Jadestone Energy Share Discussion Threads

[mount teide] 31/1/2024 07:21

RNS - Trading update for the year ended 31 December 2023

Decent update - after the hugely disappointing period from H1/22 through to end of H1/23, if the management continues to build on the encouraging progress they've since made, its suggests 2024 offers good risk/reward for the company to deliver a strong recovery in its fortunes and market valuation.

[fardels bear] 30/1/2024 16:40

It also has one of the dodgy FPSO'S though, don't it. We don't need that kind of double whammy.

[tom111] 29/1/2024 15:40

Sounds like one of us "Hopefully this can now move forward!" lol thanks ash

[ashkv] 29/1/2024 15:32

Positive Tweet from significant JSE shareholder and Board Member David Neuhauser this past Friday.

[fardels bear] 28/1/2024 13:34

That's what I understood also.

[fardels bear] 28/1/2024 13:05

Thanks very much

[thedudie] 28/1/2024 10:35

Not sure it is right anyway.
As far as I understand it there are 2 tanker shipments due to NWS2 and 1 tanker shipment due to NWS1. If each is approx 650000 barrels then JSE are due 1.95m barrels in 2024 which /365 is kind of equal to 5300 odd barrels per day (versus the 3300 in their model . With 2 shipments due to MWS2 it is an exceptional year to align with the exceptional costs associated with the decomm. funding.

Well that is the plan anyway.

[alxo82] 28/1/2024 07:29

copy-paste this in the address box of your browser: zerogcos.substack.com/p/a-troubled-south-east-oil-company

[fardels bear] 27/1/2024 10:30

I can never get that link to open on this phone.

[tom111] 27/1/2024 07:32

Well with that news i cant see any more acquisitions any time soon they have enough on their plate already

[1ajm] 26/1/2024 12:05

Didn't expext vietnam news this morning. A miracle may be performed yet.

I'm not even going to think about the development costs yet.

Sounds like a more substancial production volume atleast.

'added potential of bringing in partners during the development stage' - interesting.

Let's see if it stops the slip.

[lawson27] 26/1/2024 09:28

Joined you for the recovery here, GLA

[tom111] 26/1/2024 09:00

Nicely timed 1AIM

[mount teide] 26/1/2024 08:42

Overall opex/bbl - highly material downside potential available with the development of the Vietnam assets:

Overall opex/bbl - highly material downside potential available with the development of the Vietnam assets:
Plateaux production from the Vietnam nat gas assets would likely drop the current 2024 guided $36/boe opex to circa $25/boe, and down to the $mid teens/boe if current contributions from Montara and Stag were excluded.

[thedudie] 26/1/2024 08:40

At last ... JSE must be very pleased that this is finally signed. They have been working away for years on this!

Although a fair way off .....

£140m of existing recoverable costs
Phased development Nam Du pays for U Minh
Big increase in reserves when FDP approved (presumably).
What looks like good terms ....

What's not to like.

[spangle93] 26/1/2024 08:17

... due to the considerably lower opex

[mount teide] 26/1/2024 08:05

Vietnam - 80 mmscfd under a take-or-pay arrangement over a targeted minimum plateau period of 55 months - that's equivalent to 13,700 boepd take or pay.

The circa $8.0 mmBtu regional nat gas price is around $50/boe - and would generate the same annual revenue ($251m) as 8,600 bbls of oil per day at a sales price of $80/bbl.

[nigelpm] 26/1/2024 07:56

Been a very busy few days but confirmation and further details behind the link croasdale posted...more future growth.

[croasdalelfc] 26/1/2024 06:46

30m barrels 2C resource become 2P reserves at some point. No problem with reserves based lending in 2026 then :)