Jadestone Energy Share Discussion Threads

[fardels bear] 23/6/2024 19:09

Get divorced and one of you move in for a couple of years.

[puzzler2] 23/6/2024 18:47

Despite my rant above, my shares are either in an ISA or my overseas QNUPS, so CGT really isn't an issue for me - but I do have a rental property with a latent capital gain and there's not really a way round that.

[fardels bear] 23/6/2024 17:46

Mine are all in my isa

[multibagger] 23/6/2024 14:38

Many thanks gerihatrick an pogue for sharing your views - sorry to hear the tragic stories. I have just ordered a book off Amazon called Nomad Capitalist by Andrew Henderson to explore lower tax jurisdictions. Kind regards

[pogue] 23/6/2024 14:34

The Tory government has already changed laws retrospectively. The one I know about, as it affects people I know, is the changing of the laws for people who took income as a loan rather than wages. HMRC tried for years in court to find something illegal with this but could not so the government changed the law and back dated it. A few people have killed themselves over resulting the tax bill they got and I am sure others will.
All politicians will do what ever they want they are not your representative they are only there for their benefit.

[gerihatrick] 23/6/2024 11:31

My only comment on retrospective taxation is that it is totally immoral. If you change the offside rule in soccer retrospectively how many more goals would be awarded, how would this influence league positions, and what are the financial implications!? Paul Keating, a previous Australian Treaurer and PM agreed it was immoral and only made changes prospectively.We all know politicians say one thing and do another but even this would be a step too far.

[multibagger] 23/6/2024 11:04

Good morning all :)

Drawing on the wisdom of crowds.....how likely is that the incoming Labour Govt

Will increase Capital Gains Taxes to match income tax levels for shares disposal in particular ?

When is the earliest time period / dated from which it can be implemented ?

Can it be done with retrospective effect ?

I appreciate that some/many on here have large share portfolios, so canvassing views.

Thanks in anticipation !

[upwego] 22/6/2024 07:49

Exciting Times!

Gas is probably flowing into the facility right now :)

Interesting week ahead.

[fardels bear] 21/6/2024 22:46

I rather wish they'd extract some value in my direction.

[tim000] 21/6/2024 20:19

I had that thought at the AGM, FB. I wouldn’t rule it out, I think I said that PB commented their USP was extracting value from assets in highly regulated jurisdictions. But I don’t expect anything on that front to happen soon.

[fardels bear] 21/6/2024 20:04

I trust they won't entice us back.

[mount teide] 21/6/2024 19:33

Once bitten twice shy?

Last weekend’s announcement that New Zealand’s government was lifting a ban on new oil and gas exploration, after it proved a disaster for the country - just 6 years after the ban was announced to great fanfare by former PM Jacinda Ardern, when with a straight face she claimed: “The world has moved on from fossil fuels,”, has created a problem for the new government:

Following the ban, the O&G industry widely commenced running down its existing exploration and producing operations. O&G sector analysts believe it will be a major challenge for the NZ government to entice them back into exploration, even were they to offer improved License/fiscal terms.

[mount teide] 21/6/2024 11:58

sea7 - as many have been pointing out on here for years - an entirely predictable outcome.

Yet another example of the extremely poor implementation and management of highly questionable policies with respect to the maintenance of energy security(at an affordable price), crafted and voted for mostly by grandstanding politicians looking to burnish their 'green credentials' with the eco loon/woke brigade.

[sea7] 21/6/2024 11:04

and australia is now suffering the same fate as new zealand..



Australia’s east coast faces natural gas shortages due to supply outages and higher gas-fired power demand amid cold weather and unusually low wind generation, the Australian energy regulator said this week.

and

The supply of gas in all or part of the east coast gas system may be inadequate to meet demand,” AEMO said in a notice late on Wednesday

and

Australia’s energy producers and utilities are also calling on the government to support the existing natural gas-powered generation as a smooth market mechanism to move to growing shares of renewables in the electricity system. Australia has been closing coal-fired power generation and raising solar and wind power, but without enough baseload generation, it risks power shortfalls and blackouts, industry officials have warned.

[fardels bear] 21/6/2024 09:39

On a Friday? Seriously? Weird.

