Jadestone Energy Share Discussion Threads

[e43] 13/6/2024 13:39

Tyou Tim,on a side note SQZ &ENQ getting hammered after the release of Labour Party manifesto, very sad as both businesses doing alot for UK energy security and national wealth, which seems to not register with our would-be new masters,hell-bent on their 'nuts' ideology.

[tim000] 13/6/2024 13:11

Montara and Stag were barely discussed, the focus was on Akatara really. Without wishing to commit himself, Paul did say that the gap between commissioning Akatara and first sales would not be very long. My fellow attendee rightly said of course that the company needed to prioritise an event-free period of commissioning and sales, which was far more important than minimising the gap between the two. My fellow attendee also made a very good point that it was important that the company take its social responsibilities seriously, wrt supporting the local community. I wasn’t convinced the Directors had given that as much thought as they should.

[mount teide] 13/6/2024 11:10

tim000 - thanks for the feedback.

All AGM resolutions passed - interesting to note the board members up for re-election with the exception of David Neuhauser, received at least 4-5 times more votes against re-election than David .....does not surprise me!

[e43] 13/6/2024 10:38

Welldone for going Tim,did PB have much to say about Montara & Stag?

[tim000] 13/6/2024 10:18

Paul sees unfinished business in the company, including restoring the share price to a more appropriate level, and remains energized to see that through. Akatara should generate a lot of cashflow for the business, from both fixed-price gas and market-priced liquids.

[fozzie] 13/6/2024 10:05

Thanks for that Tim.

[tim000] 13/6/2024 10:00

There were only two retail shareholders at the AGM, meaning we had nearly an hour afterward to talk to Paul and the FD. Akatara remains on track. Paul sees acquisition opportunities primarily in Australasia, due to a lack of competition there and the fact that the majors are starting to pull out. The work they did arranging non-dilutive finance on the pulled Woodside assets should stand them in good stead for any future acquisitions. Longer term they might consider moving to a full listing. The Directors were very approachable, definitely worth making contact should anyone have any questions. A very enjoyable and worthwhile meeting.

[mount teide] 13/6/2024 09:03

Energy Diversification NOT Transition, delivered at a politically affordable cost, should be the National Energy Plan for the UK over the next 25 years.

Electricity generated by cheap home supplied nat gas is currently between 3 and 6 times cheaper across the US than in the UK and Germany, the two European Nations currently leading the hugely shortsighted stampede into ultra expensive, unreliable solar and wind generated energy.

Results were in-line with expectation, and with Akatara shortly due to commence commercial sales, sets JSE up to deliver a strong H2 performance - during which a further acquisition is likely.

AIMHO/DYOR

[pughman] 13/6/2024 08:18

No real changes to the major JSE shareholders list for the month of May. Hargreaves have increased by 0.15%,UBS by 0.19% and Invesco are new with 3.14%.Institutions holding above 3% amount to 66.2%.

[fireplace22] 13/6/2024 08:05

It'll be interesting to see how Starmer handles the rail union (and junior doctors) demands. Will the unions suddenly stop their action as their politically motivated strikes have now succeeded?

[fireplace22] 13/6/2024 08:01

They already have by their persistent negative dialogue against fossil fuels.

[winnet] 13/6/2024 07:59

I am fully behind Starmer in taking the railways back into national ownership when their contracts expire. About 40% of the rolling stock is already in national ownership as the government is the lender of last resort. Literally, it cannot go much more badly for both taxpayers and rail users as things stand. Theres going to be a lot of s@@te in the Labour manifesto, e.g. Net zero - the North Sea etc, but nationalize the railways. Absolutely!

[ashkv] 13/6/2024 07:57

Poacher45 - JSE doesn't get impacted by Labour Government NO UK Assets

[poacher45] 13/6/2024 07:16

Train cancelled so unfortunately I cannot make the AGM. Will it be any better under Labour I can remember the old saying not nationalized but paralyzed.

[upwego] 13/6/2024 07:14

could not ask for a better update took another 30k and production imminent this month :)

[upwego] 13/6/2024 07:06

will be debt free this year. Nice :)

[sea7] 13/6/2024 07:03

Decent update

Year-to-date (end-May) 2024 production has averaged c.17,200 boe/d, a c.50% increase year-on-year,

[1ajm] 13/6/2024 06:55

Keeping on track, the 20,000 they hit seems to not be achievable from those assets anymore.

I'm going to assume they are not going to eye up a 2nd gas contract (in 2024) and enjoy running the facility at an easy pace for a longer time.

Getting the RBL paid back down for a nice safety buffer / investment cash to have going into 2025 would be nice.

[pughman] 13/6/2024 06:42

Q1 production was 17,000bpd, affected by a severe cyclone season.I was expecting more than 17,500bpd average to date for Q2.

[puzzler2] 13/6/2024 06:38

If you assume 20K boepd at say $80, that's annual revenue of $584m - less costs and capital expenditure of $400m (all per today's RNS), that's a cash profit of $184M or roughly £145M - compared with a market cap of £172M. Simple calculation, yes, but undervalued? - also yes.

[11_percent] 13/6/2024 06:30

Year-to-date (end-May) 2024 production has averaged c.17,200 boe/d, a c.50% increase year-on-year, with production in the second half of 2024 expected to increase significantly with the onset of production at the Akatara project. As previously reported, the lower end of the 20-22,000 boe/d 2024 production guidance range remains the most likely outcome.

[tim000] 13/6/2024 06:26

On my way to the AGM now.

[tim000] 13/6/2024 06:26

Labour MPs generally have no more understanding of the physics of green energy than Angela Rayner. Maybe she will be made the new Energy Secretary, it would be appropriate.

[sea7] 12/6/2024 15:04

When Tessa Khan and the labour party MP's are sat in their homes, in the dark, no electric, no heating, no hot water and no way to charge up their phones or post stupid comments online, they can pat theirselves on the back, safe in the knowledge that eating their cold food and not by candlelight - cannot possibly pollute with those candles, they have reduced pollution in the Uk by wrecking the ability of the country to keep the power on.

It is no good saying that companies need to deliver on their green promises, when she will soon realise that the same companies and investors are just going to move investments and focus to asia, where clowns like her and labour are not welcome.