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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.50 | 5.94% | 26.75 | 26.00 | 27.50 | 27.25 | 24.90 | 25.00 | 2,264,247 | 13:13:46 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 323.28M | -91.27M | -0.1688 | -1.58 | 136.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/3/2019 10:04 | Ensco 107 has been contracted to drill the Stag infill well For those that it may interest - the Link below shows the current position of Ensco 107 - the Stag Platform is the anchor symbol on the chart around 16-17 nautical miles to the NW - circa 4hrs tow time. - clicking on the map symbol and then increasing the map range brings the Stag Platform and its FPSO Dampier Spirit into range/view. | mount teide | |
08/3/2019 09:12 | Looks like the JSE story is slowly getting a wider audience. Still nice and quiet but (aside from other catalysts) I think if they announce a divi around September time that would really make people take notice. AAZ (a cash flow rich gold miner) announced their maiden dividend last September and the price shot up. | homebrewruss | |
08/3/2019 08:44 | The 41.52 are my buys | croasdalelfc | |
08/3/2019 08:43 | Stag infill is 12th on presentation | croasdalelfc | |
08/3/2019 08:38 | From yesterday's interview we know that the 'Stag do' (infill drill) spud is still anticipated for this month. | someuwin | |
08/3/2019 08:25 | Me too. But I kept my RRE. It reminds me of that too... Don't want the lot in UKCS. Need to spread it around a bit.. | fardels bear | |
08/3/2019 08:22 | Hi All bought in earlier this week and looking to add more. The story reminds me of RRE : I was lucky to get in that at 1.25 but sold way too early ! Question what do you think the cash position is and also the EV/2P reserves?TIA | croasdalelfc | |
08/3/2019 07:48 | "Run of the mill" - that's the kindest thing anyone has ever said about my contributions to ADVFN. | spangle93 | |
07/3/2019 23:16 | Doesn't it make a lovely change to be in a place where run of the mill posters use the word criterion?Last time I saw that written down it was a Berni Inn in Chester... | fardels bear | |
07/3/2019 23:03 | MT - well, it depends on whether you consider opex/bbl as your main criterion, rather than say annual opex. If you then increase production through CAPEX spend (edit, including workovers of existing wells as he stated in his Vox piece), then opex/bbl will fall, even if opex stays the same Personally, I just believe that gas to SE Asia, where demand is high and costs in general are lower (for reasons you outline) is the low hanging fruit, especially for gas. But if an unmissable opportunity in Australia appears, just as he's considered Stag and (from what he alluded to) especially Montara, then it would be rude not to take it | spangle93 | |
07/3/2019 19:47 | spangle93 - some thoughts; while Jadestone may well be exploring the entire SE Asia/Pacific region for second phase M&A opportunities, i thought Blakeley seemed to infer that currently, offshore Australia is where the most competitively priced assets with the highest re-investment potential were to be found. At Stag and Montara, that they were able to dramatically slash operating expenses while simultaneously increasing field uptime and production and raise safety standards, suggests that while operating offshore Australia may be expensive, a material element of the higher operating expenses of some producing assets is being generated as a result of low productivity/poor management. To reduce so quickly operating expenses at Stag and Montara from $75/bbl and $50/bbl to circa $30 and circa $20 respectively, strongly suggests both had serious management issues that were not being addressed under the former owners. Aussie Rupert Murdoch hated corporate bureaucracy, loathed committees, consultants and strategy. His greatest strengths were decision making and re-engineering businesses – intuiting that a bad decision was better than none at all. When he took over The Sun it was losing £200k a year, within 6 months it was making that a week. Salaries in the oil and mining industries in Australia are extremely high(yet some Aussie mine operators still can't attract staff so have been employing US miners, routinely flown in on chartered jets on month on month off employment terms). Consequently, if Jadestone has been able to halve the head count at Stag and still raise production and operating standards, why change a highly successful acquisition strategy that is bearing such rich fruit? - use oil field owners data rooms to identify more mid/late life Aussie oil fields with re-investment potential that in the current oil price environment are producing poor results largely from being very inefficiently operated with highly expensive staff. | mount teide | |
