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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.95 | 3.76% | 26.20 | 26.00 | 27.00 | 27.25 | 24.90 | 25.00 | 2,448,381 | 16:35:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 323.28M | -91.27M | -0.1688 | -1.57 | 136.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
17/1/2024 11:05 | 2024 Gross Profit Estimate at $75 Brent and Production Mid-Guidance Revenue $583 million - Opex $270 million - Carbon Tax/Royalties $30 million - Capex $90 million - Admin Costs $35 million - Other Costs $20 million - Finance costs $20 million - CWLH Decommissioning One Time Payment as term of 2nd CWLH acquisition $77 million - Tax $40 million = Profit US 1 million Top range of guidance and $80 Brent will approximately add US$90 million to the bottom line!!! I expect JSE to handily beat the low ball top range of guidance as they did for revised 2023 production guidance!!! Every $1 increase in Brent above $75 adjusting for hedged barrels and fixed price gas will result in additional $4,148,590 revenue / gross profit addition if Brent averages above $75 | ashkv | |
17/1/2024 11:03 | From Monday's RNS and call, Stag is currently producing at circa 2,200boe/d. Barely 12 months since the $60m infills, Stag needs $100 oil+ premium, otherwise it's standing still at best. | pughman | |
17/1/2024 10:42 | From JSE HY 2023 Results -> As required by the RBL facility, at 30 June 2023, the Group had entered into oil price swap contracts for 4.2 mmbbls, representing approximately 78% of the required hedging volumes, at a weighted average price of US$70.29/bbl. The hedging programme was subsequently completed in July 2023, with 5.5 mmbbls hedged over the Q4 2023 to Q3 2025 period at an overall weighted average price of US$70.57/bbl; THE ABOVE TWO YEAR PERIOD HAS 5.5 million barrels hedge at $70.59 per Barrel Or Daily Hedged Production Volume 7,534 at $70.59 Annual loss if Brent at $75 = 7,534 Boe/d * ($75 - $70.59) = $12,127,500 Therefore estimated revenue for Jadestone at $75 assuming premiums still apply adjusting for 7,534 boe/d crude hedged at $70.59 = $595,267,550 Minus $12,127,500 = $583,140,050 $583,140,050 estimated revenue assuming Thailand gas same rate as Akatara, Brent premiums apply and conservative as to Akatara revenue given no inclusion of higher priced LPG and Condensate production!!! | ashkv | |
17/1/2024 10:34 | Jadestone Energy 2024 Revenue Forecast $75 Brent MONTARA (H1 23 Premium to Brent $1.5) 5,500 Boe/d * $76.50 = $153,573,750 STAG (H1 23 Premium to Brent $16) 2,500 Boe/d * $91.50 = $83,493,750 CWLH (Brent? No mention of adj in H1 23 Results) 4,400 Boe/d * $75.00 = $120,450,000 PENMAL (H1 23 Premium to Brent $3.5) 6,500 Boe/d * $78.50 = $186,241,250 SINPHUHORM (Reported as Dividend for JSE Share) 1,500 Boe/d * ??? using same Boe rate as Akatara US31.36 per Boe = $17,169,600 AKATARA (6,000 Boe/d Gas From H2 2024) 3,000 * US$31.36 per Boe (US$5.6/MMBtu) = $34,339,200 (Akatara conservative estimate as all gas no LPG or Condensates) (1 bbl oil = 140*0.04 mmbtu = 5.6 mmbtu natural gas) Total Revenue Forecast at $75 per boe $595,267,550| Adjust for hedged amounts assuming no changes to premiums below!!! | ashkv | |
17/1/2024 09:20 | see someone is at those 50k block buys again | sea7 | |
17/1/2024 09:18 | By the way that's not my personal reflection on senior management who (Excepting the Montara issues) have performed well at times but overall reasonable. Just a reflection of the large (and growing!) gap between fair intrinsic value and market cap. | nigelpm | |
17/1/2024 09:01 | Certainly there's a growing likelihood of Tyrus moving senior management on and taking it private I would think. | nigelpm | |
