Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Inc LSE:JSE London Ordinary Share CA46989Q1000 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.60 -0.85% 70.00 511,667 16:28:36
Bid Price Offer Price High Price Low Price Open Price
69.00 71.00 71.00 70.00 71.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 245.37 55.26 6.79 10.6 323
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:36 O 80 71.00 GBX

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Date Time Title Posts
14/1/202115:58Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture5,068
27/3/202015:24Jadestone Energy 201828
08/11/201808:39Still time to look at Jadestone Energy (JSE)-
23/9/200921:47JSE, A Neglected Gem46
15/9/200216:20Jo'burg prices8

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Jadestone Energy Daily Update: Jadestone Energy Inc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 70.60p.
Jadestone Energy Inc has a 4 week average price of 57p and a 12 week average price of 44.50p.
The 1 year high share price is 88p while the 1 year low share price is currently 28p.
There are currently 461,009,478 shares in issue and the average daily traded volume is 664,445 shares. The market capitalisation of Jadestone Energy Inc is £322,706,634.60.
mount teide: sp100 - its all 2020 JSE has hugely out performed the O&G market, including all the majors, recovering strongly to be much closer to its pre Covid19 high than the overwhelming majority of the oil industry; Change since pre Covid High -23% JSE -33% Shell -34% Exxon -40% BP -50% Enquest -80% Premier TXP has totally outperformed the market with daylight second as a result of its stunning success with the drill bit ..... without the Ortoire success, based on the performance of the legacy oil business, TXP's share price would probably now be close to or below the 7.25p IPO price. I intend to hold all my existing O&G positions for at least 3 years - the analysis below supports why that may be a very sound decision. The Oil Industry Is In Dire Need Of Investment - hTTps://
mount teide: Spot LNG pricing in SE Asia hit an all-time record today reaching a stratospheric $24 MMBtu (Equivalent to $151/bbl Brent), jumping over 10 fold since hitting a record low during the Covid peak in April. Japan's Jera bought a cargo on 6 January for delivery either in the second-half January or first-half February at $24 MMBtu, Further gains are expected in the near term. Some traders suggest that first-half February pricing could easily test the $30 MMBtu level, especially as Japan's power prices have soared on stronger-than-expected electricity demand for heating purposes because of colder-than-expected weather. Wholesale electricity prices in Japan hit an all-time high of ¥99.9/kWh on 7 January, more than seven times the average price of ¥13.93/kWh in December. A 'perfect storm' of strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability has combined to send northeast Asian spot LNG prices to record levels, just nine months after hitting record lows. This should concentrate the minds of the Energy Ministry in Vietnam, currently negotiating with Jadestone Energy for the supply of Nat Gas from Jadestone's SE Vietnam Nat Gas assets under a long term deal. LNG prices hit record as cargo shortage amplifies cold weather effect - FT 'Liquefied natural gas prices have jumped to their highest level on record as a severe cold snap in Asia boosts demand at a time when cargoes of the super-chilled fuel are hard to come by. Spot prices in Asia reached a record level of $20.705 MMBtu (Since beaten by other cargoes up to $24 MMBtu) on Thursday, according to an assessment of daily trading by S&P Global Platts, as traders and buyers in South Korea, Japan and China scrambled to secure supplies. That is more than a fourfold increase on where prices were trading in September. The market is generally stronger in winter as demand rises, but the size of the leap has still caught out some market participants. “What has triggered the rally is colder than normal weather in Asia and Europe and a complete lack of availability of LNG tankers while supply outages have really tightened up the market,” said Samer ;Mosis at S&P Global Platts. An unusually large number of cargoes have been heading to Asia from the US, tightening the availability of LNG tankers. Delays at the Panama Canal have also added at least two weeks to the round trip from the US Gulf Coast, while supplies from Qatar and Malaysia have been lower. Electricity and heating demand in Japan, one of the world’s largest importers of LNG, is even higher than during a normal cold spell because of a campaign to open windows to help combat spreading coronavirus indoors. “These spot prices may not last beyond March,” Mr Mosis added. “But it’s been a reminder that securing an additional spot cargo in the dead of winter can quickly become very expensive and is not always straightforward, especially if freight is not available.” LNG is one of the world’s fastest growing fuel sources as large Asian economies see it as a route to cutting their reliance on more highly polluting coal at a time when climate change has risen up the political agenda. South Korea’s state-run utility Kogas said that while it buys 70 per cent of its LNG supply through long-term contracts it needs to access the remainder in the spot market regardless of price. “We still have enough inventories. But demand for LNG is bound to increase further, given the government policy to reduce coal power,” Kogas said. “If we face supply shortages due to the cold winter, we will have to buy more on the spot market to match demand, even if prices are high.” The rally in prices has provided some short-term relief for US LNG suppliers. But the market is still forecast to be in surplus around the middle of this decade as LNG projects commissioned before the pandemic come on stream. Traders said growing demand and the recovery from the coronavirus pandemic meant prices are expected to average higher in the next two to four years until those projects start up. For the UK high prices will add to pressures in the country’s energy system, which relied on LNG imports to meet more than a quarter of gas supplies last winter, at a time when excess supplies were being dumped into Europe where there is plentiful import and storage capacity.'
