Jadestone Energy Share Discussion Threads

[sea7] 28/11/2021 11:02

nope - new variant is being reported by Dr's in South africa as very mild, with patients reporting symptoms such as feeling tired and worn out.

[thommie] 27/11/2021 12:01

We all wish so, but the more I hear the worse it looks. Delta needed 2-3 months to become the dominant variant over the british one, the new one shows signs of having achieved that in south africa against delta in 20days...Lets see what happens. maybe we will get less than 2m bbls a day draw on global oil inventory, or the saudis curtail output again... so anyway OP should not fall much more.

[sea7] 27/11/2021 10:00

my thoughts exactly - next, it will be - false alarm, new variant isn't an issue - markets back up

[fardels bear] 27/11/2021 00:03

Hey! I know how to get the POO down. Let's identify a new COVID scariant and crash the market. Drop the price of oil and make some headroom for the lads to make some profit on the upswing. No need to sabre rattle at OPEC.

[jeanesy] 26/11/2021 16:19

i thought this would have fallen sub 80p today with the main market malaise !

[king_baller] 26/11/2021 16:16

Very strong institutional ownership of Jadestone. Imagine how high this goes when the private investor interest arrives.

[squareloss] 26/11/2021 11:35

JSE holding up pretty well in a battered market today, anyone would think there’s a huge value adding deal about to complete with some cheeky work overs thrown in:-)

[jeanesy] 25/11/2021 19:20

If the share chart continues in a similar pattern then we are due a steady rise from here .. stating the obvious I know

[sea7] 25/11/2021 15:52

thanks 11% and croas

this should be the final obstacle removed to the maari deal clearing then

[11_percent] 25/11/2021 10:48

And again.....for those that like a picture.

[croasdalelfc] 25/11/2021 06:10

3rd Reading of the NZ decomm bill was last night- it should be law by next week clearing the way for the Maari deal to complete - hopefully by end year but might take longer as MPs break for Xmas on 16th and it needs to be signed off by Minister

[sea7] 24/11/2021 20:52

It seems a while since I have heard anything from Jadestone but this looks to be a small piece of housekeeping. Maybe the company will be coming over sometime so then we can catch up in person. The Bucket List is up for its MOT so December will be time for a review, this a favourite so should hang on in there!

[fardels bear] 24/11/2021 17:07

I'll have strawberry preserve with my croissant in the morning

[mount teide] 24/11/2021 16:57

Following the acquisition of the Petronas Malaysia assets and on completion of Maari - Jadestone Energy will have likely received a net consideration of circa $84 million for assets with combined P2 reserves of 22.1 mmbbls currently producing circa 10,000 boepd net to Jadestone.....which have low cost re-investment potential to maintain this level of production for circa 5 years....and which are currently generating operating cash flow close to $250 million a year!

AIMHO/DYOR

[sea7] 24/11/2021 16:22

they estimated that skua 10 and 11 would take 21 and 31 days respectively. They started work on these wells just before the 28th Sept RNS, if I recall and 52 days from the 28th is 19th November

note they said estimated - so in line with MT view on 12 days over run so far

[mount teide] 24/11/2021 13:46

11% - 'Something has gone drastically wrong with these workovers.'

On what are you basing this claim?

Some facts:

During the summer of 2019, the work-over programme carried out to Skua, Swift and Swallow wells, including the perforation of additional sands(Swallow-1), the unlocking of new heel volumes(Skua-11) and to restore gas lift to two high performing wells (Swift-2 and Skua-11), experienced a three week over-run. All the well work-overs were completed successfully.

To date, this latest well work-over programme is currently circa 12 days beyond the time originally allocated for carrying out the work.


AIMHO/DYOR

[spawny100] 24/11/2021 13:13

What does it take to move this share. Zzz zzz.

[11_percent] 24/11/2021 13:12

Something has gone drastically wrong with these workovers.

[mount teide] 24/11/2021 12:27

Oil Price Fundamental Daily Forecast – Releasing Reserves May Not Be Enough to Curb Further Price Increases - FX Empire today

'The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

Under the plan, the United States will release 50 million barrels, the equivalent of about two and a half days of U.S. demand. India, meanwhile, said it would release 5 million barrels, while Britain said it would allow the voluntary release of 1.5 million barrels of oil from privately held reserves.

The headlines make it appear that 50 million barrels of crude oil will suddenly flood the market, thereby driving gasoline prices sharply lower. That’s not the case however.

The release from the U.S. Strategic Petroleum Reserve would be a combination of a loan and a sale to companies, U.S. officials said. The 32 million-barrel loan will take place over the next several months, while the administration would accelerate a sale of 18 million barrels already approved by Congress to raise funds for the budget.

Just an early thought. I think OPEC+ will respond by slightly reducing output in January. The group will blame uncertainty over European demand due to renewed COVID-19 infections for the move. I don’t think OPEC and its allies want to give any credit to the U.S. and its allies for any reductions in output.'

[mount teide] 24/11/2021 10:46

L2: 3 v 1 / 81p v 83p (rest between 84p and 89p)

[mount teide] 24/11/2021 10:12

Great to see the Wall Street smart money has finally woken up to how cheap $80 oil really is compared to its historic pricing after adjustment for inflation, and to other commodities, in relative terms!

Reading the research posted here over the last year or so would have let them step in front of the crowd to front run the market!


JPMorgan: $80 Oil Is 'Remarkably Cheap' - Oilprice.com

'Oil prices are cheap compared to record highs of other assets including stocks and other commodities, JPMorgan Chase says.

Brent Crude was trading at around $81.50 on Tuesday afternoon, and the U.S. benchmark, WTI Crude, was at the $78 a barrel handle, after a group of oil-consuming nations decided to unleash millions of barrels of crude from emergency stockpiles.

Despite the fact that major oil-consuming nations see these prices as too high and hampering the global economic recovery, according to one metric JPMorgan Chase has used to compare asset prices, crude oil is actually very cheap.

“Relative to broad levels of various asset prices and the monetary base, oil looks remarkably cheap,” JPMorgan strategists led by Marko Kolanovic wrote in a note this week carried by Bloomberg.

“One could say that oil-producing countries (often developing countries) have been subsidizing oil-importing countries (often developed countries), given the broad monetary and asset inflation in the developed world over the past 20 years,” according to JPMorgan.

Current oil prices are low compared to historical levels, unlike stocks, bonds, and some other commodities that have recently hit or are close to record highs.

Oil prices at historical levels would mean $115 per barrel oil, JPMorgan says, but notes that this is not a price target or expectation of where oil could go in the short term. It is just one metric to analyze the prices of various assets, the bank’s strategists said.

While oil is below historical levels, stocks are not: they have been trading near record highs in recent days.

For example, after U.S. President Joe Biden nominated Jerome Powell for a second term as Chair of the Federal Reserve, the NASDAQ and the S&P 500 hit record highs on Monday but later tumbled to settle lower.'

[mount teide] 24/11/2021 09:08

Vietnam Nat Gas assets:

The expected 5 year Nam Du and U Minh plateau production of 80 MMscf/d at the current SE Asian LNG spot price of $32 MMBtu would generate the same gross revenue as 51,200 bopd of Brent at $50/bbl - $2.55m/day($931m/yr).

Vietnam Energy Ministry Official:
"Ah Mr Blakeley, so good of you to travel here at short notice.....now where do we append our signature to the 10 year take or pay contract for the supply of Nat Gas from the Nam Du and U Minh fields at $8.50 MMBtu with annual inflation uplift?"