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| 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
|
|
|---|---|---|---|---|---|
| 0.75 | 2.73% | 28.25 | 2,423,485 | 14:09:26 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 27.50 | 29.00 | 28.25 | 27.00 | 27.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 448.41M | USD 8.52M | USD 0.0183 | 15.44 | 131.39M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:15:34 | O | 4,400 | 28.375 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/4/2024 | 13:59 | UK RNS | Jadestone Energy PLC Successful RBL Redetermination |
| 17/4/2024 | 07:00 | UK RNS | Jadestone Energy PLC Admission of Shares to Trading on AIM |
| 11/4/2024 | 16:00 | ALNC |  IN BRIEF: Jadestone resumes trading as Woodside cancels sale of assets |
| 11/4/2024 | 10:30 | UK RNS | AIM Restoration - Jadestone Energy plc |
| 11/4/2024 | 10:13 | UK RNS | Jadestone Energy PLC Restoration of Trading on AIM |
| 10/4/2024 | 07:00 | UK RNS | Jadestone Energy PLC RBL Update and Notice of Results |
| 28/3/2024 | 13:46 | ALNC | EXECUTIVE CHANGES: Spectris adds former Spirax CEO Anderson to board |
| 27/3/2024 | 13:06 | UK RNS | Jadestone Energy PLC Board Changes |
| 25/3/2024 | 07:00 | UK RNS | Jadestone Energy PLC Board Changes |
| 22/3/2024 | 07:00 | UK RNS | Jadestone Energy PLC AMENDMENT: Share Awards and Director Share Dealing |
Jadestone Energy (JSE) Share Charts1 Year Jadestone Energy Chart |
|
1 Month Jadestone Energy Chart |
Intraday Jadestone Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/4/2024 | 15:26 | Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture | 21,488 |
| 12/10/2023 | 12:52 | Jadestone Energy | 27 |
| 08/2/2021 | 18:17 | Jadestone Energy 2018 | 29 |
| 08/11/2018 | 08:39 | Still time to look at Jadestone Energy (JSE) | - |
| 23/9/2009 | 22:47 | JSE, A Neglected Gem | 46 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:15:35 | 28.38 | 4,400 | 1,248.50 | O |
| 14:14:56 | 28.25 | 100,000 | 28,250.00 | O |
| 14:14:00 | 28.25 | 5,561 | 1,570.98 | O |
| 13:57:59 | 27.85 | 7,746 | 2,157.26 | O |
| 13:53:07 | 27.50 | 37 | 10.18 | O |
| Top Posts |
|---|
Posted at 26/4/2024 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 27.50p.Jadestone Energy currently has 465,081,237 shares in issue. The market capitalisation of Jadestone Energy is £125,571,934. Jadestone Energy has a price to earnings ratio (PE ratio) of 14.75. This morning JSE shares opened at 27p |
Posted at 25/4/2024 14:53 by mount teide Global oil demand is up over 13 mb/d since the 2020 Covid Low.Yesterday StanChart put out a Note forecasting global oil demand will continue to pick up strongly in May and June, hitting 103.15 mb/d for the first time in May, and then rising to 103.85 mb/d in June. Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June - Oilprice.com today. 'Oil prices have held steady week on week despite a significant inventory build in U.S. crude two weeks ago, which was countered by a draw in U.S. crude stockpiles for the week ending April 19th. Next to this, traders have become less concerned about a potential supply disruption in the Middle East. The crude inventory build at the middle of the month triggered fears that oil demand could be weakening; however, Standard Chartered estimates that global inventories will increase by only 74,000 bbls/d April, a much smaller build compared with the 2.2 mb/d build in April 2023 and the 1.4 mb/d build in April 2022. StanChart notes that the markets could be more sensitive to this change in trajectory following the strong counter-seasonal inventory draws during the first quarter of 2024. Even better for the bulls, StanChart has forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May (at 103.15 mb/d), With the next key ministerial meeting just six weeks away, concerns about demand and the macroeconomic environment are likely to dominate the meeting. StanChart says we are likely to record a 1.6 mb/d Q3 draw in stocks if there is no increase in OPEC output, compounding the price effect of a H1-2024 draw of 1.1 mb/d. Recently, the Biden administration passed new sanctions on Iran’s oil sector as part of the $95-billion foreign aid package to Ukraine, Israel and Taiwan. In a move aimed at reducing Iran’s oil trade with China, the broadened sanctions now target Chinese banks that conduct transactions involving Iranian crude and products. The sanctions now include foreign refineries, vessels, and ports that knowingly process, transfer, or ship crude oil in violation of existing sanctions. The new sanctions could prove significant in disrupting market fundamentals considering that Iran currently produces about 3 million b/d and is expected to increase output by a further 280,000 b/d this year. StanChart has predicted that whereas the upcoming U.S. presidential election may influence the timing of the next swing down in Iranian exports, Iran’s oil flows are bound to take a hit regardless of who ascends into the Oval Office in 2025. The analysts note that existing U.S. policy instruments were enough to drive Iranian exports down to close to zero in late 2020, before the international context, and the associated implementation policies, changed. StanChart has argued the Biden administration has room to start implementing the sanctions immediately despite the risk of increased fuel prices during an election year. StanChart notes that