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JSE Jadestone Energy Plc

32.50
-0.50 (-1.52%)
25 Jun 2024 - Closed
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
  -0.50 -1.52% 32.50 32.00 33.00 33.00 32.50 33.00 382,830 10:26:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 448.41M 8.52M 0.0158 20.57 175.77M
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 33p. Over the last year, Jadestone Energy shares have traded in a share price range of 21.50p to 39.50p.

Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £175.77 million. Jadestone Energy has a price to earnings ratio (PE ratio) of 20.57.

Jadestone Energy Share Discussion Threads

Showing 5226 to 5249 of 22025 messages
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DateSubjectAuthorDiscuss
09/2/2021
08:28
Think what Bamboo2 is trying to say is ... oil has gone up and if people keep buying JSE like they are then the price of JSE is going to go up :) and soon we can plant a flag on the moon.
thedudie
09/2/2021
08:05
Hello bamboo2 (You mean there’s at least two of you?)

I believe that English is the language we use here. Coming from another planet is no excuse.

Buffy

buffythebuffoon
09/2/2021
07:58
Bull flag on CL1 [Light] has hit target today.
Anticipate a turn and likely formation of another bull flag consolidation zone around now.
Could be short lived as next possible turn is 12-15/2/2021. Watch inbound trend for direction, if any.

Upbreak tp likely to be approx $64

bamboo2
09/2/2021
02:24
Interesting article on $12B of IOC M&A opportunities in Asia Pacific region.
hxxps://www.energyvoice.com/oilandgas/asia/exploration-production-asia/293938/asia-mergers-and-acquisitions/

Even more interesting that it was retweeted by Jadestone's twitter account!

bradvert
08/2/2021
22:32
Oil Sees Strongest January In 30 Years



"commodities are leading the way and the inflationary thesis keeps building up"
"Best YTD performance in 30 years."
"Stunning how no one is talking about this."
Costs Otavio Partner and Portfolio Manager at Crescat Capital

'The year-over-year rise in a basket of commodity prices (and they mostly all show a similar pattern) is now a bit above 25%. This is a problem because in the past 20 years, that’s been consistent with headline inflation of just under 4%... or rather, it would be a problem if government headline inflation data actually reflected the reality of prices.
BMO Global Asset Management

mount teide
08/2/2021
20:46
Heavy sweet crude oil is extremely rare and constitutes less than 1% of global crude oil production, and since the introduction of the IMO 2020 Shipping Fuel Regs attracted premiums to Dated Brent averaging between $8 and $31/bbl.

Heavy sweet crudes are ideal for blending into low sulphur marine fuels due to the grades' rich fuel oil yield, very low sulphur content and unique specifications such as low pour point and high flash point.

Heavy sweet crudes go straight into the low sulphur marine fuels blending pool across Asia.

The high premiums paid do not reflect the refining value of the crude, but rather its value for blending into the low sulphur fuel oil pool.


The highest quality heavy sweet grades that attracted premiums to dated Brent of between $8 and $31/bbl during 2020 were:

0.14% Sulphur / 18.5% API - STAG - Australian / JADESTONE
0.19% Sulphur / 19.3% API - PYRENEES - Australian / BHP and SANTOS
0.37% Sulphur / 17.4% API - VINCENT - Australian / WOODSIDE
0.37% Sulphur / 18.5% API - VAN GOGH - Australian / BHP

The second tier heavy sweet crude grades that attracted premiums to Brent of between $3 and $9/bbl due to their slightly lower quality and the additional sea transportation cost of circa $5/bbl to the globally important marine fuel hubs at Singapore and Fujairah were:

0.11% Sulphur / 21.1% API - DOBA - CHAD
0.19% Sulphur / 18.5% API - ESCALANTI - ARGENTINA
0.20% Sulphur / 20.8% API - DURI - INDONESIA
0.34% Sulphur / 27.6% API - DJENO - CONGO
0.49% Sulphur / 23.7% API - DALIA - ANGOLA

Petrotal's heavy sweet Bretaña is at the premium end of this tier:
0.50% Sulphur / 19.5% API - BRETANA - PERU / PETROTAL

The premium Malaysian, Australian and NZ light sweet crudes also of interest to the marine fuel industry for blending with heavy sweet crudes to produce very low sulphur marine fuel oil that attracted premiums to Brent of between $2 and $9/bbl during 2020 were:

0.05% Sulphur Content / 35.0 API - MONTARA - AUSTRALIA /JADESTONE
0.06% Sulphur Content / 38.6 API - KIMANIS - MALAYSIA
0.09% Sulphur Content / 32.0 API - LABUAN - MALAYSIA
0.09% Sulphur Content / 35.1 API - MAARI - NZ/JADESTONE

Note: Montara and Maari have circa $2/bbl and $4/bbl additional sea transportation costs respectively to Singapore compared to the Malaysian producers.