17/1/2024 08:48 | Unreal share price - fingers crossed for a bid to come. Even 55-60p will do.... JSE Share Price: 27.00p Brent: $77.00 JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 28.57% JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -71.03% Shares Outstanding: 540,693,017 GBPUSD: 1.2650 Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500 Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000 Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800 Production Average for 2022: 11,487 Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 Dec 2023: $157,000,000 Cash (USD) 31 Dec 2023: $152,000,000 Net Debt (USD) 31 Dec 2023 : -$5,000,000 Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000 Market Cap (GBP); £145,987,115 Market Cap (USD): $184,673,700 ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $189,673,700 EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d $8,822 EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $9,484 EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down): $13,744 JSE Decommissioning Expense Liability i.e. Asset Restoration Liability per HY 2023 Results: $574,656,000 EV/Barrel (USD) JSE 2024 23,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $33,232 EV/Barrel (USD) JSE YEAR END 2024 26,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $29,397 2P Reserves (Boe) as of 31 December 2022: 64,800,000 EV/2P: $2.93 Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 16 Jan 2024: 71.50p % Upside to 12 Month Analyst Target Price: 164.81% | ashkv | |
17/1/2024 08:40 | The days of 100p seem a long time ago now... | winnet | |
17/1/2024 08:35 | baby out with the bathwater as usual Nigel | sea7 | |
17/1/2024 08:35 | Dunno I agree with you Nigel, I'm not laughing... | winnet | |
17/1/2024 08:28 | It makes no sense. UK inflation has absolutely no bearing on JSE - funny to watch but stupid. | nigelpm | |
17/1/2024 08:23 | Heading for previous lows. Surreal | banksy | |
16/1/2024 21:49 | Ahh, missed the abandonment payment & didn't fancy criss-crossing reports for g&a, tax durastictions etc. So, carbon taxes were assessed, it seems earnings should be negative to the tune of maybe 20M$, plus taxes.I think they should insure & have a fire or something at stag but hey ho.https://www.jades | t_headder | |
16/1/2024 20:57 | If you include the $77m abandonment payment and $30m carbon taxes mentioned in the guidance then you're down to zero.Take into account the $40m+ G&A not mentioned in the guidance and you're negative.That's what's not to like.. | bradvert | |
16/1/2024 19:45 | Or Livermore come to that.. ?https://twitter.com | bradvert | |
16/1/2024 19:38 | Bit of a rough calc, I got around 500m$ revenue forecast for 2024 using 75$ bwent (50% hedged) plus 6 months of akatara. So assuming 100m$ is left after guidance costs, what's not to like? | t_headder | |
16/1/2024 19:12 | I do wonder what Tyrus are thinking...... -- Possibly the same as me!! | winnet | |
16/1/2024 18:07 | Hopefully that they can find a buyer north of 65p for JSE :) Would make sense for Enquest, Serica, Neptune etc yasX16 Jan '24 - 17:46 - 20683 of 20685 0 3 0 I do wonder what Tyrus are thinking...... | ashkv | |
16/1/2024 18:07 | Thanks all. Bit of an emotional outburst earlier due to market frustrations (not just JSE!). I need to take a proper look at the presentation later. I feel this has to be near capitulation price atm.. | king suarez | |
16/1/2024 17:58 | rimau1 VLE does seem insanely cheap. MT/others any insight as to why VLE is so cheap? Any factors or even more severe mispricing as compared to JSE's plight? So much value in the sector... And to think TLW, highly leveraged with assets in banana republics and tax claims in arbitration has an EV/Barrel including Decom around US$ 50,000 per boe at a share price of 33p. ITH in super high tax UK has an EV/Barrel including Decom of US$60,000 per boe at a share price of 142p... Relative pricing doesn't appear consistent even accounting for variables.... | ashkv | |
16/1/2024 17:58 | Baillie Gifford sold no shares last month, their holding remains at 7.2%. | pughman | |
16/1/2024 17:46 | I do wonder what Tyrus are thinking...... | yasx |
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