Jadestone Energy Share Discussion Threads

[sea7] 24/5/2024 12:00

job advertised at akatara....Dated 24th May



extract of responsibilities..


3. Delivering safe, reliable and cost-efficient production at the highest of industry standards, and consistent business growth to achieve best value for shareholders.

4. Overseeing the opening or closing of facilities and the operational aspects of mergers and acquisitions (if any) so that these activities are completed on time and within budget and with minimal disruption to the organisation's day-to-day operations.

[king suarez] 24/5/2024 08:49

Yes, people keep forgetting about the condensates. I just hope it's not like TXP's condensate production, which seems to more or less have quickly run dry after a few months!

[mount teide] 23/5/2024 22:10

Akatara - the expected daily revenue contribution from Gas Condensate and LPG is highly material and, will not only generate a much higher sales price/boe but, considerably more daily revenue than the Nat Gas production.

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/mmBtu Annual 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, based on 6.1 kboe/d this equates to:

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

AIMHO/DYOR

[neo26] 23/5/2024 21:50

Its called consolidation before the next leg up.Jse is going higher.. wells have been flow tested, equipment is being tested in akatara, i think that will rerate jse above 50p.

[neo26] 23/5/2024 21:48

17kbopd is still large amount.I think they will get around $6 per mcf in akatara and produce 30mmcfd.Jse should be close to 300m mkt cap.

[fardels bear] 23/5/2024 17:28

They only hedged half of the production

[1ajm] 23/5/2024 17:26

It's holding pretty well, not too long potentially. Not sure they would tell us if there was a delay or just let it happen.

Please keep in mind JSE hedged part of production at $70 and the cost of production at Montana and stag when comparing.

GLA

[graham86] 23/5/2024 16:06

I have so feel free to keep reminding me

[fardels bear] 23/5/2024 15:05

We haven't

[neo26] 23/5/2024 15:04

Aet only produce 6800bopd..Jse over 17.5kbopd and dont forget additional 7kboepd from akatara.

[neo26] 23/5/2024 14:43

Look how AET is flying, mkt cap 143m. Here as jse only 180mJse produces alot more than AET.

[neo26] 23/5/2024 12:21

This moves on small volume, what will be the catalyst for the big move.. approaching end of may...

[neo26] 23/5/2024 12:05

Come on jse.. Should be trading higher.. remember extra 60m on mkt cap is only 45p share.

[mount teide] 22/5/2024 09:05

Some noteworthy comment from the 2023 Annual Report - published 27th April 2024

Indonesia:
'We are increasingly confident of the upside potential at Akatara, underpinned by the pressure data obtained during the successful well test in July 2023 and subsequent technical analysis. Consequently, we booked an additional 3mmboe of Akatara 2P reserves at year-end, based on a second gas sales contract which is expected to commence deliveries in 2026.'

Malaysia:
'The first four well infill drilling campaign at the East Belumut field on the PM323 PSC - All four wells were drilled successfully, producing at an aggregate gross rate of c.7,000 bbls/d once all were onstream towards the end of 2023. This was double the targeted pre-drill rate, and provided strong evidence that there is much more opportunity in the field, especially a large, undrained feature in the southwest.

We are also maturing targets for a potential infill drilling campaign on the PM329 licence in 2025, as well as expanding our position offshore Peninsular Malaysia with the recent award of the PM428 licence. This was a tactical move by Jadestone in the context of our ongoing application for the Puteri Cluster (previously the non-operated PenMal Assets acquired in 2021), where a decision is expected around mid 2024.'

Australia:
CWLH: 'In November 2023, we announced the acquisition of an additional 16.67% stake in the CWLH fields offshore Australia, which increased our overall interest in the asset to 33.33% when the transaction completed in February 2024. Since acquiring our original CWLH interest in November 2022, the subsurface performance of the fields has exceeded expectations, validating our work and de-risking the significant upside potential we see across the asset.

This incremental interest was acquired at an attractive 2P acquisition cost of US$1.70/bbl, or less than US$1/bbl on a 2P + 2C basis, and provides Jadestone with greater influence over investment decisions.
Based on recent field outperformance, we now believe that production can be extended by four years to 2035 without the requirement for infill drilling. This will result in additional reserves, longer-term production, cashflow and significant value to shareholders'

Montara: 'While Montara is still an important asset to us, with safety, integrity and uptime performance at the forefront of our minds, going forward we will adjust our operating philosophy to ensure that operational and capital expenditure targets near-term value maximisation, including how to crystallise the significant potential that we see in the Montara fields’ associated gas resource.

