Jadestone Energy Share Discussion Threads

[mount teide] 02/9/2021 08:51

L2: opened 1 v 4 / 79p v 80p,

Moved to: 4 v 3 / 79p v 80p (then 1 x 81p, 1 x 83p, 3 x 84p and 2 x 85p)

[dcarn] 02/9/2021 08:25

Edit. From the JSE trading update 4th Dec 2020

Valaris 107 drilling rig contracted for 2021 infill drilling and well workovers in Australia.


Its dated but it doesn't clarify which option they've chosen.



'Jadestone plans to conduct the repairs using either a subsea ROV or with the jackup Valaris 107, which is expected to come on contract in 2Q 2021.'

[dcarn] 02/9/2021 08:19

I've no idea if the 107 is required for the workovers, they may be done by ship rather than rig. We may get a better idea next week.

[thommie] 02/9/2021 08:16

is valaris needed for the workovers of the skua wells or will it take till Oktober/november to finish the infill drilling at montara?

[dcarn] 02/9/2021 08:06

From this morning's Advance Energy RNS.

'The VALARIS JU-107 jack-up drilling rig is currently working in the Timor Sea, on the Montara field 300 km southwest of the Buffalo field, and only a short tow away from the Buffalo field.

Carnarvon is expecting to take possession of the drilling rig upon the completion of the current drilling operations, which is currently planned to occur between mid-October 2021 and mid-November 2021'.

[mount teide] 01/9/2021 20:17

Malaysia's national energy company Petronas is looking to divest further oil assets to bolster its finances to fund increased dividends, and to expand its LNG, fuel retailing and gas distribution businesses.......a move to streamline the company for energy transition.





Asia expected to contribute around 90% of global oil growth over next 5 years!

A New Force Is Emerging In Asian Energy Markets - Oilprice.com

With Asia expected to contribute around 90 percent of the world’s growing oil demand over the next five years, we are seeing more and more regional partnerships being established.

India and Malaysia are the latest of many forging links to ensure the future of energy in Southeast Asia. Malaysia’s state-owned Petronas is planning to partner with Indian Oil Corp. (IOC), to build liquefied natural gas (LNG) terminals and expand fuel retailing and gas distribution, expanding its existing role as an LPG exporter to India.......

[thommie] 01/9/2021 20:14

croas I have the same opinion, but both of us know, that the share price will take a hit anyway when the maari deal fails to complete. at least in the short term :)

[mount teide] 01/9/2021 19:59

Asia crude oil: Key market indicators for Aug 30-Sep 3 - S&P Global Platts

'Trading activity for Australia's heavy sweet crude, including Vincent, Pyrenees and Van Gogh, remain in focus after a Vincent crude cargo was heard done at largely stable premiums.'

Stable premiums would suggest Jadestone's Stag production, which has a IMO 2020 Compliant specification superior to the three crudes mentioned above, remains at/around the $13.88/bbl premium to Brent achieved for the most recent cargo lift/tender.

[lord gnome] 01/9/2021 16:58

Knocking on the door of 80p yet again. Hopefully some sparkling numbers next week will be the catalyst to lift us clear. £1 by Christmas died I hear you say? It certainly should be.

[thedudie] 01/9/2021 16:51

Interesting that the Maari long stop extension hasn't just been a rolling over and rubber stamping of some distant date. It is as if there is something to talk about!

[croasdalelfc] 01/9/2021 16:43

One month at 16500 bopd . Runrate over $425m revenue for a year.

[croasdalelfc] 01/9/2021 16:41

I think Maari is totally discounted in the share price -

[thedudie] 01/9/2021 16:28

Getting closer to what should be pretty good results though.
And oil prices are holding up well and with the additional volumes the second half should be even better!

Or they are about to announce a stunning acquisition .....

[thommie] 01/9/2021 16:10

strange price action. held since months at 75p and now we are waiting for an uncertain extension on maari and the share price goes up?

