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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.75 | 6.93% | 27.00 | 26.50 | 27.50 | 27.25 | 24.90 | 25.00 | 571,107 | 08:22:42 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 323.28M | -91.27M | -0.1688 | -1.50 | 136.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/2/2019 08:32 | Will let me buy £4K but not £5k | someuwin | |
25/2/2019 19:21 | Possibility of a 2nd Jadestone well according to latest Ensco fleet status report 5 days ago. Ensco 107 Jadestone Energy contracted for one well (estimated duration Mar 2019-April 2019). Plus one 1-well option. According to JSE Feb 2019 presentation - Montara drilling was pencilled in for Q3. Stag 2nd infll well pencilled in for Q4. If the 1st infill well is a success could they bring forward the one scheduled for Q4 and perhaps on preferential terms, back to back ? Cash pile has been building substantially. | zengas | |
25/2/2019 16:37 | Looking encouraging for tomorrow - MM's were willing to pay mid price (40.0p) for stock into the close. (L2: 39.6p v 40.4p) | mount teide | |
25/2/2019 12:10 | @Zengas - ref Workovers. I can't find information on whether there is a permanent rig on Montara? Given its age and distance from infrastructure, there probably is,in which case there may not be a need for an RNS about any workovers. If there isn't, such that a temporary facility has to be installed, then they are more likely to do a campaign and RNS it | spangle93 | |
25/2/2019 11:39 | If not before, then by the end of March there should be news on: * Transfer of operatorship of Montara to JSE * Spudding of Stag Infill well | mount teide | |
25/2/2019 11:21 | News to come before end of March. 28 January 2019: "...The Company will provide additional corporate guidance, covering its intended work programme and value delivery across the business for 2019, later this quarter." | someuwin | |
25/2/2019 11:02 | Think it'll move up soon. Can't even buy £1k worth online. | someuwin | |
25/2/2019 10:47 | Nam Du and OK are exciting ventures that should hopefully cause a bit of stink on AIM and push this share price closer to its worth. Have to wait until Q3 for this February Presentation hxxps://www.jadeston | meteors | |
25/2/2019 10:35 | Hugely undervalued imo. | someuwin | |
23/2/2019 22:57 | Energy Sector Research Data - Weekly 'Numbers Report' - OilPrice.Com Subscription Article so just a few snippets: 'OPEC+ cuts could push market into deficit: * OPEC produced around 30.8 million barrels per day in January, down 880,000 bpd from a month earlier and down 1.5 mb/d from the November peak, according to Standard Chartered. * Saudi Arabia has pledged to cut another 0.5 mb/d by March. That alone should be enough to eliminate the surplus. * “We forecast that the oil market will move into a deficit of over 500kb/d in February and March, with the call on OPEC crude rising while output falls,” Standard Chartered concluded. * Standard Chartered sees Brent prices moving back to $70 per barrel in the relatively near future. Oil supply outages at highest level in years: * Not only are the OPEC+ cuts slated to erase the supply surplus, but a series of unplanned outages are also tightening the oil market. * Libya, Nigeria, Venezuela and Iran have all seen unscheduled outages. Canada cut production to rescue prices in the face of midstream bottlenecks. The volume of unexpected supply disruptions is arguably at its highest rate in years. * “Angola and Mexico continue to over-comply due to lack of investments causing natural decline,” JP Morgan added in a report. * These latest supply outage figures do not even include the unfolding rapid declines in Venezuela, nor do they include the deteriorating situation in Iran. * JP Morgan argues that the markets are “not pricing in the risk premiums associated with such events fairly.” ' | mount teide | |
22/2/2019 13:15 | Can get an online buy quote for £3k. But not for £4k. | someuwin | |
22/2/2019 11:31 | Brent now at $67.5 - with JSE's Montara oil price hedge and regional $2.5/bbl premium to Brent; they should currently be averaging 72.25/bbl on Montara's 10,000 bopd production. With Montara's operating cost around $22/bbl - by my maths the Montara field should currently be generating $50+/bbl of operating cash flow / $15 million /month. Applying a target of 84% field uptime rate for 2019 - that suggests a potential annual operating cash flow of $151.2 million at $67.5 Brent and average production of 10,000 bopd - not too shabby for an asset that cost $81 million net! | mount teide | |
