Jadestone Energy Share Discussion Threads

[senn1] 18/1/2019 10:27

45 recent high should be tested soon


Any sniff of a divi 70p

[someuwin] 18/1/2019 10:21

I'll keep adding at these prices.

Way too cheap - imo.

[zengas] 16/1/2019 20:04

Thanks Spangle.

Do you know if PTTEP still have the undeveloped Audacious and Tenacious oil fields and the Oliver Gas & oil discovery above (north-east of ?) Montara.

They had a sizeable near 100% interest I thought and were going to develop these 2017 but given they are now perceived non core and they have already shed the bigger Montara asset, surely they are even more non core and be potentially fairly cheap.

I'm just wondering with JSEs involvement with PTTEP (personnel/deal making etc) could they possibly pick these up ? It would certainly fit in with JSEs strategy.

[spangle93] 16/1/2019 18:37

Zengas - one of the nearest sizeable fields to Montara is the Crux field, which is under FEED just now I believe. That's a gas development, to deliver dry gas through a long pipeline to the prelude FLNG vessel to supplement the Prelude field.



Likewise Ichthys is likely to need third party gas in the coming years, and regulators will not appreciate venting of Montara gas in the light of climate change promises, hence will be keen for alternative end points.

So I think opportunities for Montara gas export are forming.

Development of the Montara neighborhood to the host facilities would improve Opex there, and probably be cheaper than another company purchase

[alamaison5] 16/1/2019 16:54

SENN1:
Your post will not have any influence on the buyer at 35p to sell, lol nor me to buy lol x 2

[alamaison5] 16/1/2019 16:53

AND:
senn1 - 14 Jan 2019 - 08:50:44 - 274 of 286 Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture - JSE
With Jadestone (JSE), our thesis continues to manifest along with very strong returns for this exciting and growing oil producer. Jadestone successfully IPO'd in London in August under the symbol, JSE LN.

see link

JSE executed a $200mm transformational Australian asset acquisition from Thailand giant, PTTEP. We hold a seat on the Board of Directors of JSE, added to the equity position on the raise, and continue to focus hard on its growth trajectory.

Jadestone has a chance to be a true small cap champion and the potential to be a $1B company in the face of Brent oil's uplift near $75 a barrel. Adding to this are the strong free cash flows from the new Montara acquisition, which on a proforma basis, will allow $100mm of annual FCF for a company today trading at a large discount (1.5X EV/EBITDA for 2019) to any peers. We continue to feel Jadestone is in a great position to prosper in the years ahead thru both acquisition and organic growth and reflects the strength of an excellent management team. My hats off to CEO Paul Blakeley and his team!

[senn1] 16/1/2019 16:51

Livermore Partners

Mon 07:57

With Jadestone (JSE), our thesis continues to manifest along with very strong returns for this exciting and growing oil producer. Jadestone successfully IPO'd in London in August under the symbol, JSE LN.

see link

JSE executed a $200mm transformational Australian asset acquisition from Thailand giant, PTTEP. We hold a seat on the Board of Directors of JSE, added to the equity position on the raise, and continue to focus hard on its growth trajectory.

Jadestone has a chance to be a true small cap champion and the potential to be a $1B company in the face of Brent oil's uplift near $75 a barrel. Adding to this are the strong free cash flows from the new Montara acquisition, which on a proforma basis, will allow $100mm of annual FCF for a company today trading at a large discount (1.5X EV/EBITDA for 2019) to any peers. We continue to feel Jadestone is in a great position to prosper in the years ahead thru both acquisition and organic growth and reflects the strength of an excellent management team. My hats off to CEO Paul Blakeley and his team!

Good read and forgetting short term movements why this is a good stick to hold, also order where the 22mill is going Divi anyone???

[alamaison5] 16/1/2019 16:39

Perhaps perhaps... or perhaps we should all sell up so you can buy back in cheaper :)

INDEED INDEED. TRADE DON'T INVEST! THIS IS MY MOTO.

INVESTORS ARE POTENTIAL TRADER WHICH HAVE HAD A BAD TRADE, LOL.

I hold: LEK, HNR, CORO, GEO, FFWD.

[king suarez] 16/1/2019 15:17

Why buy any share, when people will sell as the price rises?

Perhaps the new institutional investor will look for more than the current share price to offload their recent purchases, and perhaps they will be transferred to another II at a price above 39p, that does not affect current shareholders.

Perhaps the price of oil will rise higher, perhaps the massive cashflows being produced here will be reinvested in assets providing even greater capital growth and/or sizeable dividends that reward shareholders for holding..