[mount teide] 01/9/2021 16:07

L2: moved to 1 v 4 / 79p v 80p (rest between 81p and 85p)

[mount teide] 01/9/2021 12:43

L2: opened 1 v 2 / 77p v 78p, now 2 v 2 / 77p v 79p (rest between 80p and 84p)

[croasdalelfc] 01/9/2021 09:24

More divestment tweaks in the region - operatorship in mature assets - IndonesiahTTps://www.energyvoice.com/oilandgas/asia/346772/indonesia-tweaks-upstream-divestment-rules-for-pertamina/

[croasdalelfc] 01/9/2021 09:18

In the meantime the chart is a thing of beauty - if 80p falls then little resistance to an all time high

[croasdalelfc] 01/9/2021 09:16

As I see it:From OMV side : they aren't happy with the proposed legislation- just like their peers in the region. In particular it's the trailing liability for decomm.JSE are 'comfortable with it' and see it as similar to other jurisdictions- from an email conversation I had with Paul Blakeley. The regulator will not pass over operatorship until the govt ministry gives the nod. The govt ministry won't give the nod until legislation in place.The question now is whether industry pressure will delay legislative timetable - and how long that might take. I reckon it's a minimum of 6 months .JSE unlikely to pull the plug as they are getting assets and a fat cheque.

[thommie] 31/8/2021 22:06

Croas, I post your link from the save board here as well, as it might be affecting jse as well who is looking exactly for the mature assets petronas is planning to divest mainly in the asian region.hTTps://www.energyvoice.com/oilandgas/asia/346427/petronas-mulls-oil-divestments-as-government-seeks-bigger-payouts/

[thommie] 31/8/2021 19:23

dudie, you are right, that this could happen. but as omv tends to divest all of their mature oil fields and commited to an extension of the long stop date many times in the past I doubt they will do that. and it will finally mean that if the deal falls through they wont find any other buyer in the future for it and have to keep it till decom... if they decide to do so I dont really see much headroom for compensations to Jse as I guess Jse is interested in many more assets of omv (like their last malaysia aquisition from omv) and wont play the hard game. but ofc maybe omv plays fair and gives jse another good mature asset for an even better price compensating for loosing the cash generating maari which currently accounts for 3500 bopd production plus a check of currently around 60m $ plus x ...another malaysia one which received a 10mio cheque plus highly low opex cash generating assets with upside potential where 2/3 of decom costs are already paid for through a fund wouldnt feel wrong to me :)anyone knows what other mature assets omv is sitting on?

[leopoldalcox] 31/8/2021 15:38

"both Jadestone and OMV New Zealand Limited continue to work towards completion of the transaction, including an extension to the current long stop date of 31 August 2021."I might be wrong, but I read that as meaning they are still working towards an extension to the current long stop

[leopoldalcox] 31/8/2021 15:37

RNS Number : 2369KJadestone Energy PLC31 August 2021Update on Maari Acquisition31 August 2021 - Singapore: Jadestone Energy plc ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, provides an update on the planned completion of the acquisition of the 69% operated interest in the Maari asset, shallow water offshore New Zealand.Further to the Company's announcement on 30 June 2021, both Jadestone and OMV New Zealand Limited continue to work towards completion of the transaction, including an extension to the current long stop date of 31 August 2021. Further updates will be made when appropriate.

[mount teide] 31/8/2021 15:19

L2: opened 1 v 2 / 75p v 76p, then moved to 2 v 2 / 76p v 77p, then to 3 v 3 / 76p v 78p,

now: 1 v 3 / 77p v 78p (rest between 79p and 82p)

[thedudie] 31/8/2021 15:14

Perhaps OMV will decide they can't continue with the deal with such uncertainty hanging over it and with no transparency as to their ongoing obligations with regard to decom. Perhaps they would prefer to operate it (in their interest) but presumably they would have to compensate JSE if they pulled out?