Jersey Oil and Gas (JOG)

Saturday, Feb 02 2019 by
8

Company Web site : https://www.jerseyoilandgas.co...

March 5th 2019 Interview with the CEO:     Video Link


Jersey Oil and Gas is a London listed UK E&P Company focused on building its position in the UK North Sea.

In October 2017 JOG announced an oil discovery in the Verbier sidetrack well, 20/05b-13Z drilled in License P2170. The well was drilled safely and within budget to the planned total depth of 3811m and a suite of log data had 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 well

*Initial 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 well bore, of 25 million barrels of oil equivalent

In addition to confirming the presence of oil in the Verbier prospect, this discovery provides valuable information to help better understand the prospectivity of the license area, which includes the Cortina prospect and the Meribel lead.


Appraisal well on Verbier to be drilled in Q1 2019.

Jan 2019 Presentation : https://www.jerseyoilandgas.com/wp-content/uploads/2019/01/Corporate-Presentation-January-2019-Rev-21Jan19.pdf

Unlock this article instantly by logging into your account

Don’t have an account? Register for free and we’ll get out your way

Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


Do you like this Post?
Yes
No
8 thumbs up
0 thumbs down
Share this post with friends



Jersey Oil and Gas plc is a United Kingdom-based exploration and production (E&P) company, which is focused on building a production in the North Sea. The Company owns an 18% interest in the P2170 Verbier licence, Blocks 20/5b & 21/1d, Inner Moray Firth in which the operator Statoil (U.K.) Limited owns a 70% interest and CIECO V&C (UK) Limited owns a 12% interest. The Company plans to build a production portfolio via acquisitions. more »

LSE Price
220.5p
Change
0.7%
Mkt Cap (£m)
47.8
P/E (fwd)
n/a
Yield (fwd)
n/a



  Is LON:JOG fundamentally strong or weak? Find out More »


10 Posts on this Thread show/hide all

Proselenes 2nd Feb 1 of 10
1

Been buying a lot of these below 200p, whilst waiting for the 3D seismic and the upcoming Verbier appraisal well.

Got a write up and buy rating by Simon Thompson in the IC, so the poke up above 200p now.

Considerably undervalued and he agrees with that.

| Link | Share
Proselenes 26th Feb 2 of 10
1

Being tipped by a few people now, IC, SP etc....

Basically with 25MMBO confirmed recoverable oil the appraisal well will hopefully lift this up so the low to best case changes from 25 to 130 range into something like 75 to 130 range.

Meaning, a good appraisal well should see a share price of around 660p or more as the low case moves up from 25 MMBO to say 65 or 75 levels.

New presentation is out as per link below :

https://www.jerseyoilandgas.com/wp-content/uploads/2019/01/Corporate-Presentation-January-2019-Rev-21Jan19.pdf

| Link | Share
gus 1065 26th Feb 3 of 10
2

Thanks for the post. I bought into Jersey Oil and Gas (LON:JOG) a couple of years ago when it was highlighted on Malcy’s bucket list. Usual roller coaster ride when Verbier’s initial drill results suggested it was a duster (and the share price collapsed to sub 50p) before a subsequent reappraisal identified a potential significant find. Unlike some other small oilers they’re well funded, have minimal debt and have avoided issuing new shares like confetti so any meaningful and confirmed increase in the Verbier appraisal well will feed into a significant up tick in the share price. As ever, the downside of any disappointment will be brutal.

Gus.

| Link | Share
Proselenes 1st Mar 4 of 10

HTTPS://www.heraldscotland.com...


................ A successful appraisal well could help pave the way for a development that could kick start activity in the area around Verbier.

The results of the appraisal well will allow Jersey and Equinor to firm up estimates of the size of the field. Mr Benitz said a find at the 25 million lower end of the estimate range would be commercially viable.

He noted the potential for Verbier to form a hub for a series of field developments in the Greater Buchan area, which the Oil and Gas Authority reckons could contain up to 300 million barrels..............


.

| Link | Share | 1 reply
Proselenes 1st Mar 5 of 10

In reply to post #453478

Thanks to Motchjv on the LSE site.


Link below is very interesting. Are we looking at just the tip of a big oily iceberg with Verbier and its going to end up a much bigger discovery ? All adds to the spice of this appraisal well and possible sidetrack.


HTTPS://www.pesgb.org.uk/news/...


.

| Link | Share | 1 reply
Proselenes 2nd Mar 6 of 10

In reply to post #453498

5c7b1737943e2Capture.JPG

Should be a spud RNS sometime this coming week.

| Link | Share
gus 1065 4th Mar 7 of 10
1

Classic case of “better to travel than to arrive” today. RNS this morning that Verbier is spudding and the share price falls 6% .....

https://www.stockopedia.com/share-prices/jersey-oil-and-gas-LON:JOG/news/jersey-oil-amp-gas-plc-drilling-of-the-verbier-appraisal-well-urn:newsml:reuters.com:20190304:nRSD6759Ra/

Gus.

| Link | Share | 1 reply
nicobos 6th Mar 8 of 10
1

In reply to post #454548

Gus,

Causality is hard to determine but the drop could equally be a case of the distressed fund, City Financial, liquidating their position into strength whilst they can.

https://www.marketscreener.com/JERSEY-OIL-AND-GAS-PLC-7605213/company/ According to this they have 750,000 shares to divest.

If you look at the large volume in other City Financial shares in the last few days (Horizonte Minerals (LON:HZM), Somero Enterprises Inc (LON:SOM), £ROSE) you can see a pattern of large volume and sharp declines on 'no news'.

Is it a buying opportunity? Potentially but quite close to judgement day for Verbier and who knows if there'll be another run up closer to the spud.

Good luck !

| Link | Share | 1 reply
Proselenes 6th Mar 9 of 10
3

In reply to post #455108

Interview with the CEO :

https://www.youtube.com/watch?v=F8sK7MAANjw

.

| Link | Share
covkid 22nd Jul 10 of 10
1

In reply to post #455228

Up 138% today......................how much higher can it go......................?

| Link | Share

Please subscribe to submit a comment



 Are LON:JOG's fundamentals sound as an investment? Find out More »





Stock Picking Tutorial Centre


Related Content
Big drop
Big drop!
LON:JOG 5th Apr '17

Jersey Oil and Gas CEO Interview
Jersey Oil and Gas CEO Interview
LON:JOG 8th Mar '16


Super Growth
Super Growth
LON:TERN 12th Jun '18



Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis