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JSE Jadestone Energy Plc

23.75
0.00 (0.00%)
28 Mar 2024 - Closed
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 11976 to 11999 of 21225 messages
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DateSubjectAuthorDiscuss
13/1/2023
18:48
Also, nobody should be afraid of reading political opinions that don't just parrot the establishment, BBC 'left is best' viewpoint that the rest of us have to put up with constantly.
bluemango
13/1/2023
18:45
I rather think that his comments were transcending political complexion. If the gov gives in to these strikers we will be back at 1978 inflation levels before you can say dole, which of course only applies to private sector workers.
fardels bear
13/1/2023
18:37
Oh MT, you were doing so well. You've got a form of BB tourettes. Seek help and soon.
winnet
13/1/2023
16:47
No but he has a very good point.
Please see my earlier "how the other half (ffs) live" post on this very thread.

dunderheed
13/1/2023
16:37
Ah I see, if you don't want to be called a lefty by MT you have to cremate your relatives in the garden.
danieldruff2
13/1/2023
16:26
Most of the UK's woke illiberal left public sector that are shamelessly targeting the very people who's taxes pay their wages and future pensions, do not have the faintest idea how much of the world outside their cosseted, private sector taxpayer funded existence, still lives even today.

When I was seconded to work for the Thai Government for two years - most rural dirt poor Thai families got NO benefits and starved if they didn't grow their own food.

They would carry out the cremation of their own family members in their back yards on a makeshift bonfire - and often had to carry what was left of the remains to a second fire when the first failed to sufficiently complete the work.

mount teide
13/1/2023
14:33
Hasn't PB specifically said previously that he wouldn't want to buy assets in Thailand? Not sure why but must be a reason he wasn't interested as the metrics alone obv look attractive
otemple3
13/1/2023
13:47
O/T - Robin Matin who I'd met previously in his role as Jadestone Energy's Investor Relations Manager, left Jadestone after they dropped their Canadian listing, and has subsequently joined Canadian listed Valeura Energy in the same role. As at Jadestone, Robin continues to be very approachable and helpful.

Valeura Energy (VLE:TSX) - up 70% in a month since first mentioned, with serious further upside potential if the recently acquired assets perform remotely in line with expectation, in a deal that gives Paul Blakely's PM acquisition some serious competition as the 'deal of the decade'

Valeura is acquiring offshore oil assets in the Gulf of Thailand, described as: "a transformational action that provides a huge boost to cash flow," by Research Capital analyst Bill Newman in a recent research note.

To reflect the deal, Research Capital has increased its target price on the Canadian oil and gas company to CA$8.25 per share from CA$1.45, a possible 469% return for investors.

' "We expect the assets will generate substantial free cash flow to fund development and appraisal projects to extend the life of the reserves, help to fund the company's other Thailand assets, and provide capital for additional acquisitions," wrote Newman.

Valeura's management team forecasts 2023 pretax annual cash flow of US$360 million (US$360M) from the new assets. Research Capital estimates funds flow forecast next year to be US$206M.

"In our conservative scenario, which includes the max contingent payment and our estimated discounted decommission costs of US$168.4M, the transaction metrics remain compelling at US$9.47 per barrel and $10,774 per flowing barrel," '


The three assets Valeura are acquiring:

* An operated 100% interest in the B5/27 license holding the Jasmine and Ban Yen oilfields

* An operated 90% working interest in the G11/48 license holding the Nong Yao oilfield

* A 70% interest in the G1/48 license holding the Manora oilfield

These concessions have a current combined net oil production of about 21,200 barrels per day.

The oilfields are midlife to mature assets but with additional development opportunities that can significantly extend the life.

For the acquisition, Valeura will pay US$10.4M in cash plus a possible maximum contingent payment of US$50M, dependent on the oil price.

Specifically, this payment is based on average oil prices in 2022, 2023, and 2024 and kicks in when the Dubai benchmark average exceeds US$100 per barrel.

Surprised this great opportunity failed to get on Jadestone's radar.

mount teide
13/1/2023
13:34
What a world we live in - 6hr wait to get an ambulance to attend a heart attack, yet you can get a pizza delivered to your door in half an hour!

Moral of the story? If you have a heart attack, order a pizza for the family and get the delivery boy to give you a lift on the back of his moped to the hospital on the way back!

mount teide
13/1/2023
12:29
Pughman - difficult question to answer, without knowing the full extent of the inspection/remediation work and ocean going tug and dry dock/shipyard availability at short notice.

Additionally, the company would undoubtably take the opportunity that dry docking presented to carry out a wide range of additional work to minimise the potential for future downtime and, to extend the FPSO's current 20 year Classification Society authorisation to carry out in-water surveys in lieu of dry docking.

Other FPSO's that have been towed thousands of miles to SE Asian Yards, like the FPSO used on the offshore Angolan field where Afentra is currently completing the acquisition of a major shareholding, saw the field cease production for 9-10 months. The Australian heavy sweet Van Gogh Field saw production stop for 13 months in 2020/21 to effect the dry docking of the FPSO Ningaloo Vision at Singapore.

