Jadestone Energy Share Discussion Threads

[fardels bear] 30/9/2024 13:44

This video is unavailable.

[winnet] 30/9/2024 12:20

hxxps://youtu.be/eH65x3WNI9o

Right, which poster is Bernard?

[nigelpm] 27/9/2024 17:57

Can't be far away from full sales from akatara so could be smart buying.

[lord gnome] 27/9/2024 17:14

Late trade print from 15.17. Someone took 500,000 at 26.5p. Hopefully this will be back up on Monday. The offer didn't stay sub 26p for long.

[sea7] 27/9/2024 15:08

someone is busy - 900,000 shares bought in six tranches in the last hour or so.
prices these trades are printing at, are the same that I have been quoted to buy all day.

[kaos3] 27/9/2024 11:26

that is me. thank you FB

[fardels bear] 27/9/2024 11:20

Gobbledook

[lord gnome] 27/9/2024 09:45

Less than 26p to buy if anyone wants a top up. Just added a few more to help out the sellers. Most of today's trades are buys, but showing as sells because the price is well below the midpoint.

[kaos3] 27/9/2024 09:06

FB
* from the last report realised gas prices /copy paste/

........realised gas price per thousand standard cubic feet

(US$/mscf)
1.64
1.41
1.53...............

* i stated MY remark is idiotic - not anybody else, eg not people. would be rude

* as a response to the units statement /copy paste/ from above

....I interpreted that to mean $1/MMBtu (not mmcf, sorry) - natural gas is heading towards $3 currently (Henry Bug) - obviously higher in Asia.....


i hope that helps

[fardels bear] 27/9/2024 08:50

But it's probably not the same unit and our units are being sold at $5.60. Not $1.50.Go pull some leeks and reflect that if anybody's gonna call people idiotic it'll be me.

[kaos3] 27/9/2024 08:13

in my gardening mind - we are selling a unit of gas for cca 1,5 USD produced, so same unit can not be 1 USD in the soil. factor of multplication is in 10s even 100

just an idiot remark

whole asset for 1 usd means there are hidden liabilities there which i am not aware of

is decomissioning not being fully paid on the go as part of opex... so it can not be that

[king suarez] 27/9/2024 07:13

You could be right guys, maybe he meant for Shell to take it off his hands for nothing to avoid any decom costs. I should have pressed him on that...

You'd like to think some kind of small royalty on production could be agreed, but I guess depends how hardball Shell play over it. Would seem a shame to let a resource that potential size go for 'nothing'?

[dunderheed] 27/9/2024 06:14

Yes I've got to admit I interpreted it as that but KS would know better ie as a dollar for the asset. Shell will push for a tough deal unless they are desperate for the gas and whilst that could be the case, who knows what is in their strategic plans? IMHO.

[fireplace22] 27/9/2024 05:18

KS, Naive and probably totally wrong maybe but I interpreted it as the whole resource, JSE finish with the oil, no way out (to them) for the gas, ultimately free decom by Shell?
Free of decom, if that were the case, why wouldn't they sell now if they could get $400M and get out of Montara?

[fardels bear] 26/9/2024 11:46

Seems like the bargain of the century.

[king suarez] 26/9/2024 10:57

OK - maybe I am mixing up measures here. Paul said "give me a dollar for it!".

I interpreted that to mean $1/MMBtu (not mmcf, sorry) - natural gas is heading towards $3 currently (Henry Bug) - obviously higher in Asia.

Paul wants to sell Montara gas to Shell, rather than develop it, so he's saying give me a dollar/MMBtu today for Montara gas and he's happy.

If am I right, and he can prove up 300-500bcf that is $300-$500m potentially? more than twice the current market cap - is that achievable by 2030 end of Montara life? who knows, half that would still be a stellar result with zero development risk?

[king suarez] 26/9/2024 08:17

"Did I not read also that he would sell Montara for £1 to Shell when the time comes?"

That was in reference to the gas - I presume he meant $1/mmcf for the resource!?

[fireplace22] 26/9/2024 06:38

Did I not read also that he would sell Montara for £1 to Shell when the time comes?

[king suarez] 26/9/2024 06:35

Paul did say to me he expects the next infill (sidetrack) well at Montara to be very productive and get production back closer towards the 10k the field has produced in the past. That remains to be seen I guess, but would help a lot!

[mount teide] 26/9/2024 00:02

Hi KS - 'It's essentially a 62% increase from 2021 to 2024, which then drops back somewhat - 2024 looking like a bit of an exception?'

Good of IR to confirm in some detail that due to the need to carry out a significantly enhanced level of inspection, maintenance and repairs on the FPSO over the past two years, this resulted in a major step change increase in OPEX/bbl.

And that the permanent uplift in the standard of Class inspection and maintenance on the FPSO and production platform from 2024 onwards, should see the OPEX/bbl in 2025 and beyond stabilise at around $50/bbl, twice that of 2021.....with the second most significant element of this cost increase per barrel being from production falling by around 33% to 5,000 bopd.

Getting OPEX back down down to an ongoing $95m a year in 2025 - would see OPEX/bbl drop to circa $52.2/bbl for 5,000 bopd, $49.7/bbl for 5,250 bopd and, $47.5/bbl for 5,500 bopd.

At $75 oil, still relatively expensive compared to CWLH and PENMAL but, it should enable the asset to continue to make a modest ongoing contribution through to the end of its commercial life in 2030.

Sadly, while the events of the last 2 years mean Montara's days of being the principle cash cow are now over, there is probably a reasonable prospect of receiving an offer from Shell for the asset during the next few years.....which would surely be the optimum exit solution for shareholders, battered and bruised from the poor management of the asset over the last two years.

[pughman] 25/9/2024 22:15

If only the opex for Stag was $60 a barrel. At least Montara is coming out of Intensive Care, whereas Stag is receiving the last rites. Company OPEX guidance for Stag in 24 was $70m, which for the 1921 bpd produced in H1 costs JSE $100 a barrel. 2025 onwards OPEX drops to $60m p/a. Management banging on about the great premium Stag receives disguises what a drag on group profitability its become.

[king suarez] 25/9/2024 21:50

Hi MT,

The way I'm reading it is IR are saying the following for Montara:

2021 - operating costs $74m
2022 - operating costs $95m
2023 - operating costs $95m
2024 - operating costs $120m
2025 onwards - operating costs $95m

It's essentially a 62% increase from 2021 to 2024, which then drops back somewhat - 2024 looking like a bit of an exception?

Is there anything else I can ask by way of further clarification?

Edit: just got an out of office, so we may not hear back until next week as Phil C is off till 30 Sept