AIMHO/DYOR

mount teide
08/2/2021
13:50
I get the feeling they have a few slides to add when the update the market for 2021 guidance
croasdalelfc
08/2/2021
13:23
he has to have employees :)
thommie
08/2/2021
13:21
You are keeping yourself busy today MT. Thanks for all the info.
lord gnome
08/2/2021
13:00
Updated Company Presentation - Feb 2021, now available on the company website.
mount teide
08/2/2021
12:47
Along with news of the completion of the Maari acquisition, another short term price catalyst is likely to be the Government sanctioning of the development plan for the Vietnam assets and Board approval.

Nam Du and U Minh should add an extra 30mm boe to 2P Reserves

According to JSE management this will add $246m NPV to the company, or around 53c/40p per share.

Current valuation is circa 20% below the NAV value of Stag and Montara with nothing yet in there for Maari (30p) and Nam Du and U Minh (40p).

mount teide
08/2/2021
12:15
Maari Oil Field Acquisition - Jadestone (69%)

FPSO - Roroa

2006 - Conversion to FPSO carried out at Jurong Shipyard - Singapore (cost of hull and conversion similar to sister ship Montara Venture at circa $107m)

2009 - Went into commercial operation on the Maari Field under a 10 year fixed price charter rate contract (with annual uplifts), containing an option to buy after 4 years.

2012/3 - Maari Field Consortium bought FPSO from the owner (price not disclosed - would estimate $85m-$100m)

2013 - FPSO underwent a US$40m upgrade programme of work in Nelson Shipyard NZ - this included the upgrade of the processing equipment and the installation of a new swivel so it could rotate on its mooring.

During this time construction activities at the Maari field continued in preparation for the tie-in of new wells. This included the upgrade of the wellhead platform and the replacement of several mooring lines of the anchor-buoy for the Raroa.

2016 - Carried out a further US$30 million upgrade on Roroa - including the upgrade of all eight of the ship's mooring lines to a higher strength specification, and the chain attachments and mooring line components to 'future-proof' the in-field operation of the FPSO for at least 10 years. "The replacement will mean that no major mooring works will be required for the next 10 years."

Considering the likely price paid by the Maari Consortium for FPSO Roroa and cost of improvements since carried out to the vessel - two fellow shipping industry professionals and myself believe Jadestone's 69% ownership share of the FPSO Roroa currently has a market value considerably in excess of the $50m paid by Jadestone for the purchase of 69% of the Maari Field INCLUSIVE of the FPSO Roroa.

Effectively, by the expected completion date of the deal in H1/2021 - Jadestone could well find itself in a position where they receive cash from OMV (generated from the effective 1/1/2019 date of the deal, through to the H1/2021 completion date), up to double $50m Maari acquisition purchase price payable on closing, with the 69% ownership shareholding of the significantly upgraded FPSO Roroa thrown in for free (similar to the Montara deal).

AIOHO/DYOR

mount teide
08/2/2021
11:56
L2: 1 v 3 / 72p v 73p (then 2 x 74p, 1 x 75p, 3 x 76p and 2 at 77p)
mount teide
08/2/2021
11:02
L2: 3 v 2 / 71p v 72p (then 5 x 73p, 1 x 74p and 3 at 76p)
mount teide
08/2/2021
09:43
L2: 1 v 1 / 69p v 71p (then 4 x 72p, with the rest 73p and above)
mount teide
08/2/2021
09:27
L2: 2 v 1 / 68p v 71p (then 4 x 72p, with the rest 73p and above)
mount teide
08/2/2021
09:24
S93 and LG - it was a comment made by an oil sector analyst in a recent report openly questioning the major's ability to generate similar returns for shareholders from renewables.

I too suspect 15% is closer to what they achieve rather than target.

mount teide
08/2/2021
09:09
I could well imagine that 15% not what they target but it is what they end up with :-)
lord gnome
08/2/2021
09:08
Large oil firms generally target a return on oil investments of about 15%.

Interesting comment, MT. Is this your observation or from an industry source?

My experience is that they target more, then don't deliver projects as planned, but for quite a lot of the last 20 years they have been bailed out by a higher oil price than forecast.

spangle93
08/2/2021
08:29
Brent through $60 this morning - first time since Jan 2020.
mount teide
08/2/2021
08:07
L2: 7 v 2 / 67p v 71p (then 5 x 72p, with the rest 73p and above)
mount teide
08/2/2021
00:19
Mr Looney is taking the company down the renewable energy route; an approach with huge upfront capital investment costs.

The energy transition road will likely be very bumpy for BP and all the oil majors; since they have little experience in renewables and new investments will make them subject to the execution risk. Not all investments will probably prove to be successful.

Large oil firms generally target a return on oil investments of about 15%. BP recently said it expects returns of 8% to 10% from its low-carbon electricity investments, with the traditional oil and gas units pushing overall returns to 12% to 14% by 2030.

mount teide
07/2/2021
23:51
Right. So I have just six figures of these. Next week I hope to receive the funds from an old pension transfer into my sipp. Does the team think I should fill my boots with more of these or buy some BP for the div?
fardels bear
07/2/2021
23:20
You're a legend MT. Thankyou 👍
ilostthelot
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