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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 751 to 772 of 23000 messages
Chat Pages: Latest  32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
25/3/2019
10:26
@ kurdistan..
fardels bear
25/3/2019
10:24
Jadestone only became investable to me after new management, investment and a turnaround, In prior days it was the old Mitra Energy with legacy assets (then new Mitra - then Jadestone/under new management and new assets and substantial backing from Tyrus/Livermore etc).

Sey is now in the same potential category with a m/cap of just £24m.
It's got more cash than its current valuation such is the boredom and being overlooked plus it also has a 34% interest in a fully carried major licence until 1st drill - sometime in 2020.

$46.3m cash with the cash burn of $3m expected to fall 15% ie down to circa $2.5m for 2019 - so cash for investing purposes at $43.8m and equal to 14.8p versus 11p current.

There's nothing in it for it's sole 34% asset interest. If it can acquire the right assets with such a cash pile (£34m) it could easily be a £100m+ company so that's why it is one to definitely watch as it has shed it's baggage that has held it back this past number of years.

zengas
25/3/2019
10:07
PS: If I remember correctly, SEY had a free carry on an exploratory well in Kurdistan, which failed. Everyone and his wife invested in Kurdistan in those days, but making profitable investments was rather harder than finding oil: GKP, GENL, etc.
tim000
25/3/2019
10:03
Bobobob5 was an early investor in Emerald Energy (EEN), which did very well when taken over. Its Chairman was Alastair Beardsall, who went on to be CEO of SEY I believe. I guess bobobob5 followed him there, but with less success.
tim000
25/3/2019
09:55
SEY, not AEY. That's a whole different horror story .
fardels bear
25/3/2019
09:54
AEY, eh?Wasn't old bobobob5 into that in a big way? Him and the family?
fardels bear
25/3/2019
09:37
Likewise I bought a further 5k for the sipp.
tim000
25/3/2019
09:37
At least that explains the delay given the time since the rig arrived. Was beginning to think they may have spudded without issuing an RNS.

Off topic and going to flag Sterling Energy (SEY) up to any investors who may like myself see it as a very undervalued opportunity ie for its significant cash pile which could create a material upside change to its valuation.

Results out this am and appear closer to a near term deal according to the Chairmans comments this am. Share price has suffered out of boredom, lack of activity and a thin market and now below actual cash asset value.

220m shares in issue and at 11p current share price = m/cap of £24.2m versus $44m minimum cash ($46m end Dec 2018) or £32.5m (using ex rate £1/$1.35) = 14.8p share cash value with existing asset not included in this.

"Sterling retains a strong position on the AIM listed oil and gas sector with a strong cash platform of $46.3 million and no debt or other liabilities.
Activity has doubled on opportunity and asset screening and we are gaining deal traction due to the renewed focus and simplicity of the Group as mentioned above. Many smaller companies with viable developments but low cash reserves are looking for merger opportunities, giving them access to cash that is currently not available from capital markets.

The Group's remaining African exploration focused Odewayne block provides fully carried exposure to a frontier basin that has the potential to deliver material hydrocarbon reserves.

Our team is working hard screening a number of opportunities. Expectation is that from these efforts will materialise a value creating deal in the near term.
The outlook for 2019 is exciting."
===============================================
220m shares in issue
Waterford Finance 29.45%
Zion SPC 16.64%
MistyVale 15.66%
Denis O'Brien (Irish Telecoms Billionaire) 7.16%
Banque Heritage 6.78%.
Other retail and institutional 24.31% (which would account for circa 53m shares).

Waterford Finance' Michael Kroupeev is the Chairman - they invested in EEN and created 25+ bag returns.

David Marshal (ex Enquest) CEO
Leo Koot a recent n/e Director

Most recent 2019 presentation.

zengas
25/3/2019
09:27
Great, bought 15000 odd for the sipp. Would love a further drop :)
homebrewruss
25/3/2019
09:21
So storm jib and keep your head down in a small boat. On a rig, careful on the steps..
fardels bear
25/3/2019
09:18
The rig shutdown must have been purely precautionary as the centre of cyclone Veronica never got closer than 500km(300 miles) to the Stag Field - winds peaked yesterday at 95 knots and have since declined to 45 knots (Gale force 8).
mount teide
25/3/2019
09:02
FB - There currently does not seem to be much stock around for those wanting to buy!
mount teide
25/3/2019
09:02
Had a feeling cyclone Veronica might cause a slight delay. Not a big issue really.
someuwin
25/3/2019
08:51
Good buying opportunity for those with cash.
fardels bear
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

spangle93
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.

mount teide
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

buffythebuffoon
23/3/2019
07:13
The predicted uptime of circa 84% influences the whole year average somewhat
croasdalelfc
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

meteors
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.

mount teide
22/3/2019
18:03
I bought today 10K at the bid price today (!) so some of those sells are indeed buys.
fuzzle
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
croasdalelfc
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