Jadestone Energy Share Discussion Threads

[kaos3] 16/4/2025 09:47:19

market has spoken and decided the debate
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i would imagine they will put money into even better IRR project. so which is it....

they really do not tell us in specific terms, so i agree they just simply need money. harvesting the work of the previous leader /a fact/ and reporting brilliant return and put their own signature bellow.

lets see what innovative eg new project they bring to the table - not just dilligently manage the projects created by the previous manager

[dunderheed] 16/4/2025 09:46:56

OiA, don't disagree re your comments but if they'd been able to sell Montara or Stag then I'd have been extremely "happy" (deliriously so!).
It's a bit left field and unexpected but I still think it's a reasonable deal, as it allows us some much needed cash for BS during what could be difficult times ahead and wouldn't want to be at the behest of potential further restructuring, in these very weird times? IMHO.

[rogen83] 16/4/2025 08:13:56

“Being sold into”. It’s an AIM stock. It takes £10 worth of shares to move it up or down. Just because you’ve done your conkers on buying high doesn’t mean everyone on here has made the same mistake.

[forrest1987] 16/4/2025 08:10:28

Being sold into

Share price still 1p off ipo and a mess imho

[nigelpm] 16/4/2025 08:02:45

Yup. The supposed oil industry expert showing himself up here.

[rogen83] 16/4/2025 07:57:49

Exxon sold for $7.7 per barrel. Jadestone $10.1 per barrel. An IRR >40% since they purchased it. Anyone saying it’s a bad deal is just highlighting how thick they are on a public forum

[croasdalelfc] 16/4/2025 07:55:06

This was the previous asset sale by Exxon - not chevron - to Horizon oil and another hTTps://hzn2.live.irmau.com/site/pdf/a5f95d3a-a84d-47f8-b90e-c6e773066e3c/Interest-acquisition-of-Sinphuhorm-and-Nam-Phong-gas-fields.pdf

[bradvert] 16/4/2025 07:48:15

They received 7.5M USD in dividends in the 12 months to June 2024 for Sinphuhorm.On the face of it 39M proceeds not great.. sounds like they need cash rather than the strategic guff proffered.

[dunderheed] 16/4/2025 07:42:25

It's a good asset but the divestment is the right thing at this time, IMHO, compared to respective market cap of course!

[forrest1987] 16/4/2025 07:38:06

Focus on core areas, montara and the rest

lol they sold the best one

[lauders] 16/4/2025 07:31:05

I used to hold JSE but sold my shares many years ago. One decision that seems right at present. Don't get many right! Anyway, I do hold PTTEP shares and the dividends have been good over the years. Thought some may be interested in the news release from them relating to the JSE RNS today:

[croasdalelfc] 16/4/2025 07:25:48

They paid $26m 2 years ago . And Chevron recently sold their remaining share to a third party. I guess JSE strategy shift meant they weren't interested.They got an annual dividend rather than part take in the usual operatorship plus partners.

[oilinvestoral] 16/4/2025 07:14:40

Not sure I like this ! This was one of the Crown Jewels . I would've preferred more of it (not less)

[dunderheed] 16/4/2025 07:06:23

That's a good deal, IMHO.

[forrest1987] 15/4/2025 19:19:05

They could use the worthless share paper to block the pipelines

[forrest1987] 15/4/2025 19:04:32

So
It’s going down more then

T
I
M
B
E
R


What’s jadestones compound performance since ipo


You may as well have invested in the fav at the 3.50 at Kempton


What’s the point of jade stone energy

[oilinvestoral] 15/4/2025 19:00:06

I'm not sure your understanding re the gas is accurate. With regards to who is responsible for decomm, that is Jadestone Energy. The FPSO is a negligible part of the story as that will sail into the sunset! Decommissioning subsea wells ain't cheap. The other significant part is the subsea infrastructure (pipelines & manifolds etc) that needs to be purged, isolated , discontented and dealt with. With regards to "when" this is expected: montara COP is currently penciled in for 2031. That will probably be extended assuming a successful SKUA11. However a low oil price or high OPEX have to he potential to speed up the COP date.

[forrest1987] 15/4/2025 18:53:38

Everyone selling now is selling at a heavy loss

What’s the compound rate of return

[fireplace22] 15/4/2025 18:44:40

When Montara is done, I understand it goes to shell (at nominal cost) to recover the gas, do we have an time guestimate when this is expected and who's responsibility it will be to decommission the oil side of things? I'm guessing the FPSO will no longer be required?

[oilinvestoral] 15/4/2025 18:02:32

Very valid points Pughman! However what I would say is that they are working on reducing the OPEX across both assets. SKUA 11 isn't just about kicking the can down the road. It significantly reduces the OPEX per barrel as the OPEX figure is spread across an additional 3,500 bbls +! But even if we agree about the "kicking the can down the road" point , that prevents early crystallisation of the decomm liabilities. The further they are pushed into the future , the more the liability is discounted. Re the cost of the well ; I totally agree that it's expensive but that's the cost of doing business in Australia. These subsea operations tend to be expensive. What I would highlight though is : the project has an IRR of 65% , so that's not too shabby at all (assuming it delivers as prognosed).

[pughman] 15/4/2025 17:49:18

JSE will spend $62m on Skua, which just kicks the can down the road for 18 months. Look at the $60m Stag infill in late 22, to where production is today. Akatara, Malaysia, Sinphu are all low cost, and CWLH OPEX per barrel is in the mid 20's. All the data I've seen points to investing in Indonesia, Malaysia and Vietnam. The $130 million opex for Montara and Stag in 2025, plus $62m CAPEX for Skua will produce a pitiful return this year. If that $192m was invested in low cost SE Asian countries with accomodating regulators, the future wouldn't be so uncertain. Until Montara and Stag are dealt with, the bad outweighs the good here.

[oilinvestoral] 15/4/2025 16:34:41

Agreed TGM ! Akatara CAPEX has been a millstone around our necks and Montra clusterfork couldn't have come at a worse time. Right now we will be reaping the rewards of the Akatara cost pools which from memory are around 140m? So should recoup a lot of the money spent on Akatara sooner rather than later.The big pink elephant in the room is now OPEX specifically at Stagg & Montara. This issue is exacerbated in a low price oil environment. They need to get a handle on this ASAFP. SKUA11 is the first step to this along with the cost reduction initiative which is ongoing.