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JSE Jadestone Energy Plc

26.20
0.95 (3.76%)
05 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
  0.95 3.76% 26.20 26.00 27.00 27.25 24.90 25.00 2,448,381 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.57 136.56M
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 25.25p. 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 £136.56 million. Jadestone Energy has a price to earnings ratio (PE ratio) of -1.57.

Jadestone Energy Share Discussion Threads

Showing 651 to 672 of 22975 messages
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DateSubjectAuthorDiscuss
15/3/2019
12:15
MT, Croasdale, someuwin

Ref Montara gas

I'd lay odds that it won't be produced until 2030, so it's not immediate benefit.

1. Shell's Crux field is described as minimum facilities, i.e. to suit the size of the Crux field. So until that comes off plateau, it can't accept third party gas. Given that it's just in FEED according to the articles, it won't be approved until the end of 2019 at the earliest, and more likely mid-2020. Then it has to be designed, built, installed and commissioned. First gas from Crux, maybe 2024-25.

2. The Montara field is a thin (14m) oil rim, underlain by a regional aquifer, and overlain by the gas cap you mentioned. Balancing dynamic equilibrium in a thin oil rim is a real challenge. They currently inject gas above the oil leg to preserve reservoir pressure, and stop aquifer encroachment upwards if the pressure falls. Nonetheless, water cut in existing horizontal wells is over 50%.

If you stop injecting gas, the pressure preventing aquifer rise will not be sufficient to stop the oil wells watering out [also, the oil-gas equilibrium will increasingly turn to gas]

Most oil rim developments therefore have an oil production phase, in which everything is done to preserve the integrity of the oil leg and produce as much liquids as can be commercially managed. Then once this doesn't appear sustainable, the fields switches to gas blowdown, when the injectors are switched over to producers and maybe another well is drilled at the top of the structure.

The oil profile show at least 1,500-2,000 bopd from Montara out until 2030. So I'd reckon for those two reasons that Montara gas will be a late life field entension, and not something that's going to concern us in the short- or medium-term

Again, only conjecture

spangle93
15/3/2019
11:18
So much going on with this company. Hugely exciting
someuwin
15/3/2019
10:41
Jadestone to receive bids
Today 10:20
Russell Searancke
Wellington
14 Mar 2019 23:00 GMT
Jadestone Energy will soon receive competing bids from contractors keen to provide the main production facilities for the Nam Du-U Minh offshore gas and condensate project in Vietnam.
The Singapore-based operator intends to place small wellhead platforms on the Nam Du and U Minh fields, and tie them back to a leased floating production, storage and offloading vessel.
Sources said competing bids are due in late March for the small leased FPSO with storage capacity of up to 350,000 barrels.
Local contractors Vietsovpetro and PetroVietnam Technical Services Corporation are competing for the FPSO contract, as is Singapore-based Omni Offshore Terminals, with floater specialist HBA Offshore assisting Vietsovpetro, said sources.
The FPSO will be provided on a lease basis on a multi-year basis, while operations and maintenance of the FPSO is also required, added sources. It is understood the floater is to be spread moored.

As for the engineering, procurement, construction and installation of the two small wellhead platforms, it is understood just Vietnamese companies are vying for that contract; the platforms will be installed by a jack-up drilling rig.

Other offshore elements include two 12-inch diameter interfield pipelines from the two fields to the FPSO totalling 25.5 kilometres and one 34-kilometre 14-inch diameter pipeline from the FPSO and hot-tapped to the existing PM3-Ca Mau export pipeline, which will have spare capacity.

Jadestone chief executive Paul Blakely said in the company's latest financial results that his company was making "excellent progress toward development sanction of the Nam Du and U Minh gas fields. We are forecasting completion of front-end engineering and design, gas sales agreement negotiations, and major contract tendering, leading to formal final investment decision, all within the year".

Jadestone said financing arrangements are also forecast to be finalised in the third quarter this year.

