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JSE Jadestone Energy Plc

23.75
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Plc LSE:JSE London Ordinary Share GB00BLR71299 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 23.75 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 448.41M USD 8.52M USD 0.0190 12.50 106.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 23.75 GBX

Jadestone Energy (JSE) Latest News (1)

Jadestone Energy (JSE) Discussions and Chat

Jadestone Energy Forums and Chat

Date Time Title Posts
14/3/202421:20Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture21,181
12/10/202311:52Jadestone Energy27
08/2/202118:17Jadestone Energy 201829
08/11/201808:39Still time to look at Jadestone Energy (JSE)-
23/9/200921:47JSE, A Neglected Gem46

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Jadestone Energy (JSE) Top Chat Posts

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Posted at 18/3/2024 08:20 by Jadestone Energy Daily Update
Jadestone Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 23.75p.
Jadestone Energy currently has 448,364,000 shares in issue. The market capitalisation of Jadestone Energy is £106,486,450.
Jadestone Energy has a price to earnings ratio (PE ratio) of 12.50.
This morning JSE shares opened at -
Posted at 14/2/2024 01:20 by 1ajm
Well said Pughman.

Some holders just want to pretend it isn't happening I presume. Or delusional enough even now to not think, hang on this COULD be bad. I guess I've come to query if the RNS's are, while being factually correct, giving an honest overall picture. The last few have had some very sneaky caveats.

We're locked in now. I don't think people think about the potential implications of that. Good news we will all be happy, bad news my personal haters on here may understand my point, although given the reaction my posts get from some, they may be locked in here regardless. Down with the ship, if it comes to that in the future. At what point would they sell?

On the chance JSE get it (?), there's going to be a new wall of financing concerns which may play out either way still. Any degree of share dilution would be offensive, but we are a financing option for them and nothing more. As MT mentions a better than expected back date or a very slow acquisition may help (not maari slow please), as well as a good deal and fast ROI from the new production. Let's not think about if there is some ridiculous decommissioning fund commitment that is multiple times bigger than the purchase price but not included as part of the headline purchase price.

I've topped up several times when the share price has reached sub 30p in the last 12 months+ and not sold. Although this has brought my average down, Given we're here to make profit and not gain moral applause for our trading style it has been a poor decision to hold since the first Montara shut in and averaging down can't go on forever. Hindsight is 20/20 of course.

This feels like an awkward time for share suspension but they needed to do something drastic, which they have. I don't think JSE will be losing any sleep with the shares being suspended. Now we can only wait. I personally don't think the shorters will be too worried, I'm more worried about myself as a holder, good RBL results, CWLH completion and maybe even Akatara build up could happen during share suspension and quickly forgotten by the market if trading resumes on the failure of the proposed deal. Of course, success of the deal and no mishaps between now and then could cause a very strong open ( I truly hope that is what happens for all the holders). But I will never be a person to only think about one outlook and not the other. Sorry. I sit on the fence more than others, even when financially I am on one side of the fence.

Myself and the small amount of posters on this board has absolutely no ability to control the price or what JSE do. Still it does amaze me how one sided posters are and how offended they get.

Of course I am willing to have my mind changed. Maybe this is an absolutely amazing opportunity for JSE and maybe I should have absolutely no concerns about the size or location of it. Patience does not seem to be something AIM oilers can afford to have unfortunately and recently here it seems to have lead to unforced errors. On a final note, JSE not getting this does put it back in the position it was at before today which isn't exactly great so at this point just go for it. All-in. H2 would have been preferred, maybe it will still be ongoing in some capacity in H2.

I think I've been fair there and hope it goes well for all. Now I await the name calling and silly outbursts many posters offer, to which I humour and enjoy responding to far more than I should, luckily the opinions of most people on here are meaningless and my thoughts and opinions are equally meaningless to them, the way of the internet.

GLA. Hope it goes well over the next few months.
Posted at 25/1/2024 16:18 by ashkv
God this is getting bad... JSE soon going to have negative Enterprise Value.

