Jadestone Energy Share Discussion Threads

[nigelpm] 13/2/2024 08:43

Hibiscus - presentation - hxxps://www.hibiscuspetroleum.com/wp-content/uploads/2024/01/2024-Hibiscus-Investor-Presentation-Jan-R1.pdf

[nigelpm] 13/2/2024 08:41

Lots of posts suggesting it's "out of their league" or "too big"

Highly recommend reading the HBR acquisition:

hxxps://www.voxmarkets.co.uk/rns/announcement/2682fa40-1c25-4997-aa55-bed58e33b681/

[yasx] 13/2/2024 08:26

Dudie

Hence my point the otger day - what is the plan here as far as Tyrus is concerned since they must have significant input behind the scenes.

[fardels bear] 13/2/2024 08:25

If they weren't it wouldn't be happening or possibly happening

[thedudie] 13/2/2024 08:24

Thought that RNS was going to be the CWLH completion - a bit surprised.

If Jadestone get themselves in pole position the acquisition will take a long time, reverse takeover, admission documents etc etc.

Wouldn't be surprised if a chunk of cashflow got knocked off the price eventually.

You have got to assume that Tyrus are on board with the move ....

[tom111] 13/2/2024 08:15

Out of their league i would have thought.Could be the reason for the selling over the last few days

[sea7] 13/2/2024 08:12

Private equity giant Carlyle, Hibiscus Energy and Jadestone Energy are believed to be the final contenders in the race to buy Woodside's Macedon oil and gas assets in Western Australia. Expectations are that the Macedon project could be worth about $US500m ($770m)

behind a paywall in the australian.com from two days ago.

[34adsaddsa] 13/2/2024 08:11

"Woodside and Santos called off their merger."

Oh. Never mind then.

[croasdalelfc] 13/2/2024 08:04

The assets have been up for sale since August - the Santos/Woodside merger since Dec. Would be nice to get a cheaper sale so they can get that merger over the line.

[e43] 13/2/2024 08:03

Woodside and Santos called off their merger.
JSE,V ambitious for a company with their recent performance

[nigelpm] 13/2/2024 08:03

Up against Carlyle and hibiscus. So three left in it. Jadestone would appeal as upside in stock from a reverse takeover.

[nigelpm] 13/2/2024 07:59

We'll find out soon enough

[pughman] 13/2/2024 07:54

I do not understand how JSE thinks it can do this deal.

[croasdalelfc] 13/2/2024 07:51

hTTPs://www.offshore-technology.com/news/woodside-energy-assets-sale/75m 2P 82% gas and $150m a year cash flow until 2027

[nigelpm] 13/2/2024 07:50

Unlike management would willingly put further pressure on share price so premium wouldn't surprise.

[nigelpm] 13/2/2024 07:49

Then it's a question of price. Harbour managed to get a significant premium in recent reverse takeover.

[nigelpm] 13/2/2024 07:48

Yes.. large equity element I'd expect also.

[nigelpm] 13/2/2024 07:47

Depends on price croas... Doubt there are too many other bidders for the assets.. they must be close to a draft agreement to have suspended shares. Very interesting development..

[stemis] 13/2/2024 07:46

Paid with shares as it effectively says

[croasdalelfc] 13/2/2024 07:45

Would take them to ~circa 50k with a good chunk of fixed price gas . Montara would be 10% of the enlarged group. Would have preferred the rest of CWLH tbh . With backdating and forward payments paid by liftings

[nigelpm] 13/2/2024 07:44

Wise to suspend shares even if it give me somewhat of a fright seeing that RNS first!

[basem1] 13/2/2024 07:41

A positive as long as they do not overpay

[nigelpm] 13/2/2024 07:40

Financing presumably.

[royalalbert] 13/2/2024 07:39

How's that paid for???