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
  6.00 7.5% 86.00 84.00 87.00 86.50 79.30 80.00 1,618,538 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 159.4 -41.9 -9.5 - 400

Jadestone Energy Share Discussion Threads

Showing 11551 to 11574 of 12425 messages
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Could be higher, could be lower. Depends on many things. I think the most important near term driver is a word that starts with W and ends with E. for the thick, the word means next to a lot of trees.
fardels bear
I thought you were expecting 19k boe for 2023 in total? Still the case or am I wrong with that assumption?
The management expectation of the Stag drills was 1000 bopd per well though with conservative management they would come online between 500-800 bopd each. (PB during webcast Sept 2022) Before the infill drills they were concentrating on getting production up to 3000bopd through work overs etcSo after stopping production from donor wells (50 bopd each) and adding midpoint of management expectation from the new wells production should be ~4200bopd.For 2023 two more infills are planned and should these additions would take production over 5k bopd (decline is 8-9%) 5000bopd in 2023 would be 44% higher than when they bought it for $10m 7 years earlier
$225m H1 + $62.1m from underlift early in H2 + $$17.2m from insurance + $100m from Nov and Dec. Revenue 2022 minimum $404m
The question mark is supposed to be a smiley, but the format of this site s...
So about 1/7 market cap in net profit in 2 months ?
Ashv- Surprised JSE didn't mention cash in hand - must be running quite low given the RNS detailing upcoming liftings (also rather shady of JSE not to mention their net % of the liftings as if I didn't know better reading the RNS would have me believing that JSE are 100% beneficiaries of the liftings)...Why would you mention cash in hand when you are negotiating asset acquisitions??They are 100% owners of Stag and Montara and the CWLH liftings was 100% attributed to JSE. Add up the numbers... it's 950k barrels... then add a chunk from the two PM liftings. It's likely liftings are 1.1m barrels @ ~$100/b inc premiums .... Use you brain cells before writing nonsense
So 179 mio paid for 35%, means about 530 mio for 100%, and Jadestone bought the 100 % for slightly more than 12 mio... not a bad deal with gas in strong demand and Indonesia poised for high growth next 30 years
According to recent research by PcW, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th)

The US could be down to third place in the global GDP rankings while the EU27’s current 16% share of world GDP is projected to fall to just 9% by 2050.

$2.4 trillion - GDP of China, SE Asia and India in 2000

$2.3 trillion - GDP of Africa in 2020 - (52 Nations and pop of 1.34 billion)

$2.5 trillion - UK GDP in 2020

$16.0 trillion - EU GDP in 2020

$22.0 trillion - USA GDP in 2020

$33.0 trillion - Est GDP of China, SE Asia and India in 2020

$27.0 trillion - Est GDP of EU 27 in 2050

$29.0 trillion - Est GDP of Africa in 2050

$48.0 trillion - Est GDP of USA in 2050

$60.0 trillion - Est GDP of China in 2050

$120+ trillion - Est GDP of China, SE Asia and India in 2050

Source: The World in 2050: PwC

mount teide
Good luck with the 65p lol.The RNS was not a yearly report for heaven sake what do you want the ins and outs of a cats rse
Earthbreaking Akatara Project Oleh SKK Migas - Jadestone Energy - PT JGC Indonesia


Encouraging political and community support for the Lemang PLC Akatara Project

For Jadestone to pick up a 90% operating interest(recently increased to 100%) in the high quality Lemang PSC for $12m from a distressed seller, after the previous operator did little with it for five years largely because of low oil prices and being cash constrained suggests this is likely to prove another outstanding deal for Jadestone.

Recent history of the Lemang PSC taken from regional O&G industry journals:

Singapore listed Ramba Energy, which is engaged in Indonesian oil prospecting, has announced that a firm backed by private equity major KKr is investing up to $179.6m for a 35% stake in an operating subsidiary - Lemang PSC Singapore. - Deal Street Asia / Oct 2015

Singapore-based Mandala Energy, backed by KKR and formed in March 2015, will be taking a 35 per cent interest in the Lemang Production Sharing Contract (Lemang).

Prior to this deal, Ramba, via its subsidiary PT Hexindo Gemilang Jaya (Hexindo) held a 51 per cent interest, with 49 per cent held by Eastwin Global Investments Limited.

