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 11626 to 11650 of 12425 messages
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These figures are for the SPR dated 18th November.

"US Crude Oil in the Strategic Petroleum Reserve Stocks is at a current level of 390.52M, down from 392.12M last week and down from 606.15M one year ago. This is a change of -0.41% from last week and -35.57% from one year ago.

-35.57% (215.63 million) manipulated oil price or what, how long can this go on for.

Lol! EU knuckleheads(more commonly know as 'ambassadors') have spent months debating where to set their Russian oil price cap........sources are suggesting its going to be set between $65 and $70.......which is around the level Russian crude currently trades at.

So, effectively, the cap is a complete waste of time considering its been set at the discount Russian Urals has been selling at for the last three months!

Ironically, as Bloomberg's Javier Blas reports, "Just days before the US and Europe impose fresh sanctions on Russian energy - supposedly the strongest thus far - Moscow has lifted its oil output to the highest level since its invasion of Ukraine." It seems European buyers are desperate to fund Putin's war before the sanctions hit.

'Russia has already made it clear it will not take this lying down saying multiple times that it would not sell oil to countries with a price cap in place.

"In my opinion, this is utterly absurd. And this is an interference in the market mechanisms of such an important industry as oil," said Deputy PM Alexander Novak, who represented Russia at OPEC+.

"Companies that impose a price cap will not be among the recipients of Russian oil," a Kremlin spokesman said, adding "We simply will not cooperate with them on non-market principles."

Former US Treasury Secretary Steve Mnuchin panned the proposal to cap prices as “not only not feasible, I think it’s the most ridiculous idea I’ve ever heard.”

The chances of a G7 price cap on Russian oil being remotely effective are perhaps best summed up by a recent tweet from a Bloomberg energy and commodities columnist:

“My friends and I have agreed to impose a price cap on our local pub's beer. Mind we actually do not plan to drink any beer there. The pub's owner says he won't sell beer to anyone observing the cap, so other patrons, who drink a lot there, say they aren't joining the cap. Success.”

What is of course the most ironic thing about this oil price cap is the simple fact that once again politicians can only think linearly and one-step ahead. In their efforts to punish Russia and make this scheme as bearish as possible for oil prices, they will inevitably drive the price dramatically higher as Russia pulls its exports from any nations that agree with the price cap (as they have explicitly warned).'....... Zero Hedge

mount teide
And I’m rather bemused that people would hold shares in a company whose management they don’t seem to trust.

Plenty of choice: just move on.

Agreed - doesn't just happen here - seems to be a very common thing among O&G "investors". The Pharos board was farcical at one point - full of people who continually sniped at management and didn't just sell up and move on.

Funny old world at times.

L2: walking it back down to 70p on low volume.
mount teide
What the well researched were aware of 4 years ago!


mount teide
Really should pay more attention to NEDs!

Neuhauser joined the board in 2016, just ahead of the announcement of Stag, no coincidence, presumably....

PS - Info from JSE website.... see "Our history" under the "About us" header

unt Teide23 Nov '22 - 08:47 - 11613 of 11623
0 4 0
sea7 - watch your back - I mentioned it on here for the first time, two weeks or so after news of the appointment of JGC was made public, and was accused by one poster, now on filter, that I was posting old news!

..Yawn... & I produced the link to show that you were indeed posting old news..... anyone with nothing better to do with their time can look back through the posts on here & see for themselves...

pughman - for a little balance.

If the FPSO was in the same condition as NOPSEMA found the FPSO on the BHP run Pyrenees Field you might have an argument. Considering the astonishing condition of that FPSO, how BHP convinced NOPSEMA to allow continued operation of the FPSO until its dry docking next spring is a complete mystery.

That and other actions, give the impression that the Australian Regulator holds smaller operators to a higher level of accountability than largely operators like BHP and Exxon, who we're repeatedly cited by NOPSEMA over many years for failing to adequately maintain 16 production platforms at various offshore fields, before NOPSEMA finally issued them with a demand to appoint an auditor to bring theses structures up to an acceptable operating standard.