07/3/2019 18:02 | Maybe with a developing cold? ;-) Just watched the videolink - not sure I got the same view that Australia was his focus. Wish they'd asked him about Ogen Kamerang progress but these interviews are hardly deep or hard hitting | spangle93 | |
07/3/2019 17:49 | Do you play the piano? | fardels bear | |
07/3/2019 16:52 | For comparison Venture 9 bagged between 2004 and 2009. | langland | |
07/3/2019 15:08 | Yeah, and They have quite a bit going on already. Good to hear that they are also fully funded to take on a new asset without the need to raise. Possible they will announce a new asset before the end of the year? I only speculate this swell. Would be fantastic if something came to fruition! ;) | meteors | |
07/3/2019 14:54 | Venture came to AIM in 2002(the early years of the 2000-2008 recovery/boom stage of the last oil market cycle) via a £40m IPO, and quickly established itself as one of the pioneers of North Sea second phase O&G field operations, before being taken out some seven years later via a £1.3bn hostile takeover. The last oil market decline/recession stage (2009-2016) bottomed in H1/2016 suggesting the market cycle timing is prescient for a highly experienced second phase operator to take advantage of the early stage retrenching of the Majors/IOC's from another globally important O&G production region with the World's highest energy consumption - one that has been responsible for the entire 34 million bopd increase in global oil consumption since 1980. | mount teide | |
07/3/2019 13:34 | Reading between the comments made during the interview it would not surprise if JSE is closing in on another Australian shallow water Montara/Stag size oil field acquisition. | mount teide | |
07/3/2019 13:22 | Got a few more this morning. Really like the strategy here. | walter walcarpets | |
07/3/2019 13:20 | JSE reminds me of an early stage Venture Production Ltd, a highly successful North Sea second phase O&G operator that i held that was bought out in 2009 by Centrica in a hostile takeover for circa $2 billion. | mount teide | |
07/3/2019 13:19 | Thanks for that homebrewruss Yes he seems a very joyful character, kind of teddy-like. Important for creating investment opportunities and ultimately the share price :) Such a clever Company strategy. Bullet-proof? xD I wonder how many other companies are doing this. I expect it’s nothing new. Will be adding to my pot as and when funds become available. I think the Vietnam deal will proppel this company so I look forward to this later in the year. Also wise to expand the portfolio into gas. Spreading risk and in a booming industry for SE Asia! | meteors | |
07/3/2019 12:51 | Yes - highly professional. They're building a fantastic company here. Makes me very confident holding a very large chunk of these in my SIPP. I also like the sound of this... "We're in a number of data rooms right now" | someuwin | |
07/3/2019 12:26 | thank HBR - Excellent interview. Paul Blakeley comes across as a hugely impressive character. "Our strategy is all about something we have been pursuing as a team for 20 years in the region as Talisman Energy, that is acquiring assets which are undeveloped but where the exploration risk has been removed. An undeveloped discovery, stranded for whatever reason, a producing asset that has become mature in the hands of its previous owner" The main difference is: 'Unlike the North Sea the capability for managing second phase O&G assets in SE Asia / Pacific Rim region is very thin and therefore the competition for purchasing these assets is very thin' "First part of our MO is to look for assets that have production and cash flow but which have very significant re-investment capabilities - while it is important to buy assets cheap, its the re-investment that is the key" 'Montara offered a whole host of re-investment opportunities like * Reducing operating costs and improving efficiencies * Using infill drilling to improve recovery factors and increase production * Low risk near field exploration which when layered on top of one another becomes material(an understatement if ever i heard one going by the results to date!)' "Montara is one of those rare assets that delivers on all of that potential." "Montara is as good an acquisition opportunity as i've seen in 25 years" | mount teide | |
07/3/2019 11:54 | New CEO interview, not watched it yet myself: | homebrewruss | |
07/3/2019 11:38 | Thanks MT odd that it shows them as sells on the summary page. Happy to hold these for a couple of years as I can see these increase in value over a longer period of time, also holding RRE and SQZ, hoping for a sustained oil price level of circa $60-70, looks like the market fundamentals support this currently with OPEC restricting production. Regards | simplemilltownboy |
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