Jadestone Energy Share Discussion Threads

[dcarn] 26/2/2021 11:00

Money moving on to the next fast buck.

I like slide 6 which shows estimated year-end production in the 18k region, obviously dependant on a successful infill and workovers.

[king suarez] 26/2/2021 10:56

Croasdalelfc, thanks :)

[thegreatgeraldo] 26/2/2021 10:55

"Inorganic" crops up 3 times in the RNS....... They're cerainly busy on that front

[croasdalelfc] 26/2/2021 10:53

In the slides - last but one I thjnk

[king suarez] 26/2/2021 10:52

Where was the reference to the Q2 hedge at $61.4? I can't see that in the RNS, sorry?

[thedudie] 26/2/2021 10:47

Yes lots of selling but I guess someone is taking as many as they can get at the moment.

Things not that bad but they are clearly ready to start the push for organic growth now.

Although the guided production figures may be a bit lower (compared to what i was assuming) due to the later completion of Maari of course the cash flow will still continue to benefit during the first half of the year and will be reflected in the increasing size of the cheque JSE eventually get (as long as it does eventually complete)

New 30% Q2 hedge at $61.4 shows a sensible approach to protect cash flow for development.

I would expect them to make good on inorganic growth and like the presentation comment that there is limited competition! Hopefully this will be reflected in low cost of acquisition and quick returns after instilling the Jadestone way.

[lord gnome] 26/2/2021 10:15

Almost total selling this morning. Are things really that bad? What did I miss?

[dcarn] 26/2/2021 09:27

A bit late but i found it on twitter.

[croasdalelfc] 26/2/2021 09:15

Presentation is not up on website - no slides during webcast :(

[fardels bear] 26/2/2021 09:07

No cash. All invested. Oil and gas. I think it might be our turn this time.

[e43] 26/2/2021 08:34

If you read the last trading update again you can get a good idea of current production fr the number of hedged barrels (30%)in 1st quarter.

[buffythebuffoon] 26/2/2021 08:33

Well in that case FB....lend us a fiver. 🤞🏻

You won’t be grunting and sweating under a weary life. 😏

Buffy

[fardels bear] 26/2/2021 08:12

I've already got well into six figures, buffy. I was just being greedy. ;)

[croasdalelfc] 26/2/2021 08:01

I find the guidance figures low . I understand Montara has 20% decline and Stag about 8-10% so that explains some .But h6 target is 3000 bopd. Maari is currently producing 3800 net to JSE according to Horizon .Also original rig contract was for two drills

[croasdalelfc] 26/2/2021 07:43

Poised: on the brink, about to , in a self confident manner

[lord gnome] 26/2/2021 07:35

Positive and confident without hyperbole. Route to growth set out. Dividend growth confirmed. What's not to like? A sound investment.

[spangle93] 26/2/2021 07:34

All looks very measured and achievable

I wonder what current production is?

[lauders] 26/2/2021 07:22

"At the same time, we are working to complete our acquisition of a 69% operated interest in the Maari asset in H1, and for planning purposes, have assumed closing and transfer of operatorship at 30 June 2021. With the combination of our organic production growth plus Maari, we are forecasting a greater than 50% increase in production in H2 versus H1. Other acquisition opportunities remain in focus too, and with our strong starting net cash position of US$82.0 million, we are poised to continue adding value through inorganic growth this year. We have seen a marked increase in both the quality and quantity of potentially suitable inorganic opportunities coming to market which the team is evaluating against our strict acquisition screening criteria.

All looks positive. Hopefully the trend in share price will continue now. Look forward to developments over the years to come.

[buffythebuffoon] 26/2/2021 00:41

FB,

Nothing is stacked against you if think about what sort of returns you are envisaging from owning shares in JSE.

A serious question...when this is sitting at several times today’s price, will it have made sense not to buy for the sake of a penny or two?

Buffy

[tens machine] 25/2/2021 23:58

Overhang.... auto correct

[tens machine] 25/2/2021 23:57

Not sure there is much of a over hand here as I have brought x5 tranches of 10k shares in recent weeks. Each time I had to go to market for them . Certainly not my preference but needs must .The quickest of them being filled in 30 mins and the longest was well over an hour .

[fardels bear] 25/2/2021 20:02

Quite. It is stacked against us, I fear.

[tens machine] 25/2/2021 19:35

Perhaps more ii taking up larger positions before tomorrow's news . Seems extraordinary volume considering how hard it is to get a quote based on a 10k buy.

[thedudie] 25/2/2021 18:46

Apart from the 26million in mid Jan volume was quite flat till last week in Jan. Since then volume (and share price) has looked to be generally growing - so if an overhang a very controlled overhang.
This time I am hoping the buyers know something I don't.

[lord gnome] 25/2/2021 17:55

Looks like an overhang is being/ has been cleared.