Jadestone Energy Share Discussion Threads

[winnet] 02/6/2025 08:13:54

Did we need this role? Thought the Chair was doing a good job TBH!

[nigelpm] 02/6/2025 07:58:39

Correct. Net debt is always at a point in time. I don't think anyone was arguing otherwise.

[controlledmadness] 02/6/2025 07:42:23

Just back from vacation and read the discussion about net debt. So thought I would add my 2 cents worth.
What seems to have been forgotten is that while there is a delay in payment and the report includes the OPEX for the 520000 the OPEX is continuing to add up after the report. So on the day the money is received there will be added OPEX to be deducted and hence net debt will be reduced but will increase until the next load is paid for.
Its a cycle and you cannot take the payment out of context.

[nigelpm] 02/6/2025 07:19:13

Very decent CEO appointment. Nice work.

[nigelpm] 30/5/2025 08:40:30

Still treading water here. Not sure what to think really. Stemis summed it up very well a while back. Equity was being eroded. Market totally in agreement. Position very much under review.

[oilinvestoral] 23/5/2025 16:30:12

I haven't posted on here for about 10 days. Made the mistake of correcting the point that 520,000 bbls DOES NOT put Net debt close to ZERO only to be referred to as being part of some duumverate of doom! Very rational! Anyway I'll leave you too it ! Jadestone to £5

[fireplace22] 23/5/2025 16:17:09

It would be good if posters only reply to the content of any particular post and not advance comments on the poster.

[nigelpm] 23/5/2025 16:11:44

but you’ve been prattling on non stop.

Quite. painful isn't it.

[fardels bear] 23/5/2025 16:10:27

Immediately jumped on? That's the kind of language that I'm used to from you now. I haven't immediately jumped on anybody. I'm not posted on here for days if not weeks but you've been prattling on non stop.

[nigelpm] 23/5/2025 16:00:24

A reminder of what I actually said as someone seems unable to read:


That's c. $39m of effective cash which puts net debt close to zero.

[oilinvestoral] 23/5/2025 13:41:30

Classic ADVFN though. Any nuance or slightly opposing opinion is immediately jumped on. This is what throttles debate and turns BBs into telegram groups where people are removed for correcting a blatantly wrong / incorrect post.

[oilinvestoral] 23/5/2025 13:28:34

I'm positive on Jadestone as the post copied from Twitter by the PM recently indicated. I'm simply "correcting the we will be debt free when we sell the oil stock" narrative. I hope that's not too offensive

[fardels bear] 23/5/2025 13:21:37

I see the duumverate of doom are still trying to outdo each other.

[winnet] 23/5/2025 12:52:34

Pughman, yes, the profit on Stag/Montara is terrible, but the point still stands: They've already declared most of the opex. The other point is that some of that inventory will be from other assets, albeit a smaller %

[oilinvestoral] 23/5/2025 12:41:36

Puhman , You raise a point that was made by one of the analysts at the call. They mentioned that Most of the 270m-360m FCF will be made in 2027 and late 2026 for the exact reasons you stated.

[pughman] 23/5/2025 12:38:39

All the inventory oil is from Stag and Montara, at these prices they've made diddly squat. I don't see any meaningful decline in net debt for the next year, with Skua to come and Malaysia planned for H1 26, which will cost $40m.

[oilinvestoral] 23/5/2025 12:30:37

Fully agree Winnet. But net debt will be nowhere near zero with that sale as the accountant stated. Which was the actual point that was missed

[nigelpm] 23/5/2025 12:10:39

Yup - of course there will be some costs still in the ledger to be paid but at a simple level somewhere around $40m will be received shortly.

[winnet] 23/5/2025 11:31:33

Well, shall we guess what the net profit number is on the inventory...

I would imagine the OPEX is already accounted for and hence declared.

[oilinvestoral] 23/5/2025 09:34:57

"which puts net debt close to zero." No it doesn't ! That's the point being made! Which has clearly been missed .

[nigelpm] 22/5/2025 21:48:56

I think an obvious point has been missed there. Of course there are costs associated with the revenue generation of 520k bbls. However, in terms of receipt of cash for the barrels - that isn't in the 30 April net debt number. That's the point.

[oilinvestoral] 22/5/2025 15:46:57

Re debt reduction: net debt reduced by just over 10 million if you exclude the exceptional contribution from Sinphuhorm sale.

All things being equal (oil price circa 70) and assuming no more disposals, I expect that we will become net cash around Q2 2026. I listened into the call and the new team (ex CFO) is very impressive. The Akatara de-bottle necking project adjustment seems to be a decent value add.

[oilinvestoral] 22/5/2025 15:35:52

It’s very worrying when people don’t know the difference between revenues & cashflow !

The 520,000 bbls in stock will categorically NOT generate “$39 million in effective cash” but rather generate $39 million worth of revenue!! There are storage , transportation , handling and marketing costs! The cash generated by those bbls will be SUBSTANTIALLY LESS than $39 million! Anyway let’s not let the facts get in the way of a good ramp !

[s34icknote] 21/5/2025 10:42:21

Just bought some showing as a sell !