Jadestone Energy Share Discussion Threads

[spangle93] 20/5/2025 07:56:44

11_percent 20 May '25 - 07:33 - 23673
"# 10% reduction in adjusted unit operating costs in 2024 to US$33.68/boe (2023: US$37.24/boe)"

Cost/boe has fallen, yes, but costs themselves rose.

Also, cost/boe is stretching the equivalence part of "barrel of oil equivalence". It makes year on year comparisons possible, for sure.

But if you swing from an oil-rich production stream to one in which gas forms a higher portion, drawing a firm conclusion is a bit shonky.

Also, if you used economic, rather than calorific, equivalence, the cost/boe number would be higher.

[nigelpm] 20/5/2025 07:41:29

Very helpful putting the cash balance at 30 April but it does then have me asking if the cash balance at 30 April includes the receipt from PTTEP:


On 16 April 2025, the Group announced that it had sold its Thailand interests to a subsidiary of PTTEP, the Thailand national oil and gas company, for a cash consideration of US$39.4 million, with a further US$3.5 million in contingent payments depending on future license extensions.

One could assume the cash has been received as at 30 April or it's still on the debtor ledger.


PB did well!

During the year, there was compensation for loss of office amounting to US$2.3 million, plus, US$0.2 million of payroll tax for the departure of the former CEO, Mr A. Paul Blakeley. These amounts were accrued in 2024 and paid in 2025.

[11_percent] 20/5/2025 07:34:32

nigelpm,

Yes...I am all for it.......buy back some share and support the share price

[11_percent] 20/5/2025 07:33:09

# 10% reduction in adjusted unit operating costs in 2024 to US$33.68/boe (2023: US$37.24/boe)

Getting costs down.......and thats on the 2024 production... "Delivered record annual production of 18,696 boe/d in 2024 (+35% year-on-year)."

Should be down more with ........"year-to-date 2025, with production for the first four months of 2025 averaging 20,830 boe/d".

[nigelpm] 20/5/2025 07:31:18

Certain of Jadestone's shareholders have requested that the Company seek authority to repurchase shares at the 2025 AGM on 20 June 2025.


Would be great business to be buying in the low 20's vs a load of issuance at 45p - that's for sure.

[11_percent] 20/5/2025 07:26:35

Hi guys.....wakey, wakey, hands off shakey.....RNS out.

[11_percent] 20/5/2025 07:24:37

¡ 2025 average production of 18-21,000 boe/d (post Sinphuhorm sale).

Seems a bit of a wide range.......but so far this year we are at the top of it.

"year-to-date 2025, with production for the first four months of 2025 averaging 20,830 boe/d, a 22% increase year-on-year and an annual record for this period."

[11_percent] 20/5/2025 07:04:20

Looks ok.


Current trading and outlook - a strong start to 2025

l Strong portfolio performance year-to-date 2025, with production for the first four months of 2025 averaging 20,830 boe/d, a 22% increase year-on-year and an annual record for this period.

¡ Akatara has delivered robust performance year-to-date in 2025, with gross production averaging approximately 6,200 boe/d and 96% facilities uptime, both ahead of plan.

l All guidance metrics unchanged:

¡ 2025 average production of 18-21,000 boe/d (post Sinphuhorm sale).

¡ 2025 operating costs of US$250-300 million.

¡ 2025 capital expenditure of US$75-95 million.

¡ 2025-2027 free cash flow (pre debt servicing) guidance[1] of US$270-360 million.

l Active portfolio management with the sale of the Group's non-operated Thailand assets in April 2025 for an upfront consideration of US$39.4 million and contingent payments of US$3.5 million.



l Submission of the field development plan for the commercialization of the Nam Du/U Minh (NDUM) discoveries offshore southwest Vietnam to Petrovietnam, commencing the regulatory approval process.

l Skua-11ST well operations ongoing, to accelerate recovery of reserves from the Skua structure and extending the economic life of the Montara field by one year. Results expected in June 2025.

l Debottlenecking project at Akatara progressing, accelerating the commercialization of up 3.5 mmboe of reserves.

l In line with previous announcements, Jadestone has been reviewing its organizational and cost structure, with the aim of ensuring that the Group is run as efficiently as possible and enhancing its resilience to oil price cycles, while maintaining the highest safety standards. As part of this review, the Group will reduce the headcount of its Australian onshore office in Perth by approximately 25%. The targeted headcount reductions do not impact the Group's offshore Australia workforce. Jadestone's Australian asset portfolio remains a core focus for the Group and its growth ambitions.

l The Group continues to explore strategic acquisition opportunities to drive value and deliver scalable growth.

