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JUB Jubilant Energy

0.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jubilant Energy LSE:JUB London Ordinary Share NL0009513993 ORD EUR0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.60 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Jubilant Energy Share Discussion Threads

Showing 1 to 17 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
12/10/2011
22:46
are u in mate?
the ballcock
07/10/2011
13:17
great ticker though... also only 69,379,430 shares out
jonno1
07/10/2011
09:21
don't see nothin to be jubliant about here
the ballcock
19/7/2011
06:24
Jubilant spuds the Srikantabari Appraisal Well (S-1) in the southern part of the Tripura block in North Eastern India

Jubilant is pleased to announce that it has spudded the Srikantabari well (S-1) on 18(th) July 2011 in the Tripura block. This is the first well to appraise the Kathachari-1 (K-1) discovery. The well is located 4 kms north east and up-dip from K-1 and 3 kms south west and down dip of the ONGC's discovery in TMD-1 well (flowed approximately 1.7 mmscfd). The well will be deviated by 650 meters to the south west and will be drilled to a total depth of 3100 meters true vertical depth subsea. The well, which is being drilled by Quippo Oil & Gas Infrastructure Limited, is estimated to take 65 days to drill and will cost approximately USD 11 million on gross basis, excluding the testing cost.

The well will be drilled using managed pressure drilling due to high pressure in the region. This well will test the Middle Bhuban Sands encountered in the K-1 well, one zone of which had flowed 5.2 mmscfd. These sands are expected to be encountered approximately 800 meters up-dip of the K-1 sands. The well is the first deviated well to be drilled by Jubilant and is the fourth well to be drilled on the block.

Management's best estimate of gross un-risked prospective resources is 800 bcf for a deviated well compared to previous estimate of 480 bcf for drilling S-1 as a vertical well, as in the deviated well it is expected to encounter an additional sand package.

Further, as part of the Katharchari-1 appraisal programme (which was approved by The Director General of Hydrocarbons in February 2011), Jubilant has completed seismic data acquisition of 160 lkm prior to the onset of the rainy season. The remainder of the survey will commence after the rainy season and will be completed by September 2011. This work was carried out in the southern part of the block, in and around the Katharchari-1 discovery well. Pursuant to the initial work programme, the total seismic survey length was 137 lkm, which was later extended to 180 lkm.

Jubilant is the operator of this block and holds a 20% participating interest, through its wholly owned subsidiary Jubilant Oil and Gas Private Limited in India.

For further information, please contact:

Jubilant Energy Ajay Khandelwal, Vipul Agarwal +91 120 402 5700

jonno1
05/4/2011
08:38
just come across this, looks interesting but as you say seems way too expensive, will watch for now...
Great ticker though!

jonno1
05/4/2011
07:54
The valuation is nuts. This morning's update just makes it look even nuttier.
simon gordon
03/4/2011
20:17
still trying to reconcile the mkt cap - 300 million plus for approx 1800 boepd (?) and 3.4 million p2 reserves + licenses?

NOP ( which i have a few of) has p2 reserves of circa 80-90 million ? , production of 2200 boepd set to double within 2yrs, a huge exploration portfolio with major interests in 2 separate areas of billion barrel potential and cash - mkt cap only 120 million

v odd

surfer2
21/3/2011
10:22
dont appear to be able to put this in a SIPP or an ISA, but no idea why!
excellance
28/2/2011
18:24
Quick get out the way, stampede
937huff26
28/1/2011
06:36
This looks interesting. Well funded and should be good news flow!!

Looks like its about to head towards float price.

