Jadestone Energy Share Discussion Threads

[fardels bear] 23/10/2023 12:55

Yes, MT. Really good to see you. I hope the treatment is proving effective.

[lcwanderer] 23/10/2023 12:42

Great to see you back MT

[birotop] 23/10/2023 12:07

MT.. nice to have you back, hope you are feeling better..🤓
29299;

[multibagger] 23/10/2023 11:22

Welcome back MT :)

Wishing you strength and resilience in your recovery - be mentally prepared for some "down days" from time to time, it is inevitable but take comfort that "good" days will come as well.

[ashkv] 23/10/2023 11:04

Welcome back MT :)

[pughman] 23/10/2023 10:11

MT, welcome back. I believe they paid $90,000 per day for the April-July charter, and the plan is for a storage tanker to be in use until the summer of 24, so a significant saving.

[mount teide] 23/10/2023 10:05

The charter rate for medium range tankers has dropped from circa $45,000 a day to $10-15,000/day on most global shipping routes since the summer.

So, the current cost to Jadestone to charter a medium range class tanker (around 50,000t deadweight / 300,000 bbl capacity), should have fallen to a small fraction of the very high rate they paid for the LR2 Class tanker (circa 700,000 to 1,000,000 bbl capacity) they initially had on a three month charter from early summer.

[croasdalelfc] 23/10/2023 08:27

The Silver Sawsan has 10% extra deadweight capacity but both it and it's predecessor are low capacity circa 300k barrels .The Grand Ace1 is now on its way to Singapore. The handover was at $90+ Brent and then add $3/4 premiums- so circa $95.Hedging program applies though

[danieldruff2] 19/10/2023 16:37

Preparing for a Halloween party - slick or treat.

[sea7] 19/10/2023 15:28

looks busy around montara fpso...

grace ace tanker - anchored
bhagwan houtman tug- underway montara
pacific rapier -supply/tug vessel - underway montara
silver sawsan - chemical/oil tanker - underway montara - arriving today

[pughman] 19/10/2023 09:18

The news flow here warrants a weekly RNS. Blakeley said on Sep 19, oil tanker 5c and ballast tank 4s would be operational within 4 weeks. That would increase the capacity of the FPSO from 120,000 to 300,000. The second PM infill must be flowing by now. To rebuild the shattered confidence in JSE, regular updates are what the market needs.

[ashkv] 18/10/2023 17:17

I asked this question at the most recent Webinar / JSE's CEO addressed the same and stated that Cedric no longer affiliated with Tyrus other than residual earnings from a certain fund of Tyrus from his employment term...

I have also been led to believe that Cedric will be replaced shortly with another independent director.

[thedudie] 18/10/2023 11:23

From the Jadestone Website - It looks like Cedric is no longer a Tyrus rep.

Cedric has extensive experience in advising on M&A, financing and structuring investments gained from his 20-year career in investment banking and hedge fund industries. Cedric is currently co-founder and managing partner of Amavia Capital, a private investment firm and the President of Tall Mount SAS. He was previously a senior member of the investment team at Tyrus Capital S.A.M. where he had significant investment experience in the oil and gas and mining industries, among others.

[sea7] 18/10/2023 10:12

Tyrus already put cedric fontenit in place for this ages ago - guess they have two NED now

from 2020 agm..

Pursuant to a relationship agreement (the “Relationship Agreement”) dated August 3, 2018 between Tyrus Capital S.A.M., Tyrus Capital Event Master Fund Limited (together, “Tyrus”), Stifel Nicolaus Europe Limited, and the Company, Tyrus has a right to nominate one director so long as the Common Shares held by Tyrus represent 20% or more of the rights attaching to Common Shares to vote at a general meeting. It was recognised, in the Relationship Agreement, that Mr. Cedric Fontenit was Tyrus’ nominee. Mr. Fontenit was employed by Tyrus from February 2012 to August 31, 2018. Mr. Fontenit was appointed as a Non-Executive Director of the Company on June 7, 2016 and continues to serve as a Non-Executive Director of the Company.

[impossible123] 18/10/2023 08:45

With one of their own installed as NED could Tyrus Capital be in the process of nicking JSE on the cheap just as JSE is turning the corner to better times ahead? I understand JSE suffered misfortune and professional misjudgement in the last year, but at present valuation retail investors will be below water.

[sea7] 17/10/2023 19:04

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[impossible123] 17/10/2023 17:38

I believe there are warrants at 30 each. Could someone be exercising these warrants for a small profit each time?

I think the present management team owe shareholders a favour and need to reciprocate with a good set of results next time.

[ashkv] 17/10/2023 16:02

Slipped to update prior - Fyi it appears for Sep 2023 Average Borrowed shares (likely shorted) of JSE per Euroclear data ticked up :(

JSE Stock Borrowed on Average for JAN 2023 2,010,764 447,052,897 0.44%
JSE Stock Borrowed on Average for FEB 2023 3,596,214 443,556,952 0.81%
JSE Stock Borrowed on Average for MAR 2023 4,126,836 443,556,679 0.93%
JSE Stock Borrowed on Average for APR 2023 3,878,548 443,622,211 0.87%
JSE Stock Borrowed on Average for MAY 2023 3,607,434 444,796,841 0.81%
JSE Stock Borrowed on Average for JUN 2023 10,909,102 511,598,337 2.13%
JSE Stock Borrowed on Average for JUL 2023 18,230,455 537,636,048 3.39%
JSE Stock Borrowed on Average for AUG 2023 16,924,643 537,768,270 3.14%
JSE Stock Borrowed on Average for SEP 2023 19,973,875 537,738,747 3.71%

[pughman] 17/10/2023 10:04

As of 30.9.23, Baillie Gifford have reduced their holding to 8.28% from 8.70% on 30.7.23. That's 2 million shares, maybe they're the ones selling these 100,000 blocks on a regular basis.

[nigelpm] 17/10/2023 08:23

Who cares. Company just needs to deliver on its plan and share price will look after itself.

[retsius] 17/10/2023 08:22

Where are all the punters?

8.21 AM and not one share traded....

[winnet] 16/10/2023 08:36

no, he means 5 bucks of each barrel is associated with leasing costs.

[sleveen] 16/10/2023 07:27

Agree, why bother pumping if that was the case?