Jadestone Energy Share Discussion Threads

[poacher45] 13/3/2024 15:46

Hi some of us have a greater thirst for knowledge than feeding our belly. That is why we are Jadestone shareholders.
Unfortunately I live too far away to attend events in London.

[nigelpm] 13/3/2024 13:32

Here is the interview :

[pogue] 13/3/2024 12:53

lol poacher you notice I came to speak to Paul with the sandwiches and wine in hand, get in before the locusts schoolboy error on your behalf :0). Only 4 people came over and talked to him all night rest were there for the free food and anything else that wasn't bolted down. I talked to him and his assistants until they left. You going to the Proactive one on Thursday with AXL and PRD?

[poacher45] 13/3/2024 12:00

Percentage finish at Akatara is determined by the percentage of large components
delivered to the site. Obviously with dignitaries having full diaries a date will be arranged for the switch on but in reality gas will be running before then. There is now 2000 people working on the site.
Paul said in over 40 deals that he has been involved in there has never been a leak.
Also it was not from Jadestone's side as it provided them with new information. Once the leak happened they had no alternative under the stock market rules and were forced to suspend dealings immediately. Paul said the deal is only in the very very early stages and as pogue says it could be suspended for a long time even if Jadestone decide to pull out. He also said do not believe what the papers say.
Paul also made the comment that they are roughly producing twice as much as two years
ago but the share price is a quarter of the price. Sometime reality will set in.
In getting this information I got virtually the last bottle of beer and the locusts
{press} had eaten all the food.
Today Paul is doing an interview with Malcy's

[loafingchard] 13/3/2024 11:58

Thanks pogue, appreciate your efforts.

[nigelpm] 13/3/2024 11:48

Longer it's suspended the better ;-)

[11_percent] 13/3/2024 10:46

Thanks pogue.

[kaos3] 13/3/2024 08:03

No dilution.... how

Alcatara in production and increased take offs with larger storage will make financing easier

Time to happen needed. In jse interest to prolong the negotiations in order to be able to increase production in order to ease TO financing gathering with no or min dilution

No trading till autumn probably

[nigelpm] 13/3/2024 07:26

No. I thought you were referencing no q&a?.

Montara is as-was - would need an RNS for any material change so to claim nightmare continues is what I was questioning?

[pughman] 12/3/2024 23:48

Have you been in a coma for 21 months?

[nigelpm] 12/3/2024 23:06

the nightmare continues for shareholders.

What nightmare?

[pughman] 12/3/2024 22:53

Blakeley stopped giving detailed info on FPSO repairs a long time ago. 7 months to fix a tank wall, probably will need to extend the tanker charter. No Q&A, the nightmare continues for shareholders.

[pogue] 12/3/2024 22:42

MT PB threw loads of numbers about even 6 months he didn't know at all. Then again they may pull out so could be long before that.

[mount teide] 12/3/2024 22:40

Thanks Pogue - 'They are still running the numbers on the idea of bidding it should be noted there is no guarantee they will bid. The leak was very early in the process.'

Considering that Woodside appointed Morgan Stanley back in August 2023 to run the bid process(according to O&G industry journals), if the leak is very early in the bid process, to the extent that JSE are still running the numbers on the idea of bidding, we could at this rate of progress remain suspended until well into summer!

[king suarez] 12/3/2024 22:28

Thanks, pogue :)

[sea7] 12/3/2024 22:21

Thanks pogue

[pogue] 12/3/2024 22:20

No he had one other JSE employee plus a part time one who were there to answer questions and make sure PB did not say anything he shouldn't. He consulted with them before answering some questions.

[nigelpm] 12/3/2024 22:17

Thanks Pogue. Really helpful.

Great news on tanks and Akatara already in commissioning phase.

Out of interest was it just PB from JSE there?

[pogue] 12/3/2024 22:10

One more but decom costs at Woodside around A$350 million.
90% of this I got face to face as there was no Q&A after presentation as he over ran.

[pogue] 12/3/2024 22:05

As soon as the information got out on the reverse takeover the rules are that the company must suspend the share price. Simple as that I am afraid.
They are still running the numbers on the idea of bidding it should be noted there is no guarantee they will bid. The leak was very early in the process.
The damage to Montara was done during the conversion in Singapore. Looks like a scaffold pole was dropped down the hatch and damaged the tank wall which was never found by any inspection since. Should be fixed end Sept maybe earlier maybe end off year. Clearly not wanting to commit for fear of being held to it.
One of the tanks is coming back online tomorrow, no RNS, this will mean the tanker will be able to take a bigger load each time.
Could not get any line on when the bidding process will finish i got the impression they did not know either.
The sale date will be backdated so some production will be included. I asked if that was August but was told that there will be a date.
Aktara is being commissioned right now expected first gas Q2.
I strongly suggested more shareholder interaction and that was already being planned. Online and face to face I suggested a pub night for shareholders and it was not rejected. Thank me later.
Fund raise to fund purchase is unlikely to be by dilution it is something they have been advised not to consider or want to by the sound of it.

[nigelpm] 12/3/2024 21:45

Question - Trading Suspension - on re-reading this RNS, why didn't Jadestone Energy remain trading until Woodside announced who, if any, of the interested companies, they had selected as preferred bidder.

My sense was:

There was a leak clearly as it appeared in "The Australian".

As soon as that occurred you don't have a lot of choice given the materiality of the potential deal.

[tom111] 12/3/2024 21:42

That has been thoughts from day 1 imo there was no reason what so ever to suspend trading until such time we were nominated.I did mention that and was shot down lol

[mount teide] 12/3/2024 21:23

Jadestone: '......confirms that it is a participant in the bid process being managed by Morgan Stanley on behalf of Woodside Energy Group Ltd, in respect of the proposed sale by Woodside of its participating interests in the Macedon and Greater Pyrenees Projects.

The Proposed Acquisition would include Woodside's interests in the Macedon producing gas field and a cluster of producing oil fields collectively known at the Pyrenees Area. For reference, Woodside's net working interest production from the Macedon field and Pyrenees Area in the second half of 2023 averaged c.28,000 boe/d.

Were Jadestone to be selected as the preferred bidder and reach agreement with Woodside on acquisition terms, the Proposed Acquisition would be classified as a reverse takeover transaction in accordance with AIM Rule 14, and accordingly, the Company's ordinary shares will be suspended from trading on AIM with immediate effect and will remain so pending publication of an AIM admission document setting out, inter alia, details of the Proposed Acquisition, or confirmation is provided that the discussions for the Proposed Acquisition have been terminated.'

Question - Trading Suspension - on re-reading this RNS, why didn't Jadestone Energy remain trading until Woodside announced who, if any, of the interested companies, they had selected as preferred bidder.

[mount teide] 12/3/2024 21:07

npm - yes - Thanks for pointing out the mistake - have amended the post accordingly.

[nigelpm] 12/3/2024 20:47

You mean Macedon and GPP from Woodside?