Jadestone Energy Share Discussion Threads

[alamaison5] 11/1/2019 08:23

Big money changing hands again. Stabilisation at 40p then a rise above 44p?...
then the moon!

[mount teide] 11/1/2019 07:59

'PTTEP Australasia as seller of the Montara assets, has agreed to provide US$22 million to Jadestone in relation to this recent shutdown of the Montara facilities, including associated costs, of which approximately US$4 million was directly attributable to shutdown work scope.'


Incredible - outstanding negotiating performance by the JSE management - it effectively provides JSE with more than two months lost cash flow and the $4m cost attributable to the shut down work carried out!

[zengas] 11/1/2019 07:33

Fantastic news. See post 231 re cash build. Should be close to a cash pile of $110-$120m by end of this quarter with about $9-$10m month ongoing free cash to cover drilling and an increase via drilling for production increases. Significant cash building for another major acquisition in due course with a number of opportunities already under review. A very well managed company given today’s news re the $22m from PTTEP.

[alamaison5] 11/1/2019 07:21

I bought into SEPL yesterday too, at 122p. And CHAR, this week, at 2.63p.
Also in LEK.

[alamaison5] 11/1/2019 07:18

Well, we know where this is going today:

$22m in the kitty + gas and oil production restart. And will increase due to the work sone, I am sure...



Research is the key, and I have done a fair bit, trust me.

[mount teide] 10/1/2019 13:14

L2 - all 8 mm's have lifted their bid price this morning.

Currently: 4 v 1 / 38.0p v 39.0p - with 1 @39.4p then the rest @40.0p to 41.2p

[alamaison5] 10/1/2019 12:00

Another 7692 for me.

[alamaison5] 10/1/2019 11:23

461,009,478 shares. Placing of 239,711,474 at 35p in August.

[meteors] 10/1/2019 10:55

hxxps://www.valuewalk.com/2019/01/hidden-value-equities/

a nice little positive article, valuing JSE at a potential 1Billion Mcap. What is the current Mcap ?

[alamaison5] 10/1/2019 09:25

It's only shares changing hands, but the buyer seems to be selling for a quick profit...

[meteors] 10/1/2019 08:48

why is this not directly affecting the SP?

[mount teide] 09/1/2019 15:09

Another 3 large transactions totalling 26.6 million again today:

1 x 10.6 million, 2 x 8.0 million

[meteors] 08/1/2019 17:43

Hello - AIM Newbie here :)

Can someone explain the huge sells. Im informed they are institutional broker deals. Im aware they are huge investors deals, however if they are coming across as sells, is this not a bad thing. I just need some clarification on whats this actually means and reasons for it happening. JSE look like a great little company with a solid BOD. Glad to be on board for now

Thanks in advance!!!

[ifthecapfits] 08/1/2019 16:15

Shame they aren't all being bought in the open market ;)

[zengas] 08/1/2019 15:44

26m so far = almost 6% of the company.

[king suarez] 08/1/2019 15:43

Transfer between fund (managers) at an agreed price, do you think?

[mount teide] 08/1/2019 15:40

Eight very large transactions this afternoon totalling 25.495 million all at 35.1p -
(1 x 6million , 4 x 3 million, 3 x 2 million and 1 x 1.495 million).

[mount teide] 05/1/2019 12:04

OPEC To Cut More Than Expected - OilPrice.com

'OPEC’s January production is likely to come in lower than anticipated, a former Saudi Aramco executive said in a statement to CNBC.

The oil cartel agreed last month to shave 800,000 barrels per day off its October production levels, with its non-OPEC allies agreeing to cut 400,000 barrels per day, for a combined 1.2 million barrels per day. But Sadad al Husseini, former executive vice president of Saudi Aramco, told CNBC that OPEC is likely to cut in January about 1 million barrels per day off its October production levels, adding that it is possible that the cartel could cut as much as 1.2 million bpd — that’s in addition to its allies who promised to cut 400,000 bpd.

All signs from OPEC this past week, following a brutal oil price slide, have all indicated that OPEC was aware that the 1.2 million bpd in promised cuts would not quell the market unrest.

