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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jadestone Energy Plc | LSE:JSE | London | Ordinary Share | GB00BLR71299 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.25 | 4.95% | 26.50 | 26.00 | 27.00 | 27.25 | 24.90 | 25.00 | 1,039,643 | 09:01:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 323.28M | -91.27M | -0.1688 | -1.57 | 136.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
17/9/2024 12:34 | I am not concerned about akatara at this time - it is worthwhile highlighting this from the accounts today.. "Whilst the site currently remains formally under the control of the EPCI contractor, a detailed Operational Readiness program has been undertaken by the Company to ensure that when the performance test is completed, and the facility is formally handed over, Jadestone Energy is ready to safely operate the facility." Akatara is still undergoing testing - it isn't in Jadestones full control yet. | sea7 | |
17/9/2024 11:00 | Very rare, if ever, for JSE share price to rise on results day, even back when results and sentiment were good and the share price was generally rising. Not good H1 as expected, given oil prices and Akatara revenue delays probably a rough H2 also. Moving in the right direction from 2023 at least. "After the H1 2024 reporting period, the Group generated US$53.0 million in revenues from three liftings of 0.59 mmbbls in July from Montara, Stag and PenMal" "Net debt of US$69.1 million at 30 June 2024 reflects c.US$130.9 million of consolidated Group cash balances and US$200.0 million of debt drawn under the Group's reserves-based lending ("RBL") facility. As at 31 August 2024, net debt was US$94.6 million, based on consolidated Group cash balances of US$105.4 million and US$200.0 million of debt drawn under the RBL facility." Where is the COO? Will 2025 be the turn around? who knows, -Australia will continue to be an ongoing concern across the board, with an outlook of cost control and being properly maintained. -Malaysia, Indonesia and Vietnam on the other hand have great opportunity, -Malaysia PM323 being a fantastic result and "The Group is progressing plans for further infill drilling on the East Belumut field, in particular focusing on the undrained southwestern area of the field discovered during the 2023 campaign." -Indonesia, of course Akatara coming online and paying back the years of heavy investment with revenue and large margins. - Vietnam, obviously further out then 2025 and would need funding but opportunity at least. IMO DYOR this is not advice. | 1ajm | |
17/9/2024 10:45 | An exact 20,500 boe/d average production required from Sep to Dec to meet 2024 low guidance / I updated from prior revised down Mid-Guidance. JSE Share Price -> 28.00p Brent Current Price -> $72.50 JSE Current Share Price vs 52 Week low of 23p on 9 Feb 24 -> 21.74% JSE Current Share Price vs 52 Week High of 39p on 5 Dec 23 -> 39.29% Shares Outstanding -> 540,817,144 GBPUSD -> 1.3200 JSE 2024 Production Mid-Guidance Revised Down July 24 (18,500-20,000 Boe/d) -> 19,250 JSE YTD Average Production To End August -> 17,500 JSE Sep to Dec 2024 Min Production To Meet 2024 LOW Guidance Taking Into Account YTD Avg Prod Till End August 24-> 20,500 JSE Production Average for 2023 (Montara Curtailed for a period) -> 13,800 JSE Production Average for 2022 (Montara Curtailed for a period) -> 11,487 Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) -> NA Cash (USD) -> NA Net Debt (USD) 31 Aug 24 -> $94,600,000 Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility) -> $140,400,000 Market Cap (GBP) -> £151,428,800 Market Cap (USD) -> $199,886,016 ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $294,486,016 EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $15,298 EV/Barrel(USD) YTD Average Production To End August -> $16,828 EV/Barrel(USD) Projected Sep to Dec Average Production To Meet 2024 Low-Guidance-> $14,365 JSE Decommissioning Expense Provision i.e. Asset Restoration Liability per HY 2024 Results -> $682,915,000 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] -> $42,496 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 -> $3.94 EV(Including Decommissioning Costs)/2P -> $13.07 | ashkv | |