Perhaps perhaps... or perhaps we should all sell up so you can buy back in cheaper :)

Perhaps... perhaps... perhaps...

[alamaison5] 16/1/2019 14:58

The buyer at 35p will sell whenever it JSE rises.
Therefore why buy now when this is going lower?
Millions and millions have changed hand at 35p.

[zengas] 16/1/2019 13:43

Bearing in mind the cash build nearing $100m+ and ongoing cashflow before drilling kicks in, they planned to do some well workovers instead at Montara to boost production and these could start now that operations there are back online. Just 1 infill well later this quarter at Stag.

They are looking at further acquisitions and re-entry into the Ogan Komering PSC is still under negotiation.
I'm hoping that they will pick up other transformational assets that the majors are giving up and other low cost assets considering the cash build and ongoing monthly free cash flow on a par with what they paid for both Stag and Montara. (Without a hub, they are of little value to others).


They were able to buy Stag from Santos and Quadrant for $10m giving them over 3,000 bopd with 14.6 mmbo P2.

Montara was bought for $195m giving over 10,000 bopd with 28.2 mmbo P2.

What might $50m-$60m - $100m+ buy at some point ? in relation to what was paid for Stag and Montara given their size and production.

Given they have Montara as a hub they have said this about the possibilities -


"In the blocks neighbouring the Montara Assets there are multiple oil and gas discoveries and previously suspended fields. Many of these discoveries are currently stranded as they are not of a size that can economically justify a standalone development. Currently the Montara Assets infrastructure is the only infrastructure in the area through which these discoveries could potentially be produced. The Company may in the future explore opportunities to monetise these assets which may be through acquisition, farm-in or third party tariff arrangements;

and re gas - "Within the Company’s blocks, there are currently stranded discovered gas resources which are currently not of a size which would make commercialisation economic. However, within neighbouring blocks there are also other similarly stranded gas discoveries and the Company could in the future explore joint development solutions for these discoveries. This will, however, remain subject to pricing, technology and neighbouring activities."

[meteors] 16/1/2019 12:50

How long until the highs of 45p again?

I expect news about the 2 new infill drilling wells at Stag this year will boost share price once a dates is announced?

[alamaison5] 16/1/2019 12:40

I am indeed:
BID/OFFER
39.20p 39.40p
DAY CHANGE
-0.40p (-1.01%)

What do think? 36/37/38p?

[mount teide] 15/1/2019 15:30

alamaison5 - it was a late published trade from 9th January, when some 50m plus exchanged hands over a few days.

09-Jan-19 - 14:15:35: 8,500,000 Sell*
09-Jan-19 - 18:13:58:-8,500,000

As a short term trader you're clearly keen to secure a lower re-entry price - good luck with that - i would suggest most here have invested on the basis of where the company valuation is likely to be in 2-3 years rather than 2-3 days/weeks/months.

[alamaison5] 15/1/2019 10:17

The ASK £0.3948. These 8,5000,000 shares bought at 35p will slow any progress in the share price rise...

[alamaison5] 14/1/2019 12:59

Sold at 40p now real BID is 39.5p.

[senn1] 14/1/2019 09:34

The article is from Livermore Partners.


Micheal Hausers very successfull investment fund.

[senn1] 14/1/2019 08:50

With Jadestone (JSE), our thesis continues to manifest along with very strong returns for this exciting and growing oil producer. Jadestone successfully IPO'd in London in August under the symbol, JSE LN.

see link

JSE executed a $200mm transformational Australian asset acquisition from Thailand giant, PTTEP. We hold a seat on the Board of Directors of JSE, added to the equity position on the raise, and continue to focus hard on its growth trajectory.

Jadestone has a chance to be a true small cap champion and the potential to be a $1B company in the face of Brent oil's uplift near $75 a barrel. Adding to this are the strong free cash flows from the new Montara acquisition, which on a proforma basis, will allow $100mm of annual FCF for a company today trading at a large discount (1.5X EV/EBITDA for 2019) to any peers. We continue to feel Jadestone is in a great position to prosper in the years ahead thru both acquisition and organic growth and reflects the strength of an excellent management team. My hats off to CEO Paul Blakeley and his team!

[meteors] 14/1/2019 07:58

Do you think this share price could hit 80p by the end of Q4, what potential does this have? Because it seems to good to be true at the moment and not sure if the share price reflects that currently (although a nice rise on Friday)

[mount teide] 13/1/2019 16:07

Major shareholder and NED David Neuhauser's Livermore Partners Strategic Opportunity Fund achieved a Q3 result of +18.51% and a year to date(end Sept) performance of +33.95%.

The fund has a high conviction investment approach and holds a maximum of 15 investments(including both Long and Short positions).

