Jadestone Energy Share Discussion Threads

[mount teide] 13/3/2019 19:58

Brent up to $67.73 - a new four month high.

Jadestone after adjustment for the circa $2.5/bbl regional premium to Brent will currently be generating circa $76.00/bbl($73.49 + $2.50) for its 5,500 bbs of hedged Montara production and over $70/bbl for the other circa 7,600 bbls.

[someuwin] 13/3/2019 19:31

Cheers for posting the link homebrewruss. That is a fantastic presemtation!

[mount teide] 13/3/2019 19:00

Standout point for me from Paul Blakeley's presentation last night:

2019 Free Cash Generation:

In 2019:

* Our average crude oil production is expected to be between 13,500-15,500 bbls/d

* Our average unit production costs are expected to be US$21-24/bbl

At an average $65 oil price for 2019 (40% of forecast production is hedged at $72/bb)
We expect to be able to fully fund

* Our Capital and other major offshore spending of US$116-131 million

AND STILL HAVE $100 MILLION OF FREE CASH LEFT OVER!

Incredible performance from an acquisition that is forecast to generate the overwhelming majority (circa95%) of that Free Cash and only completed last September for a net cost of $82m!

Suggests a chunky Dividend payment is nailed on for 2019!

[meteors] 13/3/2019 18:48

Too right!! Say it how It is :)
@fardelsbear You’ve nominated yourself as Spam police! hehe

P.s thanks for the link Russ, great rise today, :D

[fardels bear] 13/3/2019 18:03

Why on earth would we want to buy that, when we have these?

[homebrewruss] 13/3/2019 16:46

New proactive promo article:
hxxps://www.proactiveinvestors.co.uk/news/details/216411/jadestone-energy-primed-to-expand-as-asia-pacific-oil-province-matures-216411.html

edit:
and the LSE video from last night's investor evening is now here:

[homebrewruss] 13/3/2019 16:44

Some massive buys after the bell. About 3.5 million shares in total!

[someuwin] 13/3/2019 14:09

As they said the other day...

"We're in a number of data rooms right now"

[zengas] 13/3/2019 13:44

Management here built a $6b valuation oil company (Talisman) in the same region as they now operate with JSE. CEO awarded the OBE for services to the UK oil and gas industry.

Stag, Montara oil project, Nam Du/U-Minh worth up to cdn 260c (circa 150p) so currently only representing under one third of that at 48p.

Philippines SC56 and Vietnam Tho Chu or Indonesia's Ogan Komering producing PSC not in the valuation model.

Further acquisitions a distinct possibility and is their objective.

[croasdalelfc] 13/3/2019 13:24

Keep looking through the posts #jse is under the radar on twitter , like RRE this time a year ago

[ifthecapfits] 13/3/2019 13:20

Well done. I'm a little peeved actually as I was going to top up materially in April here, ECO & ARS. All three have moved materially of late - annoyed and happy at the same time!

[someuwin] 13/3/2019 13:09

Bought more JSE today. Now by far the biggest holding in my SIPP.

Very confident on this one.

[mount teide] 13/3/2019 11:54

Oil Markets See An Explosion Of Bullish News - Oilprice.com

'Oil prices jumped to two-week highs on Tuesday morning, rising on the back of severe outages in Venezuela and the ongoing production cuts from OPEC+.

A devastating electricity blackout swept over Venezuela late last week, crippling daily life for much of the country. PDVSA’s oil exports have been severely disrupted, and while data is scarce, output may have plunged by half to about 500,000 bpd, according to Energy Aspects. “Operations halted at main facilities, reducing output of main synthetic grades and blended Merey to almost zero,” Energy Aspects wrote in a note.

“There’s a vicious circle,” the International Energy Agency’s head Fatih Birol told Bloomberg on the sidelines of the IHS CERAWeek Conference in Houston. “Since the oil isn’t exported, there’s not revenue, since there’s not revenue you cannot invest in infrastructure.̶1;

The big question is how long the outage will last. The U.S. State Department announced the withdrawal of its remaining embassy personnel in Caracas. That could reduce the potential for conflict, since any incursion on American personnel could be used as a pretext for an escalation, possibly even military intervention. However, the withdrawal cuts both ways. Removing American diplomats could get them out of harm’s way, clearing the way for bolder action. Worryingly, U.S. Secretary of State justified the withdrawal by saying that keeping them in Venezuela had become a “constraint221; on U.S. policy.

