Keyhole Three
09 Oct 2017
Worth the wait And breathe out....
admiralty12
09 Oct 2017
Markey Cap MC is £18m at todays opening price of £1.80. Minimum discovery stated as 25mBOE. That looks very cheap to me. I'm sure this will be a rollercoaster for a while and still nowhere near it's recent highs which were with only a 28% discovery chance. Good luck. Glad I held out.
admiralty12
09 Oct 2017
Discovery Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company ?focused on the UK Continental Shelf ("UKCS"
region of the North Sea, is pleased to announce an oil discovery in the Verbier sidetrack well, 20/05b-13Z. The well has been drilled safely and within budget to the planned total depth of 3811m and a suite of log data has been acquired via Logging While Drilling ("LWD", including pressure data.Preliminary analysis indicates:The well has proven a hydrocarbon accumulation in good quality sands, up dip of the water bearing sands encountered in the initial wellEvaluation of the well results, together with the existing 3D seismic data is ongoingInitial Operator estimates of gross recoverable resources associated with the Verbier discovery are between 25 and 130 million barrels of oil equivalent, with a minimum proven recoverable volume in the immediate vicinity of the wellbore of 25 million barrels of oil equivalentIn addition to confirming the presence of oil in the Verbier prospect, this discovery provides valuable information to help better understand the prospectivity of the licence area, which includes the Cortina prospect and the Meribel lead. JOG holds an 18% working interest in the licence.Andrew Benitz, CEO of Jersey Oil & Gas, commented:"We are delighted by the positive outcome of the Verbier sidetrack. The well has achieved its objective by encountering good quality, hydrocarbon-bearing sands, up dip from the initial well with the results exceeding pre drill expectations for the sidetrack."Jenny Morris, Vice President for Exploration in the UK of Statoil, commented:"The results show that we made the right decision to sidetrack the well and this discovery proves that there could be significant remaining potential in this mature basin… we are convinced of the remaining, high-value potential on the UK continental shelf and the Verbier result certainly gives us the confidence and determination to continue our exploration efforts."
BOWOOD
05 Oct 2017
Tax Losses Massive tax losses - some £25m plus and a M/C of just over £5m. An interesting shell and there seems to be a lot of opportunities up for grabs in the North Sea. I'm new here so any thoughts?
EasyBrent
20 Sep 2017
Sidetrack What is the prospective resources for the sidetrack?
II Editor
18 Sep 2017
NEW ARTICLE: The Oil Man: Jersey Oil and Gas, SDX Energy, Empyrean "WTI $49.89 n/c, Brent $55.62 +15c, Diff -5.73 +15c, NG $3.02 -5cThe week ended quietly, but performance was impressive with WTI up $2.41 and Brent trailing behind up only $1.84.This morning the trend continues and both are up another 30 odd cents ..."[link]
Keyhole Three
18 Sep 2017
Second bite of the apple 'Possibility' of commercially attractive accumulation. At least SP has recovered a bit.
eagle51
11 Sep 2017
Re: FAO: Eagle51 Yes, tth - more than disappointing. I'd de-risked to an extent and JOG/TRAP owed (and owes) me nothing, but no-one enjoys seeing a lot disappear from the value of their portfolio. Mine was decimated today but these things happen; no-one died. If the drill had come in, I was considering being profligate and buying something like a plane to annoy a few people who deserve annoying. Oh well - maybe next time.There's been a lot of speculation today about what JOG has left that makes it worth anything. It's not the directors' fault that they, Statoil and whoever else thought Verbier was a nailed-on certainty can't tell the difference between oil and water when it's a few thousand feet underneath the sea-bed. God knows why they didn't check it out first by testing it with a dip-stick with a bit of litmus paper on the end before hiring all that expensive equipment 
Seriously, I'm not that despondent as a longer term investor because I'm hoping value will return as it becomes clear JOG does have a future. It's the same one they told us about when they took control of what was left of TRAP. OK, they haven't made the hoped-for acquisitions of late-life producing, profitable @ $30pb interests yet, but they haven't been sitting on their hands doing nothing while trying to monetise an asset (P2170) that was supposed to be so productive (they should have realised it had been acquired by TRAP's directors so it was bound to be a dud).I'm told there's a lot of private equity money presently looking for investment in NS opportunities - the shortage is of clean organisations with talented teams to put the money to work in. And RBL funding is back on some banks' list of products on offer. I doubt there are many more clued-up teams than the one that's been assembled at modest cost in JOG. And I doubt there's much about opportunities in the NS and how to evaluate them that's not known by AB & Co. The word is they're not only seen as capable, but hungry, so I'm not that concerned about JOG being able to raise the money to put together some imaginative deals sooner rather than later. It's now time for action though - they've had 2 years and some people are becoming impatient (me for instance). It wouldn't have been feasible (as I see things) to put anything together whilst the Verbier drill was going on - its outcome was always going to fundamentally affect the share price and would have made any 'corporate level' deal impractical - but that is now behind us.It's time to get to work putting a few deals in place. I'd expect to see something substantive happening within the next 3 or 4 months - if not, my comments are likely to start echoing those of moorlaner................starting with: aaaarrghhhhh.Plop. fwiw - my white knight is SQZ............not recommending, just saying. I'm also holding CLNR (a punt) and SOUGLA
dickie3times
11 Sep 2017
Long term holders....take a hit Now with fresh faces taking the bull by the horns.....hopefully the sp will continue to rise back towards par value. £1.20p looks to be the next target for LTH's. With only 10m shares in issue it looks as if the selling was grossly overdone. Today's drop to 30p was soon taken advantage of by investors looking for a quick buck and many that need to recoup their losses...
one4all
11 Sep 2017
Re: now 29p....small buy at that price easiest 2 grand i have ever made, the fall to 30p was just too good to miss
moorlaner
11 Sep 2017
Commiserations to all. Firstly caught out by Trap and now this one. aaaaaaaaaaaaaaaaagh
tiptoppunter
11 Sep 2017
Re: FAO: Eagle51 My commiserations on the disappointing results. It is never nice to see PI's lose money especially on AIM! I just hope a lot of people derisked given the meteoric rise from sub 15p. There will be a bounce but should settle into a lower range if no news for a while. Should I say that I was lucky not to have taken a punt or was it thanks to TA?GlaTiptop
one4all
11 Sep 2017
now 29p....small buy at that price ,,
EasyBrent
11 Sep 2017
Should be down at least 70% today The stock should be down at least 70% today. The company has no real asset after the two dusters today. The stock was trading around 30-40p before they managed to farm-out Verbier to Statoil. The stock should go back to that level eventually.
Keyhole Three
08 Sep 2017
Last Orders Please Come on you City Traders, get out of the pub, take a look at this lovely prospect and have a punt not a pint