thommie: jeah, thx from me to you Mt as well. Im invested here as well since end of 2019, in bought my first tranche at the absolutely high of >100p. not the best timing, but I average down a bit to 60p with 33 000 shares. I did see much potential when it was 100p and I even do see more now with maari on its way and drilling campaign this year. I would really like to buy more, but as I did see more oportunity in txp on the short term, I didnt. but I am following Jse very closely every day and of course your posts here! the recent rising oil price really helps some of my investments, but on the other side I fear for Jse, that they might not anymore get assets too cheap with the recent oil price outlook. I was hoping that they confirm an aquisition before oil price was rising!
mount teide: Exxon - A fourth quarterly loss in 2020 after a $20-Billion Write-Down piles the pressure on the company to follow the other oil majors lead and start disinvesting from the sector by transitioning more into clean energy. The Unintended Consequences Of Fossil Fuel Divestment - Cyril Widdershoven / Global Head Strategy & Risk at Berry Commodities Fund. 'The stability of the global oil market is under threat. The impact of COVID-19 and the resultant demand destruction has put an ever-increasing amount of oil and gas producers on the path to bankruptcy. At present, the list of U.S. shale oil and gas producers filing for Chapter 11 is growing by the day, while global oilfield services and offshore drilling companies are fighting to survive. Ultimately, this very dire situation is being driven by oil and gas demand and prices, which is why a degree of stability has returned with oil prices back around the $40-$50 mark. But there is another variable beyond just supply and demand that is now threatening to reintroduce instability to markets. Fossil Fuel Divestment, supported by international governments, international financial institutions, and investors is now threatening to push oil and gas companies into the abyss. In recent weeks, a group of 12 major cities in the EU, USA, and Africa, all pledged to divest from coal, oil, and gas. These cities are home to more than 36 million residents and hold over $295 billion in assets. Led by London and New York City, they have decided to divest from the fossil fuel assets that they directly control and have called on the pension funds managing their money to do the same. The other cities joining the divestment declaration are Berlin, Bristol, Cape Town, Durban, Los Angeles, Milan, New Orleans, Oslo, Pittsburgh, and Vancouver. Activist investors, in-line with the growing Western media onslaught on hydrocarbon production and use, are putting not only the future of international oil and gas producers at risk but increasingly removing the necessary equilibrium between independent (privately owned) oil and gas producers and the national oil companies. For decades, global oil and gas production has been built on several mainstream structures, including the Texas Railroad Commission, Seven Sisters, and OPEC. These structures have helped to stabilize and structure the market to benefit producers, shareholders, and consumers at the same time. The power balance between the Seven Sisters (which in its modern form consists of Shell, BP, ExxonMobil, and Chevron) and OPEC producers has regulated the $1.7-1.8 trillion oil market through times of financial crisis, regional wars, and Black Swan events. This necessary cooperation or power equilibrium is now being undermined by investors and politicians, threatening not only energy and petroleum product supply to global markets but also diminishing the influence of consumer countries on producers, such as OPEC. An increasing amount of international financial giants, such as Dutch asset manager Robeco, are committed to excluding investments in thermal coal, oil sands, and Arctic drilling from all its mutual funds. The Dutch fund stated that it will bar companies that derive 25% or more of their revenues from thermal coal or oil sands, or 10% or more from Arctic drilling. The Dutch asset manager, holding around 155 billion euros ($181 billion), has already excluded thermal coal investment from its sustainable funds. “Our move to exclude investments in fossil fuels from our funds is a further step in our efforts to lower the carbon footprint of our investments, transitioning to a lower-carbon economy,” said Victor Verberk, Robeco’s CIO fixed income and sustainability. Robeco’s move follows a growing list of European insurers and asset managers that have cut investments in fossil fuels, including Dutch insurer Aegon. Robeco said it would complete the exclusion of fossil fuel firms by the end of this year. European insurers, asset managers, and pension funds are not the only ones. Recent reports indicate that global investors have already excluded $5.4 trillion from fossil fuels. The main driver behind this divestment craze