[pughman] 21/6/2024 08:57

I've spent the last 2 years checking every morning for a JSE RNS to drop. I've learned not to build your hopes up.

[upwego] 21/6/2024 08:27

Looks like news probably Monday morning hopefully or some point next week.

I feel Monday would be a good day though.

[yasx] 20/6/2024 19:57

Mount Teide20 Jun '24 - 16:09 - 21929 of 21930
0 4 0
Chart - 50 day moving average moves through the 200 day for the first time in well over a year. The circa 45 degree angle of approach suggests the move has plenty more upside.

--------------

Indeed - have had my eye on that aspect of the chart and mentioned that here a few weeks ago.

[jacks13] 20/6/2024 16:11

The hidden hypocrisy in all of this net zero nonsense is that we, along with all the other developed economies, export our carbon emissions by sourcing our windmills and batteries from places such as China.

[mount teide] 20/6/2024 16:09

Chart - 50 day moving average moves through the 200 day for the first time in well over a year. The circa 45 degree angle of approach suggests the move has plenty more upside.

[neo26] 20/6/2024 15:32

Get moving jse...

[mount teide] 20/6/2024 15:26

UK O&G industry - talk about kicking a dog when its down!

While China is busy building 100 new coal fired power stations a year to cheaply manufacture wind turbines for its huge export markets in the West, the UK's Supreme Court tells the UK O&G industry it must take into consideration emissions from burning fossil fuels when approving new projects! A hugely short-sighted move that is likely to have huge implications for the industry and could prove to be the final nail in its coffin, as it sets a precedent for legal challenges.

Greenpeace and Just Stop Oil will be salivating over the decision!


North Sea oil drilling threatened by landmark Supreme Court ruling - Telegraph today

The future of Britain’s oil and gas industry has been thrown into doubt after a landmark decision by the Supreme Court.

The court ruled on Thursday that emissions from burning fossil fuels must be considered when approving new drilling sites.

It is the latest development in the case brought by Sarah Finch, a Surrey resident who challenged the local council’s decision to allow the expansion of an oil site at Horse Hill in 2019.

Ms Finch, acting on behalf of Weald Action Group, argued that the environmental impact assessment had only considered emissions from the extraction of oil – and wrongly ignored those produced when the oil was burned.

The Supreme Court has sided with her, handing down a decision that has huge implications for the entire UK oil and gas industry.

Legal experts say the decision could influence the way in which new fossil fuel projects are assessed in the UK, forcing planning officials and energy companies to justify emissions generated by oil and gas.

Ms Finch triumphed at the Supreme Court after her case was dismissed by the High Court and the Court of Appeal.

Surrey County Council had sought to challenge her case on the basis that the law did not require it to consider “downstream221; emissions as part of the assessment.

In its decision on Thursday, Supreme Court justices ruled three-to-two in favour of allowing her appeal. In doing so, they also overturned the decision to grant planning permission for the Horse Hill drilling site.

In his judgement, Lord Leggatt said “it seems to me plain” that emissions created by burning oil extracted at the site “are effects of the project”, and as a result “it follows that the council’s decision was unlawful”.

In a ruling backed by Lord Kitchin and Lady Rose, he said: “The reasons accepted by the council for excluding the combustion emissions from consideration and assessing only direct greenhouse gas emissions from within the well site boundary are therefore demonstrably flawed.”

He continued: “In my view, there was no basis on which the council could reasonably decide that it was unnecessary to assess the combustion emissions.”

The Supreme Court’s decision is also likely to set a precedent for similar legal challenges against Shell’s Jackdaw project and Equinor’s Rosebank development.

Following the decision, Ms Finch said: I am absolutely over the moon to have won this important case. The Weald Action Group has always believed it was wrong to allow oil production without assessing its full climate impacts, and the Supreme Court has shown we were right.

“This is a welcome step towards a safer, fairer future. The oil and gas companies may act like ‘business as usual’ is still an option, but it will be very hard for planning authorities to permit new fossil fuel developments – in the Weald, the North Sea or anywhere else – when their true climate impact is clear for all to see.” '

[jrlomax] 20/6/2024 14:43

Much sense you speak young Jedi

[neo26] 20/6/2024 14:27

Akatara jas been a drain in developing now its time to repay the debt.Cashcow akatara will be..