Jadestone Energy Share Discussion Threads

[fardels bear] 22/8/2024 06:49

12 posts since you joined in 2018, joey? Got a lot in your pouch, have you? Are you a real investor?Of course not.

[sea7] 21/8/2024 19:34

get rid of pop up - choose AMDAL tab and then see jadestone file below..translate page




DEVELOPMENT ACTIVITIES OF AKATARA OIL AND GAS FIELD, LEMANG BLOCK, WEST TANJUNG JABUNG REGENCY, JAMBI PROVINCE BY JADESTONE ENERGY (LEMANG) PTE.LTD.

Current activities:

procurement of land of approximately 64.86 Ha for all production and supporting facilities in the Akatara Field;
-change in the operating model from oil and gas production to gas production with LPG and condensate as by-products in the form of:
*operation of a gas processing facility (Gas Processing Facility, GPF) with a capacity of 25 MMSCFD;
*operation of a Liquid Petroleum Gas processing facility (LPG Plant) with a capacity of 3 MMSCFD; and
*operation of a condensate processing facility (Condensate Plant) with a capacity of 1,200 bbls;
*operation of 29 wells including 24 development wells, 2 injection wells, and 3 workover wells, with details: Pad A 2 workover wells and 2 development wells; Pad B One (1) well
*use of Water Based Mud (WBM) and Synthetic Based Mud (SBM) drilling mud;
-operation of roads and bridges from the well pad to the Gas Processing Facility (GPF) or from one well pad to another and continuing to the GPF with a total road length of approximately 16 km and a Right of Way (ROW) width of 21 m;
-installation and operation of pipes with details:
*Flowline pipes with a diameter of 4 inches - 12 inches at the Well Pad location to the Production Facility (PF)/Gas Production Facility (GPF) including Pad A-PF/GPF, Pad B PF/GPF, Pad D- PF/GPF, Pad CA PF/GPF, Pad DA- PF/GPF, Pad ED A- PF/GPF, Pad FDA- PF/GPF and Pad GDA-PF/GPF
*testing pipe with a diameter of 4 inches
*produced water distribution pipe with a diameter of 4 inches - 8 inches from GPF to injection wells. The maximum produced water that is distributed is approximately 450 BWPD; and
*distribution pipe (sales/export pipe) with a diameter of 8 inches along approximately 17 km from GPF to the Transportasi Gas Indonesia (TGI) tie-in point pipe;
*operation of condensate production that is trucked to Pertamina's Tempino Main Gathering Station in Muaro Jambi Regency and/or taken directly by buyers at the Gas Processing Facility (GPF);
*repair and maintenance of the main access road along approximately 5 kilometers from GPF to the public road; and
*maintenance/care of main and supporting facilities including replacement of pipes on the existing ROW in emergency conditions


Planned activities:

additional land acquisition of 29.3 Ha (Production facilities: 5.5 Ha, Alternative road 2.6 Ha, well pad exploration well & access road 21.2 Ha)
additional production capacity: Gas 8.5 mmscfd, LPG 64.6 T/day and Condensate 21.8 BCPD

[the_gold_mine] 21/8/2024 17:26

Looks to behind a paywall, any anoraks on here subscribe to Petroleum Economist ?

----

Jadestone Energy’s President and CEO, Paul Blakeley, recently shared insights with the
@PetroleumEcon about the company’s plans in Southeast Asia and Australia.

Paul talked to the promising demand outlook for gas across Southeast Asia, commenting that “these are all economies that are growing and they are all hungry for energy”.

He also covered the start of production at the Akatara development onshore Indonesia, the recent award of the SFA Cluster PSC offshore Malaysia, commercial progress on the Nam Du / U Minh fields offshore Vietnam, and the outlook for further growth across the region.

Read the full article in Petroleum Economist here:

[puzzler2] 21/8/2024 05:37

Not sure derisory nigelpm, but probably fair, equating to a P/E of around 6 as per my own calculations.

[ashkv] 21/8/2024 03:10

haha trying to be civil on these BBs is tough but I have improved - given below insecure sorts....

At least the troll/perma doom and gloom is now firing his guns at me rather than his doom and gloom vis-a-vis JSE..

pughman20 Aug '24 - 15:55 - 22382 of 22384
0 6 0
No you won't, you're all talk no trousers.

[nigelpm] 20/8/2024 21:47

I think 70p would remain derisory once akatara is up and running smoothly.

[sea7] 20/8/2024 18:24

dated 9th August..

Aug. 9, 2024, 02:36 AM
Stifel Nicolaus analyst David Round maintained a Buy rating on Jadestone Energy Inc (JSE – Research Report) today and set a price target of p70.00.

[pughman] 20/8/2024 14:55

No you won't, you're all talk no trousers.

[ashkv] 20/8/2024 14:03

God willing - I will add if post Akatara fully online RNS share price is in the 30-32p range with Brent around $80!!