the record-high on the day of a U.S. presidential election is $3.492/gal in 2012 (when the incumbent won), equating to about $4.80/gal in 2024 money terms after adjusting for consumer inflation. That’s $1.14/gal higher than current prices, with the U.S. national gasoline price average at $3.66 per gallon. StanChart says that whereas recent U.S. international oil policy has clearly been designed with a view to moderating oil price effects, it does not mean that the U.S. has necessarily chosen a policy of minimum pressure on Iranian and Russian oil exports. The commodity experts have predicted global oil inventory draws of 1.53 mb/d in May and 1.69 mb/d in June, tightening physical spreads significantly. StanChart also says that OPEC is unlikely to increase output in the near-term thanks to the stall in the oil price rally despite having room for at least 1 mb/d of extra OPEC output in Q3 without increasing inventories. With the next key ministerial meeting just six weeks away, concerns about demand and the macroeconomic environment are likely to dominate the meeting. StanChart says we are likely to record a 1.6 mb/d Q3 draw in stocks if there is no increase in OPEC output, compounding the price effect of a H1-2024 draw of 1.1 mb/d. Recently, the Biden administration passed new sanctions on Iran’s oil sector as part of the $95-billion foreign aid package to Ukraine, Israel and Taiwan. In a move aimed at reducing Iran’s oil trade with China, the broadened sanctions now target Chinese banks that conduct transactions involving Iranian crude and products. The sanctions now include foreign refineries, vessels, and ports that knowingly process, transfer, or ship crude oil in violation of existing sanctions. The new sanctions could prove significant in disrupting market fundamentals considering that Iran currently produces about 3 million b/d and is expected to increase output by a further 280,000 b/d this year. StanChart has predicted that whereas the upcoming U.S. presidential election may influence the timing of the next swing down in Iranian exports, Iran’s oil flows are bound to take a hit regardless of who ascends into the Oval Office in 2025. The analysts note that existing U.S. policy instruments were enough to drive Iranian exports down to close to zero in late 2020, before the international context, and the associated implementation policies, changed. StanChart has argued the Biden administration has room to start implementing the sanctions immediately despite the risk of increased fuel prices during an election year. StanChart notes that the record-high on the day of a U.S. presidential election is $3.492/gal in 2012 (when the incumbent won), equating to about $4.80/gal in 2024 money terms after adjusting for consumer inflation. That’s $1.14/gal higher than current prices, with the U.S. national gasoline price average at $3.66 per gallon. StanChart says that whereas recent U.S. international oil policy has clearly been designed with a view to moderating oil price effects, it does not mean that the U.S. has necessarily chosen a policy of minimum pressure on Iranian and Russian oil exports.' |
Posted at 25/4/2024 10:40 by 1ajm The share price here seem to nearly, if not always drop on a half year or full year results day, even back in the day when the figures seem decent. I think people would expect a good year to reveal massive profits but it doesn't work like that for a small aim oiler.Ofcourse the price is so far in the garbage nowadays maybe it will be different this time. There use to be a real hype in the share price leading up to these things. 2024 so far and forward looking statment along with RBL news and akatara update are the best chance at a blue day,. Ashkv etc...can tell you otherwise or muddy information simply by the fact I said it, like that changes anything. he's still waiting for his 'incoming' 100p chinese takeover bid. His beloved forcasters 100p predictions turned out to be 27p, now they guess under 60p he must be expecting under 20p, unfortunate. |
Posted at 18/4/2024 13:07 by 1ajm RBL news and Akatara online may get JSE back above 30p. Unfortunatly the costs and decisions at Montara and Stag (although may well be being corrected slowly) which caused the share price to be where it is still remains an issue.imo would take something new to get JSE back towards 40p. Talk of a new drilling campaign maybe or more detailed vietnam gas development plans once akatara is online. Or ofcourse a nice aquisition that isnt an Australian knackered FPSO with large capex opex and decomm on the back end. Where is this COO? probably not the most appealing operational responsability prospect, the boost to nearly 30p was inviting but looking at it, until news will possibly trickle back down towards pre suspension prices, news is overdue though. GLA. |
Posted at 10/4/2024 14:04 by ashkv I struggled to comprehend the short JSE RNS - had to read a few times unlike your genius self or your brilliant swashbuckling trailblazing legendary deal maker CEO icon Mitch Flegg of SQZ :)All else aside the reasons detailed for the RBL delay are not acceptable - RBL redetermination was well telegraphed along with a requirement to substitute assets within the RBL Model. Taking all of the above the RBL redetermination was guided for Mach 2024 completion!!! It is a simple matter not rocket science!!! IMHO it is another slipshod mess-up from a floundering CFO who has done more damage than leaky Montara to JSE's share price!!! All IMHO - NigelPM likely surmises the Dutchie is an amazing CFO akin to his paeans and praise for Mitch Flegg and the Tailwind Transaction undertaken by Flegg. nigelpm10 Apr '24 - 08:59 - 21232 of 21237 0 8 0 For the reasons set out in the RNS - if you are able to read it? |
