Jadestone Energy Share Discussion Threads

[s34icknote] 21/12/2023 15:33

Hbr deal may ignite the sector ?

[winnet] 21/12/2023 10:05

looks like decent progress!

[sea7] 21/12/2023 08:58

good footage - getting ever closer to completion

[sleveen] 21/12/2023 08:28

Impressive transformation.

[nigelpm] 21/12/2023 08:25

Latest Akatara Video - looking very nice -

[nigelpm] 21/12/2023 07:21

That's the kind of RNS designed to stop the likes of BG dumping.

[retsius] 20/12/2023 16:14

Brent at $80pb surely should give the share price a lift :very disappointing.
R.

[pughman] 20/12/2023 10:36

Blakeley was here in London recently meeting institutions. The numbers speak for themselves, since Montara reopened in Sep, the company has produced 2m boe and sold 2.5m boe, with the CWLH lifting, yielding revenue of over $200m. Those talks appear to have been fruitless, with funds continuing to sell. If Jan-June 24 goes as expected and BG is sorted then a recovery in the share price should happen, but I've learned to take nothing for granted here.

[yasx] 20/12/2023 09:36

Surely the Co./Co Broker can entice interest from one or more parties to take on the overhang since things are shaping up nicely and if they managed to get many to buy in the placing at much higher levels it is not overly difficult to absorb the BG stake. I know things are different since the placing, but the issues that plagued the Co post placing have largely been resolved and Ak. is much further advanced than it was at that stage which offsets much of the impact from the aforementioned issue.

[thedudie] 20/12/2023 09:12

Hopefully someone that wants a stake (at these depressed prices) will buy in bigger chunks - and be supplied by BG ultimately exhausting their supply. This depressed state won't last till 2025 if JSE perform to plan.

[thedudie] 20/12/2023 09:04

Also time is a healer I find :)

[nigelpm] 20/12/2023 09:01

FTSE is up 100 pts and inflation tanked - macros moves.

[s34icknote] 20/12/2023 08:54

Hope the seller has gone as more buys coming through !

[ashkv] 19/12/2023 10:03

DYOR

JSE Share Price: 35.00p
Brent: $77.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 66.67%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -62.45%
Shares Outstanding: 540,693,017
GBPUSD: 1.2650
4 Dec 23 RNS Revised Upward Range Q2-Q4 2023 Average Production Mid-Guidance (14,500 - 15,000 boe/d from APR 23 to DEC 23 ): 14,750
Jadestone Production Average from 1 Jan 23 to 4 Dec 23: 13,500
Current Production -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 30 June 23: $111,000,000
Cash (USD) 30 June 2023: $118,782,000
Net Cash (USD) 30 June 2023 : $7,782,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $124,000,000
Market Cap (GBP); £189,242,556
Market Cap (USD): $239,391,833
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $231,609,833
EV/Barrel(USD) Revised Upward per 4 Dec 23 RNS Mid-Guidance for Q2-Q4 2023 Average Production: $15,702
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $17,156
EV/Barrel(USD) -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): $11,580
EV/Barrel(USD) 2022 Actual Average Production: $20,163
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $9,650
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $40,313
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.57
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 18 Dec 23: 75.25p
% Upside to 12 Month Analyst Target Price: 115.00%

[1ajm] 19/12/2023 08:55

An article extract from when JSE bought the PM323 asset along with the other Malaysia assets. Was 6k production when they bought it.

SapuraOMV Upstream (Malaysia) Inc (“SapuraOMV221;), has agreed to sell its entire interests, under SOMV Upstream (PM) Inc. in various producing assets, located offshore Peninsular Malaysia to Jadestone Energy PLC, a Singapore-based, London-listed, an independent oil and gas company. These producing assets are PM323, PM329, PM318 and AAKBNLP Production Sharing Contracts (the “PM Assets”). The agreed purchase price is USD 9 million, subject to closing adjustments. There are also contingent payments of up to USD 6 million dependent on certain oil price criteria being met. The effective date of the transaction is January 1, 2021. SapuraOMV’s average year-to-date net entitlement production of the PM Assets is around 6 thousand barrels oil equivalent per day.

[1ajm] 19/12/2023 08:16

a good day today? the constant 10%+/- fluctuations here every few weeks are like pre covid JSE. some kind of stratergy or just normal?

[1ajm] 18/12/2023 16:50

You have to decide whether you trust a good 6-12 months for rebuild. If they do, they are going to have a company a lot stronger than before the Montara mishaps.

End of the day JSE mainly buy old assets and dropped the ball with maintenance at Montana (i'm blaming the covid period followed by $100+ oil for them being late/greedy), and were punished pretty heavily for it, I don't wanna think where the price would be without that, but which AIM oiler doesn't ever have a share price dropping event.

Not worried about stag, NOPSEMA went and gave it the all clear, it's hardly an office job environment. (if they did bypass protocols that resulted in a small fire I hope JSE take it seriously even if it's something NOPSEMA are not bothered about.)

Investors here who were probably buying in the 80p+ range are feeling anxious for sure. If you're buying in at this price it seems a fairly good opportunity. If they are not paranoid / doing maintenance early at this point then I don't know. Also when Montara was shut in it was a much bigger % of the companies production than it is even now, not taking into account Akatara next year.

Some of JSE peers at this market cap are laughable in comparison.

IMO DYOR. no post on here should ever make the decision for you.

[fireplace22] 18/12/2023 16:16

Unfortunately they wouldn't be allowed internet access from their secure ward.

[pughman] 18/12/2023 16:06

Would the non nervous holder of JSE shares like to introduce themselves.

[paduardo] 18/12/2023 15:52

Jacks - that is a good question. I see potential for this to be a serious multi bagger if there are no more operational issues however it is an uncomfortable hold given their performance over the last year. I will probably reduce the size of my holding but am a little bit reluctant given the potential gain and am interested in what other peoples thoughts are. There are some knowledgeable posters out there.

[jacks13] 18/12/2023 15:19

pad - if you're this nervous about the health of JSE why do you hold?

[s34icknote] 18/12/2023 15:10

Brent heading back up to the eighties ?

[paduardo] 18/12/2023 14:28

NK104 We get the drone flyover video / update by mid month at the latest. They tweet out the update and give their latests view on the (approximate) percentage completion. We havent got that this month. Probably being overly cautions but JSE has had an interesting year and I think it is fair to say have not been great at updating if issues have emerged.

Thanks MT will have a look.

[mount teide] 18/12/2023 14:27

pad - read some of the NOPSEMA prohibition notices and general directions issued to operators of O&G facilities in Australian waters over the last 2-3 years.

Gives a good overview's of how reasonable they are - and they're a regulatory authority considered to be one of the more demanding!