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JSE Jadestone Energy Plc

26.50
1.25 (4.95%)
Last Updated: 11:30:30
Delayed by 15 minutes
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
  1.25 4.95% 26.50 26.00 27.00 27.25 24.90 25.00 2,235,809 11:30:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.57 136.56M
Jadestone Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 25.25p. Over the last year, Jadestone Energy shares have traded in a share price range of 23.00p to 39.00p.

Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £136.56 million. Jadestone Energy has a price to earnings ratio (PE ratio) of -1.57.

Jadestone Energy Share Discussion Threads

Showing 501 to 519 of 22975 messages
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DateSubjectAuthorDiscuss
03/3/2019
12:54
The stock market is not always the perfect arbiter of value.

Howard Stanley Marks, the serial value investor and founder of the multibillion, wealth management firm Oaktree Capital Management, once opined that:

"All intelligent investing is value investing — acquiring an asset for less than its value means seeing what everyone else sees and thinking what no one else thinks."

The previously unloved and poorly managed Stag and Montara Fields are proving to be good examples.

mount teide
01/3/2019
11:58
The Stag Field is serviced under long term contract by the FPSO Dampier Spirit operated by Teekay Offshore.

Teekay secured a 10 year contract extension for the vessel in 2014 - as part of the terms of the extension of the charter, Dampiar Spirit entered drydock during H2/2014 for $11m of capital upgrades.

According to data sourced from the FPSO operaters and Lloyd's List the vessel is generating around $25,000/day of revenue under the contract(circa $15k/day of cash flow). The FPSO cost to Jadestone is currently circa $7.35/bbl of production, which could fall to circa $5.50/bbl in the success case for the infill well due to spud this month. The Dampier Spirit has an oil storage capacity of 700,000 bbl - some 205 days of current field production - so requires as few as just two shuttle tanker visits a year to deliver the annual field production to market.

By way of comparison, Premier Oil is currently paying $575,000/day for the charter of the BW's Offshore's FPSO stationed at the Catcher field - circa $8.80/bbl at the current peak production rate - and need to offload the FPSO weekly to avoid production shutdowns due to storage capacity constraints.


Stag Field History - Malaysia's Sona Petroleum Berhad agreed to buy the field for $50 million in 2015 (average oil price circa $55, down from $100 plus in 2014)) - long before the deal was due to complete the oil price commenced a further rapid decline (during which Sona elected to walk away by paying a penalty fee), on its way to circa $28 during H1/2016(the Stag field at that point had operating costs close to $70/bbl).

Paul Blakeley/Mitra Oil(now Jadestone) stepped in at the oil market nadir in H1/2016 with an opportunist $10m offer - which was accepted. The deal completed in November 2016 by which time Brent had recovered to $56, double the H1/2016 market low. After taking over operatorship of the field in Q2/2017, Jadestone has reduced field operating costs to circa $30/bbl(target low 20's post two 2019 infill wells and further operating cost savings).

As with Montara, Blakeley and his team clearly have considerable expertise at spotting lowly valued SE Asian O&G market midlife/mature asset purchase opportunities with material upside potential under their management eg: a poorly managed and oil price low ravaged asset (STAG) and a very poorly managed asset operated by an IOC looking to vacate the region (MONTARA) - long may it continue.

One of the great attractions of investing in a highly experienced second phase operator in an energy hungry, high population region like SE Asia/Pacific Rim is the much reduced market competition for high quality mid/late life assets and, the mostly benign sea and weather conditions compared for example to the gale lashed Northern North Sea and even more challenging conditions found in the North Atlantic west of Shetland, which routinely experience huge depression generated oceanic swells (10 metre plus) and appalling weather conditions from September through to May.

The near year round reality of operating in the Northern Sea Sea and North Atlantic:

mount teide
01/3/2019
10:50
We're now into March. So Stag spud can't be far away.

"The Company is planning to spud the Stag-49H well in early March 2019 and drilling operations are expected to take approximately 34 days."

someuwin
28/2/2019
16:29
L2: 40.4p v 41.0 - Bidding 40.6p for volume into the close.
mount teide
28/2/2019
14:19
Still not showing on LSE website though.

Buffy

buffythebuffoon
28/2/2019
13:09
Yes I noticed that. That's why I checked with JSE Investor Relations yesterday. They confirmed that JSE CEO would be presenting there.
someuwin
28/2/2019
12:56
Thanks. Weirdly doesn't show on the calendar page, if you click on it.
alan00
27/2/2019
19:52
Half way down this page...
someuwin
27/2/2019
19:49
Where does it say this?Thanks
alan00
27/2/2019
19:34
Jadestone Energy CEO Paul Blakely will be presenting at...

London South East Oil & Gas Investor Evening

Date / Time:
Tuesday 12th March 2019 from 6:15pm
Location:
Brewers Hall, Aldermanbury Square
(Off London Wall), London , EC2V 7HR

someuwin
27/2/2019
12:13
Any linkys?
fardels bear
27/2/2019
00:52
Latest Broker coverage:

Cantor Fitzgerald - BUY - 94p price target - 'An Asian Treasure' - 11 Feb/19

BMO Capital Market - Outperform - 100p price target - 'Finding A Hidden Gem' 22 Nov/18

mount teide
27/2/2019
00:16
Costax - lol! - i'd lay off the crackpipe son - as they told you on the RRE thread; do some research worthy of the name instead of wasting your time spamming embarrassingly amateurish 'research' on companies you're invested in on dozens of other competitor company websites.
mount teide
26/2/2019
22:57
Mcap too big,debts,small reserves,small daily oil debit for such a big mcap!!!!
costax1654x
26/2/2019
20:58
ahh i get it now, this months highest share price ;)
meteors
26/2/2019
20:48
Does breakout mean an increase in share price and also how do you know from that chart? (obvious noob here)

Thanks

meteors
26/2/2019
20:48
Does breakout mean an increase in share price and also how do you know from that chart? (obvious noob here)

Thanks

meteors
26/2/2019
20:34
Chart looks better on the TSX imo - close to breakout...
someuwin
26/2/2019
19:26
Malcy's take on US activist hedge fund Tyrus Capital clearing out an 8.5 million line of stock recently to go above 25%

'I have had a number of questions about the increasing holding of Tyrus Capital on the shareholder register at Jadestone which recently went above the 25% level. I am told on good authority that not only are Tyrus friendly and supportive but have held a large position in the company for many years, indeed the recent addition was an ‘opportunistic’ one as they cleared a line of stock up in the Toronto market. With a lock up in place since the admission over here I don’t see them bidding for Jadestone any time soon.'

And with Montara coming back on at 10,000b/d against an average of 7,615b/d in 2018: 'With no further maintenance required before the end of 2020 things are set up nicely for JSE for the foreseeable future.'

mount teide
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