At 25p Enterprise Value of USD 177Mn for 26,000 boe/d production. Even with Decommissioning Costs EV/Flowing Barrel a low ball USD 29k boe/d at a share price of 25p!!!

JSE Share Price: 25.00p
Brent: $81.00
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 19.05%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -73.18%
Shares Outstanding: 540,693,017
GBPUSD: 1.2700
Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500
Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000
Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 Dec 2023: $157,000,000
Cash (USD) 31 Dec 2023: $152,000,000
Net Debt (USD) 31 Dec 2023 : -$5,000,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000
Market Cap (GBP); £135,173,254
Market Cap (USD): $171,670,033
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $176,670,033
EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d: $8,217
EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $8,834
EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down): $12,802
JSE Decommissioning Expense Liability i.e. Asset Restoration Liability per HY 2023 Results: $574,656,000
EV/Barrel (USD) JSE 2024 23,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $32,666
EV/Barrel (USD) JSE YEAR END 2024 26,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $28,897
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $2.73
EV(Including Decommissioning Costs)/2P: $11.59
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 16 Jan 2024: 71.50p
% Upside to 12 Month Analyst Target Price: 186.00%
Posted at 18/1/2024 09:43 by ashkv
Good news has been entirely overlooked...

I too am aggrieved by JSE management as I was of mind that why there was no update on Montara remediation until the recent RNS? Progress with tanks etc?

JSE management should have been upfront in 2023 post hiring the surveyor and not started 2024 on a sour Montara/Stag note. PB needs to learn that he is no demi-god who can outsmart the market.

Also I am wary of the RBL redetermination so will not add until this is sorted out. JSE post Montara mishaps has scored many self goals with the RBL linked equity financing being the most severe and avoidable. Along with the Thai gas asset acquisition in early 2023 when financing was required for Akatara - inexplicable!!!

PB has to take the responsibility for these strategic blunders...

CFO's competence concerns me so until RBL is sorted I believe share price will overcompensate for the same.

Once RBL is sorted and as long as Akatara is going to plan I will double my holding - if the share price is at such super depressed levels.

MT can you speak as to Akatara returns? I was reviewing the same and to me it appears not lucrative for the USD150-200mn Capex based on the return profile unless further reserves unlocked? And more so not lucrative given the expensive equity raise arising from the RBL to finance Akatara.

Lets hope JSE conjures up a deal such as the recent HBR deal!!! PB needs to put or shut-up... Perhaps a farm-in / progress with the significant undeveloped Vietnam gas field.

JSE is a solid hold for me and I would be thrilled if my average was 27p...

SteMiS18 Jan '24 - 07:50 - 20725 of 20726
0 2 0
For sure Stemis. Is it worth a 25% fall on that RNS though? That's the simple way of looking at.

I think the fall is just a reflection of that, once again JSE has managed to come up with some bad news to offset the potential recovery from the last set of bad news. Lots of holders on here pointing to potential production figures for 2024 and what that would do to the profitability. The market is basically saying 'we've been here before so until they've actually delivered them, we're not interested'. So you have a share price driven by some holders giving up hope and potential new holders not seeing any point in buying at the moment (against a backdrop of a general market that is neither interested in oil nor interested in small companies...so small oil companies are a particular tough sell)
Posted at 17/1/2024 08:48 by ashkv
Unreal share price - fingers crossed for a bid to come. Even 55-60p will do....

