Jadestone Energy Share Discussion Threads

[mount teide] 12/2/2021 18:18

Thommie....probably some II to II transactions at a pre-agreed price - trying to buy that volume in the open market would have seen the price race away from them.

[mount teide] 12/2/2021 17:29

Brent spikes to $62.75

[thommie] 11/2/2021 20:09

4mio shares buy reported afterhours... still share price just a little bit up today. wtf is going on here?

[thedudie] 11/2/2021 09:37

Yes I noticed that - still strong demand then

[c0lin1] 11/2/2021 09:29

those 73.1 are sells so someone must be mopping them up.

[mount teide] 10/2/2021 14:36

L2: moved from 3 v 3 / 70p v 73p ( then 4 x 74p and 4 x 75p)

To: 2 v 4 / 72p v 74p ( then 5 x 75p and 2 x 77p)

[thedudie] 10/2/2021 14:20

Looking strong today.

[bdroop] 10/2/2021 14:15

Seems to wake up a bit in the afternoons at the moment..

[croasdalelfc] 10/2/2021 14:15

Jan-Nov production was 11356 bopd (Dec 4 RNS): total 3798582 barrels
Jan-Dec prodcution was 11438 bopd (Jan RNS): total 4174870 barrels

Therefore Dec Production 376288 barrels : Exit Dec production : 12138 bopd

Maari current production Jan 2021 (from Horizon RNS) : 3657 bopd net to JSE

Total group production January 2021 : 15795 bopd

at circa $47/bbl operating cash flow : $742k per day/$5.2m per week/$22.3m a month

$268m a year

[mount teide] 10/2/2021 13:43

L2: 3 v 3 / 70p v 73p ( then 4 x 74p and 4 x 75p)

Actual spread: 71.1p v 73.0p

[mount teide] 10/2/2021 10:53

Marine Fuel Oil continues to strengthen ahead of the rate of increase of the Global Benchmark crude oil pricing:

Change compared to pricing on 9th December 2020 in brackets - (all prices rounded to nearest whole number)

$89 / (+14) - MGO - APAC Average
$77 / (+16) - VLSFO - APAC Average
$72 / (+16) - Jadestone / STAG - (est $11 / 18% Premium to Brent)
$65 / (+14) - Jadestone / Montara - ($4.0 / 8% Premium to Brent)
$63 / (+14) - Maari ($2.0 / 3% Premium to Brent)
$61 / (+13) - Brent
$59 / (+10) - HSFO - APAC Average
$58 / (+12) - WTI

$24/bbl - Est Stag OPEX
$18/bbl - Est Montara OPEX
$16.5/bbl - Maari OPEX

$5 - VLSFO/STAG Spread
$16 - VLSFO/Brent Spread
$18 - VLSFO/HSFO Spread

Jadestone should currently be generating circa $48/bbl of cash flow on the Stag production and $47/bbl on the unhedged Montara Production, inclusive of the IMO 2020 Premium.

Equivalent to over $200 million per annum of cash flow on an annualised basis inclusive of the Q1/2021 oil price hedge and, circa $265 million inclusive of Maari production;
based on an average of the current production for the year, which is likely to be highly conservative considering the in-fill drilling, well optimisation and pump replacement programme scheduled for 2021.

AIMHO/DYOR

[buffythebuffoon] 09/2/2021 08:51

Ah, that’s more like it thedudie.

English words and in recognisable combinations. 😂

Buffy

[thedudie] 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.

[buffythebuffoon] 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

[bamboo2] 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

[bradvert] 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!

[mount teide] 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

[croasdalelfc] 08/2/2021 13:50

I get the feeling they have a few slides to add when the update the market for 2021 guidance

[thommie] 08/2/2021 13:23

he has to have employees :)

[lord gnome] 08/2/2021 13:21

You are keeping yourself busy today MT. Thanks for all the info.

[mount teide] 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).