Jadestone Energy Share Discussion Threads

[yasx] 25/1/2024 10:38

This is getting silly now. Confidence n Blakeley is shot and the market thinks he can't deliver.

[fardels bear] 25/1/2024 10:21

I feel like a proper lump here.

[nigelpm] 25/1/2024 09:36

Proper lumps getting taken here.

[sea7] 24/1/2024 10:46

Potential host facilities to exploit PM 428’s hydrocarbon riches include platforms on the West and East Belumut fields and the Bunga Kertas floating production, storage and offloading vessel.

Prospective bidders can propose their minimum work commitment and opt for either a four-year single-phase exploration period or a two-phase — three plus two years — term. PM 428 is being offered under Malaysia’s enhanced profitability terms.

[thedudie] 24/1/2024 10:39

Jadestone are already working on / considering replacement options for the Bunga Kertas on PM318. Not sure what the constraints (if any) would be on the Belumut platforms.

Sounds a very good / positive move picking up PM428.

[sea7] 24/1/2024 10:11

The PM 428 block is the largest tract on offer and includes the Cahaya, Permatang, Paluh and Jebat discovered fields. These prospects are expected to contain around 2.15 billion boe.

[ohisay] 24/1/2024 09:42

The seven new PSCs were awarded to PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), E&P Malaysia Venture Sdn. Bhd. (EPMV), Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP), SMJ Energy Sdn. Bhd. (SMJ Energy), INPEX Malaysia E&P (INPEX), PT Pertamina Malaysia Eksplorasi Produksi (Pertamina), Jadestone Energy (PM) Inc., Sarawak Shell Bhd. (Shell), and E&P O&M Services Sdn. Bhd. (EPOMS)


Jadestone Energy and Petronas Carigali for Block PM428

[ashkv] 20/1/2024 16:19

Cheers Tom111

[tom111] 20/1/2024 14:30

"Jadestone assessing more drilling targets offshore Malaysia" you can find the article on"Oil & gas news 24/7" under yesterdays news items plenty of news in there

[toby hall] 19/1/2024 20:50

Yesterday the gap from 31 July 2023 was finally closed and confidence returned today. Some decent buys with a nice large UT, value £59,400 just after the bell.

Also worth noting the RSI is well oversold and the MACD 4 hour on the daily is crossing.

Next week already looks a lot rosier.

[nigelpm] 19/1/2024 18:23

Yeah - lots of changes since - bottomline 27p looks good.

[spangle93] 19/1/2024 17:51

Ref the "when the share price was £1" comparison
I think when the share price was at £1, everyone was expecting plenty of wonga to hit the company's books once the operatorship of Maari was secured. Losing that must be a signficant contributor to the slide

[yasx] 19/1/2024 17:38

Indeed - not for widows and orphans and all that. But I like the risk/reward.

[stemis] 19/1/2024 15:53

It is meaningless comparing the Co. as it stood back then with the current outfit, but not only because of the additional issue of equity - separately, because it is a markedly different business. That Co. was largely reliant on montara. The current business has shifted away from that to other assets.

I don't disagree. However back then the market had a positive view of Montara whereas now I'd say it has a 'less' positive view. Whether that will change and whether the other assets will compensate if it doesn't is what will determine where the share price goes (not the repetive rampings of Ashkv). You pays ya money and takes ya chance...

[ashkv] 19/1/2024 15:51

Not one for technical analysis but interesting analysis from another forum.

"If I had some cash under the sofa, today would be the the perfect day to buy. There was still a little more selling yesterday, but the small body of that candle and the high volume indicated a closer balance between buyers and sellers. Not yet close of day of course, but we do have a potential reversal signal on the charts forming today, not the most potent of the reversal signals ( that would be an bullish engulfing), but still a bullish piercing pattern nonetheless, and very tradable as its occurring in the region of gap support.

The long term trend here is still sideways, the down trend ended with a double bottom pattern in August 2023. Price will often transition from down to sideways, before rising. so a little punt here could be quite profitable in the medium/long term. DYOR, as this share has made a fool of many including myself many times in the past."

[stemis] 19/1/2024 15:48

Hear we go again with the Stemis troll take -> End 2023 published figure of USD 5 million "Net Debt" is "probably understated" :) :) Says it all...

Actually what I was referring to was the comment in the corporate update

The end-2023 net debt position benefitted from timing of liftings and optimisation of working capital into the year-end.

[ashkv] 19/1/2024 15:47

What would you say for the theoretically overvalued view?

Downside on further missteps vs upside... skew?

Investing is about knowing the risks and minimizing them.

I believe the share price more than compensates for the below risks...

Montara further issues (10%)
RBL Redetermination Goes Smoothly(90%)
Brent Price Averages above $75 for 2024(90%)
Akatara Delay Possibility(10%)
Issues with other fields (10%)

[yasx] 19/1/2024 15:42

It is meaningless comparing the Co. as it stood back then with the current outfit, but not only because of the additional issue of equity - separately, because it is a markedly different business. That Co. was largely reliant on montara. The current business has shifted away from that to other assets. Income streams and proportion of each is/will be entirely different to the business a year ago.

I do see the point Nigel was trying to make but it has been misconstrued.

[ashkv] 19/1/2024 15:41

Thx Tom not here to make friends - and am working to be less brash...

That my postings are of value is good to hear :)

tom11119 Jan '24 - 14:37 - 20750 of 20753
0 1 1
Thanks for posting ash always appreciate your postings

[ashkv] 19/1/2024 15:40

NigelPM is a constant in stepping in to support Stemis when the troll gets called out...

Funny... perhaps friends or more in the real world )

USD Net Cash on balance sheet vs USD 200mn Akatara asset giving a 15 to 20% after tax profit (with upside potential)...

NAV/Book Value (Akatara Asset) vs Enterprise Value(Cash)...

[nigelpm] 19/1/2024 14:49

I concur with calcs though Stemis - would put the present day 27p somewhere around previous to raise 65p with warrant dilution if it gets over 50p.

[nigelpm] 19/1/2024 14:46

That's not really a fair comparison though. Since it was last £1 the company have 16% more shares to spread the value over and the company has gone from $117m of cash to net debt (probably understated) of $5m. Adjusting for those, the comparison is 27p v 69p. That doesn't take account of the dilutive impact of the warrants issued since then./

Which is still very material and the reason I put bracketed and explicitly called out the pre/post equity dilution! ;-)

[tom111] 19/1/2024 14:37

Thanks for posting ash always appreciate your postings

[ashkv] 19/1/2024 14:22

Agreed YasX - we just need delivery by JSE with pleasant surprises of some bolt on self funding acquisitions once RBL is done and Akatara online...

Strong oil price would be a welcome tailwind should the one above deem so...

MarketScreener Analyst Consensus only 4/5 analysts that cover the firm (12 Month Target Prices are in USD for some reason) ->