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JSE Jadestone Energy Plc

26.75
0.50 (1.90%)
Last Updated: 15:00:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Plc LSE:JSE London Ordinary Share GB00BLR71299 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 1.90% 26.75 236,191 15:00:10
Bid Price Offer Price High Price Low Price Open Price
26.50 27.00 26.75 26.25 26.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 323.28M USD -91.27M USD -0.1688 -1.58 141.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:06:22 O 50,000 26.72 GBX

Jadestone Energy (JSE) Latest News

Jadestone Energy (JSE) Discussions and Chat

Jadestone Energy Forums and Chat

Date Time Title Posts
23/10/202421:18Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture22,665
12/10/202312:52Jadestone Energy27
08/2/202118:17Jadestone Energy 201829
08/11/201808:39Still time to look at Jadestone Energy (JSE)-
23/9/200922:47JSE, A Neglected Gem46

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Jadestone Energy (JSE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:06:2326.7250,00013,360.00O
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13:12:4926.4528,3707,503.87O
13:04:4326.453,758993.99O

Jadestone Energy (JSE) Top Chat Posts

Top Posts
Posted at 24/10/2024 09:20 by Jadestone Energy Daily Update
Jadestone Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 26.25p.
Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £143,316,543.
Jadestone Energy has a price to earnings ratio (PE ratio) of -1.57.
This morning JSE shares opened at 26.50p
Posted at 03/10/2024 07:53 by mount teide
Yes, and very welcome.

Although for perspective, it's 1.5% of the circa $10m+ he has trousered, including circa $2m of 'overseas allowance support' in shareholders funds in the 6 years since the London AIM IPO.

In addition to his base salary he is getting around $300k a year in living expenses, plus performance bonus(up to 150% of salary), pension, health and life insurance cover.

With the share price still 15% below the IPO price, Paul Blakeley needs to deliver big time over the next 12-18 months.


ps: why the remuneration committee thought he was worthy of $830k in performance related pay over the two years - 2021 and 2022 - the period of the Montara Venture debacle, which saw the share price commence a period of freefall, has never been explained to shareholders.
Posted at 17/9/2024 12:00 by 1ajm
Very rare, if ever, for JSE share price to rise on results day, even back when results and sentiment were good and the share price was generally rising.

Not good H1 as expected, given oil prices and Akatara revenue delays probably a rough H2 also. Moving in the right direction from 2023 at least.


"After the H1 2024 reporting period, the Group generated US$53.0 million in revenues from three liftings of 0.59 mmbbls in July from Montara, Stag and PenMal"

"Net debt of US$69.1 million at 30 June 2024 reflects c.US$130.9 million of consolidated Group cash balances and US$200.0 million of debt drawn under the Group's reserves-based lending ("RBL") facility. As at 31 August 2024, net debt was US$94.6 million, based on consolidated Group cash balances of US$105.4 million and US$200.0 million of debt drawn under the RBL facility."

Where is the COO?

Will 2025 be the turn around? who knows,
-Australia will continue to be an ongoing concern across the board, with an outlook of cost control and being properly maintained.
-Malaysia, Indonesia and Vietnam on the other hand have great opportunity,
-Malaysia PM323 being a fantastic result and "The Group is progressing plans for further infill drilling on the East Belumut field, in particular focusing on the undrained southwestern area of the field discovered during the 2023 campaign."
-Indonesia, of course Akatara coming online and paying back the years of heavy investment with revenue and large margins.
- Vietnam, obviously further out then 2025 and would need funding but opportunity at least.


IMO DYOR this is not advice.
Posted at 17/9/2024 11:45 by ashkv
An exact 20,500 boe/d average production required from Sep to Dec to meet 2024 low guidance / I updated from prior revised down Mid-Guidance.