"Jadestone has built a highly experienced project management organisation at its Ho Chi Minh City office, in preparation for the detailed engineering, design, and construction phase, leading to forecast first gas production from U Minh and Nam Du in 2021," said Jadestone.
The Vietnam government approved the Nam Du-U Minh outline development plan last May.
Jadestone has said previously the two fields contain 496.8 billion cubic feet of gas and 11 million barrels of condensate on a best estimate contingent resource basis.
Jadestone has a 100% interest in the development, but is receptive to having a farm-in partner.
Other important agreements are needed prior to the project being sanctioned by Jadestone including a gas sales agreement with PetroVietnam and a pipeline transportation agreement with PV Gas for the PM3 pipeline.
The operator, formerly known as Mitra Energy, said that recent established domestic wellhead gas prices in Vietnam were between $7 per mi

gersemi
15/3/2019
09:57
Shell's mega LNG Crux Project involves the development of the Crux gas field located in the Browse Basin, approximately 160km offshore north-west Australia.

As recently posted by Zen and covered by the CEO in his City Investor Presentation this week - Shell's Crux field actually sits on Montara's 'doorstep' - Crux is located closer to Montara than our tied back Skua Field.

Montara is located in 80 metres of water and has a 10 metre oil column "under a very large" 25 metre gas cap.

"Shell announced a couple of weeks ago the development of the Crux gas discovery and are looking for gas into their infrastructure - i think this is great for us, it will add value and extend the field life(Montara) beyond the projected life(2035)" Paul Blakely.


The Crux Project


Project location - Activities relating to the development of the Crux field and surrounding reservoirs will be located in an area 30 km around the proposed platform. The project area also includes the 165 km pipeline which will connect Crux to the Prelude FLNG facility.

mount teide
15/3/2019
09:36
You can't have all buys - it's a stock EXCHANGE
walter walcarpets
15/3/2019
09:25
All buys so far today.
someuwin
15/3/2019
09:00
The gas is shown in asset value slide - worth about 10-12p/share
croasdalelfc
15/3/2019
08:58
That's my opinion
croasdalelfc
15/3/2019
08:15
Likely spud over the weekend and RNS first thing Monday?
someuwin
15/3/2019
07:48
Croasdale "will be thinking of an FDP for gas come 2020"

is that "you will be" or "they will be". I don't recall him saying that, though I remember him saying that as yet there is no value for the gas.

spangle93
15/3/2019
07:41
Upside this year is circa 7000 bopd with maybe some of that coming on stream in Q1 2020 - minus potentially some decline - 20,000 bopd must be the end of year runrate target , with Vietnam for 2020
croasdalelfc
15/3/2019
07:39
Watched the lse presentation again - many many parts of it to absorb but really liked the $3B tax assets to be used - JSE will only pay corporation tax until mid 2020s .Untapped gas at Montara could be huge with Shell developing infrastructure in nearby Crux field - will be thinking of an FDP for gas come 2020. This really is a Talisman part two - probably got 100 kbopd as a goal for 2020/21
croasdalelfc
15/3/2019
07:30
Good spot Croas - Ensco 107 is now stationary closeby Stag with Tow/Anchor Handling vessels Siem Amethyst and CMV Athos in attendance assisting with final positioning.
mount teide
15/3/2019
07:26
Yup - It's certainly been moving...
someuwin
15/3/2019
06:58
Sorry wrong link
croasdalelfc
15/3/2019
06:53
Ensco107 on Drill site? https://twitter.com/someuwin/status/1106155410837389312?s=21
croasdalelfc
14/3/2019
14:11
No buy quote available.
someuwin
14/3/2019
12:50
someuwin
14 Mar '19 - 11:22 - 568 of 570
0 1 0
In English...

14 march 2019 - Cantor Fitzgerald reiterates JSE 'Buy' rating with target price increased from 94p to 97p


...pedants corner clearly.....tant pis

thefartingcommie
14/3/2019
12:22
Now there is a rare sight - an intra-day chart turnaround.


Oil Demand/Supply - Medium Term - some thoughts:

What has the last 10 years taught us about the likely growth in future oil demand over the next 10 years in the boom and bust oil industry?

There's little doubt on my part about these 3 assumptions:
A) Demand is growing and will continue to grow in the foreseeable future
B) Demand and the behaviour of OPEC+ will control the price dynamics in the foreseeable future (not the high cost, hugely indebted US shale industry or the political problems ref: Venezuela/Iraq problems)
C) The march of demand is pretty robust and not particularly sensitive to the price unless it spikes dramatically from a high base level as in late 2007.

