Jadestone Energy Share Discussion Threads

[fardels bear] 25/2/2021 17:32

I smell leaky.

[duckdown] 25/2/2021 17:27

Some very chunky trades showing up now.

18.5million volume traded.

[fardels bear] 25/2/2021 17:21

Alien invasion? ;)

[lord gnome] 25/2/2021 16:42

Good volume today with some big trades going through. It definitely feels as though somebody has taken off the handbrake. Could be an excellent day tomorrow. Can't think of any bad news to come. (Famous last words).

[mount teide] 25/2/2021 15:52

L2: 3 v 1 / 78p v 80p (then 3 x 81p, 2 x 82p, 3 X 83p and 1 x 84p)

Rising on strong volume - 5.84 million.

[thedudie] 25/2/2021 14:56

Can currently sell small quantities above mid at 79.2.
Presumably the buyer is still interested

[sporazene2] 25/2/2021 14:46

Hi all - excellent thread. I have been picking up a few here over the last 2 weeks as JSE seems very well placed with regards to oil price recovery, stable financial position of the company and options for organic growth over the next 12 months. Likely to throwing off plenty of free cash. Looking forward to tomorrows guidance call and I see no reason why this cant push on past 94p resistance in the coming weeks/months, assuming the oil price doesnt drop back below $50-55

GLA.

[mount teide] 25/2/2021 14:13

2 x 750k at the full 79p offer price.

[sga64] 25/2/2021 14:03

I use HL, you can buy JSE not using limit order facility. You may need to play around with size of order to get it through but deffo shares available to buy.

[fardels bear] 25/2/2021 13:31

As usual HL won't let me buy any. Most days I put on a limit order at the ask, because it never gives me a real time quote, and every time it fails to be achieved because the ask increases by a penny half way through the day to above my limit price.

[mount teide] 24/2/2021 16:30

Brent jumps again to $67.25 - up 2.83% for the day.

[croasdalelfc] 24/2/2021 12:51

I would hope we get a roadmap to 18k production by end 2021 and 25k by end 2022. For $150m capex this year and $100m next. 20kbopd would give close to $350m a year operating cash flow at current Brent and .25kboepd (20% gas) would give over $400m operating cash flow

[mount teide] 23/2/2021 23:15

Marine Fuel Oil prices continue to strengthen ahead of the rate of increase of Global crude oil benchmark pricing:

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

$95 / (+20) - MGO - APAC Average
$82 / (+21) - VLSFO - APAC Average
$77 / (+21) - Jadestone / STAG - (est $11 / 18% Premium to Brent)
$70 / (+19) - Jadestone / Montara - ($4.0 / 8% Premium to Brent)
$68 / (+19) - Maari ($2.0 / 3% Premium to Brent)
$66 / (+18) - Brent
$62 / (+16) - WTI
$62 / (+16) - HSFO - APAC Average


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

$5 - VLSFO/STAG Spread
$16 - VLSFO/Brent Spread
$20 - VLSFO/HSFO Spread

Jadestone should currently be generating circa $53/bbl of cash flow on the Stag production, $52/bbl on the unhedged Montara Production and $51.5/bbl on the Maari production, inclusive of the IMO 2020 Premium.

Equivalent to over $226 million per annum of cash flow on an annualised basis inclusive of the Q1/2021 oil price hedge and, circa $295 million inclusive of Maari production; based on an average of the current production for the year, which is likely to be conservative considering the in-fill drilling, well optimisation and pump replacement programme scheduled for 2021.

AIMHO/DYOR

[thommie] 23/2/2021 19:51

can someone explaining the block listing rns please?

[kaos3] 23/2/2021 11:40

superb chart

[tens machine] 23/2/2021 11:27

It could be far far worse with no chance of recovery however this is a different beast with prospects of multiples of 95p along with the opportunity of some income along the way...Safest of safe bets here

[fardels bear] 23/2/2021 10:16

And in the long term, we'll all be millionaires, eh, Rodney?

[thedudie] 23/2/2021 09:48

I hope your 95p is taken out soon!

Depends a lot (in the short term) on their plans/outlook to be announced Friday.
In the medium term there are so many moving parts here Nam Du /U Minh / Maari / Lemang / Inorganic growth...etc etc etc

[thommie] 23/2/2021 09:37

my first purchase for 5000 shares at end of 2019 was 95p. so lets see how long it will take till I breakeven on that :) I guess this point isnt too far away anymore.

[bamboo2] 23/2/2021 09:21

Eod close above 77.4 confirms a target price at min 100.6
Historical resistance 94.2

[mount teide] 23/2/2021 09:15

L2: 3 v 4 / 77p v 79p (then 1 x 80p, 1 x 81p, 3 x 82p and 1 x 83p)

[donald pond] 23/2/2021 08:43

https://twitter.com/donaldpond6/status/1364126900831027202?s=21I added earlier

[mount teide] 23/2/2021 08:35

L2: 3 v 2 / 77p v 78p (then 3 x 79p, 1 x 80p, 3 x 82p and 1 x 83p)

Opened 2 v 2 / 74p v 75p