Posted at 14/3/2024 09:48 by puzzler2 Personally, I'm happy with the suspension continuing for quite a while longer. The share price was in freefall from mid-January - the suspension stopped that and gives JSE some time to consolidate operations and firm-up on profitability. Tough luck to all those short holders when the share price leaves suspension significantly higher. |
Posted at 14/2/2024 01:20 by 1ajm Well said Pughman.Some holders just want to pretend it isn't happening I presume. Or delusional enough even now to not think, hang on this COULD be bad. I guess I've come to query if the RNS's are, while being factually correct, giving an honest overall picture. The last few have had some very sneaky caveats. We're locked in now. I don't think people think about the potential implications of that. Good news we will all be happy, bad news my personal haters on here may understand my point, although given the reaction my posts get from some, they may be locked in here regardless. Down with the ship, if it comes to that in the future. At what point would they sell? On the chance JSE get it (?), there's going to be a new wall of financing concerns which may play out either way still. Any degree of share dilution would be offensive, but we are a financing option for them and nothing more. As MT mentions a better than expected back date or a very slow acquisition may help (not maari slow please), as well as a good deal and fast ROI from the new production. Let's not think about if there is some ridiculous decommissioning fund commitment that is multiple times bigger than the purchase price but not included as part of the headline purchase price. I've topped up several times when the share price has reached sub 30p in the last 12 months+ and not sold. Although this has brought my average down, Given we're here to make profit and not gain moral applause for our trading style it has been a poor decision to hold since the first Montara shut in and averaging down can't go on forever. Hindsight is 20/20 of course. This feels like an awkward time for share suspension but they needed to do something drastic, which they have. I don't think JSE will be losing any sleep with the shares being suspended. Now we can only wait. I personally don't think the shorters will be too worried, I'm more worried about myself as a holder, good RBL results, CWLH completion and maybe even Akatara build up could happen during share suspension and quickly forgotten by the market if trading resumes on the failure of the proposed deal. Of course, success of the deal and no mishaps between now and then could cause a very strong open ( I truly hope that is what happens for all the holders). But I will never be a person to only think about one outlook and not the other. Sorry. I sit on the fence more than others, even when financially I am on one side of the fence. Myself and the small amount of posters on this board has absolutely no ability to control the price or what JSE do. Still it does amaze me how one sided posters are and how offended they get. Of course I am willing to have my mind changed. Maybe this is an absolutely amazing opportunity for JSE and maybe I should have absolutely no concerns about the size or location of it. Patience does not seem to be something AIM oilers can afford to have unfortunately and recently here it seems to have lead to unforced errors. On a final note, JSE not getting this does put it back in the position it was at before today which isn't exactly great so at this point just go for it. All-in. H2 would have been preferred, maybe it will still be ongoing in some capacity in H2. I think I've been fair there and hope it goes well for all. Now I await the name calling and silly outbursts many posters offer, to which I humour and enjoy responding to far more than I should, luckily the opinions of most people on here are meaningless and my thoughts and opinions are equally meaningless to them, the way of the internet. GLA. Hope it goes well over the next few months. |
Posted at 13/2/2024 20:57 by impossible123 Can JSE seriously compete with Carlyle and Hibiscus Petroleum for these assets of Woodside? Carlyle is cash-rich, and Hibiscus has a mcap 3x that of JSE; the Woodside assets for sale is rumoured to be valued at about $500m.And, assuming JSE wins the bid how will JSE pay for this latest acquisition? A $500m acquisition from JSE valued at £127m is a mega fund raise, correct? How'd this be achieved with dilution? Buy now, pay later with proceeds from these new assets? I think JSE is attempting/embarking on something so monumental is very ambitious (I understand it's company transformational) so soon after the debacle of Montara and Stag is beyond the management team. I hope post suspension the share price is not below 23p. Retail investors have experienced a horrid time the last 12 months. |