is a determination to remove man-made greenhouse gas emissions in order to counter climate change. Reports indicate that 80% of all global emissions come from fossil fuels. To reach the goals set out by governments, emissions need to be cut by two-thirds, or fossil fuel production has to be cut by 1% per year through to 2050. Fossil fuel production has seen a growth of 2% per year in the last 30 years. In the eyes of most investors and activists/governments, divesting in fossil fuel companies will be a major step forward. Some investors are arguing that it is economically sensible to divest based on the stranded asset argument put forward in a major report from the Bank of England. Bank, equity and pension funds are worried that the intrinsic value of fossil fuel assets is much lower than current market valuations. The issue with that argument is that risks are not being taken into account by most investors and politicians. Even if the total value of hydrocarbon producers on stock exchanges has dwindled, the impact of divestment on asset allocation and returns will be immense. Fossil fuel producers make up around 6% of the global stock market and over 12% of the UK market. As some have already stated, excluding an entire sector impacts asset allocation, resulting in increased benchmark risk (relative to the market) and potentially higher volatility. Investment bank Schroders research shows that over the long-term the impact of exclusions on investment returns is minimal. However, it can increase volatility in the short term. Investors are leaving the market, share prices are plunging, company strategies are being changed and production is in danger. In recent months, statements by BP and Shell that they want to move part of their investments from upstream oil and gas to green have been met with plenty of positive reactions from the media, but the announcements should really give observes reason to worry. Going green is putting market stability at risk. Assessments about the major asset re-evaluations by privately-owned oil companies in recent months should be taken with a grain of salt. Even if the world’s biggest oil companies were to slash the value of reserves and current projects in 2020, such as French major Total writing down about $7 billion of Canadian oil sands assets, or Shell’s $4.7 billion hit in the second quarter relating to assets in North America, Brazil, and Europe and a project in Nigeria, the real value is a book value. At times of crisis and uncertainty, it is always attractive to take impairments. Even Exxon Mobil warned in August that low energy prices may wipe out as much as one-fifth of its oil and natural gas reserves. Not only do shareholders feel the pain of lower revenues and dividends in times like these, but hydrocarbon projects become uneconomical. By removing multibillion-dollar hydrocarbon investment projects around the world though, supply will be hit hard in the coming years while demand will continue to grow. Renewable projects are only able to counter the growing demand for energy, not for products. It should be worrying that IOCs, such as Shell or BP are not only divesting part of their global oil and gas acreage and projects but also stopping exploration for new acreage. If oil and gas markets are destabilized further, it will be left to NOCs to save the market. Clean energy analysts seem to have failed to understand that THE STARNED ASSETS OF IOCs ARE ASSETS RIPE FOR OTHERS. Profit margins, dividends, and activist shareholders are not such an issue for Aramco, ADNOC, NNPC, Gazprom, or CNOOC. With lower supply in the coming years, and demand likely to return, prices will increase and margins will go up. This will make the growing list of so-called stranded assets commercially attractive again. But this time they will likely fall into the hands of NOCs(and companies like Jadestone ) rather than IOCs. The future of IOCs and independents is not looking very promising. Lack of access to financial markets and a political-societal drive to block hydrocarbon projects makes some of the world’s largest oil firms look like pension funds or even graveyard construction companies. The future for NOCs, especially the OPEC+ parties, however, is bright. Without activist shareholders to worry about, easy access to financial markets, and SWFs, NOCs are not only able to reap the rewards of the current onslaught, they are also willing. For NOCs there are no stranded assets, every drop of resource can and will be produced and used, as it is part of their national identity. For Western and Asian consumers, however, it will mean that their politicians and companies will need to deal with the new hydrocarbon powers. Dealing with Shell or BP on a European government level is easy. To deal with a NOC, supported by its respective national government, is of a far more complex question. Regulating the market in the future will be a real headache for consumers.'
