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JSE Jadestone Energy Plc

27.00
1.75 (6.93%)
Last Updated: 08:22:42
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
  1.75 6.93% 27.00 26.50 27.50 27.25 24.90 25.00 571,607 08:22:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.50 136.56M
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 25.25p. Over the last year, Jadestone Energy shares have traded in a share price range of 23.00p to 39.00p.

Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £136.56 million. Jadestone Energy has a price to earnings ratio (PE ratio) of -1.50.

Jadestone Energy Share Discussion Threads

Showing 20551 to 20573 of 22975 messages
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DateSubjectAuthorDiscuss
01/1/2024
17:56
Looking forward to it starting to look like a finished facility. Shouldn't be too long now. 1-2 updates?


Oil not doing great, see how tomorrow goes.

1ajm
01/1/2024
09:53
November 2023 - Lemang/Akatara Gas Processing Plant Progress Video now up on website
mount teide
30/12/2023
20:09
Agreed Ash,



If a smooth 6-months for H1 2024 with stable oil prices doesn't cause serious share price movement then it's going to be alarming and I'm going to need to consider what i'm missing from the wider market rather than JSE. By that point lack of recovery would be outside of even my expectations, which seem to be lower than many on here. JSE will be 10-months past the end of operational problems at that point.


JSE would be reporting as you say, a $250-300m H1 revenue (without any kind of oil price positive movement and ok hedging downside protection at these prices) on a fairly low OPEX, Akatara online, 20,000bopd average and 25,000bopd current and they should have enough cash to be talking about the path to 30,000bopd.

Does anyone have up to date figures on their current OPEX for the 20,000bopd? I've not kept track of it. I'm assuming comfortably under $35. Akatara bumped up the CAPEX massively at a really bad time, as we all know, but most of the upfront costs for that should be coming to an end soon.

Where do you guys see JSE over the next couple of years? 40,000-50,000bopd? No Debt? Higher production with debt?

IMO/DYOR no-one has a crystal ball.

1ajm
30/12/2023
17:01
Fair enough 1ajm - with production at 20k boed and $80 brent plus accounting for hedging of 50% (15k boe/d production) at $70 plus premium to Brent for unhedged barrels --> I am closer to a revenue figure of USD 300mn (Fingers and toes crossed).

At a share price of 36.5p - JSE's Enterprise Value of USD 248 million is not even half 2024 projected revenue at 20k boe/d if all goes smoothly...and also not accounting for incremental revenue from Akatara.

JSE remains great value at 36.5p - given it was trading at around 35p prior to the recent update re infill drilling success and 20k boe/d production for the few weeks prior to the RNS.

Was hoping for a repeat at JSE of the random jump ups from similar undervalued but less liquid shares such at Petra Diamond, Parkmead etc -that went up 40-50% over the past couple of weeks for no good reason.

Hopefully JSE gives us such positive movements early in the new year :)

ashkv
29/12/2023
19:09
Calm down ash. You bombard anyone who wants to have any sort of discussion that doesn't include the words 'boom to 100p' or 'takeover incoming' with spam copy/paste posts. We all want the same thing here,




Hopefully a trading update some time in Jan/feb with unaudited 2023FY financials and how 2023 ended, update of 2024 so far, Akatara nearing construction completion and ready for testing etc.

JSE selling 1.7m barrels at year end will soften the montara mishaps a bit at least.

Anyone who said my 40p year end forecast was a troll low ball valuation, 36.5p was the correct year end forecast. I aimed a bit high.

H1 2024 6-months of 20,000bopd into akatara opening smoothly is the main target for me ($250m+ revenue). A lot to look forward too. Need to get above the 200MA and then the warrants price Q1 2024 hopefully. All things running smoothly end of H1 and H2 2024 is realistically when JSE could have momentum.

Keeping in mind JSE are still growing and won't be looking to prioritise clearing debt and build a large cash build over making new acquisition.

Please a smooth 6-months, no more NOPSEMA directives. Lose revenue for maintenance holding the cards.

IMO/DYOR

1ajm
28/12/2023
10:50
Hope all had a joyous Christmas and 2024 is shaping up (god wiling to be a year that JSE goes back above 100p!!!)

Akatara completion update
Infill Drilling Update
Further Acquisitions
Montara remediation update

Just a few items to look forward to into 2024 and the biggie - First gas from Akatara in Q2 2024... Current production is imho discounted 60-70% from market value... and hopefully Aktara progress boosts SP!!!

ashkv
28/12/2023
09:36
20,000 boe/d of crude sold a premium to Brent which is produced in OECD low tax jurisdictions with an Enterprise Value (EV = Market Cap + Debt - Cash) of USD 248 million.

Per management value of firm if they were to sell would be at present prior to Akatara restart in the 90-100p range...

BBG Analyst average 12m target price is 75p with a high target of 90p!!!

As of last update -> Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $124,000,000

JSE Share Price: 37.00p
Brent: $79.20
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 76.19%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -60.30%
Shares Outstanding: 540,693,017
GBPUSD: 1.2800
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); £200,056,416
Market Cap (USD): $256,072,213
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $248,290,213
EV/Barrel(USD) Revised Upward per 4 Dec 23 RNS Mid-Guidance for Q2-Q4 2023 Average Production: $16,833
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $18,392
EV/Barrel(USD) -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): $12,415
EV/Barrel(USD) 2022 Actual Average Production: $21,615
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $10,345
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $41,147
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.83
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: 103.38%

ashkv
22/12/2023
20:07
found this on the half year results 2023, with a $59m 6 month loss;


'We therefore acted decisively to maintain a robust balance sheet by finalising the RBL in May and by raising an additional gross $53 million of new equity in June. As a result of these actions, we ended the first half in a strong liquidity position.'


Were they worried the RBL wouldn't be enough. Glad that's over with anyway.

Most of that $59m was spent in akatara development right? They were still producing 8-10k bopd.

1ajm
22/12/2023
18:26
The equity raise was a condition of the RBL? (to not breach convenants)
king suarez
22/12/2023
14:11
Q2/Q3.....equity fundraise $52m. (+$35m Tyrus capital backed funds which I'm assuming they didn't need in the end?)

Q4.....1.7mmboe sales $140m+ revenue, (Since the beginning of Q4 2023, the Company has lifted approximately 1.4 mmboe generating significant revenues. A further 370,000 boe are expected to be lifted in December, with proceeds expected to be received before year-end.)

How do you guys look at this?

With the $200m (limited to a lower value based on akatara progress?) RBL completed a couple of weeks earlier. (end of may and equity fundraise june/july)

Obviously Q4 has been a big win, which they didn't know at the time but why did they need the equity fundraise?

1ajm
22/12/2023
10:06
ENQ offers incredible value still imo
donald pond
22/12/2023
09:57
Whilst there's no direct read through to JSE.

Consolidation in the sector will buoy everything. I'd not be surprised to see HBR as a larger entity swallow up the likes of SQZ and ENQ.

nigelpm
22/12/2023
08:51
Cracking deal at HBR (a stock I hold) - remains cheap.
yasx
22/12/2023
08:29
Hoping this is a new year tip ?
s34icknote
21/12/2023
17:59
38-40p year end?
1ajm
21/12/2023
15:52
yep - that is some deal
sea7
21/12/2023
15:36
That hbr deal is an astonishing one. Never seen anything like it.
nigelpm
21/12/2023
15:33
Hbr deal may ignite the sector ?
s34icknote
21/12/2023
10:05
looks like decent progress!
winnet
21/12/2023
08:58
good footage - getting ever closer to completion
sea7
21/12/2023
08:28
Impressive transformation.
sleveen
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.
nigelpm
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