Outlook: 'There is much more organic upside in Malaysia, at CWLH, Akatara and Num Du/U Minh. While our recent participation in Woodside’s process to sell its interests in the producing Pyrenees Area and Macedon fields offshore Australia did not bear fruit, we continue to see an exciting set of inorganic opportunities across the Asia Pacific region.'

[mount teide] 21/5/2024 20:36

Once again thanks for your generous and thoughtful comments.

Enerdata's recently published World Energy Yearbook 2023 has some useful data with respect to the change in global energy consumption expected by 2050. Much of which was alluded to by PcW, in their 'The World in 2050' Publication, which looked at the change by region in global GDP by 2050.

For the Emerging Nations of the world - combined population some 6 times that of the West, and bolting on growth equivalent to the entire population of the West every 13 years - to grow their combined annual GDP to PcW's estimated 6-7 times that of the EU and 3-4 times that of the US by 2050 will take an enormous quantity of additional energy.

This growth in global GDP is broadly consistent with Enerdata's recently published research on Global Energy Consumption Growth through to 2050:

YR 2000 Energy Consumption - Mtoe
3,050 - Asia Pacific
2,540 - North America
1,893 - Europe
1,015 - CIS
606 - Latin America
449 - Africa
383 - Middle East

YR 2050 - Estimated Energy Consumption - Mtoe
7,882 - (+158%) - Asia Pacific
1,548 - (-39%) - North America
1,442 - (+318%) - Africa
1,094 - (-42%) - Europe
1,069 - (+5%) - CIS
998 - (+53%) - Middle East
927 - (+10%) - Latin America


14,960 Mtoe - 2050 Est
9,936 Mtoe - 2000 Actual

Enerdata is estimating a 5,024 Mtoe (+51%) Increase in Global Energy Consumption per Year in the first half of this century, despite an expected reduction in North American and European consumption by a combined 1,791 Mtoe(40%).

Enerdata - Conclusion: 'Emerging economies will be the main contributors to the increase in global energy demand. By 2050, the Asia-Pacific region will represent over half of global energy demand, and Africa will consume more energy than North America or Europe.'

The challenge? Poor Emerging economies currently generate an average of circa 70% of their electricity demand from cheap coal, and many have increased their consumption of coal since 2020 contrary to 2050 Net Zero model assumptions.

AIMHO/DYOR

[fardels bear] 21/5/2024 12:19

We think of you and yours during your battle. May you succeed and prosper.

[royalalbert] 21/5/2024 08:01

MT your positive attitude needs to be applauded, best of luck.

[spangle93] 21/5/2024 07:58

Good luck MT, wishing you all the best

[mount teide] 21/5/2024 07:44

Thanks guys for your kind, heart warming and helpful messages in response to my latest health update. They're inspiring and appreciated!

[lcwanderer] 21/5/2024 07:42

Best of luck MT

[chessman2] 20/5/2024 21:01

MT,

Best wishes from all 64 squares of the chessboard.

[multibagger] 20/5/2024 20:08

Wishing you the very best MT and keep fighting and stay positive !

Sending you best wishes, good luck and much strength...keep the faith. Multi

[papy02] 20/5/2024 18:27

Agreed re diet. NHS very pharma led. Give your immune system all the ammo you can. Vitamin D (ideally get tested to see if deficient, but 25mcg/ day won’t hurt anyway), anti-oxidants, Mediterranean diet, superfoods like golden berries. Check with docs before trying any stronger food supplements.

NICE requires double blind clinical trials before any such is contemplated. That’s not going to happen unless state funded (no profit in it). Worth increasing your common sense odds even if gold standard proof isn’t available, IMHO.

[yasx] 20/5/2024 17:04

MT,

Do not underestimate the importance of an effective diet (all too often overlooked by the healthcare system) - certainly based on anecdotal evidence from those I have known to have suffered some form of carcinoma, it has been perhaps the single most powerful tool.

The NHS all too frequently seem to delay diagnosis and tend to only pick things up after metastisation, by which time prognostications are by definition not as favourable. Although it does not help the underlying illness, such negligence should always be addressed and the patient should rightly be appropriately awarded a significant sum for effects occasioned by such negligence. I know several people that have done just that for one ailment or another.

Anyway, wishing you the best of luck MT in combating the melanoma once again.

[pughman] 20/5/2024 16:35

Since JSE shares resumed trading on April 11, these are the major shareholder changes up to April 30. BG trimmed from 7.2% to 7.17%, Hargreaves Lansdown increased from 3.54% to 3.85% and UBS Wealth Management are a new holding with 3.02%.