JSE Share Price: 27.00p
Brent: $77.00
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 28.57%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -71.03%
Shares Outstanding: 540,693,017
GBPUSD: 1.2650
Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500
Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000
Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 Dec 2023: $157,000,000
Cash (USD) 31 Dec 2023: $152,000,000
Net Debt (USD) 31 Dec 2023 : -$5,000,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000
Market Cap (GBP); £145,987,115
Market Cap (USD): $184,673,700
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $189,673,700
EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d $8,822
EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $9,484
EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down): $13,744
JSE Decommissioning Expense Liability i.e. Asset Restoration Liability per HY 2023 Results: $574,656,000
EV/Barrel (USD) JSE 2024 23,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $33,232
EV/Barrel (USD) JSE YEAR END 2024 26,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $29,397
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $2.93
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 16 Jan 2024: 71.50p
% Upside to 12 Month Analyst Target Price: 164.81%
Posted at 16/1/2024 09:23 by ashkv
JSE share price is irrationally low.

At 5,500 boe/d Montara is 20% of 2024 forecast exit production 26,000 per even 1AJM..

Share price is not reflecting Akatara or Penmal addional 3-4,000 boe/d production!!!

Though it would appear management is not factoring any additional barrels from the Montara drill in q4 2024 for 2024 guidance!!!

yasX16 Jan '24 - 08:27 - 20652 of 20656
0 2 0
Montara continues to be a thorn in the side of JSE. Given the history, notwithstanding decreasing reliance on this asset, market will factor in the risk of montara surprising ince again to the detriment of JSE.

Overall the reaction to the update yesterday is overly severe presumably reflecting the aforementioned risk.
Posted at 16/1/2024 07:32 by ashkv
Elsa please see below -> EV/Barrel ridiculously low even with Decom expenses!!!

Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) JSE 2024 23,000 boe/d 2024 Production + Decommissioning Expense Including NW Shelf Acquisition: $34,194

JSE Share Price: 29.00p
Brent: $78.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 38.10%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -68.88%
Shares Outstanding: 540,693,017
GBPUSD: 1.2650
Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500
Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800
Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 Dec 2023: $157,000,000
Cash (USD) 31 Dec 2023: $152,000,000
Net Debt (USD) 31 Dec 2023 : -$5,000,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000
Market Cap (GBP); £156,800,975
Market Cap (USD): $198,353,233
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $203,353,233
EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d $9,458
EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down): $14,736
EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $10,168
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) JSE 2024 23,000 Boe/d Production + Decommissioning Expense Including NW Shelf Acquisition: $33,826
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.14
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 18 Dec 23: 75.25p
% Upside to 12 Month Analyst Target Price: 159.48%

elsa787816 Jan '24 - 06:51 - 20646 of 20648
0 0 0
And while you’re at it remind of the decomm costs on Montana and Stag. Thanks
Posted at 15/1/2024 13:45 by ashkv
JSE is an insanely cheap share - surely an offer will be incoming at these low ball levels at a premium of 100% or more of today's price levels!!!

JSE Share Price: 30.00p
Brent: $78.25
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 42.86%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -67.81%
Shares Outstanding: 540,693,017
GBPUSD: 1.2750
Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500
Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800
Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 Dec 2023: $157,000,000
Cash (USD) 31 Dec 2023: $152,000,000
Net Debt (USD) 31 Dec 2023 : -$5,000,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000
Market Cap (GBP); £162,207,905
Market Cap (USD): $206,815,079
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $211,815,079
EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d $9,852
EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down): $15,349
EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $10,591
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) JSE 2024 Top-Guidance Production + Decommissioning Expense Including NW Shelf Acquisition: $34,194
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.27
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 18 Dec 23: 75.25p
% Upside to 12 Month Analyst Target Price: 150.83%
Posted at 15/1/2024 08:28 by ashkv
Don't the share price reaction -> Slightly higher costs on Montara and Stag plus an uber conservative production guidance for 2024.

Very pleased JSE Balance Sheet is looking solid!!!

NONETHELESS JADESTONE ENERGY REMAINS IMMENSELY UNDERVALUED!!!



