Jadestone Energy Share Discussion Threads

[someuwin] 25/3/2019 09:02

Had a feeling cyclone Veronica might cause a slight delay. Not a big issue really.

[fardels bear] 25/3/2019 08:51

Good buying opportunity for those with cash.

[spangle93] 25/3/2019 08:48

Blimey, it's a bit of a spooked market at the moment.

A brief weather delay



... and down goes the share price

[mount teide] 23/3/2019 10:39

Croas - 'The predicted uptime of circa 84% influences the whole year average somewhat'


This is a key point - by raising the uptime from 72% to 84% the management expected to achieve an increase in production during 2019 from Montara of circa 1,900 bopd from the circa 7,500 bopd 2018 average figure. ie 9,400 bopd before decline.

However, the first few months of 2019 production from Montara suggests the anticipated circa 10,000 bopd estimated post shut-down stabilised figure could be materially higher - this is also inferred by the 2019 production guidance of 13,500 - 15,500 bopd.

If Stag is currently producing circa 2,750 bopd and the infill well adds let's say 550 bopd in 2019 (H2 production of the expected 1,100 bopd) then Stag could contribute circa 3,050 bopd (3,200 less 150 bopd after say 6% decline) during 2019.

This would suggest the estimated production guidance range for Montara including declines at 84% field uptime is circa 10,450 to 12,450 bopd.

Paul Blakeley is a highly experienced and successful O&G sector professional and outstanding at presenting to an Institutional Investor audience and so has probably pitched the production guidance skewed to achieve a high end of range result or better - the two high performing activist hedge funds who headhunted him and now own a third of the company, not only backed him with their own investment funds but also provided the highly material level of initial loan capital for Jadestone to make acquisitions with cash flow and re-investment potential, such is their confidence in him.

[buffythebuffoon] 23/3/2019 09:53

Hi meteors,

‘...is it not concerning that there have been a huge amount of sells last few days ?’

Yes, if you have the attention span of a gnat, and a similar investment horizon.

Buffy

[croasdalelfc] 23/3/2019 07:13

The predicted uptime of circa 84% influences the whole year average somewhat

[meteors] 23/3/2019 07:04

''Nam Du and U Minh are in block 46/07 and block 51 and again Blakeley knows the area well as they are close to a Talisman-developed project already supplying gas to Vietnam.''

I was not aware of that! A brucey bonus and no coincidence im sure ;)

''A gas sales agreement is required to get this project up and running, but Vietnam is short of power, a Talisman-built pipeline is handily near, while a gas -fired power station onshore is running below capacity.''


Im sure most have read this, however it makes for an entertaining read

www.proactiveinvestors.co.uk/companies/news/216411/jadestone-energy-primed-to-expand-as-asia-pacific-oil-province-matures-216411.html

[mount teide] 22/3/2019 19:00

Meteors - mm's often set up the book to disguise buys as sells and vice versa.


'Near-term production anticipated to stabilise at approximately 10,000 bbls/d, compared to 2018 average production of 7,615 bbls/d ' - 28 Jan 2019

'Average production(Montara + Stag) for Feb 2019 of 15,369 bbls/d' - 6 March 2019

'Average production for 2019 expected between 13,500—15,500 bbls/d - 6 March 2019

"Current average production from Stag - 2,700 bbbls/d' - Paul Blakeley presentation

This might suggest optimisation work carried out at Montara following the re-start may be generating stabilised production at a significantly higher level than the anticipated circa 10,000 bbs/d.

[fuzzle] 22/3/2019 18:03

I bought today 10K at the bid price today (!) so some of those sells are indeed buys.

[croasdalelfc] 22/3/2019 17:00

I'm quite hoping it drops below 45 to be honest . I will buy . It's had a rerate , it's bound to retrace and then at some time ping back to new highs

[fardels bear] 22/3/2019 16:45

Bearing in mind how far under the offer price I managed to buy the other day, I reckon most of the reported sales see in fact buys.

[mount teide] 21/3/2019 14:19

FD - fwiw - according to level 2 share-trade data they and the 250k trade immediately preceding occurred today. The only older trade reported so far today was the 50k trade from the 19th March.

[fardels bear] 21/3/2019 12:00

But are they from today, or sells from a day or two ago?

[someuwin] 21/3/2019 11:37

2.7m shares traded in two deals

[someuwin] 21/3/2019 11:10

Another day, another 14,500 barrels turned into cash.

Meanwhile we await more news.

[someuwin] 20/3/2019 19:02

Jadestone Energy Retweeted

OilPrice.com @OilandEnergy 22 minutes ago

Brent Crude prices could reach $75 a barrel in the third quarter this year as the oil market will likely swing into a deficit, due to OPEC’s production cuts and U.S. sanctions on Iranian and Venezuelan oil, according to Morgan Stanley.

[buffythebuffoon] 20/3/2019 13:15

If I am backing the right men, then they can return more per pound invested than I can.

I don’t mind buybacks, and again, they will be earnings enhancing in the right hands, but I abhor CEOs who do this to trigger option benefits.

Buffy

[fardels bear] 20/3/2019 12:00

Added another 20K. Seems good to me.

[someuwin] 20/3/2019 11:52

Coming soon...

* Stag infill drill

* Montara well interventions x 3

* April 23, 2019 Results to December 31, 2018

* April 30, 2019 Stifel Discovery Conference, New York

* May, 2019 Results to March 31, 2019

[cashandcard] 20/3/2019 11:48

Mount Tiede,

Precisely, even a 3-3.5% yield will attract a new shareholders base and keep them longterm with plenty of cash to fund acquisitions beyond that. Divi would be my preferred route then acquisitions and finally buybacks a distant third.


Cash

[mount teide] 20/3/2019 11:24

Stag Field: The two anchor handling/towage vessels left the Ensco 107 yesterday - suggesting a well spud announcement should be imminent. With an expected 34 day drill time, the results should be out before the end of April.

[fardels bear] 19/3/2019 17:35

Depends whether the share price rise slows down.