Jadestone Energy Share Discussion Threads

[neo26] 07/6/2024 15:17

Looking strong..

[winnet] 07/6/2024 13:33

I should have taken that 2.68% in retrospect!

[mount teide] 07/6/2024 12:06

FB - New Jerusalem lol!

After the disappointment of the last 2 years - makes you grateful for small mercies like a 2.3% rise on 70k/£21k of transaction volume.

Particularly when the average annual cash ISA savings rate in the UK is currently 2.68%.

[fardels bear] 07/6/2024 11:41

Is a ha'penny a walk up, MT?End of this year I'm going to need some Div. if not forthcoming here, and I've done my five year term, I'll have to start looking for a new Jerusalem.

[mount teide] 07/6/2024 10:38

Price being walked up today on very modest volume/buying pressure.

[fardels bear] 07/6/2024 09:04

I put it down to short term nickel and dime traders. So, the trend is now up but selling on good news has always been popular though lack of liquidity other than on good news days does restrict the fun and games here.

[nigelpm] 07/6/2024 08:25

A silly one liner needs evidence - suggest you provide it before making ludicrous accusations.

[neo26] 07/6/2024 08:07

U lost credibility with your antics at polx and you doing it now.Shifty..

[nigelpm] 07/6/2024 07:40

I too was surprised by the immediate selling that followed yesterday's initial jump - I'd put that down to stale holders that just want out and will continue to use an opportunity on good news to do just that.

[croasdalelfc] 06/6/2024 19:15

$180m+ is a stretch given original estimate for capex was $94m .. add a bit for inflation and it's likely $120m

[croasdalelfc] 06/6/2024 19:13

For clarity: I would see the Puteri Cluster award as a shoe in given the following .Jadestone is the operator of the PNLP license offshore Peninsular Malaysia, currently overseeing operations and maintenance in shut-in mode following the withdrawal of previous operator Petronas Carigali. The reinstatement of production and further development of the license is subject to retaining the licence as part of the ongoing Malaysia Bid Round Plus process, and approval of a development plan by the regulator Petronas.The PNLP license encompasses several oil and gas fields, including North Lukut, Penara, Puteri, and Padang, now known as the Puteri Cluster. These assets are strategically located close to Jadestone's core operational interests, which consist of the PM323 and PM329 licenses, along with the recently acquired PM428 license. The geographical proximity positions PNLP as a pivotal production hub, allowing synergy with PM428 and the sharing of essential infrastructure to optimise overall operations

[kaos3] 06/6/2024 18:19

SP93 - to us unwashed all is easy and simple. why should we change for worse...

PS - there is no difference in TXP and JSE. both in oil and gas.

both are 33p.

only one will be rising much faster.

as simple as that.

[winnet] 06/6/2024 18:07

i hate paid pr...

[sea7] 06/6/2024 18:04

malcy blog comment today...

Jadestone has given us a tasty morsel of what is imminent at Akatara, it may actually be even better when first gas comes on stream later this month so let’s wait and see.

[mount teide] 06/6/2024 16:00

Correction - to above post - failed to check the date of Ian's link and so thought incorrectly it was confirmation of the Puteri Cluster application expected mid year.

[mount teide] 06/6/2024 15:44

Very good news as it suggests Jadestone has been successful with their application for the Puteri Cluster, which means by implication, we will also get the full additional upside of the previously won PM428 PSC License:

Malaysia Licence Award- Jan 2024

'As part of the recent Malaysia Bid Round, Jadestone was awarded the PM428 PSC as operator with a 60% interest, with the joint venture partner being Petronas Carigali.

The PM428 PSC represents potential upside in the event that Jadestone is successful in its application for the Puteri Cluster (previously known as the PNLP assets), since it not only surrounds the Puteri Cluster, but is also in close proximity to the Jadestone operated PM323 and PM329 PSCs.

The PM428 award carries a minimal financial commitment to reprocess some existing seismic. A decision on the Puteri Cluster is expected around mid-year 2024 as part of the Malaysia Bid Round Plus.'

[croasdalelfc] 06/6/2024 15:35

hTTps://freemalaysiatoday.com/category/business/2024/01/23/petronas-awards-7-production-sharing-contracts-to-oil-gas-players/Hmmm , PSC awarded ... terms to be negotiated... or is this wrong

[upwego] 06/6/2024 15:04

thought we would be over 40p today..

Still happy though with the good news and first maiden production imminent.

[spangle93] 06/6/2024 14:39

@kaos - you may have learned the difference, but it doesn't stop others using the words incorrectly, especially when there are no quantitative definitions

[1ajm] 06/6/2024 14:38

The 7.7 million man hours over several years and $180mn+ invested into Akatara for the required 24mmscf/d and only getting +7% on news of the additional 29mmscf/d flow for virtually free is a bit embarrassing.

Is the expectation that having a second sales agreement in place would not be beneficial over just selling the 24mmscf/d for longer?

Hopefully it will help towards a stable climb over time.

[neo26] 06/6/2024 14:29

I dont think they would have invested heavily in a processing unit if they wpuld not get steady consistent flow rates. Akatara will give at least 7 years of production...

[pughman] 06/6/2024 14:18

We're coming up to the 2 year anniversary of a minor oil spill on the Montara FPSO which destroyed shareholder value. During that period the management team actually didn't know what they were doing.

[kaos3] 06/6/2024 14:16

txp - i learned the difference between sand, sand stone, and word tight coming with them and also cracs with them

well i hope ... and reservoir characteristics coming with those words.

most would know differences anyway

[spangle93] 06/6/2024 14:14

ref Dunderheed
... and the country manager, and operations manager, don't live 4000 miles away