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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jadestone Energy Plc | JSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -1.83% | 26.75 | 14:19:53 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 27.25 | 26.75 | 27.25 | 27.25 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/09/2022 | Interim | USD | 0.0065 | 29/09/2022 | 30/09/2022 | 14/10/2022 |
| 06/06/2022 | Final | USD | 0.0134 | 16/06/2022 | 17/06/2022 | 05/07/2022 |
| 09/09/2021 | Interim | GBP | 0.0043 | 16/09/2021 | 17/09/2021 | 01/10/2021 |
| 11/06/2021 | Final | GBP | 0.0077 | 17/06/2021 | 18/06/2021 | 30/06/2021 |
| 10/09/2020 | Interim | GBP | 0.0042 | 15/10/2020 | 16/10/2020 | 30/10/2020 |
| Top Posts |
|---|
Posted at 13/2/2024 20:57 by impossible123 Can JSE seriously compete with Carlyle and Hibiscus Petroleum for these assets of Woodside? Carlyle is cash-rich, and Hibiscus has a mcap 3x that of JSE; the Woodside assets for sale is rumoured to be valued at about $500m.And, assuming JSE wins the bid how will JSE pay for this latest acquisition? A $500m acquisition from JSE valued at £127m is a mega fund raise, correct? How'd this be achieved with dilution? Buy now, pay later with proceeds from these new assets? I think JSE is attempting/embarking on something so monumental is very ambitious (I understand it's company transformational) so soon after the debacle of Montara and Stag is beyond the management team. I hope post suspension the share price is not below 23p. Retail investors have experienced a horrid time the last 12 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 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 12:53 by ashkv 20-23,000 Production Guidance Broken Down Per 15 Jan 24 JSE Presentation Plus CallMontara (JSE 100%) Per presentation 2024 Guidance 5,000-6,000 Boe/d Crude taking into account downtime and natural declines per call. Current production is 7,000 boe/d per today's call. Akatara (JSE 100%) Guidance gas production ??? CWLH (JSE 33.33% post completion Q1 24)-> ??Guidance?? CWLH Production averaged 30,000 Boe/d Crude in Q4 2023 per call(5m:30s to 5m:50s) ?? JSE 33.33% = 10,000 Boe/d?? [Appreciate some CWLH production is Gas given to Woodside for free. However, per Another Oil and Gas report on JSE - Okha platform share of production to Woodside from CWLH (50% Woodside) comprising Australian Oil was 13k Boe/d in Sep 2023?] Penmal (JSE 100%)-> Current 7,000 Boe/d Crude Net to JSE) Stag (JSE 100%) -> 2,000 - 3,000 Boe/d Crude sold at a premium of $22 relative to Brent price in 2022. Sinphuhorm (9.52%) -> 1,500 Boe/d Dry gas Guidance per 15 Jan 2024 Call |
Posted at 15/1/2024 11:59 by 1ajm Best case scenario 2024 outlook...I know my haters on this thread are going to go into bombardment reply mode but please try give a reasonable response, even thought it will inevitably be disagreement.JSE getting 2023 year end net debt as low as $5mn is good. Nicely timed liftings but interesting mentioning 'optimisation of working capital' does this just mean they delayed costs into 2024? 20,000-23,000boe/d 2024 outlook is very disappointing. Akatara gas seems to be replacing more decline in current oil production than I expected. Operating costs - $300mn essentially, it sounds painfully high. Capital expenditure - $80-110mn + $77m in CWLH abandonment funds Revenue - $550mn @ $75 oil? Montara - Montara production averages approximately 5,000-6,000 bbls/d during 2024...$120mn operating costs in 2024, $95mn per year outlook, $150mn revenue @ $75 oil with $120mn costs. I think this year Montara just running smoothly is the target. Stag - Stag, 3,500bbls/d @ $80 (small premium) is $102mn revenue with $60-70mn a year operating costs. Are there CAPEX costs to go on top of this? That's 8,500-9,500bbl/s in those two assets, This plan is far greater than a plan that involves NOPSEMA directives. PM323 - I could do with some clarification to why they are saying gross rates of 7,000bbl/d from the drilling campaign. I believe before it was gross rate of 7,500 for the first three wells and 3,500 for the fourth well = 11,000bbl/d gross with JSE getting net 7,000bbls/d CWLH - Not sure I'll ever agree on the timing of this acquisition. Or talk of using RBL to cover some of the abandonment fund. RBL - No surprise they are going to change it in march, trying to include CWLH and Akatara as assets to negate the poor outlook/lower values on Montara and stag. Maybe this avoids a lower borrowing capacity. They do as of right now at least have cash to cover changes in March. I didn't realise they had drawn so much of it. Akatara - Akatara is really going to need to perform on its higher margin Gas this year. It has a lot of carrying JSE to do in H2. The 'royalties' that kick in after a few years are large. $33.5bbl OPEX costs sounds way better than it feels. JSE please do not use your cash before March and certainly don't sink it into an abandonment fund for 15 years away. Personally I had a better outlook on JSE before this update. But this is JSE business model so maybe I should have expected this, they really need oil to be higher. I'm not expecting much profit from JSE in 2024 and hope they can make a good acquisition in H2 that maybe isn't as old or maybe gas. To end on a positive note, This does look a whole look better than how 2023 turned out. |
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 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 34pFor 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% |
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