mount teide: Commodity Equities / Margin of Safety - 2020, The once in a 100 year Commodity Sector Entry point! hTTps:// 'A colleague, Lucas White, put out another interesting paper on one of the biggest opportunities they see in the market right now – the commodity sector. More specifically, the equities of commodity producers. So what’s the story? The great thing about commodities is that they may be one of the most cyclical markets on the planet, which means they follow predictable patterns. That doesn’t mean they are easy to time (no market is), but it can often be quite obvious when the participants are either overly gloomy or over-excited. Why the cyclicality? I’ve run through this before, but here’s what happens. Commodity producers dig stuff up and sell it. If there isn’t enough stuff, the price goes up. The producers get excited and try to find more so they can sell more. As the producers dig more stuff up, more supply hits the market, and the price goes down. When the price is at rock bottom, half of the producers have gone bust and the rest are too scared to do anything more than dig away at the little holes they’ve already dug. Supply goes down. Prices go up. It takes ages for the scarred producers to react. Prices keep going up. Producers get a glimmer of hope and start exploring again. And thus the cycle begins anew. And most of the time, the clues are in the price. Resources shares haven’t been this cheap in nearly a century Now, among other things, we’ve just seen most commodities fall to where they were at their last major lows – near the start of 2016, which was also a great buying opportunity – and the price of oil collapse to the point where one benchmark actually turned negative. So where are we now? GMO points out that resources stocks tend to trade at a discount to the wider market (judging by the US S&P 500 index) anyway (an average discount of about 28%). So we shouldn’t be fooled into thinking these stocks are cheap just because they look cheap relative to the rest of the market – they usually are. However, by the end of the first quarter of 2020, the discount had widened to “almost 80%” – very cheap indeed. In fact, it hasn’t been seen before, with nearly a century’s worth of data to draw on. In the long run we may have all of our energy needs produced by solar power and all our construction needs produced by solar-powered nano bots converting worthless raw matter into anything they want. But not in the next decade. So pricing the sector for near extinction seems drastic, even for a forward-looking market. As GMO puts it: “the global economy couldn’t function without extractive industries. Furthermore, the world can’t transition from fossil fuels to clean energy without the materials that clean energy relies upon”. What makes these stocks attractive now? Well, we’ve been in a bear market. So producers have grown miserly in terms of their spending. A combination of capital discipline and improving prices for their products would be very good news for share prices. But even if commodity prices don’t rise, the sector looks cheap. As the GMO team says: “resource companies have had a rough go of it in recent years, but at these valuations, investors have a large margin of safety even with very conservative assumptions… we believe this will likely end up being an excellent entry point for long-term investors.” Now that was a month ago, and prices have moved up since then – but only enough to suggest that GMO was onto something. I’d suggest that there’s still plenty of opportunity to get on board. Particularly if inflation really does take off after all this.' Moneyweek
mount teide: With further M&A activity firmly on Jadestone's agenda, its worth looking back at the history behind their first deal to buy the Stag Oil field - it was a story of exquisite market timing, shrewd negotiation and a management that shareholders have faith in. A SPA(Sale and Purchase Agreement) for the Stag oilfield in offshore Western Australia was signed in November 2015 by Sona E&P (Perth) and the sellers Quadrant Northwest and Santos Offshore. The purchase price was initially set at $50m when the SPA was signed (Brent price $51), but this was reduced to $25m in February 2016 (Brent Price $33) after an independent valuation firm determined that depressed oil prices had impacted the field’s fair market value. Just over 77% of Sona's shareholders subsequently voted to reject the proposed deal at an extraordinary general meeting of the company's shareholders on April 26(Brent price $47), which meant Sona was not able to meet the conditions precedent of the SPA before the April 30 deadline. Jadestone Energy subsequently signed a SPA in July 2016 (Brent price $44) for the Stag Oil Field and closed the deal in November 2016 (Brent price $47) for a net $6m purchase price. OPEX on completion of the acquisition were estimated in the range of $50-$60/bbl range. OPEX today is circa $25/bbl - Brent Price $48 + IMO 2020 Premium of $5-8/bbl