Indeed, why did NOPSEMA allow the National Oil Company of Thailand to operate Montara Venture out of Class for 8 months before Jadestone got involved? Why didn't NOPSEMA pick up that the Thai's were operating the Montara platform so dangerously, that Jadestone on completion had to immediately shut it down and instigate a major programme of repair and remedial work. So embarrassed where the Thai NOC, they gave Jadestone $22m as compensation, for work that actually cost circa $2-3m.


mount teide
'So delivered on another promised one. Just to note for the haters against the management on here...'

Would not concern yourself with them. If they carried out some decent research, they would quickly find the management have a peerless track record of acquiring top quality second phase O&G investments with highly material re-investment potential, at extremely compelling prices.

As with cars, it is a fact that older ships are less reliable than new, regardless as to the level of maintenance put into them. However, I can point to many examples of shipping companies who operate ships and FPSO's very successfully well beyond the designed commercial life.........almost without exception they have one thing in common....... Their ships are operated and maintained overseen by one of the World's leading Classification Societies, like DNV, Lloyd's Registrar and the American Bureau of Shipping, which got to industry leading positions by virtue of their highly reliable and demanding interpretation of the International Rules. Some owners like Shell, BP and Exxon will only charter oil tankers, where these companies provide the Classification Services.

So, Paul Blakeley and his team, by opting for DNV as auditor, could not be giving a stronger signal as to their determination to provide complete confidence to NOPSEMA, the shareholders and wider market with respect to the safe, future use of Montara Venture.

mount teide
And I'm rather bemused that people would hold shares in a company whose management they don't seem to trust. Plenty of choice: just move on.
fardels bear
O/T - Shipping Industry Investment - Spotting Market Dislocations - Oil and Product Tanker Shipping Sector

Baltic Clean Tanker Index (BAIT) averaged 1,175 (1,580 inflation unadjusted) during the industry's 'day' in the sun period of the previous market cycle between 2003-2008. With peaks to 1,835 (2,467 inflation adjusted).

2022.......this is the first year since 2008 where BAIT has averaged above was up 8.8% yesterday to 1,649 and is averaging circa 1,200 YTD.

That's a 41% increase since the beginning of month - which suggests the changes the industry asked the Baltic Exchange to make to the route weightings that make up the index, in order to more accurately capture the true performance of the product tanker sector, as the re-routing of increasing volumes of refined oil products from Russian Baltic ports in the run up to a total EU ban on Russian exports, is now being made. Despite a strong relative YTD performance to wider markets, most of the huge increase in ship charter rates seen this year is yet to be reflected in the valuations of the leading companies operating in the sector.

Scorpio (STNG) - Mentioned previously here and on my blog. Fundamentals are as good for their shipping sector as I've seen in 25 years. Scorpio operates the largest fleet in the industry.....most of which has the added benefit of being equipped with exhaust gas scrubbers, are of a modern fuel efficient ECO design, and have an average age of less than 7 years.

Scorpio chart is following a huge 8-10 year cyclical bowl formation ....with a target price back to where the company valuation was when Brent last consistently averaged above $100/bbl ........this suggests a 12 month target price of $100+/share....if the current spot market charter rates of between $45k to $100k/day, dependent on route, are maintained over the next 12 months, which is likely considering the impact the EU ban of Russian oil and distillate exports by sea will have on the shipping industry when its fully implemented over the next few months.

For every product tanker currently employed carrying Russian diesel and distillates to Europe, it will need 5 ships to carry the same volume of cargo annually to Asia, when the EU's total ban on Russian oil exports commences in early Feb 2023.


Shipping's Product Tanker Sector entered one of those once in every 15-20 year cyclical periods of rapidly increasing charter rates earlier this year, which are strengthening further in Q4 in the run up to the EU ban, setting the sector up for a very strong 2023 when the full impact of Russia's forced rerouting of diesel and distillates exports by sea occurs.

CEO's of the sector's leading companies were finding its difficult to believe their good fortune at the prospects for the Industry in 2023 and beyond at last week's Annual Maritime Forum in New York for the Sector.

"There are still several factors that could help boost the product tanker market, some owners and analysts are allegedly nervous to talk up. Nobody wants to believe that the product tanker market has plenty of further room to run. Not even — until Wednesday, anyway — the tanker owners."

