Jadestone Energy Share Discussion Threads

[11_percent] 08/9/2021 08:28

For the sweepstake.....I will go for September 2022......we still have 5 stages to go:

Select committee
Second reading
Committee of whole House
Third reading
Then Queenie to give Royal assent

Its going to happen.....just going to take time.

[spangle93] 08/9/2021 08:15

Can we hold a sweepstake to guess the date at which the money DUE to Jadestone from their purchase of Maari will start to exceed the market capital of the company? ;-)

[mount teide] 08/9/2021 07:55

Maari Long Stop date extended to year end.

'Further to the Company's announcement on 31 August 2021, and following discussions with the seller OMV New Zealand Limited ("OMV NZ"), both Jadestone and OMV NZ have agreed to extend the long stop date under the Maari sale and purchase agreement to 31 December 2021.

Both OMV NZ and the Company continue to work to satisfy the remaining outstanding conditions and to complete the transaction. However, and as previously disclosed, there is ongoing uncertainty in the timing of New Zealand Government approval. As a result, further updates on the Maari acquisition will only be made in the event that the transaction completes, or there is a material change in the status of the transaction.'

[thedudie] 06/9/2021 11:52

FB hopefully something will change Thursday. (1st Half results)

[fardels bear] 06/9/2021 11:31

Are they going to bore us silly on 79p for weeks, you reckon?

[mount teide] 05/9/2021 18:32

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

Selected O&G Sector Company Analysis

0.03% - Jadestone Energy / (down from 0.04%)

0.43% - Savannah Energy / (no change)

0.64% - PetroTal / (up from 0.28%)

1.75% - Pantheon Resources / (down from 2.10%)

2.60% - Shell / (up from 1.76%)

3.06% - Enquest / (down from 3.12%)

3.21% - BP / (down from 3.42%)

6.21% - Cairn / (up from 5.30%)

8.45% - Touchstone Exp / (down from 8.49%)

[thedudie] 04/9/2021 20:19

A good summary of the changing business

[croasdalelfc] 04/9/2021 12:00

Since Dec 2019:Production Up from 12.3kbopd to 16.5kbopd2P reserves up 12.5m barrels to 50m barrels2C reserves up 16.8m barrels to 100m barrelsNet cash Up from £30m to ~£75mPays a dividend 2 acquisitions complete and a third progressing.H6 infill well due to complete adding a further 3kbopdWorkovers in Oct to add 2kbopdRecord FCFRecord CashRecord Op. Cash flowMaari acquisition to complete adding a further 4kbopd and $50m cash as it will be backdated to Jan 2019Further acquisition likely in '21

[croasdalelfc] 02/9/2021 12:44

Valaris is to be used for both H6 and workovers . https://info.nopsema.gov.au/environment_plans/544/show_public

[croasdalelfc] 02/9/2021 12:43

It's using the rig https://info.nopsema.gov.au/environment_plans/544/show_public

[zeusfurla] 02/9/2021 10:58

Order book has been strong for months now. When PI's sell it is soaked up. Relatively light buying is pushing the share price upu as Institutions are not selling. I'm not sure it is due to news, just the realisation than JSE is an excellent grower, currently undervalued and under-appreciated by PI's. Still, I'm expecting a positive update given that I added a few over the last week or so. Can't see Maari being dropped given value accrued already but it may take a while.

[mount teide] 02/9/2021 09:55

L2: moved to 3 v 1 / 80p v 83p (then 4 x 84p, 4 x 85p and 1 x 86p)

[thommie] 02/9/2021 09:48

publishing of H1 results on 9.9. I still feel sth. Is going on in the background. maybe another aquisition? leaked production numbers of a completed montara infill well? Mm soaked up enough stock during the last months and want to sell them at a higher price now? the background buyers order got finally filled so they can the share price let go now?

[11_percent] 02/9/2021 09:21

Could not get quote for 1,000 shares...so was buying under that.
Wont even sell me 500 shares now.

[mount teide] 02/9/2021 09:12

L2: moved to 5 v 2 / 79p v 81p (then 1 x 83p, 4 x 84p and 3 x 85p)

[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.