Jadestone Energy Share Discussion Threads

[nigelpm] 29/4/2024 08:11

These posters have nothing bad to say about JSE, infact they target someone mentioning downsides/risks while the share price has gone from 100p to 27p.

This is also utter drivel. Many posters me included have been very critical of management and have taken them to task via IMC questions or directly talking with the company.

What exactly have you done?

[ashkv] 29/4/2024 08:00

I have been quite negative on JSE including CEO - when it warranted but given the share price / outlook I am positive.

ACT you were plugging and went long TRIN when in the low 60s - and look where it is today. Sometimes turn-arounds take time. Or they turn out to be basket cases...

Arlington Chetwynd Talbott29 Apr '24 - 08:03 - 21520 of 21536
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How do you explain the market reaction to the RNS then? You have been ramping this all the way down - seems like you have only ever been considering one side of the argument. At least 1AJM seems to be considering both.

[sea7] 29/4/2024 07:31

As at year end, Montara and the CWLH Assets have US$3.8 billion (2022: US$3.5 billion) and US$493.4 million (2022: US$535.5 million) of unutilised carried forward PRRT credits, respectively. Based on Directors' latest forecasts, the historic accumulated PRRT net losses are larger than cumulative future expected PRRT taxable profits. Accordingly, Montara and the CWLH Assets are not anticipated to incur any PRRT expense in the future of the asset

[nigelpm] 29/4/2024 07:21

Crikey Al - for once we agree on almost everything!

You are right of course about net cash - dipped into it comfortably but then back out again probably in April with payments.

[sea7] 29/4/2024 07:17

akatara...

During testing, one well achieved a maximum flow rate of approximately 9 million cubic feet per day (mmcf/d), with data from the well test supporting the current Akatara 2P reserves estimate. The well is designated to supply pre-commissioning and commissioning gas for the AGPF, while the second well is intended for use as an injector/disposal well.

A campaign with a 550 HP rig to work-over the planned five wells commenced in Q1 2024. Currently, four out of five well workovers have been completed and tested at an aggregate stabilised rate of c.30 mmcf/d, ready to deliver the gas production required to fulfil the daily contract quantity under the gas sales agreement.

[neo26] 29/4/2024 07:15

2023 is gone and history, time to look forward to 2024 and beyond.

[sea7] 29/4/2024 07:14

on akatara...

Currently, the Group is focused on testing all equipment, testing, cleaning and reinstatement of interconnecting pipe, electrical and instrument testing at both the gas plant and metering station, and the hydrotesting of the gas pipeline. Overall progress of the project had reached 95.72% completion at the end of March 2024. Pre-commissioning and commissioning activities commenced in November 2023 and continued into early Q1 2024 for utility systems, with further progression towards commissioning for the process system. Commercial production remains on track to start in Q2 2024.

[oilinvestoral] 29/4/2024 07:14

Full disclosure this is my biggest holding (slightly ahead of AET). Let's call a spade a spade! The results for 2023 are not good but were largely to be expected.The narrowing/ lowering of guidance will probably peeve the market as that was a theme for the past 2 years. Reserve replacement was excellent and montara is now less significant CWLH addition looks amazing and hopefully we can continue to add to our stake there!Although it might appear to some we are net cash in April, we are probably net debt due to other disclosed commitments that need to be paid this month. I expect us to start going net cash from June July.Overall happy and will add it drops significantly!

[nigelpm] 29/4/2024 07:13

It is a rather odd reaction to a very reassuring set of results and outlook statement.

It's early - lots of tin pot margin traders around - like you I took the opportunity to top up.

[upwego] 29/4/2024 07:12

I`m happy no bad news and Ankatara getting closer.

[pughman] 29/4/2024 07:12

Production went from 20000bpd in Jan to 17200 in Q1,that is a seismic drop. I am not aware of previous cyclone seasons having such an impact on production. Blakeley should have informed shareholders instead of going off the grid for 3 months. Still, no disasters, I thought that relief would be seen as a positive by the market, but it appears not.

[yasx] 29/4/2024 07:11

Nigel,

It is a rather odd reaction to a very reassuring set of results and outlook statement.

[1ajm] 29/4/2024 07:10

nigel press refresh mate.

[yasx] 29/4/2024 07:10

I think the update could have been better constructed to put less emphasis on the mildly negative aspects (such as reduced range of production even though guidance remains within the range) and more focus on things such as the impact of liftings received April indicating net cash position.

Main thing is Akatara is on track.

[sea7] 29/4/2024 07:09

At least we get an update on montara...

The Prohibition Notice that was issued in June 2022 is expected to remain open until each tank within the FPSO that can contain oil has been inspected and a technical file note demonstrating its fitness for service has been issued to NOPSEMA. Jadestone is currently methodically executing a tank restoration program, which resulted in 6 centre, 5 centre, 5 port, 5 starboard and both slops tanks being removed from the Prohibition Notice during 2023. Work is ongoing on the remaining tanks and once all are completed, the Prohibition Notice is expected to be fully lifted. Jadestone continues to engage closely and transparently with the regulator about the progress of the inspection work. The NOPSEMA Level 4 investigation into the 2C loss of containment is ongoing.

[nigelpm] 29/4/2024 07:07

How do you explain the market reaction to the RNS then?

Inability to read perhaps - misunderstand the net cash position?

[yasx] 29/4/2024 07:06

Not a bad update at all - buying more given the surprising market response.

[arlington chetwynd talbott] 29/4/2024 07:03

How do you explain the market reaction to the RNS then? You have been ramping this all the way down - seems like you have only ever been considering one side of the argument. At least 1AJM seems to be considering both.

[1ajm] 29/4/2024 06:57

The real news includes good and bad aspects.

Todays RNS had both. Maybe don't tunnel vision.

These posters have nothing bad to say about JSE, infact they target someone mentioning downsides/risks while the share price has gone from 100p to 27p.

Enjoy your day.

[fardels bear] 29/4/2024 06:50

But you've never been interested in the real news, just making your ice cream money.

[1ajm] 29/4/2024 06:47

Still makes you incorrect. But clearly you enjoy that.

Back to the news and not your tin foil hat verbal vomit.

[nigelpm] 29/4/2024 06:44

You edited your post when called out and are now trying to backtrack. Give it up is my advice.

[fardels bear] 29/4/2024 06:43

We think you're forrest though so consider yourself cancelled.