Jadestone Energy Share Discussion Threads

[1ajm] 29/4/2024 06:38

I'm not forrest so your opinion has no merrit.

I changed a single word from $110m was 'important' to 'needed'

Changing a single word 3 minutes after posting to another similar word isn't the focus here, nice try.

Lets see how the day goes.

[pughman] 29/4/2024 06:36

17,200boe Q1. MT posted that Stag opex at 2500bpd in 24 was 77 dollars a barrel. I dread to think what it was in Q1.

[tom111] 29/4/2024 06:36

So the RBL as it stands is back to status quo.Seems Nigel is right they are nett cash

[fardels bear] 29/4/2024 06:34

I think we all know what your game is. About 250 posts as forrestwhatever just to make 1500 quid on a short. I think the well is now dry so I should beetle off and find some new tuckers elsewhere.

[premium beeks] 29/4/2024 06:34

No you didn't, you said they hadn't received the 110m yet, yet it's in the announcement!Like I said, give it up son!

[1ajm] 29/4/2024 06:30

I added the insert from the RNS. What's your point?

[premium beeks] 29/4/2024 06:29

Also a reminder that 1ajm has now edited his post at least twice!

Give it up son, quit whilst ahead eh!

[neo26] 29/4/2024 06:29

Hes probably got multiple aliases.

[1ajm] 29/4/2024 06:28

pm reads lowered guidance and expected towards lower end and says 'all looks ok to me.'

[nigelpm] 29/4/2024 06:26

Those providing upticks to him should probably consider their own position also.

[neo26] 29/4/2024 06:23

Clearly doesnt know what hes talking about.

[premium beeks] 29/4/2024 06:23

Overall as expected, with some slight adjustments to the guidance.Good visibility and expectation management. Doing what it says on the tin is all that shareholders want after all - no surprises!

[neo26] 29/4/2024 06:22

20kboepd for 2024 is excellent for company only valued at 140m.

[nigelpm] 29/4/2024 06:22

I think it's time to ignore him - he's blatantly making stuff up or incapable of reading.

[premium beeks] 29/4/2024 06:21

1ajm - it's there in black and white.excludes an estimated US$110.5 million of proceeds for March 2024 liftings which were received in April 2024. 

[nigelpm] 29/4/2024 06:20

All looks ok to me. Akatara still expected by end of Q2 and some higher than expected flow rate from first three wells.

Cash looks good also:


l Net debt of US$78.2 million at 31 March 2024 (31 December 2023: US$3.6 million) reflects c.US$121.8 million of consolidated Group cash balances and US$200.0 million of debt drawn under the Group's RBL facility. The end March 2024 net debt figure excludes an estimated US$110.5 million of proceeds for March 2024 liftings which were received in April 2024.

Effectively, moved into net cash with that lifting.

[1ajm] 29/4/2024 06:15

Is / was the $200m RBL already fully drawn? bit early to be testing the limits.

The April payment from march sales $110m was needed.

Overall didn't read great. Classic Aussie assets.

"l The 2024 production guidance range is narrowed from 20-23,000 boe/d to 20-22,000 boe/d. The change to the upper end of guidance reflects first quarter Group production performance, which was impacted by both planned and unplanned downtime across the portfolio. Current internal forecasts point to an outcome at the lower end of the updated guidance range, "

They still need to do something special.

[paduardo] 29/4/2024 01:46

June /July last year PB talked of an inflection point as Jadestone sorted out its financing and put the operational issues to rest. We then had the small leak at Montara and the blow out in opex costs.

I believe a good update today with the RBL determination last week, might actually be that inflection point.

Anyway last see, fingers crossed.

[nigelpm] 28/4/2024 21:26

It would be but I'd also not be overly surprised or bothered if it took a month/two longer. Would be useful to get an update. Eyes down at 7am tomorrow.

[tom111] 28/4/2024 19:50

Update on the first 3 months of this year would be nice as well,surely with oil prices as they are it should be positive

[yasx] 28/4/2024 19:20

Well, much will depend on Akatara remaining on or ahead of schedule. Any slippage will be poorly received.

Am only cautiously optimistic given the failures over the past two years. Hopefully there are no excuses going forward.

[arlington chetwynd talbott] 26/4/2024 15:16

Nice RNS. I wonder what the market will make of the next one.

[dunderheed] 26/4/2024 14:54

Mate I was only joshing you but, it would have been remiss of me, to not point out!
Agree re the conclusions though and oft one of the favourite subjects of MT, from memory?!