Lemang is Ramba’s largest field by acreage and resource potential. A 2011 estimate by petrochemical consultancy DeGolyer & MacNaughton suggests the Lemang block may have reserves of up to 511 million barrels of oil and 468 billion cubic feet of gas.

Subject to Indonesian government approval, the deal involves a US$26.25-million upfront cash payment from Mandala.

Subsequent payments are to be milestone-based, involving sliding-scale future contingent payments based on certification of oil and gas reserves, partial carry for Ramba’s share of 3 exploration wells and a cash payment upon declaration of the first new exploration discovery.

Under a concurrent agreement, Hexindo will be buying 15 per cent of the Lemang field from Eastwin. Upon completion, the net effect, will see Mandala (35%), Hexindo (31%) and Eastwin Holding (34%) as the shareholders in the field.

Back in August, Ramba announced that it has received approval to start producing at the Akatara Field which is sited within Lemang. The company is gearing up to prospect at another location within Lemang, called Wajik.

According to an official release, the transaction enables Ramba Energy to realise value from its Lemang investment, and the partnership combines its local operating strengths with the technical and financial capabilities of Mandala Energy.

With an approved Plan of Development for the Akatara Field in place, Ramba and Mandala look forward to working together to bring first production online in the near term, appraising the significant upside in the field itself, and pursuing the material exploration potential of the Lemang block.

This project also aligns with Indonesia’s goal of increased national petrochemical production. David Soeryadjaya, CEO of Ramba Energy, noted that Mandala’s decision to select Indonesia as the location of its first transaction underscores ndonesia as a desirable investment destination and represent a partnership with complementary skill sets both can leverage. “Despite the current low-oil-price environment, this partnership validates Ramba’s overall strategy and the positive economic returns we expect from the Lemang block.

We look forward to a long-term partnership which goes beyond just Lemang,” says Soeryadjaya. Barry O’Donnell, CEO of Mandala, notes the deal is part of expanding Mandala’s regional business interest. O’Donnell said, “Combining Ramba’s local relationships and knowledge with Mandala’s technical and operational strengths will provide an ideal platform for securing early production whilst pursuing significant upside potential in the Lemang project.” '

mount teide
Not so the low guidance being the more likely outcome implies that no restart for Montara in 2022!

Surprised JSE didn't mention cash in hand - must be running quite low given the RNS detailing upcoming liftings (also rather shady of JSE not to mention their net % of the liftings as if I didn't know better reading the RNS would have me believing that JSE are 100% beneficiaries of the liftings)...

I will only buy sub 65p - as otherwise risk reward is not adequate... Buy SQZ and HBR - even with windfall taxes they are literally going for free. SQZ nearly 70% cash at current share price...

17 Nov '22 - 11:26 - 11532 of 11541
0 6 0
“While the Company remains unable to advise on a restart date for Montara, based on the tank inspection activity to date it reaffirms an intent to remain

within the lower end of the production guidance range”

A close reading of this sentence surely implies they expect production to resume this side of the year end, as otherwise Montara or tank inspections would not be relevant to final y/e production?

At the same time I understand why they can’t explicitly give a resumption date as its not in their gift, it’s down to DNV then NOPSEMA.

Not mentioned in the Government Autumn Statement - Liam Halligan on GB News has just found buried in the accompanying notes, there is going to be a 23% fuel duty increase in March 2023. Equivalent to 12p a litre INCREASE on a litre of Petrol and Diesel!
mount teide
Stifel were on the BID so they likely picked them up.
mount teide
there were a couple of 100k share sales at 77p towards the end of the day, so it would seem that MM on 77p was soaking those up, as the price held until close
After all next year is just round the corner!Time has gone so quickly this year must be my age.
L2: 2 v 1 / 77p v 78p (rest between 80p and 85p)

Should it drop below 77p - after today's update, suspect i'll be far from alone among those who understand the investment case risk/reward who will be adding to their positions.

mount teide
75% Corporation Tax on UK O&G Industry - extended to March 2028 - Usury!

Never thought I would live to see the day a Conservative Government (okay, in name only!), Nationalised a private sector industry's profits and left shareholders to swallow the losses!