17/9/2024 10:41 | The £200m of losses over the last 2 years have been the direct result of the complete mismanagement and poor communication of the FPSO Montara Venture's Class inspection, planned maintenance and repair/remediation issues. To be paying $1m a month ($32k/d) to charter an LR1 shuttle tanker during the last two years is yet further evidence as to how ill equipped the Executive management are to successfully handle operations outside their core area of O&G sector expertise. If only they had taken the advice offered 4 years ago to secure a sale and long term leaseback of Montara Venture to a shipping sector FPSO specialist like BW Offshore. When I asked the CEO and FD in 2020 how long they expected to retain the IMO 2020 Stag premium(which had increased from an $8/bbl discount to Brent to a $10-$15/bbl premium), they said their research suggested 6 months. I suggested they talk to some shipping industry professionals, as we expect it to be for a minimum of 10 years through to IMO 2030, and probably long beyond that date. Frustratingly, after being invested here for 6 years and at one point in time being over 300% up prior to the FPSO debacle, the investment is now 30% underwater. Management hubris has clearly played a leading role in the still ongoing debacle that is 'Montara Venture' over the past two years - its time the Board, and in particular Paul Blakeley accepted this and demonstrated some accountability to shareholders who have seen a large 8 figure sum transfer from their funds into his bank account over the last 6 years in return for a totally unacceptable level of performance. AIMHO/DYOR | mount teide | |
17/9/2024 09:00 | Montara savings of $1m per month on shuttle tanker, which on 6000bpd, is $5 a barrel. Malaysia is where the focus should be, the SW feature on PM323 contains 15 million barrels and will need a number of wells to drain the structure. Group production today circa 20,000, without Akatara. The market is unconvinced with a lower oil price Blakeley can make a return for shareholders. | pughman | |
17/9/2024 08:37 | at some point bad luck ends and incompetence kicks in .... very close, but not there yet ... 1H 2025 results will be the decision time for me | kaos3 | |
17/9/2024 08:36 | Am on the conference call - PB seems very uncertain, garbled and lacking iron-clad confidence in future outlook. | yasx | |
17/9/2024 08:30 | Stemis Precisely. | yasx | |
17/9/2024 08:30 | If you don't like it, why stay here? | fardels bear | |
17/9/2024 08:23 | It's okay to talk about production numbers, reserves etc but the problem here is JSE's apparent inability to make any money from it's assets. Balance sheet is now down to £9.6m, having made losses of over £200m in the last 2 years. | stemis | |
17/9/2024 08:01 | Is Akatara going to bring them into profit in H2. | 11_percent | |
17/9/2024 07:57 | Won't be in H2 though, will it. We've come through the bad times. Things are gonna get better. | fardels bear | |
17/9/2024 07:56 | The mkt price for gas is less than half the contract price So price they are receiving for aktara seems pretty good | trawl | |
17/9/2024 07:53 | # Net loss after tax in H1 2024 of US$31.1 million (H1 2023: US$59.9 million net loss); Still a loss. | 11_percent | |
17/9/2024 07:34 | Why are some moaning about Akatara, it's a brand new facility of which you always get teething issues. I'm sure these will be ironed out in the coming months with JSE bearing no cost... | celeritas | |
17/9/2024 07:29 | Yet again, an underwhelming set of results. PB always manages to find problems after promising solutions. It needs a more capable hand to steer this ship from troubled waters. | yasx | |
17/9/2024 07:27 | Akatara won't feature until full year results. | celeritas | |
17/9/2024 07:26 | Or with a glass half full - the gas realised price is 16% higher than the equivalent period in 2023 - fact | croasdalelfc | |
17/9/2024 07:23 | $18.2m less in decomm contributions compared to the original forecast $102m - that's a nice win | croasdalelfc | |
17/9/2024 07:18 | and it makes a record low gas price achieved in all my gas related investments worldwide to think positive - there is a room for improvement and the future is brighter | kaos3 | |
17/9/2024 07:17 | As far as you know? These are H1 results, with no Akatara, which came on stream after the reporting period ended. How can you be so definite in your condemnation of some gas prices I don't see in the RNS and yet get the basic reporting period hopelessly wrong? | fardels bear | |
17/9/2024 07:15 | Ffs that is for the PM offshore assets - not the Akatara onshore assets which are contracted at $5.6/mcf | croasdalelfc | |
17/9/2024 06:57 | that is for atakara which came onstream after the reported period as far as i know but exactly makes a point of my surprise how is that even possible..... there could be rational explanation - otherwise i am getting bad feeling about their operational abilities. montara, this gas price, glitches at atakara - and surprise - they have nothing to do with none of these problems | kaos3 |
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