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JSE Jadestone Energy Plc

25.25
0.25 (1.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
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
  0.25 1.00% 25.25 25.00 25.50 25.25 25.25 25.25 906,433 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.50 135.2M
Jadestone Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 25p. Over the last year, Jadestone Energy shares have traded in a share price range of 23.00p to 39.00p.

Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £135.20 million. Jadestone Energy has a price to earnings ratio (PE ratio) of -1.50.

Jadestone Energy Share Discussion Threads

Showing 576 to 599 of 22950 messages
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DateSubjectAuthorDiscuss
12/3/2019
11:18
MT - as you know I have JSE on my watch list and follow the posts here.

What would your median expectations be for capital appreciation?
The reason that I ask is to match it against writing put options in say BP which would yield me say 15% pa. with the same industry risk.
The higher risk profile of a smaller operation would also have to considered.

Just out of interest.

alphorn
12/3/2019
08:09
Long as he doesn't do a Fred Goodwin.
fardels bear
12/3/2019
07:58
Spangle, yes acquisitions seem highly likely assuming they can find the 'right' ones.
They'll soon be throwing off lots of cash and will need to find some use for it :)

Look at what RRE are doing now although my fear there is that Andrew Austin might do an acquisition too far!

homebrewruss
12/3/2019
07:39
Remember at all times that the production guidance has to include the downtime. If you're planning to average 15,000 bopd over the year and you're offline for 1/6 of the time, you need to average 18,000 bopd when you're producing. [75% of production is from Montara]. Another Montara shutdown is due in 4Q according to slide 6.

But it does include an anticipated 1/4 of the year of production at Ogen Komering, which may come earlier or later, or be higher or lower. T


Russ - out of the two of us, it's just you ;-)
But that's based on current assets. It's hard to conceive that further acquisitions won't take place in this period

spangle93
11/3/2019
21:38
Thanks Zengas, nice post. Is it just me or does the 30,000 boepd by 2023 sound a bit conservative?
homebrewruss
11/3/2019
21:15
Page 14 of the presentation says Stag infill well to be spudded March 12th targetting 1200 bopd (underneath headline then says - on or around March 12).

This is going to be a busy period and much more going on that just the Stag well as the 3 Montara light well interventions to commence shortly are estimated to add almost 3 times more oil production that the Stag infill well.

In Q2 the riserless subsea light well intervention programme starts on 3 wells at Montara. (Page 9)

Skua 11, Swift 2 and Swallow 1. This is to give an incremental average of 3,200 bopd June - December.

Finally, the Montara H6 infill well in the final quarter of the year to add over 3,000 bopd going forward into next year.

If our average is to be 13,250 - 15,250 bopd for the year based on Stag/Montara, one would expect around 15,000 bopd to be the ongoing production in the latter part of the year. With a further 3200 bopd expected at year end going into 2020 - there's good chance production could be topping around 18,000 bopd.

If the Ogan Komering production asset is approved by October 1st, this might add a further 1,000 boepd - taking us to circa 19,000 boepd.

Any decent acquisition of a production asset and perhaps 20-25k boepd could be within sight not forgetting further Montara and Stag infill wells to come beyond the end of the year.

zengas
11/3/2019
19:55
Well spotted MT.
someuwin
11/3/2019
19:50
Offshore tow/anchor handling vessel 'CMV Athos' is now in attendance close-by the Ensco 107 drill rig - possibly suggesting the circa 4 hour tow out to the Stag Field could be imminent.
mount teide
11/3/2019
12:56
I would be delighted if someone could get along and report back for us ;o) i am at the other end of the country, as usual.
fozzie
11/3/2019
12:23
Still can't buy many.
someuwin
11/3/2019
10:31
not quite 40mill then :P
meteors
11/3/2019
09:54
if I wasn't heading on a mini travel i'd invest more ;)

coincidentally heading to Vietnam HAHA!!! could pop in and say hello to the ppl they have their currently in Saigon xD

meteors
11/3/2019
09:51
Meteors you may be right, perhaps needs the dividend to get things really moving but chart looks decent and we might see some interest from the LSE presentation.

Plus we could get some further acquisition news at any point.
A good time to accumulate while the price is at these levels imo.

homebrewruss
11/3/2019
09:45
Think we will have to wait till Q3/Q4 for significant change in share price However this sounds very pleasing to the ear!!

“Following our acquisition of the Montara asset, offshore Australia, we have tripled production, all of it high quality premium-priced oil from offshore Australia, and are making good progress on a significant development project in Vietnam, which we expect to sanction this year.