22/2/2019 10:08 | Further to the rig contract announcement for the Stag infill well: '....Ensco Australia Pty Limited has agreed to provide the Ensco 107 jack-up drilling rig to Jadestone, after completion of its current operation in Dampier, Western Australia. Jadestone intends to drill the Stag-49H well from the Stag wellhead platform, as a horizontal oil producer, targeting unswept pay in the Stag reservoir southwest of the platform. The well will target approximately 1.2 mmbbl of incremental oil reserves from the field. The Company is planning to spud the Stag-49H well in early March 2019 and drilling operations are expected to take approximately 34 days.' The total sea distance from the Ensco 107's present contract position off Dampier to the Stag Field is just 16 nautical miles - so about 3-4 hrs tow time. | mount teide | |
20/2/2019 17:39 | MT - it's not to say there aren't opportunities in Australia, and ultimately investment decisions would be based on some holistic parameters (NPV, IRR) It's just that costs are so much higher in the Australian state and commonwealth waters relative to SE Asia, so margin on production should be greater elsewhere. | spangle93 | |
20/2/2019 17:29 | Spangle - Ref Asia-Pac over Australia - would largely agree, particularly with regard to gas over oil - however, if JSE were to find/negotiate another oil deal with Montara type margin potential off the Aussie coast, it would be difficult to believe the board would turn it down. Interesting to note that Vietnam is set to experience a material nat gas deficit by 2020 according to their Ministry of Industry and Trade, and become increasingly reliant on highly expensive imported LNG to make up the gas shortfall for its fast growing clean energy generation needs and fertiliser industry. Suggests JSE's proposed development plan for their Nam Du and U Minh shallow water gas projects(sanction target date H2/2019 with first gas in 2021), looks well timed and should be capable of securing strong sales prices (Vietnam is currently paying Nat Gas Import prices similar to the EU). Viet Nam to face gas shortage in 2020:Ministry of Industry and Trade (MoIT) - Viet Nam News 'Viet Nam may have to import gas from 2020 to produce electricity for the country’s socio-economic development, according to the Ministry of Industry and Trade (MoIT). Nguyen Quyet Thang, director of market division at the PetroVietnam Gas Corporation, told a conference on Wednesday that domestic gas supply is on decline but demand keeps increasing. A MoIT report on the mining industry performance in the first half of 2018 showed natural gas output was estimated at 5.3 billion cubic metres, a yearly increase of 1 per cent, and liquefied gas production was estimated at 437,600 tonnes, up 18.5 per cent year on year. Meanwhile, gas consumption in 2016-20 is estimated at 11-15 billion cubic metres each year and 13-27 cubic metres for 2021-25. Annual gas import is planned at 1-3 billion cubic metres for 2021-25 and 6-10 billion cubic metres for 2026-35. By 2020, the percentage of gas used in power production accounts for 16 per cent of the country’s total gas production and it will reach 19 per cent by 2025. Therefore, Việt Nam is expected to encounter a shortage of gas supply from 2020, Thắng said, adding the country needs to purchase liquefied gas from overseas exporters. There are now 19 liquefied gas exporters, led by Qatar and Australia. The world’s total liquefied gas production is at 266 million tonnes per year and will reach 360 million during 2020-30. The International Energy Agency (IEA) on Tuesday reported natural gas will replace coal to be the second largest energy source in the world in 2030 due to countries’ commitment to lessen environment pollution. Global gas demand will rise 1.6 per cent annually until 2040 and it will be 45 per cent higher than the current demand. According to Thắng, Việt Nam needs to invest in its storing infrastructure first. The country is building two gas storehouses Thị Vải in Vũng Tàu Province and Sơn Mĩ in Bình Thuận Province, which are scheduled to complete in 2020 and 2023, respectively. Ngô Thúy Quỳnh, MoIT’s head of oil, gas and coal department, told the conference the gas industry has been well developing to meet the market demand and requirements. Clean energies such as renewable energy and gas-based power are the new trend of the world and Việt Nam is a part of that trend in the context that thermal power production is facing limitations and challenges regarding environmental policies and financial requirements, she said.' | mount teide | |
