Jadestone Energy Share Discussion Threads

[mint1111] 31/8/2023 13:02

I've bought some too. It goes at least to 45 p without too much effort. Let's hope it's problem free from here on in.

[badger60] 31/8/2023 12:58

At the current offer of 37.5p the mkt cap is a lowly 204 Mio quid..,...fill yer boots.....I just bt another 25k

[badger60] 31/8/2023 12:46

At 40pps it still only has a 218 Mio mkt cap!

[chessman2] 31/8/2023 12:42

Hmm, I should have bought more at 22p and brought my average down further!!

C’est la vie. However, I do not disagree with the target of 60p by December time.

[badger60] 31/8/2023 12:40

Up she goes 40p coming soon methinks.........

[badger60] 31/8/2023 12:38

Sorry got that a bit wrong. .....PTal can't get a credit line from PetroPeru."ONP Update. As announced in May 2023, the Northern Peruvian Pipeline ("ONP") briefly resumed pipeline operations on April 12, 2023, after over a year of being shut down for maintenance and social unrest related reasons. Currently, the pipeline is operational, however, the Company is not delivering any oil into this route, due to Petroperu's credit line not being available."

[badger60] 31/8/2023 12:14

Jungmana
My friend also owns PTal....very pleased with the Divi etc.,and yes it has excellent management.
The downside is that they don't use the available pipeline, because they don't get paid(FFS), and no matter how good the management are they can't control the rainfall, which if a drought happened would be potentially catastrophic.
.......at least you can fix an FPSO, and you're in control, albeit it may be costly etc. ...,

[pughman] 31/8/2023 12:04

The PTAL CEO is top drawer,the market tends to value those deliver on what they promise, and he does that amid numerous challenges.

[jungmana] 31/8/2023 12:02

Personally I have a target of 60p here in the short term (3 months)

[jungmana] 31/8/2023 11:59

I do hold some ptal, the 2 main difference is ptal productiin is totally oil , pay a dividend and are debt free. Jse has debt and funding atakara. As I said I hold both

[badger60] 31/8/2023 11:42

From Petrotal RNS"Looking ahead to Q3 2023, the Amazon River water level is currently low near Iquitos and is consequently forecast to be low on the Brazilian side near the end of Q3 2023, leading to a lighter barge fill requirement projected for most of the quarter. As a result, the Company is reiterating its full year oil production guidance of 14,000 - 15,000 bopd. "

[badger60] 31/8/2023 11:23

For example Petrotal is giving a 2023 full year guidance of 14-15k bopd.....mkt cap at a share price of 43p is 395 million quid. ie twice + JSE's mkt cap for same production.........and they have problems delivering oil because they use barges to transport it. But when the river water gets shallow they can't work to capacity.
Next year with Akatara online JSE could well be producing 30k boed.... or. maybe more......which using PetroTal valuation is the thick end of 800 Mio mkt cap...or 150p+ ps.

[badger60] 31/8/2023 10:33

Hopefully this sorts the Montara problem....from today's RNS"The Company is pleased to announce that, following an investigation and assurance review into the 4S/5C tank defect, it intends to restart production at Montara on 1 September 2023.Production will be restarted from one well at an expected rate of c.1,000 bbls/d to recommission the FPSO's oil production system, followed by gas compression, allowing further wells to be brought back online within several days. At this point, production is expected to increase to c.6,000 bbls/d, the rate prior to the shutdown at the end of July 2023.The Company will continue to utilise a shuttle tanker to provide additional storage during this period of constrained FPSO storage capacity"........

[z1co] 31/8/2023 10:21

Ping .............

Intra day high.

The big question is will it ping ..... past 40p by next week ?

[badger60] 31/8/2023 09:58

At 35 PPS the mkt cap here is circa 189 Mio......which is ludicrously cheap. The Montara issue, while serious, I think was very overdone share price wise. Obviously it needs to be addressed, and management are doing that as priority number one, especially being aware of how important it is to get production back on song.

[z1co] 31/8/2023 09:40

A lot of pings .......

Just to clarify this is my first ping of the day!

[badger60] 31/8/2023 09:38

JungmanaYep......same here, I was a bit top heavy on PRD anyway.....and this one I started buying at 27p, so just sit back now and wait. Hopefully both JSE and PRD will be winners. ...;+)

[jungmana] 31/8/2023 09:29

Badger ,as I said I still hold half at about 29p average. More comfortable with that.

[badger60] 31/8/2023 09:26

JungmanaI'm happy to keep accumulating JSE for the reasons I've already expressed.However, I get your point re.selling a few. Each to their own. I sold a few PRD yesterday and today to make room for more JSE.

[stemis] 31/8/2023 09:26

Why would you be buying just to sell on the Montara restart??

Because they've scalped ~50% in a matter of weeks but don't have faith in the longer term prospects of a business which in the last year has stumbled from one problem to another? Whether you (or indeed, I) agree with them or not, the 'why' is relatively straightforward

[jungmana] 31/8/2023 09:18

Am one of those . First bought in about 39p and added more bringing my average to about 37p. was gutted to see it drop to 22p after the shut down but bought a lot more about 22 to 23p bringing my total average down to about 29p.Took half off the table today about 35p.What's the risk of these issues with the tanks causing shut down happening again in a few months? Happened twice already.That's the key reason I trimmed half my holding today.

[badger60] 31/8/2023 09:15

stWhy would you be buying just to sell on the Montara restart??Ok if you're trading it...but there's so much value here that is not reflected in the share price One technical is the 45p floor on the June 50 Mio quid new issue.....then there's Montara restart ......and in a few months Akatara should be contributing 10k + boed....at least a quid+ s share....and that's conservative, imo.....

[resurrect123] 31/8/2023 09:13

but of course they'll have lost 20 million revenue already
this appears to be a staged restart so will take a bit to get back to full production
confidence in montara dented, can this happen again

i wouldnt hold out much hope for 60p before Akatara

[fardels bear] 31/8/2023 09:07

Because on the last restart the price had just begun to stabilise and show signs of rising. Plus the activity elsewhere in the business adds value.

[stemis] 31/8/2023 09:05

The share price is now back to pretty much exactly where it was before the latest Montara shutdown. If you were buying just for the restart, why would you hold on longer than this?