Jadestone Energy Share Discussion Threads

[mount teide] 27/6/2024 15:44

Like most on the Asia Met thread have B750 on filter - it's the third time he has returned to the thread with a different alias over the last year.

Valeura Energy - The RNS today highlights the importance of carrying out in-water surveys in lieu of dry dockings, at intervals as laid down by the regulations for floating and fixed structures located in offshore O&G fields.

RNS - Precautionary Suspension of Wassana Production - June 27, 2024

'Valeura Energy announces the suspension of production at its 100% owned Wassana field, offshore Gulf of Thailand.

During a scheduled underwater inspection of the field’s production facility, the mobile offshore production unit Ingenium (the “MOPU”), a crack was identified within one of the MOPU’s steel jack-up legs. The Company believes such an anomaly may potentially pose a risk to the structural integrity of the MOPU.

Out of the abundance of caution, and in keeping with its strict standards for safety, the Company has chosen to suspend production operations at the Wassana field while further inspection and analysis is conducted.

Valeura stresses that there has been no incident in relation to this development, and hence no adverse impact to people or the environment.

Valeura is working with a team of internal and external experts to define the optimal course of action and will provide an update in due course, including by way of a Q2 2024 operations update, which it intends to announce within the second week of July 2024.'

Suspect they may have found a small crack between the tubular members of the leg structure.......something that should have a relatively low occurence risk, when considering the Gulf of Thailand has mostly benign year round sea and weather conditions.

[bukowski750] 27/6/2024 14:57

How's Montara going lads? All tickety-boo? Haven't checked in in a while but sincerely hoping all the issues have been ironed out! LOL!

[bukowski750] 27/6/2024 14:13

How much under water are you here MT? ROFLMFAO!

[molatovkid] 27/6/2024 13:33

Very disappointing share price reaction to recent news it had to be said.

[horndean eagle] 27/6/2024 13:19

I don't think there are many shareholders who share that view. JSE have him on the payroll so not surprised he is laying it on a bit thick. Blakeley has a very elevated opinion of his own abilities. He is very fortunate to still be in place here after debacle after debacle.

[saucepan] 27/6/2024 08:54

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

A rather sycophantic assessment from Malcy, or is that too harsh?

[sea7] 27/6/2024 08:51

Comes as no surprise to the educated...



Europe’s largest renewable producer scales back plans for wind and solar plants

Statkraft forced to cut growth because of lower electricity prices and higher costs

Excerpt...

Projects have become much more challenging and relative returns simply aren’t there,” said Vegard Wiik Vollset, vice-president, and head of renewables and power at Rystad Energy, a consultancy.

[ashkv] 26/6/2024 10:14

Another low vol day shaping up..

Almost noon and no buys (1 share) and again subdued vols dominated by sellinng...

# Trades 15
Vol. Sold 375,850
Sold Value £120.18k
Vol. Bought 1
Bought Value £N/A

[sea7] 26/6/2024 10:12

Head of the SKK Migas Program and Communications Division, Hudi D. Suryodipuro, said that the completion of the construction of the Akatara gas facility is believed to be able to increase national gas production.

“The Akatara gas facility is certainly very helpful, distributing gas, so that gas commercialization can make a significant contribution to the country,” said Hudi.

According to Hudi, SKK Migas will continue to encourage KKKS, including Jadestone Energy (Lemang) Pte. Ltd., is not only building commercial gas facilities but also expanding exploration into new areas in Jambi province.

[ashkv] 25/6/2024 14:17

Tepid share vol across a number of names I track!!!

Election outcome lull?

In the case of JSE 25 trades as of 3:15pm gmt

# Trades 25
Vol. Sold 70,715
Sold Value £22.97k
Vol. Bought 165,310
Bought Value £54.48k

[mount teide] 25/6/2024 09:24

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 09:16

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 21:24

SQZ don't need cash

[arlington chetwynd talbott] 24/6/2024 21:19

Avoid SQZ?

[puzzler2] 24/6/2024 19:44

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

[sea7] 24/6/2024 16:04

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 13:28

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 12:27

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 12:16

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 12:06

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