Jadestone Energy Share Discussion Threads

[senn1] 14/1/2019 09:34

The article is from Livermore Partners.


Micheal Hausers very successfull investment fund.

[senn1] 14/1/2019 08:50

With Jadestone (JSE), our thesis continues to manifest along with very strong returns for this exciting and growing oil producer. Jadestone successfully IPO'd in London in August under the symbol, JSE LN.

see link

JSE executed a $200mm transformational Australian asset acquisition from Thailand giant, PTTEP. We hold a seat on the Board of Directors of JSE, added to the equity position on the raise, and continue to focus hard on its growth trajectory.

Jadestone has a chance to be a true small cap champion and the potential to be a $1B company in the face of Brent oil's uplift near $75 a barrel. Adding to this are the strong free cash flows from the new Montara acquisition, which on a proforma basis, will allow $100mm of annual FCF for a company today trading at a large discount (1.5X EV/EBITDA for 2019) to any peers. We continue to feel Jadestone is in a great position to prosper in the years ahead thru both acquisition and organic growth and reflects the strength of an excellent management team. My hats off to CEO Paul Blakeley and his team!

[meteors] 14/1/2019 07:58

Do you think this share price could hit 80p by the end of Q4, what potential does this have? Because it seems to good to be true at the moment and not sure if the share price reflects that currently (although a nice rise on Friday)

[mount teide] 13/1/2019 16:07

Major shareholder and NED David Neuhauser's Livermore Partners Strategic Opportunity Fund achieved a Q3 result of +18.51% and a year to date(end Sept) performance of +33.95%.

The fund has a high conviction investment approach and holds a maximum of 15 investments(including both Long and Short positions).

It specialises primarily in the Energy, Financial and Industrial sectors. Of its LSE listed investments - the fund holds long positions in Jadestone and Solgold and is running a short on Burberry.

[mount teide] 12/1/2019 16:18

Brent average Prices - since the recession low in H1/2016
$39.00 - H1/2016
$48.50 - H2/2016
$51.50 - H1/2017
$56.50 - H2/2017
$70.50 - H1/2018
$73.50 - H2/2018
$72.00 - 2018 average
$61.00 - Current Spot Price
$72.00 - Price JSE has hedged circa 50% of 2019 Production

$61 Brent today is equivalent to $49 oil in 2008 after inflation adjustment(Brent peaked at $147 in 2008/9 - average 10 year Brent price since is $80)

The SE Asia, China, India and Pacific Rim oil consumption growth chart has been a near straight 45 degree line for the last 38 years - the region is responsible for over 75% of global oil consumption growth since 1980. China and India(world's first and third largest oil importers) both reported above forecast oil import growth in 2018 of 6%+.

[alamaison5] 11/1/2019 12:46

Get a thumb down for taking profits, lol.
Hey, the difference between U & I is that you are investors & I a trader...
Anything wrong with that is it?
The recent massive volume have to be cleared.
This on the flow update day.
As I said, I'll be back...

[mount teide] 11/1/2019 10:24

Strong regional demand for Montara's light sweet crude according to market analysts.


Jadestone Energy restarts light sweet Australian Montara crude oil production - S&P Global Platts today



'Jadestone Energy has restarted crude oil production from Australia's Montara oil field following its maintenance and inspection shutdown, the independent oil and gas production company said in a statement Friday, in a move that could help light sweet crude supply in the Asian spot market rebound.

Production operations restarted at the Montara facilities on January 11, and production volumes will be ramped up while final checks are concluded, Jadestone Energy said. The entire facility will be restarted, including both the oil production system and the gas system, which enables gas-lift and gas re-injection so as to optimise production operations as rapidly as possible, the company added.

The Montara oil project consists of three oil producing fields -- Montara, Skua and Swift/Swallow. Crude oil output from the field is around 10,300 b/d. The project is located in the Timor Sea, about 690 km west of Darwin, Australia. Montara crude has a gravity of around 35 API with a sulfur content of less than 0.05%.

In July 2018, Jadestone Energy acquired a 100% stake in the Montara oil project from Thailand's PTT Exploration and Production.

Montara crude was rarely seen offered in the spot market as output was mainly reserved for Thailand's domestic refineries. PTT had typically shipped an Aframax-sized cargo of Montara crude to Thailand every one to two months.

However, Asian sweet crude traders noted that Jadestone's acquisition from the Thai upstream company could mean that the light sweet Montara crude will be made available in the Asian spot market on a regular basis once it wraps up all the regulatory and financial procedures.

"Catching up on Montara's overdue inspection and maintenance tasks and resolving the regulatory non-compliance notices was a prudent step early in Jadestone's experience with Montara, and serves to enhance the asset's value," Jadestone president and chief executive Paul Blakeley said in the statement.

