Jadestone Energy Share Discussion Threads

[croasdalelfc] 06/6/2024 07:32

No unless they can find another offtake method or buyer - they are looking at options.It does mean that opex should be reduced as they can alternative which wells provide feedstock and shut in or choke back the others. Also these higher rates might lead to another uplift in reserves and an extended field life towards 10 years or more.Original 2C gross resource was 17.7m boe now it's 25.9mboe - a near 50% increase

[spangle93] 06/6/2024 07:30

MT - raw gas feed is the wet stream from the wellheads, and will contain all hydrocarbons, including those that separate out as liquids during processing - so it should be higher than the max DCQ.

o/t did you get the PM on ADVFN

[upwego] 06/6/2024 07:29

I would imagine there lining up buyers for the remainder of the gas, so could see another announcement with a new customer to take some gas, or they will feed into the plant the right amount of gas and increase production when new customers arrive..

This is a fantastic update and the best we could have possibly received.

Happy Bunny

[slysycove] 06/6/2024 07:17

"flowing at an aggregate rate of 54 mmscf/d, significantly in excess of the c.25 mmscf/d of raw feed gas required under the gas sales agreement"
What happens with the excess above the gas sales agreement- is this also produced and sold?

[11_percent] 06/6/2024 07:07

Nice rise.



free stock charts from uk.advfn.com

[upwego] 06/6/2024 07:05

Fantastic update 54mcf very nice indeed..

onwards and upwards.

[sea7] 06/6/2024 07:03

Just the sort of update we needed and gas way above contracted requirements

[croasdalelfc] 06/6/2024 06:56

NB LPG reserves up by 68% from when they bought Akatara - now 9.5m boe with imo room to increaseLPG price is linked to Saudi LPG price which was $620 a metric tonne in Jan - it is 11.6 boe LPG to a tonne - so around $50 a barrel

[mount teide] 06/6/2024 06:48

Akatara - May Video - the night shots of the processing plant look highly impressive.

[11_percent] 06/6/2024 06:45

The project remains on schedule for gas into the Facility in approximately two weeks time and for commercial gas, LPG and condensate sales following shortly thereafter.

[croasdalelfc] 06/6/2024 06:41

A substantial Reserves increase was reported in AprilOverall a 38% increase ? to 25.9m boe. Gas up 18% but LPG up 68% to 9.5m barrels from 5.45.I believe they will get a decent amount for LPG but need to look it up.Only downside is govt back in for 10%

[mount teide] 06/6/2024 06:37

Interesting: '......flowing at an aggregate rate of 54 mmscf/d, significantly in excess of the c.25 mmscf/d of raw feed gas required under the gas sales agreement.'

c.25 mmscf/d of raw feed gas required under the contract - this is 21% above the daily contract quantity and 10% above the maximum daily quantity previously advised:

* 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.'

[ashkv] 06/6/2024 06:29

God willing onwards and upwards :)

[mount teide] 06/6/2024 06:20

Highly encouraging RNS - a tremendous performance from the Company and in particular the Japanese contractor in delivering such a complex, large-scale project on time and to budget.

[neo26] 06/6/2024 06:16

"The workover campaign on the five existing Akatara wells which will provide gas to the Facility has been successfully completed, flowing at an aggregate rate of 54 mmscf/d, significantly in excess of the c.25 mmscf/d of raw feed gas required under the gas sales agreement."

[nigelpm] 06/6/2024 06:06

Fabulous. All on track.

[neo26] 06/6/2024 06:04

Nice rns..

[mount teide] 05/6/2024 14:09

In the month prior to the Opec+ June meeting 'speculators' had driven the short position in oil up to a multi decade high, equal to that hit at the height of the pandemic when oil demand was nearly 15m barrels/day lower than today's record 103m bbls/d.

[yasx] 05/6/2024 11:55

I think they have enough to bed down before embarking upon more acquisitions - but clearly their are keen to look at other projects.

Any delay at Akatara will be inexcusable.

[sea7] 05/6/2024 11:25

I note the just over 1m shares print at 30p gone through - I also see that I can also buy in size at 30p

[zero the hero] 04/6/2024 14:10

I added a small amount today also

[yasx] 04/6/2024 12:01

The chart is shaping up nicely - I have been adding more since yesterday.

[neo26] 04/6/2024 08:38

Its almost across the line, all the wells have been tested, just getting the processing facility sorted and are at the final stage.

[winnet] 04/6/2024 08:32

Most people I talk to think oil will be strong for at least another decade as reserves are not replaced. PB obviously thinks so. I trust his judgment.