Jadestone Energy Share Discussion Threads

[tens machine] 28/9/2021 08:45

That 10k bopd acquisition is inevitable here simply a matter of time for me .The growth here will be swift, probably the best run company on aim IMO

[11_percent] 28/9/2021 08:37

Cash rich and debt free could make the next acquisitions give another sizeable step change in revenue.

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That's what I would like.....a larger type acquisition......up there at 10,000 bpo/day.

[croasdalelfc] 28/9/2021 08:36

At $75 Brent and 20kbopd it's $575mAt $75 Brent and 24kbopd (ie inc Maari) it's $683m

[fardels bear] 28/9/2021 08:34

Yep. That's why it's my biggest holding.

[zengas] 28/9/2021 08:31

If they exit around 20k boepd yr end well and good, but already at current oil prices/production, revenues must have catapulted to a pro rata $500m/yr ??

Maari still to come.

Cash rich and debt free could make the next acquisitions give another sizeable step change in revenue.

[mount teide] 28/9/2021 08:22

Offer moved to 92p

[mount teide] 28/9/2021 08:18

Moved to 1 v 2 / 89p v 90p (rest between 92p and 94p)

[mount teide] 28/9/2021 08:08

Just 2 MM's left under 90p on the offer.

[mount teide] 28/9/2021 08:07

Moved to 1 v 2 / 87p v 88p (rest between 89p and 93p)

[mount teide] 28/9/2021 08:02

L2: opened 1 v 2 / 86p v 87p (rest between 88p and 92p)

[croasdalelfc] 28/9/2021 07:59

It's still possible - but probably mid Nov before it moves

[someuwin] 28/9/2021 07:55

Cheers - so 'early November' looks unlikely.

[croasdalelfc] 28/9/2021 07:53

The rig moved on 18th sept btw

[zeusfurla] 28/9/2021 07:53

I wouldn't be surprised to see some more institutional buying over the next few days like we have seen on recent RNS's. JSE really is a cash machine with excellent management - still considerably undervalued given the growth to come this year in output.

I noticed the other day that Stockopedia had updated for the H1 results which gives JSE some improved stats - still doesn't show the potential coming though over the next few months but may attract a few savvy investors. This is a mid-cap grower, no fly by night small cap.

[croasdalelfc] 28/9/2021 07:52

Scheduled at 31 days and 21 days for Skua 11 and Skua 10 . I would guess that includes some contingency ie a worst case scenario. It can be extended if bad weather hits etc

[tens machine] 28/9/2021 07:49

Nice rns without a doubt

[someuwin] 28/9/2021 07:38

Any idea how long the Skua drilling will take? We're hoping to get the Valaris 107 rig over at ADV for 'early November'?

[mount teide] 28/9/2021 07:36

L2: Should be an interesting start - JBER has shown their hand first and pushed the offer up from last nights 82p close to 85p.

[11_percent] 28/9/2021 07:31

"As a result, our balance sheet continues to strengthen, providing the platform from which to execute on further growth through investment in both the existing portfolio as well as further M&A."

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Bring on the next acquisition.......and lets exit 2021 at over 20,000 boe/d.

[mount teide] 28/9/2021 07:17

Great result - back fully unhedged to $80+ oil too.



Montara H6 well successfully brought onstream

28 September 2021 - Singapore: Jadestone Energy plc (the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce that the Montara H6 development well has been successfully tied into the field facilities and commenced production. The well delivered an initial rate, after clean-up, approaching 10,000 bbls/d and following a period of well performance testing will be stabilised at around 3,000 bbls/d, as per guidance. The Valaris 107 rig has made the short move to the Skua-10 and Skua-11 workover location, and operations on Skua-11 have now commenced.

Paul Blakeley, President and CEO commented:

"The Montara H6 well is an important milestone in our investment strategy for the Montara assets, confirming our view of the Montara reservoir, and providing near term growth. It not only delivers a significant increase in oil production but is also a key step in our plan to deliver circa 20,000 boe/d towards the end of this year. Higher production coincides with continued strength in oil prices, to which we are fully exposed given our unhedged position. As a result, our balance sheet continues to strengthen, providing the platform from which to execute on further growth through investment in both the existing portfolio as well as further M&A."

[croasdalelfc] 28/9/2021 07:02

Not a bad result ;)

[croasdalelfc] 28/9/2021 06:58

Tapis benchmark is $83/b .Montara/PM/ oil sold relative to Tapis Stag gets a $10/b premium 15000bopd getting approx $83/84 a barrel.Opex reducing maybe $22/b#dothemaths

[fardels bear] 27/9/2021 18:16

I'm glad I got that top up in on Friday. All day I sat there waiting for HL to pay me. It arrived at 16:17. It was only 2400 shares but I just knew they'd be on the up today.