JSE Share Price -> 28.00p
Brent Current Price -> $72.50
JSE Current Share Price vs 52 Week low of 23p on 9 Feb 24 -> 21.74%
JSE Current Share Price vs 52 Week High of 39p on 5 Dec 23 -> 39.29%
Shares Outstanding -> 540,817,144
GBPUSD -> 1.3200
JSE 2024 Production Mid-Guidance Revised Down July 24 (18,500-20,000 Boe/d) -> 19,250
JSE YTD Average Production To End August -> 17,500
JSE Sep to Dec 2024 Min Production To Meet 2024 LOW Guidance Taking Into Account YTD Avg Prod Till End August 24-> 20,500
JSE Production Average for 2023 (Montara Curtailed for a period) -> 13,800
JSE Production Average for 2022 (Montara Curtailed for a period) -> 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) -> NA
Cash (USD) -> NA
Net Debt (USD) 31 Aug 24 -> $94,600,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility) -> $140,400,000
Market Cap (GBP) -> £151,428,800
Market Cap (USD) -> $199,886,016
ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $294,486,016
EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $15,298
EV/Barrel(USD) YTD Average Production To End August -> $16,828
EV/Barrel(USD) Projected Sep to Dec Average Production To Meet 2024 Low-Guidance-> $14,365
JSE Decommissioning Expense Provision i.e. Asset Restoration Liability per HY 2024 Results -> $682,915,000
EV/Barrel (USD) JSE 2024 YE Exit Boe/d 23,000 Boe/d Production (Q1 Avg + Akatara 6k boe/d H2 24) [Added Decommissioning Provisions Per FY 2023 Results to EV] -> $42,496
2P Reserves (Boe) as of 31 December 2023 -> 68,000,000
2P Reserves (Boe) YE 23 + 6.8 mmBoe Second CWLH Acquisition H1 2024 -> 74,800,000
EV/2P -> $3.94
EV(Including Decommissioning Costs)/2P -> $13.07
Posted at 31/7/2024 08:17 by ashkv
Pinch me - AXL and now JSE news

Hopefully JSE share price recovers (Fingers crossed)
Posted at 29/7/2024 12:42 by ashkv
Enterprise Value / Flowing Barrel for Jadestone Energy is trading at levels of Genel Energy in super high risk Kurdistan with GENL's production contract on shaky legs....

JSE Share Price -> 31.50p
Brent Current Price -> $80.77
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23 -> 50.00%
JSE Current Share Price vs 52 Week High of 39.5p on 7 Sep 23 -> -20.25%
Shares Outstanding -> 540,817,144
GBPUSD -> 1.2850
JSE 2024 Production Mid-Guidance Revised Down July 24 (18,500-20,000 Boe/d) -> 19,250
JSE Half Year 2024 Average Daily Production -> 16,867
JSE H2 2024 Minimum Production To Meet Mid 2024 Guidance Factoring JSE H1 2024 Average Production -> 21,633
JSE Production Average for 2023 (Montara Curtailed for a period) -> 13,800
JSE Production Average for 2022 (Montara Curtailed for a period) -> 11,487
Net Debt (USD) 30 June 24 -> $72,700,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility) -> $162,300,000
Market Cap (GBP) -> £170,357,400
Market Cap (USD) -> $218,909,259
ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $291,609,259
EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $15,149
EV/Barrel(USD) Average Production Half Year 2024 -> $17,289
EV/Barrel(USD) Projected H2 2024 Average Production To Meet Mid-Guidance-> $13,480
JSE Decommissioning Expense Provision i.e. Asset Restoration Liability per FY 2023 Results -> $603,902,000
EV/Barrel (USD) JSE 2024 YE Exit Boe/d 23,000 Boe/d Production (Q1 Avg + Akatara 6k boe/d H2 24) [Added Decommissioning Provisions Per FY 2023 Results to EV] -> $38,935
2P Reserves (Boe) as of 31 December 2023 -> 68,000,000
2P Reserves (Boe) YE 23 + 6.8 mmBoe Second CWLH Acquisition H1 2024 -> 74,800,000
EV/2P -> $3.90
Posted at 10/7/2024 11:43 by winnet
I cannot see the warrants being an issue, as they won't exercise until such times as they can generate a decent profit in a cashless exercise. When the share price is signficantly above the strike price, then I will expect to see some of them showing up.