Tanker Market Fundamentals - because of the tightness of the market and the unachievable demand on the sector by the forced re-routing of Russian distillates to Asia, shipowners made comments like: "No practical upward limit on product tanker rates"....."rates could triple from here....and the industry would still be unable to handle the huge increase in demand"

During the Capital Link New York Maritime Forum, Scorpio Tankers president Robert Bugbee said "the biggest mistake product carrier owners have made is not being bullish enough."

That was presumably because the Baltic Clean Tanker Index was not capturing the huge increase in the sector's fortunes during H2/2022.....well it certainly looks like the Baltic Exchange has started to remedy that based on the performance of the Index in November.

Built an initial position in Scorpio in May and have added to that since - most recently 2,000 at $52. Have a 12 month, $100/share price target on Scorpio, as the impact that Russia/Ukraine has unleashed on energy security is so serious and widespread, it will likely be with us for years, even in the event a ceasefire were announced tomorrow.


Started a Scorpio thread(STNG) with charts, after some also in Star Bulk (SBLK) PM'd with the request, after reading the SBLK thread, which was set up to post some of my company and wider shipping industry research.

mount teide
They've spent $13,047,889 using an XE of $1.15
So delivered on another promised one. Just to note for the haters against the management on here...The last 2 days have been good in amount for the buybacks. I hope they will be able to buyback much more at that price till montara is restarted.Anyone exactly knows how much firepower of the announced 25m$ is left?
Akatara is a slow burner with real cash generative potential for 7-10 years . Netbacks circa $60m a year for 6 years plateau plus the 4 well intervention campaign in 2023 could fundamentally add to reserves

akatara They are building the local workforce for akatara...dated last week.

ha ha thanks MT -
sea7 - watch your back - I mentioned it on here for the first time, two weeks or so after news of the appointment of JGC was made public, and was accused by one poster, now on filter, that I was posting old news!

Lord knows what he will make of your 'museum piece' post!

mount teide
cannot recall if the name of the contract winner was ever announced in an RNS - I noted the comments in the accounts though about awarding it..

Dated june 2022


Japan’s JGC Holding has announced that its subsidiary, JGC Indonesia, has won an engineering, procurement and construction (EPC) contract from Jadestone Energy (Lemang) for a gas processing facility and a sales pipeline for the onshore Akatara gas field.

According to a statement released by JGC, the EPC services – provided for an undisclosed lump-sum amount – cover new gas, liquefied petroleum gas (LPG) and condensate processing facilities with a capacity of 25mn cubic feet (708,000 cubic metres) per day along with a 17-km pipeline

a nice bolt on at a bargain price
Completion of Acquisition of the 10% Interest in Lemang - acquired at barely a third of the price of the original deal

'We have acquired Hexindo's interest for US$0.26/boe of 2C resource, compared to the original acquisition cost of US$0.70/boe in 2020 - a very attractive bolt-on deal for Jadestone, particularly given the significant commercial and development progress since the initial acquisition was announced. Activity at the Akatara gas development project is progressing well and we remain on track to deliver this key organic growth project for Jadestone in the first half of 2024." '

mount teide
alva - yes, should have made it clear, in addition to the Aussie Royalty.
mount teide
MT - You need to include the 10% Royalties payment to the Western Australian government for the Oil from the NWS
Liftings Schedule

'The Company will lift over one million barrels of crude in November and December 2022, with a lifting of 160,000 barrels recently from Montara, removing all remaining oil onboard the FPSO to help accelerate the inspection process. A lifting of approximately 620,000 barrels, attributable to Jadestone's recently acquired interest in the North West Shelf Oil Project, is expected imminently. Additionally, the next Stag lifting of 190,000 barrels is provisionally timed for early December at a US$21.88/bbl premium to Brent, while a further two liftings from the Peninsular Malaysia assets are also expected prior to year-end 2022.

That's probably between $90-100m of oil sales revenue in the last two months of the year.

CWLH has PRRT credits so we could well have just a 30% tax take on the 620,000 barrels.

Cash as of 30 June 2022 was US$161.6 million, up 37% on end-2021, no debt on balance

Would estimate year end net cash of $115m after paying for the CWLH asset.

mount teide
Yes, over 50% upside back to the pre the Montara shutdown.
mount teide
And nice day for the buyback also
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