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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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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