mount teide: Professionalism, calmness and experience of Jadestone Energy's FPSO Montara Venture personnel praised by Royal Australian Navy. Australian oil workers rescue maritime defence personnel - Energy News Bulletin Australian oil rig workers at Jadestone Energy’s Montara Venture FPSO have rescued a member of the Australian Border Force from a government vessel after the officer had a health incident and required specialist health treatment. The Montara Venture FPSO is moored in the Timor Sea some 650 kilometres offshore west of Darwin, in the Northern Territory. When the Border Force crew member suffered a health incident on the Cape Sorell patrol vessel, Jadestone's rig workers were the first responders and brought the ABF officer onboard the FPSO for urgent treatment. The exact nature of the health incident is unknown, but Energy News understands the officer was immediately flown from the Jadestone facility by helicopter to Darwin for urgent medical treatment. "It was pretty serious. He was pretty unwell," one rig worker told Energy News. In total about a dozen Jadestone rig workers were involved in the rescue operation. The Maritime Border Command and Australian Border Force wrote to the rig workers to thank them for their "excellent, professional and timely support" in assisting with the medevac and rescue. Rear admiral of the Royal Australian Navy Lee Goddard said in a letter to Jadestone management the combined rescue effort was a "shining example" of cooperation between the oil and gas industry and the defense force. "The commanding officer of Cape Sorell could not speak highly enough of professionalism, calmness and experience demonstrated by the oil and gas crew," Goddard said. ' Malcy's Blog 'JSE has announced a settlement in the case against Inpex Corp re Block 05-1 PSC offshore Vietnam. Jadestone had agreed to buy a 30% WI but the seller withdrew, JSE did not accept the termination and went to arbitration. The Company and Teikoku have agreed a full and final settlement in respect of the dispute. When considering the amount payable under the settlement, together with fees payable by the Company, Jadestone will not experience a significant increase in its cash position’. JSE have settled and whilst there are clearly no huge damages I don’t think the company expected much, it was more important to win the argument which they plainly have done. Being in arbitration it wasn’t like a court case where costs would have been higher and also much management time and distraction caused. In my view JSE just couldn’t let the big guy get away with not honouring a binding agreement, whilst I don’t know about the detail this has reinforced that principle and Jadestone upheld and preserved their rights. I’m still very positive about JSE and as things start to have better visibility I think that it will be a major league player in the sector next year and it will undoubtedly be a Bucket List participant. A great portfolio, one of the best managements in the sector and will put shareholders first.'
meteors: Love jse. Invested back in 2018. Then sold and made 1000% on UFO. Now i believe is a great time to invest back in JSE, as their share price has tanked in recent times, but Hopefully vietnamese govenerment will come to fruition. Although they have dealyed it. Prior to covid... so slightly hesitant about that.
malkiel: Here’s How Oil Could Skyrocket By 138% hTTps:// Should do wonders for the JSE share price if it happens.
king suarez: Meteors - good. I can sleep easy only having caused minmal offence ;) You've picked a good company, for similar reasons as I. I said what I said, because I think it really does help to understand investing basics - share price, market cap, bit of ratio analysis etc. For example, you state: "the simple fact that as a company expands so does the share price." That is not a fact. Market cap can increase and the share price can go in the opposite direction if more shares are issued (equity placings etc). That should not happen here as the company has ample net cash, but some companies issues shares like confetti and the market cap may grow with progress, but shareholders see no/negative return...
Jadestone Energy share price data is direct from the London Stock Exchange
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