Jadestone Energy Share Discussion Threads

[mount teide] 25/6/2024 10:24

Malcy's Blog

'So, nearly there for Jadestone who deserve huge congratulations in getting to the final furlong of Akatara on time and without any injuries.

With the gas flowing through the facilities it is only a matter of time before commercial gas is announced and for the company that means a significant increase in production and more importantly a diversity in the portfolio.

Paul Blakeley is a leading light in the industry and he and his team deserve all the plaudits this time.'

[ashkv] 25/6/2024 10:16

SQZ also have a huge RBL already in place to finance acquisitions and are likely to announce a new deal in H2 2024 / Have already bid for certain Norwegian assets!!!

Wanton misleading by the below poster on the other forum - STAG has a premium of anywhere between $10 to $25 for its production!!!

At current Brent levels it should be selling its crude for close to $100



Charlie156

Posts: 1,278

Price: 33.00

No Opinion

RE: Brent Oil PriceToday 08:59
Roxi, last production RNS was 17500bpd for Q2.

6500 hedged at $70.

11000@$90.

Average $82.50 across the JSE portfolio. They are losing money at Stag on those numbers. I'm afraid if you need oil at $100+ to make a return from one of your oilfields, it's an embarrassment for any competent CEO.

[nigelpm] 24/6/2024 22:24

SQZ don't need cash

[arlington chetwynd talbott] 24/6/2024 22:19

Avoid SQZ?

[puzzler2] 24/6/2024 20:44

Might that be a cup and handle I see on the chart?

[sea7] 24/6/2024 17:04

nice rns today

confirmation of previously communicated milestones being achieved. Final stages for full commercial operations.

nice to see JSE moving forwards on all fronts

[arlington chetwynd talbott] 24/6/2024 14:28

You are missing my point. These are standard metrics for e.g. solid producers but here on AIM the focus is usually much more on growth catalysts or recovery catalysts - perceptions around, and delivery of, those catalysts is usually what the share price hangs on.

[ashkv] 24/6/2024 13:27

Haha the troll is being funny... hopefully I will be posting the same when share price is 100p (far more probable)!!!

[1ajm] 24/6/2024 13:16

ash is going to be copy and pasting how cheap 2p reserve and EV/barrel figures are all the way down to 1p if that were to happen.

[ashkv] 24/6/2024 13:06

At 33p a ridiculously low H2 Projected EV/Flowing Barrel of US$12,800
EV/2p = US$3.90

JSE Share Price -> 33.00p
Brent Current Price -> $85.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23 -> 57.14%
JSE Current Share Price vs 52 Week High of 39.5p on 7 Sep 23 -> -16.46%
Shares Outstanding -> 540,817,144
GBPUSD -> 1.2650
JSE 2024 Production Mid-Guidance Revised Apr 24 (20,000-22,000 Boe/d) -> 21,000
JSE Average Production YTD 31 May 24 -> 17,200
JSE Projected H2 24 Required Production To Meet Min 2024 Guidance Prod Equating H1 24 Production same as 2024 Avg Production Reported End May -> 22,800
JSE Production Average for 2023 (Montara Curtailed for a period) -> 13,800
JSE Production Average for 2022 (Montara Curtailed for a period) -> 11,487
Net Debt (USD) 31 May 24 -> $66,000,000
Available Liquidity (Remaining USD 200Million RBL Available + USD 35Million Standby Facility-Cash) -> $169,000,000
Market Cap (GBP) -> £178,469,658
Market Cap (USD) -> $225,764,117
ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $291,764,117
EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $13,894
EV/Barrel(USD) Production YTD 31 May 24 -> $16,963
EV/Barrel(USD) Projected H2 2024 Average Production -> $12,797
JSE Decommissioning Expense Provision i.e. Asset Restoration Liability per FY 2023 Results -> $603,902,000
EV/Barrel (USD) JSE 2024 YE Exit Boe/d 23,000 Boe/d Production (Q1 Avg + Akatara 6k boe/d H2 24) [Added Decommissioning Provisions Per FY 2023 Results to EV] -> $38,942
2P Reserves (Boe) as of 31 December 2023 -> 68,000,000
2P Reserves (Boe) YE 23 + 6.8 mmBoe Second CWLH Acquisition H1 2024 -> 74,800,000
EV/2P -> $3.90
EV(Including Decommissioning Costs)/2P -> $11.97

[ashkv] 24/6/2024 13:03

Dude you are not dealing with a full deck!! I am not going to engage with an OCD like you!!!

These are standard industry metrics utilised to value firms, acquisitions etc - I have both forward looking and backward looking figures....

PLS TAKE A CHILL PILL YOU HUMBUG!!!

I sold out of TRIN for a marginal profit - whereas per your frequent / almost daily unhealthy screed on that firms ADVFN BB you bought in the mid 50s (long after I stopped posting figures for that basket case) and are still holding!!!

Perhaps I should have persisted with the figures than you could have ascertained that their are more compelling investments rather than TRIN!!!

THIS IS THE JSE BOARD - AND LETS STICK TO THIS SHARE!!! IF YOU OWN IT!!! OR JUST WISH TO FOLLOW ME AROUND AS YOU HAVE A FATAL ATTRACTION!!!

[arlington chetwynd talbott] 24/6/2024 12:20

Why do you persist with this kind of data dump analysis? It just gets you caught in value traps, like it did with TRIN. These are not blue chips - it is much safer to focus on trajectory: less data, more insight.

[e43] 24/6/2024 10:55

Bought several lots in the 32's ,but shares seem to have dried up with nothing to buy on ii at present

[1ajm] 24/6/2024 10:45

Once the cash starts accumulating it'll be time to lock it away in a 2040 decom fund.

[nigelpm] 24/6/2024 10:34

the market is understandably in believe it when we see it mode with JSE.

I agree to some extent but we have seen it.

Once the cash starts accumulating that's the next step.

[spangle93] 24/6/2024 10:01

Sea7/MT, ref east coast Australia.

Two issues
1. Whatever the commonwealth government might say, licencing is a state decision. So if NSW decides it doesn't want to touch its coal seam gas resources, then it doesn't issue exploration licences.

2. Queensland is much more friendly to resource companies. But there is no requirement on companies to commit any output to domestic needs, unlike in WA, where a fixed percentage must be available for domestic supply. So Queensland companies produce their gas to LNG facilities and export, and NSW whinges that it's cold.


As for the Horse Hill lady - companies have been producing Class 3 emission estimates for ages. There is a burgeoning industry in 3rd party consultants that will calculate it for you. It doesn't mean that developments won't go ahead. The stupid thing would be if producers were challenged to reduce Class 3 emissions, because once the gas is sold it's hard to see how they can have control over it.

[arlington chetwynd talbott] 24/6/2024 09:58

Absolutely, the market is understandably in believe it when we see it mode with JSE.

[fireplace22] 24/6/2024 09:01

Probably more detail(and enthusiasm) to come when gas sales start.