Jadestone Energy Share Discussion Threads

[upwego] 25/3/2024 07:25

I would imagine a nice chunck of shares to be bought by Dr Adel Chaouch especially at this price.

[the_gold_mine] 19/3/2024 22:28

Watch the presentation given by @JadestoneEnergy 's CEO, Paul Blakeley, at last week's
@SHARESmag Investor Evening Event in London, setting out Jadestone's investment case and near-term outlook. $JSE #Jadestone #JSE #oilandgas #investing

[...]

[tom111] 19/3/2024 15:53

Oil price keeps ticking up every day Brent $87.5 must be helping JSE cash situation

[pogue] 14/3/2024 21:20

Didn't get a chance to speak about JSE with the partner from JSE he was escorting the AXL CEO and was fast to leave. Barely talked to the AXL CEO

[thedudie] 14/3/2024 11:19

Thanks Bradvert. That is one I have missing from my collection. Jadestone have an irritating habit of deleting presentations. Things sure did look rosy back then!

Page 70 suggests to me (in 2020 figures) that it''l take about $150M negative cashflow to get them up and running. So probably $200m now.

[bradvert] 14/3/2024 10:43

Dudie, they held a Markets day way back in 2020. Vietnam was imminent (but shelved due to Covid) and there is a ton of detail on Vietnam (and other assets ) in the slide deck.Happy to share - see page 70 onwards (!!) for possible costs and timeline. Clearly there will have been inflation since then. Also check the summary document JDE produced on Jan this year when the HOA was announced..https://drive.google.com/file/d/13Skugzb1zBAjuaUUJC_0QslkTzBrdlZe/view?usp=sharing  

[thedudie] 14/3/2024 10:41

Thanks MT
It would be a multi-year investment cycle with Phase 1 funding Phase 2 so it will be a while before true free cash flow was released but clearly huge potential for excellent cash flow.

[mount teide] 14/3/2024 10:22

Vietnam Nat Gas Project FPSO - almost certainly would be leased.

FPSO's - Considering the huge upfront build cost prior to first production, only Majors/NOC's generally have the financial strength to go for the most cost effective solution over the life of the project - to fund it from their own cash resources.

Heard $200m mentioned for phase 1 - assumes a leased FPSO.

[thedudie] 14/3/2024 10:03

I have no real idea what Phase 1 of Vietnam would cost apart from a complete guess at say $150m-$200m. Is that too high? Anybody have a more educated guess/idea?
Do you think they would go for a leased FPSO ?

[mount teide] 14/3/2024 09:48

Vietnam Nat Gas assets - it was always the intention to use spare capacity, once it became available in the existing pipeline, to evacuate the Nat Gas production to the Ca Mau power plant and industrial complex in Southern Vietnam.

The small FPSO planned for the project would be specced to process the nat gas for pipeline export, while the condensate/LPG would be stored in the FPSO's cargo tanks for future evacuation via a shuttle tanker.

'Jadestone plans to jointly develop the Nam Du and U Minh gas fields. The proposed development plan involves two unmanned wellhead platforms, one located at each field, with produced fluids delivered to a central floating production, storage, and offloading (FPSO) vessel at Nam Du. Processed gas from Nam Du and U Minh would be exported via the nearby existing 18 inch pipeline owned by Petrovietnam that transports gas from the PM-03-CAA Block to the Ca Mau power and industrial complex in southern Vietnam. Condensate would be exported by shuttle tanker.

[puzzler2] 14/3/2024 09:48

Personally, I'm happy with the suspension continuing for quite a while longer. The share price was in freefall from mid-January - the suspension stopped that and gives JSE some time to consolidate operations and firm-up on profitability. Tough luck to all those short holders when the share price leaves suspension significantly higher.

[e43] 14/3/2024 09:07

Nigel(the longer JSE's suspended the better)why?,the fact we're suspended is unintentional (a leak)because we're just running over the WDS figure's for a deal that if it happened would have to be totally debt financed,It's unfortunate we're suspended, because the share price all thing's be equal would have been higher than the suspended price by now.We don't want to become another SAVE.tyou Pogue for your insights.

[upwego] 14/3/2024 09:00

Seems they have lot`s going on and there working there socks off, can`t ask for more than that, and in the process of trying to nail a huge asset that would turn the company into a $1 billion revenue company with production close to 50,000boepd.

Cant argue with that, Akatara is very impressive.

[poacher45] 14/3/2024 08:26

pogue Having had time to think about the meeting the only question I have left to ask is:-
Now that we will be using the existing gas pipe line in Vietnam what will the cost be
to bring it on line. Thanks in advance.

[mount teide] 14/3/2024 08:03

Akatara - the expected daily revenue contribution from Gas Condensate and LPG is highly material and, should currently generate a much higher sales price/boe than the fixed price Nat Gas contract price.


JSE - 'On 1 December 2021, Jadestone announced that it had signed a gas sales agreement for the Akatara field with PT Pelayanan Listrik Nasional Batam as buyer. The key terms of the Akatara GSA are:
* Daily contract quantity (“DCQ”) of 20.5 BBtu/d commencing in H1 2024
* Gas price of US$5.60/mmBtuAnnual take-or-pay quantity set at 90% of the adjusted annual contract quantity
* Maximum daily quantity set at 110% of DCQ

The Company anticipates that the Akatara gas field will deliver a gross plateau production of approximately 6.1 kboe/d, based on an estimated gas production rate of 18.8 mmscf/d gas (gross), plus associated condensate and LPG, for a duration of seven years.'


So, this would be equate to daily production, based on 18.8 mmscf/d gross of:

3.13k boepd - (51.3%) - Nat Gas @ circa $31.5/boe
2.97k boepd - (48.7%) - Condensate @ ave 85% $Brent price, & LPG @ ave 80% of $Brent price

[badger60] 14/3/2024 05:51

I wonder how the shorters are taking all this?? Overjoyed I should imagine.

[kaos3] 14/3/2024 04:22

34adsaddsa

Thank you. It is superb. Wow.

[1ajm] 14/3/2024 01:14

bullish and 'turning a corner' is what you'd expect, try not to get too hyped up about it, it's why they held the investor relations promotions. Just think about if from their POV.

They might be pretty happy about the 'leak' early on into the process causing the shares to be suspended.

That being said, hopefully it turns out well across the board. No bad news since the close at least. The RBL review results due very soon?

[34adsaddsa] 13/3/2024 22:42

Akatara gas price is fixed at is $5.60/mmBt, which I think works out at about $31 per barrel of oil equivalent.

[kaos3] 13/3/2024 18:24

Gas price and its formula in asia, alcatara specifically

I have no feeling where they stand.

Maybe i am just ignorant

Tia

[pogue] 13/3/2024 17:28

From chatting after the whole vibe was the company is turning a corner. I left feeling much more confident.
By the way I am probably going to meet the part time employee on Thursday night he is going to the Proactive night as he is working there as well for another company IIRC it is AXL however if there are any follow-up queries re JSE I can ask him to see if he knows.

[saucepan] 13/3/2024 16:51

I have just watched the interview, I thought it was all rather bullish; encouraging.