LIGHT SWEET CRUDE SUPPLY POOL

Asian refinery sources said the restart of Montara crude production could help put the brakes on the rapid decline in light sweet crude supply in the Asian spot market.

"The overall light sweet oil supply pool has become too tight [in the Asian spot market] and [the Montara production restart] is a welcome news," said a trading manager at a Southeast Asian refiner.

Major Southeast Asian crude producers including Indonesia and Vietnam continued to witness their overall production slide in 2018, while growing domestic refining requirements added to the downward pressure on their respective export figures over the past few quarters.

Market watchers noted that Vietnam has been offering less barrels of its flagship grades including Chim Sao, Thang Long, Ruby and Bach Ho over the past several quarters due largely to decreasing production at the aging fields.

Indonesia's crude and condensate exports have been trending sharply lower as Jakarta stepped up efforts to increase dependency on domestic oil in order to slash growing energy import bills.

Indonesia's flagship light-end crude grades including Senipah condensate, Bontang condensate, Handil Mix and Attaka have almost dissipated from the Southeast Asian spot market as most of the output is processed by state-run Pertamina's domestic refineries, industry sources said previously.

"With so many light sweet Southeast Asian grades disappearing from the market, regional buyers would be hoping to see Australian output fill the gap," said a sweet crude and condensate trader at a Japanese integrated trading company.'

[alamaison5] 11/1/2019 09:40

A break has been put on. The buyer becomes the seller. So did I, at 40p.
Now I can buy at 39.7p...
I'll be back, lol

[alamaison5] 11/1/2019 08:31

Nothing available to buy at 40.6p right now. Crazy... Had to buy at 39p yesterday.
Even at 41p!

[marvelman] 11/1/2019 08:29

Sat here patiently through that slight decline after MT made me aware of this "gem" (probably dine many times before). Annoyingly I could not add until the bigger boys had had first bite but got there in the end. Seems to be off the radar to many oilers but perhaps thats not a bad thing. Regards to all still here.

[basem1] 11/1/2019 08:29

My 30,000 at 38p yesterday looking rather nice. Great deal re the 22m dollars.

[alamaison5] 11/1/2019 08:23

Big money changing hands again. Stabilisation at 40p then a rise above 44p?...
then the moon!

[mount teide] 11/1/2019 07:59

'PTTEP Australasia as seller of the Montara assets, has agreed to provide US$22 million to Jadestone in relation to this recent shutdown of the Montara facilities, including associated costs, of which approximately US$4 million was directly attributable to shutdown work scope.'


Incredible - outstanding negotiating performance by the JSE management - it effectively provides JSE with more than two months lost cash flow and the $4m cost attributable to the shut down work carried out!

[zengas] 11/1/2019 07:33

Fantastic news. See post 231 re cash build. Should be close to a cash pile of $110-$120m by end of this quarter with about $9-$10m month ongoing free cash to cover drilling and an increase via drilling for production increases. Significant cash building for another major acquisition in due course with a number of opportunities already under review. A very well managed company given today’s news re the $22m from PTTEP.

[alamaison5] 11/1/2019 07:21

I bought into SEPL yesterday too, at 122p. And CHAR, this week, at 2.63p.
Also in LEK.

[alamaison5] 11/1/2019 07:18

Well, we know where this is going today:

$22m in the kitty + gas and oil production restart. And will increase due to the work sone, I am sure...



Research is the key, and I have done a fair bit, trust me.

[mount teide] 10/1/2019 13:14

L2 - all 8 mm's have lifted their bid price this morning.

Currently: 4 v 1 / 38.0p v 39.0p - with 1 @39.4p then the rest @40.0p to 41.2p

[alamaison5] 10/1/2019 12:00

Another 7692 for me.

[alamaison5] 10/1/2019 11:23

461,009,478 shares. Placing of 239,711,474 at 35p in August.

[meteors] 10/1/2019 10:55

hxxps://www.valuewalk.com/2019/01/hidden-value-equities/

a nice little positive article, valuing JSE at a potential 1Billion Mcap. What is the current Mcap ?

[alamaison5] 10/1/2019 09:25

It's only shares changing hands, but the buyer seems to be selling for a quick profit...

[meteors] 10/1/2019 08:48

why is this not directly affecting the SP?

[mount teide] 09/1/2019 15:09

Another 3 large transactions totalling 26.6 million again today:

1 x 10.6 million, 2 x 8.0 million

[meteors] 08/1/2019 17:43

Hello - AIM Newbie here :)

Can someone explain the huge sells. Im informed they are institutional broker deals. Im aware they are huge investors deals, however if they are coming across as sells, is this not a bad thing. I just need some clarification on whats this actually means and reasons for it happening. JSE look like a great little company with a solid BOD. Glad to be on board for now

Thanks in advance!!!