JSE Share Price: 31.50p
Brent: $78.25
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 50.00%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -66.20%
Shares Outstanding: 540,693,017
GBPUSD: 1.2750
Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500
Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800
Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 Dec 2023: $157,000,000
Cash (USD) 31 Dec 2023: $152,000,000
Net Debt (USD) 31 Dec 2023 : -$5,000,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000
Market Cap (GBP); £170,318,300
Market Cap (USD): $217,155,833
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $222,155,833
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $16,098
EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d $10,333
EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $11,108
EV/Barrel(USD) 2023 Actual Average Production: $16,098
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) JSE Current Production + Decommissioning Expense Including NW Shelf Acquisition: $39,841
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.43
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 18 Dec 23: 75.25p
% Upside to 12 Month Analyst Target Price: 138.89%
Posted at 10/1/2024 09:48 by ashkv
Mark Wilson at Jefferies - per my understanding the most negative analyst on UK E&P firms. On the HBR's Wintershall DEA acquisition call - he almost seemed upset about the deal and the 360p per share valuation for HBR that was attributed per deal terms gives Jadestone Energy a 55p target price (downgraded from 60p).

This 55p target is by the far the lowest 12 month target price for JSE as some analysts have JSE at 90p 12m target price. And to put Mark Wilson's ultra bearish target prices in context - he has Enquest 12m TP at 14p and Tullow Energy at 27p (nearly 20% below current trading levels)!!!

The ultra bearish analyst has JSE at 55p - what does that convey!!!!

"Jefferies cuts Jadestone Energy price target to 55 (60) pence - 'buy'"

Marketscreener using GBPUSD at 1.27p has an average 12m target price for JSE at 74.89p!!!!



Jefferies cuts Ithaca Energy price target to 175 (200) pence - 'buy'

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Jefferies cuts Tullow Oil to 'underperform' (hold) - price target 27 (35) pence

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Jefferies raises Harbour Energy price target to 360 (340) pence - 'buy'

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Jefferies cuts Pharos Energy to 'hold' (buy) - price target 24 (30) pence

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Jefferies cuts Capricorn Energy to 'hold' (buy) - price target 160 (225) pence

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Jefferies cuts Genel Energy price target to 85 (95) pence - 'hold'

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Jefferies cuts Jadestone Energy price target to 55 (60) pence - 'buy'

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Jefferies cuts Serica Energy price target to 280 (330) pence - 'buy'

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Jefferies cuts Enquest Energy to 'hold' (buy) - price target 14 (20) pence
Posted at 09/1/2024 11:44 by ashkv
Indeed but JSE will come good - I am tempted to add more given today's price of sub 34p

For 20,000 boe/d of current (mainly crude) production forecast to grow to 30,000 boe/d (crude plus gas) later in 2024 Enterprise Value [EV = (Market Cap + Debt - Cash) (USD) = $223,217,196] / JSE's valuation is unreasonably low at present!!!

JSE Share Price: 33.64p
Brent: $77.75
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 60.19%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -63.91%
Shares Outstanding: 540,693,017
GBPUSD: 1.2700
4 Dec 23 RNS Revised Upward Range Q2-Q4 2023 Average Production Mid-Guidance (14,500 - 15,000 boe/d from APR 23 to DEC 23 ): 14,750
Jadestone Production Average from 1 Jan 23 to 4 Dec 23: 13,500
Current Production -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 30 June 23: $111,000,000
Cash (USD) 30 June 2023: $118,782,000
Net Cash (USD) 30 June 2023 : $7,782,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $124,000,000
Market Cap (GBP); £181,889,131
Market Cap (USD): $230,999,196
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $223,217,196
EV/Barrel(USD) Revised Upward per 4 Dec 23 RNS Mid-Guidance for Q2-Q4 2023 Average Production: $15,133
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $16,535
EV/Barrel(USD) -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): $11,161
EV/Barrel(USD) 2022 Actual Average Production: $19,432
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $9,301
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Current Production + Decommissioning Expense Including NW Shelf: $39,894
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.44
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 18 Dec 23: 75.25p
% Upside to 12 Month Analyst Target Price: 123.69%
Jadestone Energy share price data is direct from the London Stock Exchange

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