---

But surely you can see this would depress the share price above the strike price. Hence the long-term potential of the share price?
Posted at 02/7/2024 12:35 by ashkv
JSE production has to average around 23k boe/d to meet lower end of guidance - assuming June production is static from RNS notified update on average production to End May 2024

1AJM/R123/F1987 trolling on JSE YE Share Price versus present - he forgets to mention the 2024 update on one off extraordinary Montara and Stag 2024 costs that JSE is recovering from.

Share price will recover!!! Great time to add for those that their risk limits permit!!!

Akatara has been derisked, Brent very supportive, news on Vietnam Gas Project Farm-out, Deleveraging, other deals in the works per management!!!

May the force be with Montara/JSE shareholders!!

paduardo1 Jul '24 - 04:36 - 22019 of 22031
0 2 0
Does anybody have any thoughts as to how long it will take Akatara to ramp up / achieve commercial gas sales? I have been looking online and cant find any information about how long this might typically take. Has PB ever discussed this or has IT been included in a presentation or RNS - I have had a look but could not find any reference.
Posted at 24/6/2024 13:06 by ashkv
At 33p a ridiculously low H2 Projected EV/Flowing Barrel of US$12,800
EV/2p = US$3.90

JSE Share Price -> 33.00p
Brent Current Price -> $85.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23 -> 57.14%
JSE Current Share Price vs 52 Week High of 39.5p on 7 Sep 23 -> -16.46%
Shares Outstanding -> 540,817,144
GBPUSD -> 1.2650
JSE 2024 Production Mid-Guidance Revised Apr 24 (20,000-22,000 Boe/d) -> 21,000
JSE Average Production YTD 31 May 24 -> 17,200
JSE Projected H2 24 Required Production To Meet Min 2024 Guidance Prod Equating H1 24 Production same as 2024 Avg Production Reported End May -> 22,800
JSE Production Average for 2023 (Montara Curtailed for a period) -> 13,800
JSE Production Average for 2022 (Montara Curtailed for a period) -> 11,487
Net Debt (USD) 31 May 24 -> $66,000,000
Available Liquidity (Remaining USD 200Million RBL Available + USD 35Million Standby Facility-Cash) -> $169,000,000
Market Cap (GBP) -> £178,469,658
Market Cap (USD) -> $225,764,117
ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $291,764,117
EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $13,894
EV/Barrel(USD) Production YTD 31 May 24 -> $16,963
EV/Barrel(USD) Projected H2 2024 Average Production -> $12,797
JSE Decommissioning Expense Provision i.e. Asset Restoration Liability per FY 2023 Results -> $603,902,000
EV/Barrel (USD) JSE 2024 YE Exit Boe/d 23,000 Boe/d Production (Q1 Avg + Akatara 6k boe/d H2 24) [Added Decommissioning Provisions Per FY 2023 Results to EV] -> $38,942
2P Reserves (Boe) as of 31 December 2023 -> 68,000,000
2P Reserves (Boe) YE 23 + 6.8 mmBoe Second CWLH Acquisition H1 2024 -> 74,800,000
EV/2P -> $3.90
EV(Including Decommissioning Costs)/2P -> $11.97
Posted at 19/6/2024 13:32 by ashkv
What is up no love most of my E&P firms!!! Oil on a tear and JSE plus others languishing in the doldrums!!!

JSE Enteprise Value of USD 276 million for 23,000 Boe/d Production in H2 2024 once Akatara online!!!!

