Jadestone Energy Share Discussion Threads

[neo26] 26/7/2024 06:51

Another decent deal..Now the update on monday..

[puzzler2] 26/7/2024 06:33

Minimum based on 15mboe estimated, over a 10 year life, is 4,100 boepd. Infill drilling may well increase the resource estimate over time. Looks like a good deal to me.

[11_percent] 26/7/2024 06:20

Is that an other 5,000 bopd......still to look at the presentation.

[jungmana] 26/7/2024 06:10

Good news from Malaysia, LBE also due an award there soon

[dunderheed] 26/7/2024 06:07

Well at least we got an RNS Neo! Not sure it was "the" one though, although potentially a nice addition.

[neo26] 24/7/2024 09:19

Just 2 more trading days before the rns.Hopefully the share price can finally move in the 40s

[fardels bear] 24/7/2024 09:18

Nickel and dime again.

[mount teide] 23/7/2024 22:02

sea7 - ref: slideshare link - Many thanks, some highly impressive investigative work!

[upwego] 23/7/2024 16:55

I think these start up issues, a project of this size is going to have a few issues in the startup testing phase. I`m not worried they have done a great job just seeing the size and scale of it.

[sea7] 23/7/2024 15:02

all under warranty as well and seems resolved

[1ajm] 23/7/2024 14:54

Sounds a little bit worse than I was expecting if I'm honest. But it would appear now they are already past it.

[sea7] 23/7/2024 14:23

translation of issue, courtesy of another poster on another board...

Issue

There is a manufacturing defect in the engine bearing of 2 gas compressor inlet units based on Jadestone's letter of June 5, so it must be replaced before commissioning.

There was damage to the coupling on the inlet gas compressor B when it was about to start up based on Jadestone's letter of 14 June.

Gas compressor vendors take too long to give the green light for start up compressors.

Resolution

which occurred when the pre-comp inlet gas compressor B was being investigated for the cause. Replacement will be made, material is in the process of shipping with ETA site W4 June. As an alternative, bearings have been replaced on 2 gas compressor inlet units.

Coupling damage

commissioning with only 1 inlet compressor (Unit A).

A continuous expedition was carried out by Jadestone and JGC to NEA (gas compressor vendor) to get the green light.

Project onstream outlook in Jul 2024.

[sea7] 23/7/2024 13:05

thanks upwego

[upwego] 23/7/2024 13:02

Great news!

Great find Sea..

Thanks

[1ajm] 23/7/2024 13:00

Hopefully yesterdays top up works out well timed.

[thedudie] 23/7/2024 11:34

To bridge the gap they need to show they can generate continuing free cash flow after the last couple of years. They are getting there though and the price will hopefully respond a fair bit with the RNS that looks possible this week or next. Hopefully nearing towards 50p if there is any sense.

For longer term holders and people that want to see this north of £1 again that will be a bit longer story. The Akatara production will help pay down their debt a fair bit this year, but more so in 2025 which will be at the same time as CWLH moves from mainly financing the ABEX requirement to generating free cash flow. And of course another slice of CWLH could be served up at any time or something more exciting maybe....

[nigelpm] 23/7/2024 11:09

Agreed - assuming they sorted the "materials" issue should be within a week.

I also see it as a really important milestone in terms of bridging the gap from market cap to fair valuation.

[sea7] 23/7/2024 11:05

shouldn't be if all is going according to plan

[nigelpm] 23/7/2024 11:02

Just hoping "shortly" isn't another month ;-)

[sea7] 23/7/2024 10:59

thanks nigel

[nigelpm] 23/7/2024 10:56

What a find sea!

RNS shortly

[sea7] 23/7/2024 09:45

page 34 has the flow chart for start up forectast dated 24th jun