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JSE Jadestone Energy Plc

23.75
0.00 (0.00%)
Last Updated: 00:00:00
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
  0.00 0.00% 23.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 448.41M 8.52M 0.0183 12.98 110.46M
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 23.75p. Over the last year, Jadestone Energy shares have traded in a share price range of 21.50p to 71.00p.

Jadestone Energy currently has 465,081,237 shares in issue. The market capitalisation of Jadestone Energy is £110.46 million. Jadestone Energy has a price to earnings ratio (PE ratio) of 12.98.

Jadestone Energy Share Discussion Threads

Showing 11526 to 11549 of 21225 messages
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DateSubjectAuthorDiscuss
16/11/2022
14:06
moving up again.
sea7
16/11/2022
13:55
Or have picked up news of an RNS being prepared for tomorrow!

Never underestimate MM greed - no one will ever got poor doing so.

mount teide
16/11/2022
13:44
L2: the two MM's at the top of the offer moved from 79p to 82p after 11:30 on minimal published transaction volume.

If a substantial buy is not published later, the MM's are probably trying to generate buying pressure to push the price higher.

mount teide
16/11/2022
13:35
and on very few trades.
fireplace22
16/11/2022
13:34
sea7 - that damage to the structural integrity of Oil Tank 2C has since been traced to a faulty weld carried out by the shipyard during conversion.

The corrosion damage in tank 2C was found to be localised to the faulty weld and not representative of the overall condition of the cargo tanks.

Something which could be confirmed to the trained eye by inspection of tank, deck and shell plating photographs subsequently made available by the company.

mount teide
16/11/2022
13:29
did wonder that fireplace - seems to be moving
sea7
16/11/2022
13:27
sp may be indicative of a positive outcome and news of the FPSO?
fireplace22
16/11/2022
13:22
re the cessation of montara fpso ops earlier this year



Environmental Prohibition Notice
Dated 20 June 2022

The grounds that have satisfied me that an activity may occur at the premises that would involve an immediate and significant threat to the environment are:

 Cargo oil tank 2C (COT 2C) has structural integrity failure and is currently carrying 10,000m3 of petroleum and has a temporary containment device installed in a 35mm hole (approximate) in the tank floor;

 Based on this known failure it is now reasonable to conclude that the structural integrity of the remaining cargo oil tanks is uncertain.

and

Action that may be taken that is considered adequate to remove the threat to the environment is:

1. Prevent further loss of containment of petroleum liquids by ensuring petroleum product does not exit leak point(s) in cargo oil tank 2C; and

2. Implement engineering controls to restore structural integrity of cargo oil tank 2C in a manner that prevents the recurrence of loss of containment to the marine environment; and

3. Assess the fitness for service of any tank capable of holding petroleum and undertake any appropriate remediation works prior to loading into that tank.

Or, by any other means that satisfies NOPSEMA the threat to the environment has been removed.

sea7
16/11/2022
13:02
thanks for the sums moonshot. Good stuff.
winnet
16/11/2022
11:25
In the Moram note they state similar premium as Montara. 3 to $4 to Brent.If they can buy the woodside 50% they should get 100 million net cashflow from tis asset alone
jeff114
16/11/2022
10:13
North West Shelf Acquisition:

Per RNS, dated 28 July 2022, JSE said:

Unit operating costs for the Seller's interest are estimated at US$22-23/bbl
2023 EBITDA will be approximately US$40 million at realised oil price of US$100/bbl
The oil is low-sulphur, low-density and commands a premium to Brent

2023 ESTIMATE

2,100 bopd x 365 days = 766,500 bbls for the year
Revenue = $76.6m (at $100/bbl)
Opex = $17.6m (at $23/bbl)
Revenue - Opex = $59m

If EBITDA is $40m, then that implies other costs, pre EBITDA of $19m

CAPEX = $2m

Cashflow before tax = $38m
Tax at 30% = $12m (no PRRT as JSE has PRRT credits)

Net cashflow for 2023 = $26m [assuming realised price of $100]

Does anyone know the amount of the premium attached to NWS oil over and above Brent pricing? For 2022, I have seen the Stag premium between $12 and $22 and the Tapis premium between $3 and $9, so the premium can make quite a bit of difference to the final realised price.

moonshot3
16/11/2022
08:51
If there is any tax problem with buybacks it would be relatively straightforward to migrate the company to a jurisdiction where there wasn't. I'm surprised that JSE appears to be a UK company tbh.
donald pond
16/11/2022
08:43
in the end of year accounts to december 2020 JSE stated that there were no environmental incidents to report, however, one regulatory enforcement notice, that referred to internal processes was received, that had been resolved.

this would be that regulatory enforcement notice....issued in November 2020 and the link is dated March 2021, as when it was probably uploaded.

page 4 explains the reasons

sea7
16/11/2022
05:17
Thx, was just trying to illustrate my thoughts about it and the concept, but was to quick with giving my example
jeff114
15/11/2022
21:03
Jeff - you have halved the number of shares by buying back 50% of them - presumably your illustrated production per share will double to 20 boe.

Which is even better than you thought then :)

thedudie
15/11/2022
18:15
I was not alluding at the tax regime, just the principle of a buy back with a company that is undervalued and has a strong balance sheet and good future prospects... I look at my investment as e.g. I have a small oil company that delivers me 10 boe a day, if they can buy back 50% of the shares in 3 to 5 years. I have 15 boe if they keep production flat
jeff114
15/11/2022
17:57
Shell and BP are paying 65% in UK corporation tax .........yet most of Apple's UK sales are considered to be through their EU/Dublin tax haven where the corporation tax rate is 12% but, I have heard from an extremely reliable source, Apple are actually getting away with a figure much closer to 2%.

Racket worthy of the Mafia comes to mind - so long as these companies are run by compliant left leaning management they are allowed to get away with legalised theft on an industrial scale.

Get a right of centre management take over like at Twitter and everything changes with threats flying around before they've even got in through the Boardroom door.

mount teide
15/11/2022
17:46
A buyback is the best a company this undervalued can do, look at how Apple decreased it's outstanding shares the last 8 years or so and so increasing the EPS
jeff114
15/11/2022
17:31
If a government spots a company awash with cash and able to afford buy backs then they will sense easy pickings. I hate buybacks as mostly, they do no good at all for the company or its shareholders - not that I have been able to detect, anyways. This could be yet another reason not to buyback.Please don't give Rishi any more silly ideas, though.
lord gnome
15/11/2022
17:30
Can someone explain the merits for a tax on buybacks. Is it just to curry favour with the electorate; an easy target for overspending governments, or is there a more worthy rationale?
jacks13
15/11/2022
16:53
Not currently. Canadian govt has just announced one though: 2% on value of buyback, starting Jan 2024.
bradvert
15/11/2022
16:16
Is there a tax on buybacks?
fardels bear
15/11/2022
15:57
Thanks MT. That makes things easier and makes sense. So multiply by 365.
moonshot3
15/11/2022
15:31
M3 - 'When calculating total bbls for the year do you multiply the guided boepd by 365 days or do you multiply by say 335 days to allow 30 days of downtime?'

The company's production guidance figures will be an average of what they expect to produce per day AFTER adjustment for planned field shutdowns. Any unplanned shutdowns will lower the figure.

So, 11,000 - 13,000 bopd guidance means they expect to produce an average of that every day of the year inclusive of planned shutdowns.

In 2021, JSE averaged around 92% field uptime. The previous owner, a NOC, were averaging circa 70% prior to JSE acquiring the asset.

mount teide
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