Posted at 25/1/2024 16:18 by ashkv God this is getting bad... JSE soon going to have negative Enterprise Value.At 25p Enterprise Value of USD 177Mn for 26,000 boe/d production. Even with Decommissioning Costs EV/Flowing Barrel a low ball USD 29k boe/d at a share price of 25p!!! JSE Share Price: 25.00p Brent: $81.00 JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 19.05% JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -73.18% Shares Outstanding: 540,693,017 GBPUSD: 1.2700 Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500 Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000 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 Dec 2023: $157,000,000 Cash (USD) 31 Dec 2023: $152,000,000 Net Debt (USD) 31 Dec 2023 : -$5,000,000 Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000 Market Cap (GBP); £135,173,254 Market Cap (USD): $171,670,033 ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $176,670,033 EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d: $8,217 EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $8,834 EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down): $12,802 JSE Decommissioning Expense Liability i.e. Asset Restoration Liability per HY 2023 Results: $574,656,000 EV/Barrel (USD) JSE 2024 23,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $32,666 EV/Barrel (USD) JSE YEAR END 2024 26,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $28,897 2P Reserves (Boe) as of 31 December 2022: 64,800,000 EV/2P: $2.73 EV(Including Decommissioning Costs)/2P: $11.59 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: 186.00% |
Posted at 18/1/2024 09:43 by ashkv Good news has been entirely overlooked...I too am aggrieved by JSE management as I was of mind that why there was no update on Montara remediation until the recent RNS? Progress with tanks etc? JSE management should have been upfront in 2023 post hiring the surveyor and not started 2024 on a sour Montara/Stag note. PB needs to learn that he is no demi-god who can outsmart the market. Also I am wary of the RBL redetermination so will not add until this is sorted out. JSE post Montara mishaps has scored many self goals with the RBL linked equity financing being the most severe and avoidable. Along with the Thai gas asset acquisition in early 2023 when financing was required for Akatara - inexplicable!!! PB has to take the responsibility for these strategic blunders... CFO's competence concerns me so until RBL is sorted I believe share price will overcompensate for the same. Once RBL is sorted and as long as Akatara is going to plan I will double my holding - if the share price is at such super depressed levels. MT can you speak as to Akatara returns? I was reviewing the same and to me it appears not lucrative for the USD150-200mn Capex based on the return profile unless further reserves unlocked? And more so not lucrative given the expensive equity raise arising from the RBL to finance Akatara. Lets hope JSE conjures up a deal such as the recent HBR deal!!! PB needs to put or shut-up... Perhaps a farm-in / progress with the significant undeveloped Vietnam gas field. JSE is a solid hold for me and I would be thrilled if my average was 27p... SteMiS18 Jan '24 - 07:50 - 20725 of 20726 0 2 0 For sure Stemis. Is it worth a 25% fall on that RNS though? That's the simple way of looking at. I think the fall is just a reflection of that, once again JSE has managed to come up with some bad news to offset the potential recovery from the last set of bad news. Lots of holders on here pointing to potential production figures for 2024 and what that would do to the profitability. The market is basically saying 'we've been here before so until they've actually delivered them, we're not interested'. So you have a share price driven by some holders giving up hope and potential new holders not seeing any point in buying at the moment (against a backdrop of a general market that is neither interested in oil nor interested in small companies...so small oil companies are a particular tough sell) |
Posted at 18/1/2024 09:30 by ashkv Other than Montara and Stag plus development asset Akatara the other assets have been picked up in the past two years.Penmal with infilling drilling is no longer late stage so to say as new substantial 2p reserves are soon to be classified so given the spectacular late 2023 infill drill success. Also Penmal benefits from having substantial decom expenses already funded. CWLH are low decline assets and the purchases within the past 18 months were for close to USD 200mn. JSE hopes to employ their expertise on the same to further enhance solid and stable prodution. Jefferies analyst was pleased with the latest CWLH acquisition as it very well fits into what JSE aspires to be!!! in Thailand - solid production from a 10% stake in a mid life gas field plus 20% in an even more enticing potential gas development. e4317 Jan '24 - 19:52 - 20721 of 20725 0 3 0 Winnet,I share most of your sentiments. Montara might not be totally worthless to JSE going forward but I think it would be extremely hard to get a third party to pay anything for it in an attempted sale. Apart from Akatara(a more conventional development project) the rest of Jadestone's assets are late stage,the raison d'etre being JSE has the knowledge and experience to efficiently manage them to extract a good net return. ie ,JSE management skills are supposed to make the plc worth more than the sum of its parts. |
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