Dry dockings are always high risk events for shipowners, as they give the Classification Society surveyors the opportunity to inspect the underwater area of the hull for damage that can not always be spotted via underwater video camera images......such as the light deflection of bottom plating sustained by gently touching bottom while underway in a river, canal or estuary.

One ship I put in for a routine statutory dry docking ended up having a third of its bottom plates replaced for that very reason and two additional months in the shipyard,
at a cost 3 times greater than the cost I'd budgeted for the entire dry-docking!

Such incidents/unwelcome surprises brings with it the opportunity to explore how well your asset is actually 'Insured', or whether its insured at all, as Hull and Machinery Policies only cover the reasonable cost of repairing vessel damage accidentally caused by a peril insured against. My top tier Insurer paid out in full without so much as a quibble, probably because of our extremely low claim record to premiums paid across the fleet over the previous decade.

mount teide
13/1/2023
11:31
I've been writing, and investing accordingly for a number of years, about the very poorly managed focus and execution across the West on ESG, climate-change and the energy transition at the expense/risk of energy security, being almost certain to make this latest commodity cycle unique and a 'super cycle'

Demand for certain commodities, particularly those needed to foster the energy transition, in a global economy growing at 2-3% a year, like O&G and Copper are certain to find very strong support due to structural supply issues coinciding with the annual 3-5% long term increase in energy demand among the 6-7 billion people living in the emerging economies, as these regions transition to urbanisation and electrification and, their car ownership resumes its pre covid 12% decade long average annual growth rate.

Goldman Commodity Guru Jeff Currie's latest thoughts on future Oil and Copper pricing in this super cycle bull market for Oil and Copper

Goldman’s Currie Sees Oil at $110 a Barrel by Q3 on China

mount teide
13/1/2023
10:58
MT, on what timescale does the the dry docking option become the most cost effective one.
pughman
13/1/2023
10:30
Pughman you inferred from the RNS not the other way round matey.
I must admit I inferred the opposite some time ago around September, October I think but feel this will still definitely "come good"?

dunderheed
13/1/2023
10:24
MT you are so much better when you're not spouting right-wing loony nonsense. Tick up!
winnet
13/1/2023
09:59
yasX - if you knew anything about the ship construction and naval architecture, which you clearly don't, you would know if the structural integrity remediation work and, cargo and water ballast tank inspections on the Montara Venture were a major regulatory issue, as with the FPSO on the BHP Billiton Pyrenees Field, the Montara Venture would now be in a Singaporean dry dock/shipyard, as opposed to having the remediation work and tank inspections carried out in-situ at sea.

As mentioned before, and remarked on by the company when they created more accommodation onboard the FPSO for shoreside crews to carry out the inspection and repair work, the sheer size of the ship's cargo and ballast tanks means it would likely take longer than at a dry dock/shipyard, where hundreds of operatives are available, along with purpose built heavy equipment and machinery to carry out such work.

However, the cost to prepare and tow the FPSO thousands of miles to/from the dry dock/shipyard to effect the work, would potentially be multiple/s of the cost of completing the work in-situ, and importantly, would see the field out of production for potentially much longer. A shipowner would only opt for the in-situ option if the issues of a relatively modest nature, as anything greater, as with the Pyrenees FPSO, could ONLY be dealt with in a dry-dock/shipyard.

For perspective, Montara Venture is around three football pitches long with a moulded width of half a football pitch and depth/height of a 10 storey building.

mount teide
13/1/2023
09:56
Clearly you have an option if your not happy with the co lol
tom111
13/1/2023
09:07
Yas making stuff up as usual - tom has clearly been reading the RNS.
nigelpm
13/1/2023
09:05
Your easily pleased. The August RNS inferred it would be sorted by the end of September. The tone continued in the November RNS, where shareholders were also led to believe the Stag infill wells were close to production. Eight weeks later and nothing. I get its part of investing in oil companies, its their communication with shareholders and lack of director share purchases that grates.
pughman
13/1/2023
08:06
What concern? It is less than 2 months since the last RNS which included Xmas and New Year.The RNS stated there were a few minor repairs to complete how many it didnt state but overall it was very positive imo
tom111
12/1/2023
22:23
Nothing will happen unless or until they update the market on the state of affairs - the rest is just irrelevant speculation.


MT has been of the view for some considerable time that the issue is a very modest one and that remedy was imminent - but, thus far, that ha snot proven to be the case and it appears to be taking far longer than most observers of this stock anticipated.

The longer the period of silence, the greater the concern....

yasx
12/1/2023
16:33
oil up six days on the trot,something must give soon very little trading atm
tom111
11/1/2023
22:18
Montara was shut down 12th of August, has been shutdown 5 months now. And the last update from the company was 7 weeks ago.

News soon surely?

the_gold_mine
11/1/2023
13:34
Long as it's not Cato Fong.
fardels bear
11/1/2023
12:08
Comforting to have a highly in-country experienced Japanese Engineering Contractor delivering the Akatara Nat Gas Project
mount teide
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