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JSE Jadestone Energy Plc

25.25
0.25 (1.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
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
  0.25 1.00% 25.25 25.00 25.50 25.25 25.25 25.25 906,433 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.50 135.2M
Jadestone Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 25p. Over the last year, Jadestone Energy shares have traded in a share price range of 23.00p to 39.00p.

Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £135.20 million. Jadestone Energy has a price to earnings ratio (PE ratio) of -1.50.

Jadestone Energy Share Discussion Threads

Showing 22476 to 22498 of 22950 messages
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DateSubjectAuthorDiscuss
18/9/2024
12:58
same thoughts yasx ... happened too many times. just after all is set and before the free cash flow starts we get a 30 pc premium and a goodby

timing is always the same ... after all is invested and running but before the free cash flow starts. it usually is also the lowest sp

and here we are

kaos3
18/9/2024
12:55
One potential cause for concern is (as I have stated previously) the intention of Tyrus and Co - perhaps a bleak picture suits them to take the entire business at some stage?

Not stating that with any degree of confidence, but it is worth bearing in mind.

yasx
18/9/2024
12:15
Messers Neuhauser and Waldner will be seriously down on their investment in JSE and I imagine they will have some grown up conversations about the future of this business. Is Blakley past his sell-by date? They will be the ones to decide. Can't remember the last time JSE released some news and we managed to hold any gain. It's depressingly poor and the temptation is to cut and run.
winnet
18/9/2024
10:41
Let's not forget that Tyrus own 26.4% of the company with Board representation - plus Gunter Waldner, also with 26.4% and who is a director. These are both substantial investments that both shareholders will expect to come good, so we can probably take some comfort from the fact that they will be directing decision making along the right path. The share price decline is annoying, but the company is now in a more positive position than it has been for a long time.
puzzler2
18/9/2024
09:49
How ridiculous
fardels bear
18/9/2024
09:13
Blakeley needs to make a substantial share purchase, because punters are starting to throw the towel in.
pughman
18/9/2024
05:56
Not sure why no one pointed out that the payments for closing the wells and cleaning up will reduce in @H from 165 million to 18.5 million. That is an incrlease in profit of over 40 million.
controlledmadness
17/9/2024
22:54
That kind of says it all from the presentation.

Market just doesn't believe the story.

"Akatara NPV10 at 31.12.23 exceeds Jadestone’s current market
capitalisation"

nigelpm
17/9/2024
22:35
Exactly that. Back to work..
nigelpm
17/9/2024
21:27
Glad '0ne shareholders happy with JSE's performance ' Nigel,but then you preferred it when the shares were suspended, back to sleep for another six months.
e43
17/9/2024
21:18
Probably because back to the patience point investors with more capital tend to have a timeframe of longer than a few hours.
nigelpm
17/9/2024
20:22
Remains a mystery why major shareholders especially Tyrus Capital have been so lenient on PB.Smacks of too much cronyism in BOD's.
e43
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
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