JSE Share Price -> 30.50p
Brent Current Price -> $85.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23 -> 45.24%
JSE Current Share Price vs 52 Week High of 39.5p on 7 Sep 23 -> -22.78%
Shares Outstanding -> 540,817,144
GBPUSD -> 1.2700
JSE 2024 Production Mid-Guidance Revised Apr 24 (20,000-22,000 Boe/d) -> 21,000
JSE Average Production YTD 31 May 24 -> 17,200
JSE Production Average for 2023 (Montara Curtailed for a period) -> 13,800
JSE Production Average for 2022 (Montara Curtailed for a period) -> 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) -> NA
Cash (USD) -> NA
Net Debt (USD) 31 May 24 -> $66,000,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility) -> $169,000,000
Available Liquidity -> #VALUE!
Market Cap (GBP) -> £164,949,229
Market Cap (USD) -> $209,485,521
ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $275,485,521
EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $13,118
EV/Barrel(USD) Q1 2024 Average Production -> $16,017
EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down) -> $19,963
JSE Decommissioning Expense Provision i.e. Asset Restoration Liability per FY 2023 Results -> $603,902,000
EV/Barrel (USD) JSE 2024 YE Exit Boe/d 23,000 Boe/d Production (Q1 Avg + Akatara 6k boe/d H2 24) [Added Decommissioning Provisions Per FY 2023 Results to EV] -> $38,234
EV/Barrel (USD) JSE 2024 YE Exit Boe/d 26,000 Boe/d Production [Added Decommissioning Provisions Per FY 2023 Results to EV] -> $33,823
2P Reserves (Boe) as of 31 December 2023 -> 68,000,000
2P Reserves (Boe) YE 23 + 6.8 mmBoe Second CWLH Acquisition H1 2024 -> 74,800,000
EV/2P -> $3.68
EV(Including Decommissioning Costs)/2P -> $11.76
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 16 Jan 2024 -> 71.50p
% Upside to 12 Month Analyst Target Price -> 134.43%

Asset Decommissioning year per 2023 Annual Report Published 27 April 2027 ->

Asset Decommissioning year
1. Montara 2031 [Likely to be extended if Gas assets developed as management has mentioned]
2. Stag 2036 [A long long way to go - 12 years!!!]
3. Lemang 2036 [Minimal cost USD 5.5Mn Provisioned as onshore and Per JSE likely to be extended]
4. PenMal 2024 onwards [Decommissioning expense provisioned in current year, however, majority of Penmal fields are producing assets and JSE is looking to redevelop a field that was shut due to a FPSO issue]
5. CWLH 2035 [Per JSE likely to be extended even further]
Posted at 15/6/2024 07:50 by ashkv
From Roxi on the other board re JSE AGM

Roxi Jun 2024 09:05
Strong Buy

Good morning14
It was a great day out at the AGM yesterday, arrived about 8.50am bumped into Sir Paul at the entrance who was chatting with Adel the new Chairman, had about 5-minute conversation with them both, not a lot of people in attendance, i think there was at least 2 other private shareholders sitting up at the front,

The meeting opened up with the usual voting routine the Majority of the votes having been electronically communicated,

All resolutions were passed with Majority of Support in Favour, with tiny number of votes against i think it was about 100,000, or so (Probably a disillusioned Charlie)

Anyhow, Paul and Adel told me everything was on plan for gas at Akatara in the coming days and weeks, all the operations teams were working on site with the Contractors to hand over the Plant to our guys , the technicians from SKK MIGAS would be staying on site until our guys were familiar with all the operations and had gained complete confidence in the safe and efficient running of the plant,

he explained even at these last few days it was important that all parts of the plant are fully tested and safe, it is a bit like starting up a gas/petrol refinery plant,

in the early part of the production phase AKATARA would be throwing off a lot of liquids/Condensate etc, these would be sold separately to the gas, and at Aus based dollar prices, bringing in increased revenues.

after the meeting i spoke again with Paul briefly were i discussed CWLH, Pen Mal and Montara-Stag etc, i also mentioned the low share price that the market currently valued JSE at, he mentioned they were in conversation to bring in at least another couple of Institutional investors in the coming months,

he also said that they had the backing of a couple of large banks who would have supported the equity raise required with the failed takeover of Woodsides fields, without shareholders being diluted, which was great news, he is determined to get JSE back to where it should be in its valuation, saying the CWLH was worth much more!!! on its own than the current share price , and AKATARA was worth more than CWLH , i was asked to stay and chat, but having arranged to meet my partner for lunch, i was unable to stay much longer,

I left feeling much more positive about my investment in JSE .

Just got to be patient, the re-rate will come soon, and fast, another corporate update is being planned in the future.!!!
Jadestone Energy share price data is direct from the London Stock Exchange