Jadestone Energy Share Discussion Threads

[spangle93] 13/6/2025 09:34:51

But there's still only 1 s/t in the plan shown in 23765

[sea7] 13/6/2025 09:34:42

yes - all in 82 metres of water

[nigelpm] 13/6/2025 09:30:18

Quite the plan - having spent a reasonable period behind the scenes at oil companies that is indeed the part that investors really fail to understand - quite how complex this is.

[sea7] 13/6/2025 09:16:19

If you look at the drilling environment plan, it does show the following..



Page 27

• Drill 406 mm (16 in) hole open water.
• Drill 311 mm (12¼ in) hole.
• Drill 216 mm (8½ in) hole to well TD.

full drill plan..

• Mobilise MODU to field.
• Obtain permission to enter Skua 500 m (1,640 ft) zone.
• Position the MODU on location.
• Preload legs, jack up, skid cantilever into position.
• Remove corrosion cap from the subsea tree.
• Connect HP riser to subsea tree, install MODU BOP onto HP riser and pressure test.
• Recover the internal tree cap.
• Run in with 140 mm (5½ in) drill pipe and degas the A-annulus. Via the rig Mud Gas Separator.(or by
other means as specified in the MODU Safety Case Revision).
• Install the internal 178 mm (7 in) landing string complete with the universal running tool (URT).
• Install intervention pressure control equipment.
• Recover lower crown plug.
• Bullhead kill well.
• Install deep-set mechanical plug isolate the reservoir
• Cut the tubing above packer and recover SCSSV and 700 m of tubing
• Set a cement plug with remaining completion string to permanently abandon the reservoir.
• Verify cement plug. Release sacrificial stinger, retrieve drill pipe to surface
• Penetrate 244 mm (9⅝ in) and degas B-annulus.
• Pull riser and rack back BOP.
• Dual Cut 244 mm (9⅝ in) casing and 340 mm (13⅜ in) casing.
• Pull 244 mm (9⅝ in) seal assembly.
• Recover 244 mm (9⅝ in) casing.
• Recover 340 mm (13⅜ in) casing with high-pressure well head housing (HPWHH).
• Set kick-off plug.
• Drill 406 mm (16 in) hole open water.
• Run and cement 340 mm (13⅜ in) casing.
• Run riser and BOP.
• Make up to HPWHH.
• Drill 311 mm (12¼ in) hole.
• Run and cement 244 mm (9⅝ in) casing.
• Drill 216 mm (8½ in) hole to well TD.
• Install sand screens and lower completion with deep barrier.
• Wellbore clean up.
• Install temporary suspension packer
• Recover HP riser and BOP.
• Install subsea tree, riser and BOP.
• Run landing string.
• Run upper completion.
• Recover landing string.
• Pull riser and rack back BOP.
• Rig demobilisation, including retracting the cantilever and jacking-down.

[fardels bear] 13/6/2025 08:52:34

Are you sure you've read that chart correctly?There seem to be three bore holes at Skua 11 with different start date dating back to the middle of May 23 of May and the last one ST3 on the 11th of June as you said.I'm not sure how to interpret that but I think it needs some interpretation

[oilinvestoral] 13/6/2025 08:37:39

Oh NO!!!! Thanks for sharing Sea7 and for keeping a close tab on this! I needed this like a hole in the head!

[sea7] 13/6/2025 08:32:44

Neats portal shows Jadestone kick off date for SKUA11 ST3 as 11/6/2025

[lawson27] 13/6/2025 08:05:18

Good start here, GLA

[forrest1987] 13/6/2025 06:10:16

Oil soaring should be an interesting day

[winnet] 12/6/2025 08:15:49

action yesterday says to me days not weeks... Just my uninformed opinion.

[sea7] 12/6/2025 08:03:21

yep, thanks OI - another couple of weeks would seem appropriate

[oilinvestoral] 12/6/2025 07:59:24

That's my understanding Sea 7. Reading between the lines on the date of the annual results they had managed to plug the original well , cut the tubing and recover the existing completion. So that ties in with the 25th May date which you posted for commencing the new sidetrack. 3 weeks to drill, run casing / liner then run and test completion is probably asking too much (specially on a subsea well).

[sea7] 12/6/2025 07:51:51

Sounds about right OI

The info on NEATS Well data shows the kick off dates for SKUA11 ST1 being 13th May 2025 and SKUA11 ST2 being 25th May 2025. It indicates borehole status as in progress.

[oilinvestoral] 11/6/2025 17:27:58

Dcarn


May be a little early for a "gusher".


Adel Chaouch on 20th May: "The well will take longer than originally planned to execute largely due to events outside our control. With unusually late seasonal weather offshore Western Australia in April which past directly over the montara assets. This meant downmanning both rig and montara for a period. Since up-manning the rig, we have seen good progress. We expect the well to be online end of next month late in June"


I'm expecting the results in another 10 days to a couple of weeks give or take.

[dcarn] 11/6/2025 14:24:39

Saying that, the oil price will also be helping, up 2% so far today.

[dcarn] 11/6/2025 14:20:11

We must have a gusher.

[fardels bear] 11/6/2025 13:58:07

I still reckon it's a leaky Nigel

[nigelpm] 11/6/2025 13:30:59

Looks like more institutions being cleared out. Probably at the bottom.

[lawson27] 11/6/2025 13:04:15

Joined you for a few @21s, charts looking primed, GLA

[sea7] 11/6/2025 12:27:26

4,444,444 share trade printed at 21p

[nigelpm] 10/6/2025 15:34:28

a 400k will definitely be a non-MM trade i.e. both buy/sell - obviously depends on who initiated it.

[sea7] 10/6/2025 15:12:57

Decent 400k share buy at 21.25 gone through

[sea7] 10/6/2025 13:57:50

I note that end of may 31st Major shareholders updated on JSE website

bailiie gifford is now down to 6.87% from 6.91%
hargreaves down to 4.14% from 4.21%

all others unchanged

[yasx] 09/6/2025 13:49:50

I see no basis for a raise at this point.