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JAMTF FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
We all hope for the best possible outcome
I hope us all the best.
Yes I'm still hanging on
Are you still here? A nice up day on small volume. This is getting to be a nice gainer. Hope that it continues upward.
OH Yea ! Hope to be here a long time.
Still holding hope
Yes, nice move today. Hopefully big news coming soon!
Anyone still hanging out here? Nice pop today in share price after an article.
new low today, no word from the company these guys need to communicate something!
We agree with you. This morning we purchased a few more shares.
This could become a very rewarding investment in our humble opinion in a few years , if everything comes together???
Hi I am new to this board and am doing my dd on jamtf. I agree more frequent news updates would be helpful. I like the model of not drilling exploratory wells just reworking older fields. This seems to me to be a more certain way of building a foreign startup. I expect to initiate a position soon. Any thoughts would be appreciated. fjctboot
YES , JUST ANYTHING POSITIVE AND UP TO DATE.
If it was once a month, they could at least say we made another $200k...
A service agreement, or the 5 additional wells they talked about drilling would be nice.
I agree. Maybe a monthly new release update?
Management needs to announce new deals....until then nothing happens.
Nice day for the share price today. I drug my heals. Thought about adding shares this morning , but didn't....
Maybe tomorrow?
Thank you. I did subscribe.
I am very fired up about the potential for this company.
Wonder if they have fine tuned yet the production from the 3 original wells, as per February's news release?
And, wonder if they have decided to go ahead with the up to 5 other wells?
Have you heard anything about how the campaigning for this year's election is going?
This guy had a blurb out on JAMTF today....it's free if you subscribe:
http://www.blackgoldletter.com/
Here's an earlier report from November:
http://www.blackgoldletter.com/jagercor-energy-corp-jem-cjamtf/
My wife and I just purchased a few shares. We brought the price back up. Hope that this will look a lot better in a few months !!!
Very good research !
I have much more respect now.
Thank you.
JAMTF...when, not if:
When oil broke $50, YPF (market cap $12.4 billion) was one of the only oil companies in the world that was still aggressively developing (Vaca Muerte)... look at how much credit Russo and Chernacov had to do with the success of YPF:
"In his last position, Mr. Chernacov had responsibility for repositioning YPF SA in the local and international capital markets, as well as overseeing $40-million (U.S.) of daily trade in YPF stock. Additionally, he was a key player in various long-term and short-term financings, raising over $3-billion (U.S.) in the past two years. His previous roles included senior positions in the upstream division in planning and portfolio management."
Edgardo Russo may be the most qualified man in Argentina to run Jagercor:
- 20 years of experience in the oil and gas industry in Argentina, mainly in YPF SA (largest integrated oil company in Argentina), and most recently working as Field Development manager for Baker Hughes.
- General Manager of YPF SP, leading more than 500 employees in operating 15 Rigs.
- Duties included operation, safety, engineering, purchasing and finance, as well as reporting to the board of directors of YPF SA.
- Operations Manager, responsible for Loma La Lata production area (Vaca Muerta shale reservoir).
- The area includes 250 Producing wells (18Mn3/d net gas and 13 kbbl/d net oil).
- He assessed conventional and unconventional reservoirs that finally recognized the productive potential of the Vaca Muerta Shale.
- At the same time he started the massive development of Tight Gas in Sierra Barrosa.
- In 2004 he was Field Manager responsible for production at Rincon de Los Sauces, Neuquen.
- In Q1, 2006 there were 200 producing wells (12000 bbl/d net oil and 1000 km3/d net gas).
- Based on Russo’s earlier production record, it’s no wonder Carlos Slim and George Soros recently invested so heavily in YPR (Slim 33 Mil shares and Soros 3.9 mil shares).
- Shell thinks that Argentina will need $300 billion to develop Vaca Muerta in a six-year period that would make the country oil sufficient starting in 2020 and will keep producing for as many as 40 years.
- Chevron anticipates investing as much as US$16 Billion on their joint venture with YPF
- Jagercor will benefit from Russo’s expertise in labor relations management, detailed knowledge of Argentina's oil basins, and a full book of relationships throughout the industry in Argentina and all of Latin America
Very interesting. Thanks. We may get a few shares next week?
Waiting for update on JAMTF...price of $77 should continue...they paid $84 until oil dropped.
>>> Shell thinks that Argentina will need $300 billion to develop Vaca Muerta in a six-year period that would make the country oil sufficient starting in 2020 and will keep producing for as many as 40 years.<<<
2020 may be optimistic...until then they will pay a $30 average premium...more or less. Ironic that they take gas pump revenues to pay for oil production subsidies...but this is Argentina.