Got to get in before the heard, so I'm in today.

oilmaniac
21/1/2011
13:06
January 21, 2011
AIM Newcomer Jubilant Energy Plans Six Wells In Eight Months Across Its Indian Portfolio


While the UK remains mired in economic gloom, things are looking rather more sunny in the fast-developing economics of Asia. In the oil and gas industry, Asian companies are on the prowl for reserves and production to feed growing economies: think of KNOC's long drawn out acquisition of Dana Petroleum or Chinese group Sinopec buying into Africa and the Middle East via takeovers of Addax Petroleum and Emerald Energy or beefing up in Latin America through a series of deals with comapnies like Repsol.
Indian companies have also not been shy of spending money to build an international presence in the oil and gas industry, with interests as far ranging as shale gas in the US (Reliance Industries) to wildcatting offshore Mozambique (Bharat Petroleum, Videocon Industries) while ONGC Videsh has investments spanning the Middle East, South East Asia, Latin America and the FSU. Indian companies are also coming to London to raise money for their oil ambitions, the most recent being Jubilant Energy.

The AIM newcomer is part of an Indian conglomerate that was founded in the 1980s and is today a US$1 billion company with interests in pharmaceuticals, aerospace and food (including the Dominoes Pizza chain in India). The group's oil and gas arm, Jubilant Energy, listed on AIM in November, raising £53.4 million. The shares listed at 77 pence but have since drifted down to 65.5 pence.

The company has been in the oil and gas business since 1995 and today has interests in nine blocks in the Krishna Godavari, Cambay, Cauvery and Assam-Arakan Basins of in India (it also has an interest in Australia's Bass Basin but may well exit this non-core project). The company has 2P oil reserves of 3.44 million barrels and 118 bcf of gas plus 2C oil contingent resources of 12.20 million barrels and 594 bcf.

This portfolio includes a 25 per cent (soon rising to 30 per cent) interest in the producing Kharsang oilfield in northeast India, which began commercial production in 1983 and has produced more than 9 million barrels to date. In June 2010, field output was running at 1,974 barrels per day (gross) and revenues for the six months to September 30 came to US$6 million. Ongoing work on the field, including infill drilling, should lift this tally to a peak of 2,600 bpd by 2013.

This production should be joined by first gas from the company's Deen Dayal West development in the Krishna Godavari Basin off south east India, due onstream in April 2013. Jubilant has a 10 per cent interest in this block, which lies in one of India's most exciting oil and gas plays. Gas was discovered in June 2005 with the drilling of the KG-08 exploration well. The Field Development Plan for the DDW area was approved in November 2009 and first contracts have been awarded for the development, with development drilling expected to get underway in Q2 2011.

There are other interesting discoveries on the block, where 16 wells have now been drilled with the last 12 all testing gas and condensate. Earlier this month, the operator Gujarat State Petroleum Corp spudded the DDE-APP-1 appraisal well in the Deen Dayal East area of the block, the second in this eastern area and the 17th well on the block. The well is drilling to 4,750 metres to appraise the hydrocarbon-bearing sands of KG-16 discovery well.

This is just one of six wells planned across the portfolio in the next six to eight months, which should guarantee plenty of drillbit-led newsflow for the company's new institutional shareholders in the City. The other wells include two high impact exploration wells on the Tripura block and three exploration wells in Golaghat. The company is well funded for this work programme after its IPO, an event that chairman Shyam Sunder Bhartia described as the "highlight of the year" and a "highly significant event for the Company".

"India is the world's fourth largest economy and the demand for hydrocarbons continues unabated," he added. "Jubilant is ideally positioned to benefit from the energy imbalance that is currently prevalent in India and take full advantage as India and the hydrocarbon industry there develops."

mandalsputin
12/1/2011
16:33
I'll wait to buy at 50p.
With only small selling its holding up well.

howie1943
14/12/2010
13:16
I'm about half way through the admission document. Its a big one.
brasso3
29/11/2010
15:20
nasty downtrend here ;o)
the_doctor
24/11/2010
21:25
Pretty large mkt cap for an AIM listing. off to read the prospectus and check their P1 /P2 / P3 reserves
surfer2
24/11/2010
21:18
Placed at 77p. and only sells today. Raising £49.7m whose buying, Institutions?
howie1943
24/11/2010
20:55
New Indian focused Oil Company listed today. Jubilant Energy. Current production of approx 1,975 boepd
surfer2
Chat Pages: 6  5  4  3  2  1

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