The United Arab Emirates Energy Minister said on Tuesday that a market rebalance should take place in the first quarter of 2019; he also added that OPEC would cut deeper if it turned out to be an insufficient volume of oil taken off the market.

Then news came in that Saudi Arabia’s exports had fallen more sharply than expected, and indications are today that fewer OPEC barrels — the fewest in five years, in fact — made their way to the United States in December.

Most analysts agree that oil prices will stay low if OPEC and it's allies fail to make good on its promise.'

[ifthecapfits] 04/1/2019 12:02

Malcy FWIW.

The company announce the completion of works at the Montara field, offshore Australia, following an extensive maintenance and inspection shutdown. With the regulator inspecting now it should only be ‘within days’ when the facility is up and running again. The resultant improvement in reliability and uptime should prove what a high quality bargain this acquisition has been and it should be a matter of time only before JSE take over the operatorship. I recently met with the Jadestone management team who are mighty impressive and I am already expecting big things from them in the future, no pressure there then…

[mount teide] 04/1/2019 10:50

New Year's greeting to you all!

Having put many ships through regulatory and unplanned dry-dockings - rare is the case that the programme of work comes in to the timetable planned or cost allocated for the work - moderate time and cost over-runs are usually a fact of life for major marine/offshore engineering projects - particularly where safety case compliance issues are involved.

It should not be forgotten, in tandem with the planned shutdown to carry out essential work to lift the various improvement notices, prohibition notice and direction letter served on the current operator PTTEP by offshore regulator NOPSEMA, JSE is currently seeking regulatory approval for the early transfer of the operator-ship of the Montara asset - previously expected during H1/2019.

To achieve this transfer, JSE is required to submit a Safety Case and Environment Plan(currently under review by NOPSEMA), to demonstrate they are a fit and competent organisation to manage the assets and safety case.

Considering the previous history of the 'management' of the Montara asset under PTTEP's control; with all the critical leadership positions in the asset management operation now filled with Jadestone secondees - this planned shutdown looks to be providing JSE management with a unique and timely opportunity to demonstrate their competence to NOPSEMA, and to potentially fast-track the date of expected transfer of the Montara field operator-ship from H1/2019 to Q1/2019 - which would bring forward the introduction of the planned measures to reduce operating costs, improve field uptime/productivity and increase production.



Paul Blakeley, President and CEO commented:

"I'm pleased that the shutdown of the Montara assets has been safely concluded, which now completes all overdue inspection and maintenance items which we identified during the initial weeks after closing the transaction with PTTEP. During the shutdown, Montara personnel logged more than 9,000 hours of work, all executed without a single safety incident. This is a testament to the calibre of expertise on the asset and the leadership we have now seconded into the Montara organisation, and a key early step toward embedding the Jadestone operating philosophy and safety culture on the asset.

"In addition to resolving the regulatory non-compliance notices, which in our view now safeguards the integrity and reliability of the Montara assets, we have worked closely with NOPSEMA, the offshore regulator, to satisfy their concerns as laid out in Direction Notice 0732, and are waiting for their final support to a full restart of production."

[spangle93] 04/1/2019 10:38

Pineapple - absolutely, though I wouldn't countenance the film as representative. But you don't have to look beyond Montara itself for evidence of fatal blowouts.

The point is that they set their own deadline - they ARE "the others": JSE people are in all the management positions - and then didn't deliver on it.

[pineapple1] 04/1/2019 09:00

Having seen the movie Deepwater Horizon i'd never be critical of management who put safety first amongst their staff ( i accept its made by Hollywood for an audience). Meeting tough deadlines imposed by others is when corners get cut.
It will be back on line soon enough. I can wait.
imho

[spangle93] 04/1/2019 08:41

Agreed - but they'd have known that in November when they issued a timeline to market.

[zengas] 04/1/2019 08:35

Some of the safety issues under PTTEP (I think 4-5 issued from circa september) were pretty serious ie notice served of potential injury, death from fire/explosion risk and no alternative other than for JSE to comply with and bring these up to standard. Gas venting and temperature control one issue. Glad to see JSE now have all these issues resolved for inspection and restart.