Have you heard anything as to JAMTF going ahead with the 5 other wells? How long has the government promised to buy at about $76 US per barrel?
From Stockhouse today:
This is just the beginning of a multi-year trend and I have spent time hunting down unique and cheap plays to invest in Argentina. Traditional asset classes like real estate/banking are terrific. But also oil/energy, which has lagged, yet trades at a premium to global markets where domestic producers are paid $77 per barrel, is a great way to play the Argentina rally. New and even the existing governments will realize that domestic production needs to grow since they priced oil at a discount for years. It's likely the price will remain at a premium to world markets even if we are in a prolonged weak market. I am actively looking for new ideas in Argentina but for now my favorite company is Jagercor Energy (JEM in Canada and JAMTF in US).
This article below is very good and I'm sure many of you have not seen it yet, from the Financial Post(China Eyes Massive Oil Reserves in Argentina), where CEO Edgard Russo is interviewed:
http://business.financialpost.com/2015/02/25/china-eyes-massive-oil-reserves-in-argentina/
Also, this article below is a little older but the undertones of the "Buy Argentina Now" theme are more clear now than they were when this was published last year. More and more international investors will flow towards Argentina and I believe after a brutal 2014, Jagercor now will enjoy the wind at its back instead of in its face. The stock was as high as 40 cents last year and as low as 3 cents recently. A half way point for a new trading range would be the 17-18 cent area, which is where I think the stock deserves to trade right now. Perhaps after a new range of 10-15 for a few weeks, we'll see the mid to upper teens again on the stock, which is undervalued based on current cash flow/production. All of my analysis shows a 20-30 cent valuation being appropriate based on their current business and modest growth but as the CEO mentioned in the FP interview, they plan on growing quite aggressively and are in talks to do more deals.
http://blogs.barrons.com/penta/2014/09/15/buy-argentina-now/?mod=yahoobarrons&ru=yahoo
Jagercor's selling has dried up so the stock can move up a lot because most shareholders that absorbed the stock at 3-6 cents (like me) are long term investors. We want to see the full potential of this new trend in Argentina and give Edgardo, who at one time with YPF managed 700 employees and 15 drill rigs, a chance to see what he can do to build this company from small to large. I'm excited about Argentina and Jagercor Energy. Please don't chase the stock if it runs but long term investors that buy under a dime should see a significant return on investment this year and beyond. I will be publishing a new research report next week for your review. I will send this to Elite/Premium members first. But, free subscribers will see it before it is distributed to institutional investors, the company's contacts, and before it is highlighted in an interview I'm featured in soon. The readership of that publication that just asked me to share my thoughts is huge so a lot of new eyeballs will be on Jagercor in the coming weeks. Stay tuned....we found a "JEM"!
http://www.stockhouse.com/companies/bullboard/c.jem/jagercor-energy-corp?postid=23519066
China eyes massive oil reserves in Argentina
Republish Reprint
Peter Cole, Special to Financial Post | February 25, 2015 | Last Updated: Feb 25 9:30 AM ET
More from Special to Financial Post
http://business.financialpost.com/2015/02/25/china-eyes-massive-oil-reserves-in-argentina/
Jagercor Energy generates $200,000 per month from first drill program
Argentina’s YPF SA and China’s Sinopec recently signed an M.O.U. to develop oil-and-gas projects in Argentina. Local oil prices are decoupled from the international marketplace. A barrel of oil in Buenos Aires sells for $77 compared to about $50 on the global market.
Jagercor Energy (CSE: JEM) had signed an agreement to have the right to drill 8 wells in the Catriel Oeste project in the Rio Negro Province of Argentina. JEM is funding the drilling and keeping 70% of the proceeds from the producing wells, just paying royalties and provincial taxes.
“We have monthly income of about $200,000 from our first low cost drilling program at Catriel Oeste development project,” stated JEM President & CEO Edgardo Russo in an exclusive interview. “This means we can operate and explore new business opportunities without going to the market and raising more money.”
Mr. Russo has spent 20 years in the oil & gas industry in Argentina, mainly in YPF SA, the largest integrated oil company of Argentina. At one time he led more than 700 employees operating 15 rigs. As CEO of YPF Servicicios Petroleros, his duties included planning, engineering, purchasing and finance.
“I have worked at YPF for 17 years,” confirms Russo, “starting as an engineer and moving eventually to General Manager. In 2013, I made a decision to leave the company and join an elite team to build something significant from the ground up.”
An engineer by trade, Russo has a strong track record on the operational side – dealing with unions, local communities relations, permitting and regulations. The South American petroleum basins are dominated by massive state run companies that have large oil and gas concessions.
