Jadestone Energy Share Discussion Threads

[mount teide] 07/6/2021 13:34

With a record level of Australian O&G assets by valuation currently available for acquisition - some maps showing the location of Australia's O&G producing assets and discoveries.

Timor Sea
Montara and the Birds, Crux(Shell) and Cash-Maple(PTTEP) are centre left - with Ichthys(Inpex) and Prelude(Shell) circa 150 km to the South West




Australian - NW Shelf
Stag is just off the top right hand corner, while the Pyrenees, Vincent and Van Gogh heavy sweet oil fields are towards the bottom left corner.




Australia Oil and Gas Overview

[mount teide] 07/6/2021 13:19

FB - mid-price II to II transactions.

[mount teide] 07/6/2021 13:16

At the present $72/bbl Brent price, Jadestone's Stag production should be realising circa $86/bbl inclusive of the current IMO 2020 premium to Brent.

Marine Fuel Oil and Major Oil Benchmark pricing - Change compared to pricing on 9th December 2020 in brackets - (all prices rounded to nearest whole number)

$99 / (+24) - MGO - APAC Average
$88 / (+27) - VLSFO - APAC Average
$86 / (+26) - Jadestone / STAG - est $13.88/bbl
$74 / (+24) - Jadestone / Montara - est $2.5/bbl at next lift
$73 / (+24) - Maari - est $1.5/bbl at next lift
$72 / (+23) - Brent
$69 / (+23) - WTI
$64 / (+18) - HSFO - APAC Average

At the current Brent price, 2021 guidance OPEX and IMO 2020 premiums to Brent, Jadestone should be realising in the region of circa $50/bbl operating cash flow for its Stag, unhedged Montara and Maari production.

AIMHO/DYOR

[fardels bear] 07/6/2021 12:49

3m sales and not a jot of movement.

[mount teide] 07/6/2021 08:29

Euroclear's latest Stock on Loan(short) Report published today:

0.16% - PetroTal / (down from 0.22%)
0.19% - Jadestone Energy / (down from 0.30%)
0.59% - Savannah Energy / (down from 0.64%)
1.79% - Pantheon Resources / (up from 1.31%)
1.86% - Enquest / (down from 2.39%)
3.62% - BP / (down from 4.12%)
3.84% - Shell / (up from 2.56%)
4.79% - Cairn / (down from 5.35%)
8.79% - Touchstone Exp / (up from 8.65%)

[croasdalelfc] 06/6/2021 20:25

The next acquisition has to be the biggie (fingers crossed). As regards our rival in Asia, Hibiscus should now be busy with North Sea FID into Marigold and Sunflower due Q2 and their acquisition of the Repsol assets in Malaysia. Hopefully any more ammo they have is seriously blunted . Repsol assets was $212m and NOrth Sea FID at least $100m . https://www.hibiscuspetroleum.com/wp-content/uploads/2021/06/HPB-Proposed-Acquisition-of-Repsol-Assets-Final.pdf

[zeusfurla] 03/6/2021 23:09

It has been a pattern since I have held JSE that there are high volume mid-point trades which I guess are between willing buyers/sellers. They don't seem to move the share price

[squareloss] 03/6/2021 19:12

Big volume again today, any thoughts on what’s behind this? Is the largest holder selling down? Feels like there should be a change in holdings RNS due from someone.

[ifthecapfits] 03/6/2021 16:17

Savannah could be interesting when suspension lifted. I hold 5 of the above including JSE.

[mount teide] 03/6/2021 15:28

S/P Performance since the H1/2020 Covid low oil price:

265% - Touchstone Exp
185% - Savannah Energy
153% - Enquest
132% - Jadestone Energy
117% - PetroTal
109% - Cairn
55% - Shell
29% - BP

131% - Average Performance

[king suarez] 03/6/2021 15:17

JSE is probably also lagging other oilers in response to the rising oil price because:

1) JSE is a comparatively low cost producer
2) JSE is not encumbered/leveraged with debt (net cash position)
3) JSE receives a premium price to Brent (due to low Sulphur content)

All of these make it a 'safer' investment compared to many, though still with tremendous upside due to the undervaluation and ability of BOD to snap up accretive assets from majors on the cheap (and improve them via cost efficiencies).

Strong growth potential, through infill drilling existing assets, recent acquisitions AND large gas assets to be developed in Vietnam with high fixed price contracts - these were unfortunately put on the back burner temporarily, but will add tremendous value once in production.

[king suarez] 03/6/2021 13:52

This is a very well run business, well worth doing some research on imo :)

[king suarez] 03/6/2021 13:37

rossannan see my post 5548 for my thoughts..

[zeusfurla] 03/6/2021 12:00

MT Agree with your thoughts. I see my investment in JSE as being similar to investments in high grade bonds. It is almost as safe as it gets in this space. JSE remains undervalued by quite a margin. You only hacve to look at trading patterns over recent months. II's and larger buyers are scooping up the trickle of PI sells that have been happening for some weeks now. It only takes a shift in retail sentiment and MM's may well struggle to fill orders. I'm happy to leave this as l ong as it takes - we all know where it is likely to go (90%+ probability in my view of significantly upwards over the next 1-3 years).

[mount teide] 03/6/2021 10:11

Ross....'unless there is something I am missing?......Any idea what it might be here?'

The mindset of a long term buy and hold investor!

Investing like a short term trader saw you miss out on a 15 bagger at Touchstone!

At Jadestone, the management's MO and track record as specialist second phase O&G field operators is without parallel .......its a strategy they successfully employed at Talisman Energy to build two companies from scratch that were subsequently sold for $6bn and $8bn respectively.

The difference this time around is that the Jadestone management has the huge added benefit of the oil major's disposing of high quality assets on a totally unprecedented scale at knockdown prices in a strongly rising oil price environment.

AIMHO/DYOR

Edit: check out SAVE's after hours announcement yesterday - a market cap minnow in exclusive talks to buy the largest O&G company in the world Exxon's assets in West Africa!

[11_percent] 03/6/2021 09:26

Well......that all makes perfect sense.....Brent at over $71.....and people are selling.

[loafingchard] 02/6/2021 16:05

There usually is .

[fardels bear] 02/6/2021 14:59

He'll start banging on about placings in a bit. Just you see if he doesn't. He does it ad nauseam everywhere else.