20/2/2019 16:45 | Brent through $67 today - with JSE's regional $2+ price premium to Brent and Montara production oil hedge contract; JSE should be achieving circa $72.25/bbl for all of its current 10,000 bopd Montara production. $72.25/bbl is almost identical to the average Brent price($73) between Jan-Sept 2018 - period when Montara averaged circa 7,600 bopd of production and, generated $92 million in cash and oil on completion of the acquisition on 28th September 2018. | mount teide | |
20/2/2019 12:26 | alamaison, ref 366 (sorry for delay) "This appraisal going on feels like a 100% success. Therefore we can book another 1M barrel, yes?" No, it's a development sidetrack, and the reserves are already booked. They are just being realised by this well. However, the production will be valuable. ZENGAS, thanks for the latest presentation link - with the greatest respect to the assets that they've picked up in Australia, which will generate positive cash flow for years, I think there would be higher margins and better returns in SE Asia, particularly in gas over oil. So while Asia-Pac doesn't exclude Australia, I hope they meant it to. ;-) | spangle93 | |
20/2/2019 07:41 | nice climb on CAD today. Are the shares in issue less comparatively to LSE? | meteors | |
19/2/2019 23:21 | if only i wasn't on off hols, i'd hold a little more. Nam Du, stag & Montara are looking promising for the H2 2019 | meteors | |
19/2/2019 11:03 | Moving up on modest volume this morning - L2 showing just two MM's left under 40p - 6 have moved up. Although Institutional Investors and Insiders recently increased the stock held by notifiable interests up to 69%, JSE, on the basis of the number of posts on Advfn and other investment websites, remains largely off the radar as one of AIM's best kept secrets with the retail investment community. | mount teide | |
15/2/2019 14:08 | MT thank you for that . I have positions in CAML, JSE and TXP. I have watched ARS for weeks now and not bought, a mistake certainly after this weeks movement, and one i will rectify. I am aware of CKN but will have another look this weekend. Thanks again. | fozzie | |
15/2/2019 12:16 | fozzie - CAML / JSE / CKN on a risk reward basis over a 3-5 year view at this point of the recovery stage of the new shipping/commodity cycle - which historically has averaged 6-9 years trough to peak. TXP and ARS undoubtably have more upside potential but are a higher level of execution risk - however, in common with the above three companies they have an exceptionally talented management that can demonstrate an outstanding track record of success in the recovery/boom stage of the last oil and copper market business cycle - so, it would not surprise me if either outperformed the above three over a 5 year view, since the risk reward is materially greater. | mount teide | |
15/2/2019 11:43 | Vermilion have about 11% of their operations in Australia and where the Ensco 107 rig is currently. 152.5m shares in issue @ $24.55 ($1.30 = £1) = £18.88/share = £2.88 billion m/cap. Net debt $2b. 300 mmboe 2P end 2017 + 210 mmboe contingent (mid case) resources. Q3 2018 production = 96,200 boepd 2019 production guidance = 101,000 - 106,000 boepd. Dividend yield 8.6%. Monthly dividend 23c/share. Paid accumulated total of $36.87 per share over last 15 years in dividends 2003-18. Floated 1994 at 30c/share. ==================== JSE m/cap on 461m shares @ 38p = £175m. Net debt circa $50m. Reserves 45 mmboe 2P with circa 100 mmboe 2C plus a host of exploration opportunities. Production 13k+ boepd. Infill drilling + if Ogan Komering is acquired - closer to 20k boepd next year and to be circa 30k boepd producer from existing assets within another 4 years (without any new acquisitions.). Generating significant cash - expecting further acquisitions which in turn will lift prouction. See No1 mission statement re acquiring production.I expect this through debt/cash generation. Management ex Talisman who have created $6b+ valuation. December 2018 interview reference rewarding shareholders with dividend. Would require $6.8m to pay 3% dividend against current 38p share price. (Revenue already circa $310m/yr with circa $8-$10m/month free cash flow). With further acquistions and the companys own 30,000 boepd target from 3 of the existing assets - could be capable of future $1b revenue and $100m+ dividend stream. On a buy/hold basis at this price - could see very good long term growth trajectory in both dividends and share price once asset growth and momentum builds. | zengas |
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