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JSE Jadestone Energy Plc

30.50
-0.25 (-0.81%)
Last Updated: 11:44:30
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
  -0.25 -0.81% 30.50 33,645 11:44:30
Bid Price Offer Price High Price Low Price Open Price
30.00 31.00 30.50 30.25 30.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 323.28M USD -91.27M USD -0.1688 -1.79 166.3M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:55:17 O 250 30.39 GBX

Jadestone Energy (JSE) Latest News

Jadestone Energy (JSE) Discussions and Chat

Jadestone Energy Forums and Chat

Date Time Title Posts
18/7/202412:26Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture22,176
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
10:55:1730.3925075.98O
10:44:2630.5020,0006,100.00O
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07:45:1130.50329.76O
07:44:3930.385,0001,518.75O

Jadestone Energy (JSE) Top Chat Posts

Top Posts
Posted at 19/7/2024 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 30.75p.
Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £163,597,186.
Jadestone Energy has a price to earnings ratio (PE ratio) of -1.79.
This morning JSE shares opened at 30.50p
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.!!!
Posted at 14/6/2024 10:45 by ashkv
I don't agree with the assertion re high decommissioning costs. For JSE the asset retirement/decom costs are fully provisioned and updated per audit on a half yearly basis!!! And even including the decom costs JSE is severely undervalued versus peers!!!

For example with Akatara online and at 23,000 boe/d production with EV including decommissioning costs Ithaca Energy with 100% production in super high tax UK is trading at almost 2 times EV/Flowing Barrel as compared to JSE at 31p.

At 123p share price Ithaca has a EV (Including Decom)/Flowing Barrel equivalent to USD 67,000 per flowing barrel

At 31p share price JSE including Akatara online has and EV (Including Decom)/Flowing Barrel equivalent to USD 38,000 per flowing barrel

In comparison to the UK Australia is far more generous in its tax treatment of production and Indonesia/Malaysia/Thailand/Vietnam even more so. Further JSE has significant tax allowances/assets in certain of its jurisdictions!!!

Pughman is persistently negative on JSE!!! I can't recall a positive item on his account!!!

JSE is in cheap bid territory should shares prices not move higher once Akatara online (imminent!!!)

pughman13 Jun '24 - 18:07 - 21870 of 21875
0 0 0
Well they are not making much of a return out of Montara and Stag, let's see how CWLH pans out. PM,Akatara and Sinphu are where JSE should be focusing. The prohibitive cost of operating and decommissioning Australian assets is reflected in the share price.
Posted at 11/5/2024 00:45 by mount teide
Hi spawny - posted around two years ago that I sold half my 2.4m TXP holding at an average price of circa 85p, realising a circa £750k capital gain as it was bought at an average of 8.5p immediately following the IPO, when as posted at the time, there was so little interest in the stock, I was able to repeatedly buy up to 250,000 shares in one transaction without moving the s/p. Reduced the holding after the management spent two years making painfully slow progress 'monetising' the assets after the share price peaked at circa 175p.

Painfully rode the share price down to 85p before selling half as I expected, wrongfully, that CEO Paul Baay, who had a long track record of success in Canada growing and selling O&G companies for considerable shareholder capital gain, would repeat the feat at Touchstone once production from the Ortoire block commenced flowing in volume. Got that badly wrong, and correctly paid for it the hard way - by losing circa £2.16m of paper profit riding the share price down.

Still hold the other 1.2m shares, in the belief, that the fundamentals and a modest execution of the production growth plan over the next year, probably holds the potential for the share price to at least double.

I'm fortunate that my equity investment portfolio is cash I can afford to lose, not least since after 24 years of investing the overwhelming majority is now profit.

As my wife and I do not need the investment portfolio cash to maintain our lifestyle, it allows us to do something we both enjoy since taking early retirement - equity investment with a considerably higher level of investment risk than if we needed the money or were managing it for other people.
Posted at 07/5/2024 14:42 by trump45
I hold both Afentra and JSE. Held Afentra since 20p so have done well there.Afentra does have some positives over Jadestone other than production level. The main one is the management team quality and what they've achieved previously with Tullow. Secondly they don't have a Montara around their necks and all of the trouble that had brought. Third is the debt. With the backdated Azule acquisition Afentra will be virtually debt free and a pure cash machine going forward.Both Afentra and JSE are undervalued based on production levels and jurisdictions. JSE has the best jurisdiction premium I feel being fairly safe low tax countries. Angola is also supportive of outside investment which is good but it's clearly not as appealing as Vietnam and Malaysia. All of these jurisdictions are superior to the farce that is the UK and its anti oil and gas policies. I won't invest in companies with more than a minor holding in UK territory due to the windfall tax and whatever else Labour will impose.Afentra hasn't got the negative sentiment around it that JSE has due to the Montara debacle and the share dilution that was needed. With sentiment improving in JSE the share price could easily double in short order.
Posted at 29/4/2024 14:10 by ashkv
Sharing is caring - Fyi Please do your own due diligence!!!



Brent Current Price -> $89.00
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23 -> 28.57%
JSE Current Share Price vs 52 Week High of 55p on 16 May 23 -> -50.91%
Shares Outstanding -> 540,817,144
GBPUSD -> 1.2500
Jadestone 2024 Production Mid-Guidance Revised Apr 24 (20,000-22,000 Boe/d) -> 21,000
Jadestone Q1 2024 Average Production -> 17,200
Jadestone Production Average for 2023 (Including Montara Shut-Down) -> 13,800
Production Average for 2022 -> 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 March 24 -> $200,000,000
Cash (USD) 31 March 24 -> $121,800,000
Net Debt (USD) 31 March 24 -> -$78,200,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility) -> $35,000,000
Available Liquidity -> $156,800,000
Market Cap (GBP) -> £146,020,629
Market Cap (USD) -> $182,525,786
ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $260,725,786
EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $12,416
EV/Barrel(USD) Q1 2024 Average Production -> $15,158
EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down) -> $18,893
JSE Decommissioning Expense Liability i.e. Asset Restoration Liability per FY 2023 Results -> $603,902,000
EV/Barrel (USD) JSE 2024 Exit Production 23,000 Boe/d Production [Added Decommissioning Expense Per FY 2023 Results to EV] -> $37,593
EV/Barrel (USD) JSE YEAR END 2024 Exit Production 26,000 Boe/d Production [Added Decommissioning Expense Per FY 2023 Results to EV] -> $33,255
2P Reserves (Boe) as of 31 December 2023 -> 68,000,000
2P Reserves (Boe) as of 31 December 2023 + 6.8 mmBoe Second CWLH Acquisition H1 2024 -> 74,800,000
EV/2P -> $3.49
EV(Including Decommissioning Costs)/2P -> $11.56
Posted at 29/4/2024 11:04 by ashkv
Was reviewing JSE share price performance - and it startling that JSE is only 15% or above 52 week low of 21.75p on 31 July 2023 (Brent $84.5 on 31 July 2023 versus approx $90 at present)!!!

With Akatara imminent - 2 months give or take a few days.

RBL Redetermination done!!!

Mid-Guiance 21,000 boe/d FY 2024

Exit Production 2024 Between 25-30,000 boe/d - my extrapolation!!!

Net cash in April 2024!!! And most likely net cash / or close to YE 2024!!!

Yes a significant negative in one-off super high costs for Stag and Montara in 2024, along with Montara repair delays!!! However, high oil price, Penmal outperformance YE 2023 drills, CWLH acquisitions etc, Vietnam asset guidance etc etc being fully overlooked!!!!
Jadestone Energy share price data is direct from the London Stock Exchange

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