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JSE Jadestone Energy Plc

26.50
1.25 (4.95%)
Last Updated: 09:01:21
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
  1.25 4.95% 26.50 26.00 27.00 27.25 24.90 25.00 860,916 09:01:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.61 136.56M
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 -1.61.

Jadestone Energy Share Discussion Threads

Showing 751 to 771 of 22975 messages
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DateSubjectAuthorDiscuss
25/3/2019
13:00
VST was another of life's oily lessons. Drill in the wrong place, lose licence due to no more money. Licence passes to another entity who find oil by drilling in the the right place. Qara Dagh means black Mountain FFS,I've been promoting JSE, but only in places where sensible people visit..
fardels bear
25/3/2019
12:35
If this thread is a reliable guide, over the last month JSE would seem to have started appearing as a faint echo on the outer edge of more investment radar screens:

184 days for the first 400 posts

34 days for the next 280 posts

The trigger seems to have been the 2019 Guidance Outlook confirming the excellent progress made over the 6 months following the closing of the Montara Acquisition, together with Paul Blakeley's recent City Presentations.

Showing the market during the first few quarters of this year that the "almost too good to be true" improvement in forecast cash flow at $65 oil, not only has the potential to deliver the 2019 Guidance Outlook, in terms of self funding the circa $125m capex programme for this year but comfortably exceeding it - thereby offering the prospect of considerable further valuation upside during 2019.

mount teide
25/3/2019
10:50
Apologies for o/t
Zengas - appreciate you sharing your thoughts on another opportunity.. always welcome.

While having cash greater than market cap is unusual, it's not unique. Cadogan Petroleum has been in this situation for much of the last decade. I keep holding on, but it's one of the best examples of markets managing to be irrational for longer then investors can be solvent!

I'm also a little concerned about the Waterford influence in SEY - basically it's Waterford's company, right? =-and Leo Koot is hardly setting the CERP share price alight.

But if it can use part of its cash pile to make a sound investment acquisition or farm in, there are significant upsides to the current price so I can see why it caught your eye.

spangle93
25/3/2019
10:45
Yes, VST, now that was a sad story. A lot of people might have become extremely wealthy if that one had come in...
tim000
25/3/2019
10:36
Bobobob5 was a major investor in GKP and did very well, selling out near the peak and before the enormous crash.
tim000
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
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