Jadestone Energy Share Discussion Threads

[sea7] 23/7/2024 14:05

thanks upwego

[upwego] 23/7/2024 14:02

Great news!

Great find Sea..

Thanks

[1ajm] 23/7/2024 14:00

Hopefully yesterdays top up works out well timed.

[thedudie] 23/7/2024 12:34

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 12:09

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 12:05

shouldn't be if all is going according to plan

[nigelpm] 23/7/2024 12:02

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

[sea7] 23/7/2024 11:59

thanks nigel

[nigelpm] 23/7/2024 11:56

What a find sea!

RNS shortly

[sea7] 23/7/2024 10:45

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

[sea7] 23/7/2024 10:36

you will of course note that page 33 actually has jadestone logo on it, which implies jadestone supplied it and indicated 24th July as on spec sales commencing.

[sea7] 23/7/2024 10:32

The above is the project management departments weekly report dated 25th June and posted online last week..

see map on page 2 denoting akatara July 2024

see list on page 10 which shows jadestone akatara expected July 2024 - 1100 bopd/25mmcfsd gas. It also shows as 99.1% completed and coloured yellow - which indicated that the overall progress is <=10% delayed.

see page 12 which indicates that materials are the cause of the slight delay.

see page 15 which talks of a small issue and resolution regarding compressor - which I haven't been able to translate yet.

see page 31 which outlines critical paths, issue/resolution and importantly says - onstream July 2024

see page 33 which specifically states 24 July 2024 on spec sales gas.

[neo26] 23/7/2024 09:21

Come on jse..

[fardels bear] 23/7/2024 08:28

MMs nickel and diming here again, it would seem.

[upwego] 22/7/2024 15:51

Thanks Nigel

Some good buying today for a change.

[bradvert] 22/7/2024 13:59

Thanks for pointing it out. Good to see the full history of presentations etc now appear to be there, rather than the last handful as previously..

[nigelpm] 22/7/2024 10:27

Yes.

I've posed the question on Akatara also - RNS on 13th June said :


Also as recently reported, the Akatara Gas Processing Facility is nearing the key milestone of mechanical completion, and the project remains on schedule for first gas later this month and for commercial gas, LPG and condensate sales to follow shortly thereafter.

Shortly thereafter must be starting to become overdue.

[yasx] 22/7/2024 08:20

Sounds rather reassuring Nigel.

[nigelpm] 22/7/2024 08:15

I reached out to the company through IR to understand what is going on with the industrial action and have been given permission to republish as below:

From 20 July, employees working for UGL/Innovative Asset Solutions Pty Ltd. (IAS/UGL), who are contracted to perform maintenance activities on the Stag and Montara platforms, plan to take industrial action over a period of two weeks.

The industrial action relates to a dispute between IAS/UGL and its employees – Jadestone is not involved.

We understand that negotiations between IAS/UGL and its employees are ongoing and it is possible that this dispute can be resolved. If there were to be a resolution, then industrial action can be stopped at any point.

A total of 12 employees from IAS/UGL are currently working across the Stag and Montara facilities (six at each of them). As the IAS/UGL contractors are focused on maintenance activities, Jadestone does not expect any impact on Montara and Stag production operations from this industrial action.

[sea7] 21/7/2024 10:26

looks like the industrial action is confined to the following number of employees...I see the site thinks woodside operate montara, but never mind..



published yesterday

Western Australian offshore gas platform workers strike for new work agreement

Twenty-five maintenance workers on three offshore natural gas processing platforms in Western Australia began protected industrial action on July 13, in their dispute for a new enterprise agreement. Workers voted unanimously on July 11 to take protected industrial action that could include nine separate work bans and work stoppages of between 30 minutes and 24 hours.

UGL-AIS employs the workers to operate and maintain Woodside’s Montara and Pyrenees floating natural gas platforms, and Jadestone’s Stag offshore platform. They are covered by the Offshore Alliance (OA), which includes Australian Workers Union and the Maritime Union of Australia members.

The OA accused UGL-AIS of attempting to shift workers off a union-negotiated agreement onto its Baseline Maintenance Agreement, with conditions below industry standards. Workers have twice voted unanimously to reject the company’s proposed agreement.

[sea7] 21/7/2024 10:12

I see that they have refreshed the website with a new look...

the indonesia page is fully refreshed and does state the following..

Jadestone is in the final stages of negotiating a second gas sales agreement for an incremental 3 bscf of gas sales to be sold at a premium to the existing GSA.

[upwego] 20/7/2024 05:52

we sould do with some really good news here to bounce of this 30p range.

Here`s hoping :)

[fireplace22] 18/7/2024 12:26

It is a thought going through M and S operators though, I'd prefer that done and dusted first.

[winnet] 18/7/2024 12:16

It would be unthinkable that there would be a break to downside from this pennant. Hence, I have averaged further down.