UK Hikes Windfall Taxes On Oil And Gas To 35% - today

'The UK is raising the windfall tax on the profits of oil and gas operators in the North Sea while also expanding the tax to include low-cost electricity generators in the Autumn Statement of the UK’s budget unveiled by the UK Chancellor of the Exchequer, Jeremy Hunt, on Thursday.

The UK has had a windfall tax on oil and gas firms operating in the North Sea since May, when the current Prime Minister Rishi Sunak, then Boris Johnson’s Chancellor of the Exchequer, announced a temporary 25% Energy Profits Levy for oil and gas companies, reflecting their extraordinary profits as oil and gas prices surged.

Commenting on the new budget measures, Sunak said today that “Today’s Autumn Statement delivers the long-term stability this country needs.”

“The Autumn Statement sets out reforms to ensure businesses in the energy sector who are making extraordinary profits contribute more,” the UK government said.

Thus, the UK is raising the Energy Profits Levy by 10 percentage points to 35% from January 1, 2023, and is extending it to the end of March 2028, from December 31, 2025, as originally planned when the levy was 25%.

The government expects the Energy Profits Levy to raise over £40 billion by 2027-28.

The hike in the levy lifts total oil and gas taxation in the UK to a grand total of 75%, Bloomberg’s energy and commodities columnist Javier Blas noted.

The government is also introducing a new temporary 45% Electricity Generator Levy that will be applied to the extraordinary returns being made by electricity generators. The levy will be introduced from January 1, 2023, and is then forecast to raise around £14.2 billion over the forecast period (2022- 2028). The levy will be applied to groups generating electricity from nuclear, renewable, and biomass sources “who are benefitting from a significant increase in the price received for their output without a corresponding increase in the costs of generation.”

Oil and gas firms and power producers have warned the government for weeks that what was then rumored hikes in windfall taxes would undermine investment in the UK energy system.

“Imposing sudden extra taxes will make it even harder for these companies to invest in UK energy production – both the gas and oil we need today, and the wind, hydrogen and other low-carbon energies we need to reach net zero by 2050,” leading industry group Offshore Energies UK said earlier this month.

Linda Cook, CEO at the leading independent oil and gas producer in the North Sea, Harbour Energy, wrote an open letter to the Chancellor earlier this week, saying that “Should the chancellor levy UK oil and gas companies further — a second time in six months — he risks driving investment out of the UK altogether.” '

mount teide
Stag - after the weather and other delays experienced drilling the first infill well on the field, good to hear these two wells were drilled without incident, in a time not too dissimilar to what it took to drill that one infill well three years ago.
mount teide
from 2021 annual report..ops review..

In Q3 2022, the 50H and 51H infill development wells are scheduled to be drilled. These development wells are anticipated to complete and come onstream in Q4 2022, and are expected to add around 1,000 bbls/d to current production levels.


todays rns...

At the Stag field, the two infill wells Stag-50H and 51H have been drilled successfully and initial results from well data are in line with pre-drill expectations.

malcy blog today....

Nothing much new here from Jadestone but as ever a detailed and helpful analysis of the situation at Montara which is clearly going the distance but will make for a good 2023. Elsewhere the numbers are good with high volumes ensuring that the year finishes as well as possible under the circumstances. I’m looking forward to some activity on the M&A front…

"While the Company remains unable to advise on a restart date for Montara, based on the tank inspection activity to date it reaffirms an intent to remainwithin the lower end of the production guidance range"A close reading of this sentence surely implies they expect production to resume this side of the year end, as otherwise Montara or tank inspections would not be relevant to final y/e production?At the same time I understand why they can't explicitly give a resumption date as its not in their gift, it's down to DNV then NOPSEMA.
a good summary MT

that sounds like a sensible move to change to DNV

Would not be surprised if Paul Blakley changes the Classification Society under which the Montara Venture is operated over to DNV following their involvement as Auditor.

It would be a smart move in many respects.....not least by demonstrating to NOPSEMA and the likes of the clueless idiots at Greenpeace, that the safe operation and ongoing maintenance of the FPSO is under the reassuring control of one of the World's leading Classification Societies.

mount teide
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