Brent was $97 a barrel when the global financial crisis hit in Q4/2007, some nine months later it topped out at $147 before briefly collapsing to circa $40 and then recovering back above $100 in 2010.

Between 2008 and 2015 Brent averaged $95 - yet global consumption grew from to 84.3m bopd to 94.9mbopd - an average annual increase of 1.37m bopd.

Since Brent bottomed in H1/2016 at $28.7/bbl it has averaged $58.9 - from 2016 to 2018 oil consumption increased to 99.3mbopd - an annual average increase of 1.47mbopd.

So, even during a period with high historic average oil prices ($95 during 2008-2015) the growth in consumption hardly varied to that when prices are averaging nearly 40% cheaper(2016 to date).

This is largely due to developing Nations accounting for all of the growth and this is where the very high population Asian Nations dominate, with about eight out of every 10 extra barrels consumed globally. India’s oil demand growth is expected to outpace China by 2020. While electric vehicles are an important growing factor for oil demand, the IEA estimates they will displace only very limited amounts of transportation fuel by 2025.

The supply side of the Oil Industry:

Rystad Energy reports that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion barrels of oil equivalent was discovered.

“We haven’t seen anything like this since the 1940s,” says Sonia Mladá Passos, Senior Analyst at Rystad Energy. “The discovered volumes averaged at 550 million barrels of oil equivalent per month. The most worrisome is the fact that the reserve replacement ratio in 2017 reached only 11% (for oil and gas combined) - compared to over 50% in 2012.” According to Rystad’s analysis, 2006 was the last year when reserve replacement ratio reached 100%; largely thanks to the giant onshore gas field Galkynysh in Turkmenistan.

Not only did the total volume of discovered resources decrease – so did the resources per discovered field. An average offshore discovery in 2017 held 100 million barrels of oil equivalent, compared to 150 million boe in 2012. “Low resources per discovered field can influence its commerciality. Under our current base case price scenario, we estimate that over 1 billion boe discovered during 2017 might never be developed”, says Passos.

“While there have been some notable successes this year, we have to face the fact that the low discovered volumes on a global level represent a serious threat to the supply levels down the road,” says Passos. “Global exploration expenditures have decreased year-over-year for three consecutive years now, falling by over 60% from 2014 to 2017. We need to see a turnaround in this trend if a significant supply deficit is to be avoided in the future.”

The dramatic price decline of oil between 2014 and 2016 and the slow recovery that followed resulted in deep cuts in exploration and development throughout the industry.

The International Energy Agency has been waving its arms for some time that this dearth of investment will mean constrained supplies after 2020.

Dr Fatih Birol, the IEA’s Executive Director said “This is no time for complacency. We don’t see a peak in oil demand any time soon. And unless investments globally rebound sharply, a new period of price volatility looms on the horizon.”

Data Sources: IEA, Rystad Energy and Statistics Portal

The Industrial metals mining industry - particularly Copper, has very similar supply/demand challenges to the oil market as a result of an identical collapse in pricing in the 8 years through to 2016, which generated an even greater collapse in development and exploration Capital expenditure. Despite a partial recovery in pricing over the last two years, both the global oil(outside US shale) and copper industries have barely increased capital expenditures much above the decade lows - just as happened in the early years of the last oil and copper market cycle recovery stage of 2000 - 2008. A period during which(2000-2006) copper and oil went up by 498% and 167% respectively while the wider market FTSE was still in correction territory some 20% plus down!

AIMHO/DYOR

mount teide
14/3/2019
10:53
Jadestone Energy JSE Cantor Fitzgerald Buy 47.40 47.40 94.00 97.00 Reiterates
thefartingcommie
14/3/2019
10:20
Bought in here over the last few days. I see this as a solid banker to hold and accumulate over the coming months and years....

Great management, winning strategy that they have years of experience with and a fast growing area of the world in need of their product...

Blakeley comes over very well in the LSE presentation....calm, confident and methodical....

All IMO etc

sja123
14/3/2019
08:44
With acquisitions on the cards, I can't see any share buy backs in the next 2 years minimum. They aren't an explorer except with a small 'e' as they say. They intend to look at the dividend in September as well so there will be competition as to where to best use the cash.
zengas
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