“At the same time, we have changed the character of the company's finances, such that we are well-positioned to deploy significant cash generated from operations to pursuing attractive reinvestment opportunities, while comfortably servicing our debt obligations and further strengthening our balance sheet.”

publication available on sharecast.com

meteors
11/3/2019
09:27
They don't seem in a hurry.
fardels bear
11/3/2019
09:19
It means they'll have to move the price up if buying pressure persists.
someuwin
11/3/2019
08:46
just tried, odd. How come ? Hedge Funds buying up 40mills worth? xD
meteors
11/3/2019
08:30
No online buy quote available.
someuwin
10/3/2019
14:19
ZENGAS - ref Crux - the key phrase is "minimal processing and utility systems"

I can't say a lot more here, but my personal view is that it has limited relevance to Montara in the foreseeable future

spangle93
10/3/2019
11:40
Ensco 107 not moved yet
croasdalelfc
10/3/2019
11:18
Mount Teide - thanks for your thoughtful , insightful posts - this is one of the better BBS on Advfn
croasdalelfc
10/3/2019
11:15
Montara Field:

Were Brent to average $65(below current consensus forecasts) during 2019 this should see JSE generate an average of circa $70.5/bbl for its forecast Montara production after taking into consideration the current regional price premium to Brent and 5,500 bopd of oil price hedging at an average 2019 price of circa $72/bbl($73.49/Q1 2019)

At an 84% field uptime target and forecast operating expenses of $20/bbl, this equates to Montara field annual production and cash flow estimates of:

@ 11,000 bopd - 3.37 million bbls / $170.3m c/f

@ 12,000 bopd - 3.68 million bbls / $185.7m c/f

@ 13,000 bopd - 3.98 million bbls / $201.0m c/f

At the current level of production (13,181 bopd) the Montara Field is presently producing at circa $20/bbl operating expenses, cash flow of $20.4 million/month.

Some 5 months after completing the acquisition of the Montara field and FPSO for a net cost of $82 million - the net purchase price is now equivalent to circa 4 months of current cash flow.

Not difficult to understand why Paul Blakeley said in a recent interview "Montara is as good an acquisition opportunity as i've seen in 25 years".

When JSE initiated a serious interest in Montara as a potential acquisition target in H2/2017(Brent averaged circa $55), while Montara had $50+/bbl field operating expenses; such was the scale of the extremely poor asset operating performance by the previous owners.

Including the astonishing revelation considering the history of the field, that they'd operated the FPSO out of CLASS for over 8 months due to a failure to carry out a large backlog of essential planned and breakdown maintenance. JSE's small team who joined the FPSO last summer in the run-up to the acquisition completion date, had the work carried out(all at the previous owners expense) and secured the re-instatement of CLASS(a prerequisite to securing and maintaining insurance cover) inside 2 months.

mount teide
10/3/2019
10:33
Not in the very latest March presentation update, but in the February JSE presentation JSE shows the CRUX field approx 25km from Montara (page 8).

The Crux field discovered in 2000 has supposedly some 2 TCF of gas and 70 mmbls condensate reserves.

Shell have submitted a plan to develop it. "The project consists of the platform, five production wells with minimal processing and utility systems, and a 26 inch (660 mm) 165 km export pipeline back to Prelude."

"Shell, along with joint venture partners Seven Group Holdings and Osaka Gas, submitted a proposal to the National Offshore Petroleum Safety and Environmental Management Authority to develop the Crux field earlier this month."



In addition to that news, one of the partners Seven Group Holdings may look to potentially sell or farm down.

Whether or not it is of any bearing to JSE, it comes at a time when JSE have a good relationship with PTTEP and who have recently had success with Orchid on their 100% 3.5 TCF Cash Maple project above Montara of which Montara and some of the other cluster of gas fields could tie in as PTTEP planned to do.

zengas
09/3/2019
18:04
Brent Average Prices US$:

$39.25 - H1/2016
$48.25 - H2/2016
$52.25 - H1/2017
$56.25 - H2/2017
$70.75 - H1/2018
$70.25 - H2/2018
$62.50 - Q1/2019 to date
$65.75 - Current Spot Price

$70.89 - Estimated realised price for Montara's current 13,181 bopd, after taking into consideration the circa $2.5 regional price premium to Brent and 5,500 bbls hedged at $72/bbl


At current production levels the Stag and Montana fields have circa 3 and 6 months FPSO storage capacity respectively - providing a degree of flexibility to ride out short term downside movements in the oil price.

mount teide
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