It specialises primarily in the Energy, Financial and Industrial sectors. Of its LSE listed investments - the fund holds long positions in Jadestone and Solgold and is running a short on Burberry.

[mount teide] 12/1/2019 16:18

Brent average Prices - since the recession low in H1/2016
$39.00 - H1/2016
$48.50 - H2/2016
$51.50 - H1/2017
$56.50 - H2/2017
$70.50 - H1/2018
$73.50 - H2/2018
$72.00 - 2018 average
$61.00 - Current Spot Price
$72.00 - Price JSE has hedged circa 50% of 2019 Production

$61 Brent today is equivalent to $49 oil in 2008 after inflation adjustment(Brent peaked at $147 in 2008/9 - average 10 year Brent price since is $80)

The SE Asia, China, India and Pacific Rim oil consumption growth chart has been a near straight 45 degree line for the last 38 years - the region is responsible for over 75% of global oil consumption growth since 1980. China and India(world's first and third largest oil importers) both reported above forecast oil import growth in 2018 of 6%+.

[alamaison5] 11/1/2019 12:46

Get a thumb down for taking profits, lol.
Hey, the difference between U & I is that you are investors & I a trader...
Anything wrong with that is it?
The recent massive volume have to be cleared.
This on the flow update day.
As I said, I'll be back...

[mount teide] 11/1/2019 10:24

Strong regional demand for Montara's light sweet crude according to market analysts.


Jadestone Energy restarts light sweet Australian Montara crude oil production - S&P Global Platts today



'Jadestone Energy has restarted crude oil production from Australia's Montara oil field following its maintenance and inspection shutdown, the independent oil and gas production company said in a statement Friday, in a move that could help light sweet crude supply in the Asian spot market rebound.

Production operations restarted at the Montara facilities on January 11, and production volumes will be ramped up while final checks are concluded, Jadestone Energy said. The entire facility will be restarted, including both the oil production system and the gas system, which enables gas-lift and gas re-injection so as to optimise production operations as rapidly as possible, the company added.

The Montara oil project consists of three oil producing fields -- Montara, Skua and Swift/Swallow. Crude oil output from the field is around 10,300 b/d. The project is located in the Timor Sea, about 690 km west of Darwin, Australia. Montara crude has a gravity of around 35 API with a sulfur content of less than 0.05%.

In July 2018, Jadestone Energy acquired a 100% stake in the Montara oil project from Thailand's PTT Exploration and Production.

Montara crude was rarely seen offered in the spot market as output was mainly reserved for Thailand's domestic refineries. PTT had typically shipped an Aframax-sized cargo of Montara crude to Thailand every one to two months.

However, Asian sweet crude traders noted that Jadestone's acquisition from the Thai upstream company could mean that the light sweet Montara crude will be made available in the Asian spot market on a regular basis once it wraps up all the regulatory and financial procedures.

"Catching up on Montara's overdue inspection and maintenance tasks and resolving the regulatory non-compliance notices was a prudent step early in Jadestone's experience with Montara, and serves to enhance the asset's value," Jadestone president and chief executive Paul Blakeley said in the statement.

LIGHT SWEET CRUDE SUPPLY POOL

Asian refinery sources said the restart of Montara crude production could help put the brakes on the rapid decline in light sweet crude supply in the Asian spot market.

"The overall light sweet oil supply pool has become too tight [in the Asian spot market] and [the Montara production restart] is a welcome news," said a trading manager at a Southeast Asian refiner.

Major Southeast Asian crude producers including Indonesia and Vietnam continued to witness their overall production slide in 2018, while growing domestic refining requirements added to the downward pressure on their respective export figures over the past few quarters.

Market watchers noted that Vietnam has been offering less barrels of its flagship grades including Chim Sao, Thang Long, Ruby and Bach Ho over the past several quarters due largely to decreasing production at the aging fields.

Indonesia's crude and condensate exports have been trending sharply lower as Jakarta stepped up efforts to increase dependency on domestic oil in order to slash growing energy import bills.

Indonesia's flagship light-end crude grades including Senipah condensate, Bontang condensate, Handil Mix and Attaka have almost dissipated from the Southeast Asian spot market as most of the output is processed by state-run Pertamina's domestic refineries, industry sources said previously.

"With so many light sweet Southeast Asian grades disappearing from the market, regional buyers would be hoping to see Australian output fill the gap," said a sweet crude and condensate trader at a Japanese integrated trading company.'

[alamaison5] 11/1/2019 09:40

A break has been put on. The buyer becomes the seller. So did I, at 40p.
Now I can buy at 39.7p...
I'll be back, lol