Jadestone Energy Share Discussion Threads

[dunderheed] 09/9/2023 09:40

Thanks for the supportive posts guys.
Each to their own!

[badger60] 09/9/2023 09:02

FB
CLN is a convertible (into equity) loan note/bond.......normally issued to companies that struggle to get financing by other means. There's various conditions attached.... The Hemogenyx one (Mint the lender) when MadVlad the CEO tapped into the loan they could convert at a 15% discount to market price, and also given pre warning no doubt forward sold as well as getting the 15% discount. In less than 3 months the share issuance went from circa 300 Mio to over 900 Mio and the share price fell from 9p
to 1.2p.
Now you know what a CLN is......and you can now sound intelligent when you talk about it (maybe).

[badger60] 09/9/2023 08:50

chessman2
You don't own any JSE shares then? Or maybe you've bought and sold already....,

[winnet] 09/9/2023 08:13

Dudders - agree with you on filtering the pest, done that, disagree on Starmer, but am by no means his biggest fan!

I am hoping for some infill upside at Montara soon. I continue to hold a shed load at a much higher average price than 40pps. But if they do what they say they'll do, i will add in the coming months.

[chessman2] 09/9/2023 07:59

B60, congrats on your dealing successes. I hope you and other holders have a similar success here.

DBL employed some good traders before the firm came to an end. I had clients there in the 1980s and enjoyed some good lunches.

Incidentally, DH is not a 2 bob trader but another shrewd investor.

[dunderheed] 08/9/2023 15:54

KS best to filter badger. I used to enjoy some of his / her posts but to be honest, they are just plain boring now. Wtgr and imho!! But thank you for "defending" TXP because similarly to JSE they seem to be excellent value mow, again IMHO!!

[dunderheed] 08/9/2023 15:51

Also it is highly debatable as to whether Starmer did a good job at cps. Just ask the additional women raped by Warboys as a direct result of his interference, which he errr refuses to "discuss".
His kneeling antics just go to show what a slave to fashion he is and will stop at nothing in his pursuit of power.
But this is not a debating thread so I'll keep it at that.

[badger60] 08/9/2023 12:22

Brent 90.5 bbl

[fardels bear] 08/9/2023 11:26

I'm not particularly anti Starmer, per se, but the long knives can flash at any time in that party and I don't fancy any of the other neverwozzers at all, I'm afraid. Probably I mean trust..

[lr2] 08/9/2023 10:48

Wrong thread.

[badger60] 08/9/2023 10:36

Sorry winnet but you seem to be oblivious to the "New" big picture. Politicians are mere pawns of the ruling elite. We've been lied to for eon's, and fobbed off with the illusion that we live in a democracy. We live in an ever more repressive tyrannical oligarchy, and make no mistake about it.

[winnet] 08/9/2023 10:28

Bear - give me an honest idiot any day.

I am by instinct a social conservative. I believe in the power of markets, but I also believe in the social contract as a counterweight to anarchy.

Say what you like about Starmer [if he kneels or not is rather irrelevant to me], but at least he's competent [his time at the CPS proved that]. The country just needs a competent centre ground administrator figure that won't do anything too silly [i don't want free broadband, nor do I want floating detention centres], so we can all just get on with our lives and businesses. I also want my kids to be educated in schools that work, with enough qualified teachers and I also want to see a GP within a week or so... I want to pay a fair share of tax, but not have all my wealth sucked from me and I want to share my success with the community I live in.

And i really don't want to be forced to buy a frigging electric car!

I don't think this too much to ask!

Sorry rant over!

[badger60] 08/9/2023 10:25

Brent back through 90 bucks a barrel.......

[king suarez] 08/9/2023 10:21

That's fine, but other people (who read this board) might have an interest in TXP and so it is within my rights to provide an (imo more detailed) counter argument to yours. People can then make their own comparisons.

FWIW I consider both TXP and JSE to have considerable upside from current levels.

[badger60] 08/9/2023 10:17

KS
No disrespect, but I really have very little interest in TXP, and certainly wouldn't buy any. I mentioned it because their RNS coincided with JSE's, so I made a quick and dirty comparison. It really is a no contest, substantively, in favour of JSE.

[king suarez] 08/9/2023 10:04

badger60,

"their gas find hasn't impressed"

Cascadura came on stream on 6 Sept and has 2 wells already tested with v high flow rates. They will be at 60mmcf/d (within weeks of ramping up) + 1,400 NGLs initially, then ramping up further to 90mmcf/d (current facility capacity), there will then be a couple of additional development wells and facility expansion to max at 200mmcf/d + 5,000NGLs.

Combined with Coho development (up to 24mmcf/d) and legacy oil production will equate to c35kboepd - this is all within the next 12-18 months. I would say that is 'something to get excited about' rising production over 10 fold.

"what else do I need to research"

The above suggests you haven't researched any of that and are just looking at current production, ignoring the ginormous gas asset that just came on stream?

"Also they are unsure how much that they will get from the new gas find"

What are you basing this on? Wells have been flow tested and facility capacity stated multiple times. There is also an independent CPR stating best case c0.5TCF based on just the 2 Cascadura wells drilled to date (which were unbounded - i.e didn't find the edge of the hydrocarbons in either).

"There's not a terrific amount going on there to get excited about"

I'd disagree and I haven't even mentioned any of the exploration prospects that will be drilled and self-funded from Cascadura cash flow.

I don't disagree that management have been poor on guidance and executing timely, but I am not looking to argue the relative merits of TXP and JSE, I just hold both and think your original post was not conveying the merits of TXP whether deliberately or otherwise.

[badger60] 08/9/2023 09:55

KS
I'm merely expressing my opinion, and it's not my problem if you don't like it. There's not a terrific amount going on there to get excited about, imo and substantively JSE has much more to offer, especially going forward. Existing production of JSE is x5-x6 that of TXP the mkt cap is only circa 60mio higher,and net debt is circa 28 Mio....what else do I need to research? Also they are unsure how much that they will get from the new gas find .
If I really wanted to bad mouth TXP, I'd be saying that the people who own it are cretins and losers, but I wouldn't say that .....

[king suarez] 08/9/2023 09:23

badger60, either you have not researched TXP or that is a very disingenuous post. I hold both JSE and TXP.

[badger60] 08/9/2023 09:09

It could be much worse ,I suppose. Look at TXP, well down but in all fairness, imo, it doesn't deserve to be up where it's trading ATM. Mkt cap say 155 Mio currently producing 2500 boed and net debt of 28 Mio. Nothing there to get excited about....their gas find hasn't impressed .

The window for cheap JSE stock is closing as Akatara continues to progress and hopefully Montara delivers to its potential. With other bits and pieces JSE could well be a 30k+ boed producer sometime next year......pay down/off the RBL and maybe we are looking at 2 quid a share......if oil/gas prices remain firm.

[badger60] 08/9/2023 08:39

The idiots are still selling at these levels and the MMS are keeping the share price low. Mates rates again.....100k mid market trade ...all the other pi purchases are higher, of course.