The outages have global implications. Oil prices surged at the start of the week, with WTI jumping above $57 per barrel, and Brent above $67 per barrel.

Meanwhile, the OPEC+ cuts remain in place, and Saudi Arabia has suggested that it would maintain output well below its required levels. As part of the Vienna agreement in December, Saudi Arabia agreed to limit output to 10.3 million barrels per day (mb/d). However, as of March, Saudi officials said that they would only produce 9.8 mb/d. More recently, Saudi Arabia indicated it would maintain the 9.8 mb/d level through April, a sign that even as oil prices inch up, Riyadh would rather err on the side of doing too much rather than too little.

Saudi oil minister Khalid al-Falih also indicated that the OPEC production cuts could remain in place beyond June.

Combined, Venezuela and Saudi Arabia have provided a jolt to the market. “Oil prices are rising for the second day in a row…They are continuing to receive tailwind from yesterday’s announcement by Saudi Arabia that it will significantly restrict oil supply in April,” Commerzbank wrote in a note on Tuesday. “This shows Saudi Arabia’s resolve to keep the oil market balanced by keeping oil supply tight. Additional buoyancy has come from news that the massive power outage in Venezuela, that has been ongoing for five days now, is also hampering the country’s oil exports.”

On top of that, U.S. oil production actually fell slightly in December, an indication that the blistering growth rate could be “taking a breather after a six-month-long streak of all-time highs,” Barclays wrote in a report. The U.S. averaged 11.85 mb/d in December, down roughly 60,000 bpd from November levels. The decline came as a surprise after consecutive months of rapid growth.

It is too early to come to any conclusions, and one month’s worth of data does not indicate a trend, but the collapse of oil prices in November and December may have slowed the trajectory of the U.S. shale patch. Spending cuts and pressure from investors are forcing a lot of companies to curtail their ambitions.

To be sure, ost forecasts still call for another year of massive output growth. The EIA sees production jumping by another 1.4 mb/d. But other analysts said that the spending cuts could result in output undershooting those estimates. “Fundamentally I think supply estimates for the U.S will disappoint,” Ben Dell, managing partner at Kimmeridge, told CNBC.

“We expect production growth to remain relatively soft during H1 19 but pick up pace in the second half,” Barclays said.

In short, there are several factors working in a bullish direction, especially when compared to more pessimistic forecasts from a few months ago. Demand has held steady, defying dire forecasts for an imminent collapse due to a souring economy. The OPEC+ cuts, combined with unexpected outages, are tightening up the market. And while there is a great deal of uncertainty, U.S. shale could potentially slow down.

While inventories have yet to demonstrate a decline following the OPEC+ cuts, the market appears to be tightening up. Next up: Waivers on U.S. sanctions on Iran are a little more than two months away from expiration, which offers another land mine for global supply.'

[someuwin] 13/3/2019 11:30

Hopefully the video of last night's presentation will be available soon.

[homebrewruss] 13/3/2019 11:21

Spangle nothing wrong.
A hashtag such as #JSE can be used by anyone when posting a tweet and then you can search on that hashtag and with something like JSE there may be multiple different reasons for using that hashtag - not just Jadestone related.

Agreed we should probably limit further discussions about twitter from this thread.

[walter walcarpets] 13/3/2019 11:16

thefartingcommie: with a handle like that you have about as much right as me to talk of seriousness ;-)

[thefartingcommie] 13/3/2019 11:02

are you lot taking over this previously serious and informative thread with vapid twitterati?

I do hope not..........

[spangle93] 13/3/2019 10:53

What I know about twitter could be written in less than 140 characters, but if I follow the #JSE link in your header, it talks about the Johannesburg stock exchange. What am I doing wrong?

[croasdalelfc] 13/3/2019 10:43

20 in the group

[croasdalelfc] 13/3/2019 09:57

I'm in several 'private' groups some with 75 members , the max allowed - @Croasdale01 - my profile shows my holding and prices on entry

[homebrewruss] 13/3/2019 09:49

Twitter attracts a different set of investors (perhaps more traders) but good to open up the discussion.

I'm using both but in many ways I prefer ADVFN for discussion as you can post longer posts, refer to previous posts by number and also search the threads.

[croasdalelfc] 13/3/2019 09:43

12 in group now -

[mount teide] 13/3/2019 09:34

croas - interesting - will have a look.

[croasdalelfc] 13/3/2019 09:19

Because it's always good to consider views of informed investors - I've started JSE group on twitter this morning - 5 in it so far