“Our business model is focussed,” stated Russo. “We will acquire mature fields with upside production at low cost of entry, looking to generate cash from them as quickly as possible. The exploration money tends to flow to the big fields like Vaca Muerta, leaving a lot of smaller concessions that are under-invested. That is our opportunity. Because if we have knowledge and expertise in Argentina, we can achieve production out of the ground at a very low cost with a very small targeted investment.”
Jagercor’s long term business plan includes farm in/out agreements with operational control, aiming to reduce expenses, maximize recovery, and boost the return on investment throughout the life of an oil or gas asset.
JEM’S team includes Director Matias Bullrich, a capital markets veteran who spent over 10 years at Morgan Stanley as a banker raising funds for clients and since 2001 on the investment side, where he has managed portfolios of debt and equities. CFO Alejandro Cherñacov is a former YPF player who participated in financings that raised over $3 billion in the past two years.
“Jagercor is not a large company, but we have attracted some big talent,” states Russo. “In the next 12 months we are going to focus on the northern part of Catriel Oeste – where our best producing well is. We anticipate drilling a couple more wells there with our own cash flow from oil sales.”
Russo is also pursuing acquisition opportunities. Low oil prices outside Argentina mean that international petroleum companies have very little cash to spend in South America. That has created a buyer’s market for small and medium sized oil fields.
“We have a strong technical team that has proven its ability to locate good assets and produce cheap oil,” stated Russo. “In the short term, we are looking to string together some solid base hits. This is a powerful and responsible way to build shareholder value.”
In October 2014, Argentine lawmakers passed a new hydrocarbon bill designed to boost investment in Argentina’s vast shale deposits with the end-goal of reducing the country’s reliance on energy imports. There are now nationwide rules for royalties and concessions, providing greater certainty for investors.
“The new legislation has a positive effect on Jagercor’s business objectives,” stated Russo. “We now have a legislated assurance that the business environment in Argentina is not going to change. In this environment, we can make money and build shareholder value.”
Russo sees changes on the economical horizon which could make Argentina a more competitive destination for international investment.
“Argentina currently has a large deficit of energy. We import hydrocarbons and fuels from Africa, the Caribbean and Bolivia. Everybody is focussed on reducing energy dependence – which means attracting more money from the rest of the world,” explains Russo.
Russo believes that the current political and business environment have created a perfect window of opportunity to acquire further concessions at low prices, so the time to invest is now.
The U.S. Energy Information Administration states that Argentina has the world’s 4th largest recoverable oil resources at 27 billion barrels – worth over $1 trillion at today prices.
Jagercor is 12 months old but has already delivered on it stated objectives of generating quick cash flow from under-developed mature oil fields in Argentina.
News Out - got some wells up and running. Market up in Canada seems to like it. Big price diff between there and OTC.
Anyone know how to start a board?? I think they need to have one for JEM
Why don't they have a board on JEM I wonder. Nice volume there !!!!!!!!
I guess that was in anticipation of today's PR. Still building a good infrastructure...waiting for the price to follow a bit more.
This may take some time, tad surprised we haven't seen a bit more of a bump but not worried.
Nice volume today so far on cdn mkt
Not sure, would be happier to have seen a pop on that news. Curious as to how long it will be to upgrade some of those wells.
The fields that Central Resources owns are good ones from everything I have researched.
Maybe everyone is too busy buying marijuana stocks...
Oh and fair warning, we will probably see a guy named dick show up soon. drunk on whisky and bashing away....
Volume is all over the board as well as the price...... What's up with that ????
Its' about time!!! My hope hangs on the experienced well connected management team that has strong ties to Argentina.
Probably to .50 CAD within a couple weeks then it depends on the volume they are pulling out of the wells.
The big payoff is if they can get a concession and get a decent discovery.
Political window is tight in a place like Argentina, just opening up now and will probably go to pot in 3-5 yrs so time is of the essence.
When a guy like Carlos Slim bets big on something, probably smart to tag along.
Ok I'm in nought some today on Canadian mkt. let's see what happens now!!! Hopefully lots of nothing but good things!!!!
More money coming into this play. Higher volume also - I am thinking this could pop nicely soon. May not see the 30s or 40s again if they can announce a well purchase soon which seems to be the chatter on the street.
Hopefully news out in the not to distant future - if so then we may see the last of the 20s soon enough.
Private Placement closed. Raised the total $1.6M. Market seems happy as it has popped nicely today.
Onwards and upwards.
A bit more talk at the other forum (stockhouse). Some people getting a bit excited especially with a PP ongoing and the track record of the management group.
Company is building a very strong management team. Usually don't bring in people of this caliber unless you got a good chance at a concession somewhere.
Just my personal musing, I have no insight other than what is public.
Meh not quite sure yet. Think I'm gonna watch for a bit. For some other stuff trying to unload just in case.
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