[nigelpm] 15/5/2025 14:12:22

Let's make this board where all views and opinions are welcome, even if there are disagreements, let's not make it personal.

Couldn't agree more. I'd take this opportunity to apologise for using the word "drivel" - not my usual - must have been having a bad day.

[winnet] 15/5/2025 13:59:20

It’s very admirable how highly you view him. Shame he didn’t offer you or your opinion the same courtesy in Post 23,388…

---

I've got thick skin! My remark applies to him, as it does anyone else.

[oilinvestoral] 15/5/2025 13:01:02

He say posting about another contributor ! Oh the irony! Filtered as suggested! Cheers

[oilinvestoral] 15/5/2025 12:36:48

Good I idea Winnet. What happens if the person filtered here starts stalking on Twitter until he gets blocked there as well? What happens if he continues his stalking by replying to every post I make? It's very admirable how highly you view him. Shame he didn't offer you or your opinion the same courtesy in Post 23,388...

[winnet] 15/5/2025 12:22:46

Nigel has been on this BB since I joined. Let's make this board where all views and opinions are welcome, even if there are disagreements, let's not make it personal. If you don't like his posts, just use the filter button.

[oilinvestoral] 15/5/2025 10:16:53

I think you are being too kind with your description Yasx! The 9 BBs that I post on make up more than 75% of my ISA. He only holds 2 of those shares and yet goes around following me around like a bad smell replying to all my posts hoping that would unfilter him. Did he not post that he will no longer engage on post 23,564 ? That did not last long ! Did it ? He should find a hobby ! I hear golf is good for those in their late 60s! I wish him well but I'm not interested.

[yasx] 15/5/2025 10:07:49

Nigel is persistent - like a toothache, he keeps reappearing.

[fireplace22] 15/5/2025 09:14:29

Thank you Confucius! :-)

[graham86] 15/5/2025 09:09:20

9 different BBs.dont let life pass you by!

[oilinvestoral] 14/5/2025 21:22:00

Someone who is filtered who shall remain nameless is twerking for my attention again and replying to all my posts on 9 different BBs. I had some good news today , so a gesture of good will, if he promises to be less pugnacious, I'll take him out of the filter bin for a 48 hour trial period. Let's see …

[nigelpm] 14/5/2025 21:16:57

It was in the RNS:

In parallel with strengthening the balance sheet, we continue to focus on maximizing the Group's longer-term performance, value generation and resilience. We will do this through delivering safe and reliable operations at the lowest possible cost, extending the economic lives of our assets and making them more resilient to the oil price cycle.

[oilinvestoral] 14/5/2025 20:33:28

Good post MT! I know first hand that they are working hard beyond what’s written on the RNS to reduce costs. If they can get it even close to the figures you mention, they would've done very well. I'm cautious that there are a high proportion of fixed costs that can only be reduced on a per bbl basis if you produce more oil (hopefully SKUA11 does the trick)!

[nigelpm] 14/5/2025 20:06:31

The bit that ignores in my view winnet is Tyrus - they loved JSE at 40p so why not take it out at 35p?

[oilinvestoral] 14/5/2025 16:18:06

Well I'm a bit more positive than you Winnet. So we shall agree to disagree on that. The results may be poor but they have been well telegraphed to the market. Unless there is some hidden new nasty that we have not been made aware off , I expect things to improve as the year progresses. My only worry is the low oil price this year may hamper the profitability of the more costly Australian assets. We shall see.

[winnet] 14/5/2025 16:05:16

I think you missed my point. I expect that the share price will be poor for some time [how poor - who knows, but we both agree results will be poor and the logical follow on is the share price isn't going to the moon anytime soon]. A small dividend would act as a sop to us LTH that have held this dog for years.

[oilinvestoral] 14/5/2025 15:26:16

Winnet, So just to be clear you've gone from dividends "bridging returns to shareholders" to expecting the share price to be punished due to poor results all in the space of 48 hours ! Thanks for that. I appreciate the experienced view point.