[nigelpm] 20/8/2024 12:28

A lot going on and an incredibly derisory share price. It will change.

[sea7] 20/8/2024 12:18

Behind a paywall, however, Paul has been talking to them - dated yesterday.

The AIM-listed independent is pushing ahead with developments in Indonesia, Malaysia and Vietnam, CEO Paul Blakeley tells Petroleum Economist

[nigelpm] 19/8/2024 21:36

"This month" - there are only 9 working days left so may be sooner than 31st.

[fardels bear] 19/8/2024 20:34

And we wouldn't want them to make a mistake hurrying to satisfy you, would we?

[1ajm] 19/8/2024 20:20

Of course.

[nigelpm] 19/8/2024 19:17

Yup - it takes time to move from testing a well and workover to sending compressed gas down the pipeline for commercial sale.

It's all in the RNS if you wish to read it.

[1ajm] 19/8/2024 15:40

06 June

'The workover campaign on the five existing Akatara wells which will provide gas to the Facility has been successfully completed, flowing at an aggregate rate of 54 mmscf/d, significantly in excess of the c.25 mmscf/d of raw feed gas required under the gas sales agreement. In addition, the 17km pipeline which will deliver gas into the regional gas trunkline has been successfully tested and is now ready to receive Akatara gas.'

74 days ago

[sea7] 19/8/2024 09:35

Celebrating the 79th Anniversary of the Republic of Indonesia, SKK Migas Sumbagsel Holds Ceremonies at 3 KKKS Locations.

August 17, 2024 coincides with the 79th Independence Day of the Republic of Indonesia, SKK Migas Representative of Sumbagsel held a Ceremony activity at 3 KKKS locations. The activity was carried out at the Akatara Gas Plant Jadestone Energy Lemang in Parit Lapis Tanjung Jabung Barat with the ceremony inspector Head of the SKK Migas Representative of Sumbagsel, Anggono Mahendrawan.

and

After leading the ceremony, Anggono also visited and directly reviewed the facilities at the Akatara Gas Plant, the Jadestone Workers' Permanent Camp which is currently still under construction in some of the facilities and also looked at the Jadestone well pad.

[controlledmadness] 19/8/2024 07:38

I think we need to look at the actual numbers. The RNS mentions 20 mmscfd and 25mmscfd. That means they are producing at 80 percent of the proposed amount.
I assume the plant is powered by the gas being extracted which will mean that the difference is being used.
There was no additional comment about condensates being collected.
The costs are already paid and so all the income from the gas (even if lower) if going to the company.
It looks like a lot of people had a bad weekend.

[pughman] 19/8/2024 07:30

It is unfair to tarnish Akatara with frustrations felt with other parts of JSE's portfolio. I always felt it would need Q3 to get the project ship sake.

[aspringo] 19/8/2024 07:29

Most kit falls down with the first month or operates as it should over its lifetime with the agreed maintenance plan.That's why lots of big companies use a reliability centred maintenance plan, which.on most occasions proves that.Like most of us when we buy any kit for home, it tends to die within the first month or lasts for ages ( well a day past the guarantee expiring)

[jacks13] 19/8/2024 07:18

No apology necessary aspringo. I was thinking exactly the same thoughts but was too timid to express them. Its not down to Jadestone that the compressor bearings were knackered.

[ashkv] 19/8/2024 07:18

aspringo appreciate your take - however, long term multi year tenure JSE shareholders have been repeatedly stung by JSE's bloviating clearly incompetent CEO and are so entitled to a rant of their own.

In 2024 we have had to incur unexpected news of a massive increase in opex/capex for Montara//Stag to start the year off, twice reduced full year JSE production guidance, Montara tanks still not fully operational, Akatara delayed - and once again Akatara full operational capacity delayed post a recent two week timeline provided by JSE's CEO!!!

Having worked in a mutli-billion dollar deal environment with among the most qualified professionals that can be!!! A reliable team member / leader sets realistic guidelines and beats them!!!

Not repeatedly failing on their own timelines/targets - which conveys sheer incompetence!!!

HOPEFULLY JSE'S MANAGEMENT HAS AT THIS LATE STAGE OF THEIR CAREER INCORPORATED THE MARKET IS MORE EXACTING THAN ANY BOARD THEY USED TO REPORT IN THEIR PRIOR CAREER AND IT PAYS TO BE UPFRONT AS TO SLIP UPS IN PRODUCTION AND SET CONSERVATIVE TARGETS THAT CAN BE ATTAINED WITH 99% CONFIDENCE PER SCENARIO ANALYSIS!!!!

[aspringo] 19/8/2024 07:02

Apologies all, just got up with a birthday hangover rant.

[sea7] 19/8/2024 07:01

steady progress - ramp up phase being taken carefully by contractors and once all boxes ticked, they will hand over the facility to jadestone.