Jadestone Energy Share Discussion Threads

[sea7] 02/9/2024 11:24

jadestone have put out the tender to provide security services at akatara...



Pre qualification schedule between 28th august and 6th september
document prequal submission - 18th september

[ashkv] 02/9/2024 06:32

Akatara RNS out today?

Or has our super efficient operational whiz of a CEO pointed the figure elsewhere?

[sea7] 30/8/2024 16:04

Lets hope so -akatara handed over to jadestone fully operational

[nigelpm] 30/8/2024 15:15

RNS on Monday then.

[sea7] 29/8/2024 13:05

Exxon Joins OPEC in Warning of Looming Oil Supply Crisis



According to the supermajor, global oil production is facing a natural decline at a rate of some 15% annually over the next 25 years. For context, the IEA sees the rate of natural decline at 8% annually. Exxon points out, however, that the faster decline rate is a result of the shift towards shale and other unconventional oil production, where depletion happens faster than it does in conventional formations.


“To put it in concrete terms: With no new investment, global oil supplies would fall by more than 15 million barrels per day in the first year alone.” This is a scary prospect because “At that rate, by 2030, oil supplies would fall from 100 million barrels per day to less than 30 million – that’s 70 million barrels short of what’s needed to meet demand every day.”

AND

It seems, then, that Exxon might be on a more accurate track than the IEA, and the rest of the bearish forecasters fixated on China’s monthly crude imports and fuel exports. The supermajor might not be exaggerating the future that awaits the world if investment in oil and gas ceases. Fortunately for all of us, investment in oil and gas will not cease, despite the activist calls and threats by governments to force them to cease. The threats will remain just threats. Energy security always trumps ideology.

[ashkv] 29/8/2024 10:28

2 Days to go...

Another self goal? Or has Blakeley addressed his "expectation" managment and will he deliver?

JSE could use some game changing positive development - has been stuck in the doldrums...

"This activity is expected to complete this month, with any associated costs remaining the responsibility of the main contractor and equipment vendor."

[sea7] 27/8/2024 13:30

China National Petroleum Corporation (CNPC) and its listed company PetroChina are looking to buy oil and gas exploration and production assets and LNG opportunities globally in what could be a revival of deal-making for the Chinese state giant after two decades.

Back in early 2000's PetroChina bought Devon Energy’s business in Indonesia, as well as assets in Kazakhstan.

[kaos3] 27/8/2024 09:44

Montara is what i can not get too. I would appreciate if the company would kind of keep us in the loop, half educating, half informing us with a flow chart.

as it is beyond any logic for my self too.

i worked in a foundry, am familiar with different inspection methods and repair - and i can not understand what on earth they are doing ... after huge margin given for the off shore, strict regulations, insurance etc inspectors

what is going on indeed?

[sea7] 27/8/2024 09:35

Global money has flooded into Indonesia’s financial markets this month, signaling the country’s assets have quickly become a preferred investment destination as the US Federal Reserve’s easing cycle nears. As we all know - akatara is in indonesia

[sea7] 27/8/2024 09:27

july akatara progress video online...

Includes footage of the first condensate loading at the facility and first gas sales, which commenced on 31 July.



edit - for some reason the video isn't playing - i had to download it to my pc to watch it - sure JSE will get that sorted soon

[molatovkid] 26/8/2024 15:21

Until the UK has a viable alternative, fossil fuels it must be. Tax them yes but plough that into alternative power research and take advantage of the UK's tradition of innovationSpaffing it, on of all things, protecting mosques, is the wrong path.

[fireplace22] 26/8/2024 13:57

Can see a scenario a few years from now where the price of fossil fuel soars and where we are dependent for our supply on imports. The Miliband renewable energy plans are not progressing as planned and gone are windfall profits from the oil co's.

[mount teide] 26/8/2024 10:51

After huge, economically crippling, business destroying increases in energy costs and blackouts, in an effort to urgently bolster energy security, New Zealand, after ideologically testing expensive, unreliable 'renewable' energy to destruction, has been forced to slam on the brakes and reverse the ban on O&G exploration enacted 6 years ago!

As some of us have been writing about here for many years this decision was entirely predictable. Our clueless, woke, eco-loon Socialist government should take note, as it's only a matter of time before they will be forced into the same humiliating action!

New Zealand to Reverse Ban on Offshore Oil and Gas Exploration - Oilprice.com today

In a bid to bolster energy security, New Zealand intends to pass legislation by the end of 2024 to reverse a ban on offshore oil and gas exploration that has been in place since 2018, the government said on Monday.

The cabinet has committed to act with urgency to reverse the ban and remove regulatory barriers to the construction of critically needed facilities to import Liquefied Natural Gas (LNG) as a stopgap.

New Zealand also plans to ease restrictions on electricity lines companies owning generation and improve electricity market regulation, the government said in measures outlined in an urgent action plan to boost energy security.


Earlier this year, the coalition government said it would introduce a bill in Parliament in the second half of 2024 to remove the ban on petroleum exploration beyond onshore Taranaki as part of a series of proposed amendments to the Crown Minerals Act.

New Zealand’s natural gas production dropped by 12.5% in 2023 and by a further 27.8% for the first three months of this year, creating a nationwide shortage, according to government estimates. This has resulted in reductions in manufacturing output, while electricity generators have resorted to using more coal and diesel to power the electricity system.

“New Zealand currently has an energy shortage. The lakes are low, the sun hasn’t been shining, the wind hasn’t been blowing, and we have an inadequate supply of natural gas to meet demand,” Energy Minister Simeon Brown said in a statement.

The inadequate energy resources have pushed up wholesale electricity prices, which are “devastating for our manufacturing and export sectors, and is sadly leading to firms reducing production or closing entirely,” Brown added.

Resources Minister Shane Jones noted, “Oil and gas explorers need to have the confidence to invest here and know they will have a key place in New Zealand’s energy sector now and into the future.” '

[sea7] 26/8/2024 10:37

realised the error of their ways...



In a bid to bolster energy security, New Zealand intends to pass legislation by the end of 2024 to reverse a ban on offshore oil and gas exploration that has been in place since 2018

AND

New Zealand’s natural gas production dropped by 12.5% in 2023 and by a further 27.8% for the first three months of this year, creating a nationwide shortage, according to government estimates. This has resulted in reductions in manufacturing output, while electricity generators have resorted to using more coal and diesel to power the electricity system.

“New Zealand currently has an energy shortage. The lakes are low, the sun hasn’t been shining, the wind hasn’t been blowing, and we have an inadequate supply of natural gas to meet demand,” Energy Minister Simeon Brown said in a statement.

[sea7] 22/8/2024 07:23

stoprust.com/about/experience-overview/project-review-bulletin-9030/

This article may be from 2019, however, it does show six actual images of some of the seabed flowlines at montara.

[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!!