

“The majority of interested parties are expected to complete their technical due diligence in October 2022, so shareholders shouldn’t have long to wait to discover if a company transformational deal can be done.”

“The company’s share price … could easily double or treble if Jersey hits the big time with its farm-out discussions. Buy.”

https://www.investorschronicle.co.uk/ideas/2022/09/22/poised-to-hit-pay-dirt/

"Favourable fiscal and macroeconomic developments have further bolstered interest in our on-going "Greater Buchan Area" ("GBA") farm-out process"

"Interest is strong"

"commercial discussions are ongoing with serious, well-funded counterparties"

"Substantial progress has been made, with the majority of interested parties forecast to complete their technical due diligence in October 2022"

https://investegate.co.uk/jersey-oil---38--gas-plc--jog-/rns/interim-results/202209220700122293A/

"The Afentra story is all about the deal with Sonangol whereby Paul McDade and his former Tullow colleagues have picked up a seriously valuable portfolio of acreage in Angola. I have made my position clear since the shares returned to AIM and feel that this deal has incredible upside yet to be fully realised by the market.

However it is worth noting that directors have been buying shares with cash since then which shows just how much they believe in this story. A good initial production story with substantial upside is by no means in the price and the shares are remarkably cheap at this level."

https://www.malcysblog.com/2022/09/oil-price-dec-reabold-getech-afentra-serica-president-uog-i3-and-finally/

"The background is excellent as the GBA project is pretty much unique in terms of a sizeable play, with substantial upside and will appeal to companies of all sizes and from multiple geographies."

"Those shareholders who have stuck with JOG have been rewarded this year, the shares have exactly doubled since February but I think the upside is so substantial that when a deal is signed a very high asset value will start to become clear. My optimism on JOG and its management has remained steadfast since the start and the reason why I am so excited now that GBA’s time is imminent."

https://www.malcysblog.com/2022/09/oil-price-jog-longboat-getech-and-finally/

"Finally, Jersey Oil and Gas (JOG) has come out with a very bullish statement this morning. The price is 240p offer and a screaming buy."

https://masterinvestor.co.uk/evil-diaries/evil-diaries-blanching-at-debt/

“shareholders shouldn’t have long to wait to discover if a company transformational deal can be done.”

“The backdrop couldn’t be any more promising.”

“Jersey has undoubtedly one of the best underdeveloped assets in the UK North Sea.”

“analysts’ target prices – Arden (700p), WH Ireland (722p) and finnCap (572p) – could be erring on the low-side in the event of a major liquidity event materialising.”

“could easily double or treble if Jersey hits pay dirt in its farm-out discussions. Buy.”

https://www.investorschronicle.co.uk/ideas/2022/09/22/poised-to-hit-pay-dirt/

“#AET Deal very close to done then new all time highs incoming”

https://twitter.com/sharesmatt/status/1574412553446383616?s=21&t=3rPjo1ixRGy1En4btSyOCQ

Perhaps the Newlands offloading the remainder of their stake. They declared a reduction to under 3% on Aug 26th.

Providing a good opportunity to add. Directors have shown that they are very keen around these levels.

A director bought 2 million in July at the current price taking his holding up to 12 million (9.6% of the company):

https://investegate.co.uk/more-acquisitions--tmor-/rns/director-pdmr-shareholding/202207191155259911S/

Loading up again. Now up to 5.68% of the company.

https://twitter.com/DDS_DocHoliday/status/1567855383129079808

The flurry of director buys at up to 30.91p also indicating their confidence in where the share price is going. Great opportunity to get in early. As Paul McDade says:

"This is the start of a journey, it's not the end of a journey. This is the very first rung in the ladder for Afentra. Personally I've been in this journey before starting 20 years ago and that journey went a long way, and I expect this journey to go a long way as well."

https://www.youtube.com/watch?v=aKUbMdewOVs (from 30:40)

Of course, another deal could drop any time.....

"right now we're busy, we're not just busy on Angolan deals, we're very busy looking at a number of other deals that are out there and we want to bring them to fruition."

https://www.youtube.com/watch?v=X_L8VmP8JBw

"Angola is the first deal through. There's plenty of running room in Angola. I don't think we'll be waiting 6 months...the whole model of Afentra when we set it up, we felt there was a wave coming."

https://www.youtube.com/watch?v=wO4pNP-2Ouc