Jadestone Energy Share Discussion Threads

[s34icknote] 19/9/2023 09:20

Hope no one got mugged this morning !

[sleveen] 19/9/2023 09:19

Enhanced inspection is comforting.

[mint1111] 19/9/2023 08:40

All other things being equal 40pps+ should be on the cards pretty soon.

[nigelpm] 19/9/2023 08:39

Lots of positives in there - all cost estimates expected to be at lower ends.

[pughman] 19/9/2023 08:37

IF, the travails at Montara are over, the shares are cheap.

[sleveen] 19/9/2023 08:34

Bought 40k @ 33.5999, in a few months that'll be a steal.

[fardels bear] 19/9/2023 08:23

Looks like a good entry point to me, if you are in funds.

[fardels bear] 19/9/2023 08:20

Current production then is above H1 2022. Not so shabby when all is said and done.

[fardels bear] 19/9/2023 08:14

So it would appear the MM just trying for some cheap stock, unless the Rock Steady Crew has opened another short :D

[ashkv] 19/9/2023 08:14

I don't comprehend the drop - I viewed it as a positive update.

JSE Share Price: 32.50p
Brent: $95.00
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 54.76%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -65.13%
Shares Outstanding: 540,693,017
GBPUSD: 1.2375
Production Mid-Guidance 2023 (Q2-Q4 Average JSE Recent Guidance 13,500 - 15,000 boe/d between April and December 2023 ): 14,250
Jadestone Production Average For Half Year 2023 (Montara offline Q1 2023): 12,339
Current Production (6,250 Boe/d Montara Production Plus 1,680 East Belmut Infill, Plus 10,000 Boe/d production sans Montara -> Per HY 2023 Results RNS): 17,930
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 30 June 23: $111,000,000
Cash (USD) 30 June 2023: $118,782,000
Net Cash (USD) 30 June 2023 : $7,782,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standy Facility): $124,000,000
Market Cap (GBP); £175,725,231
Market Cap (USD): $217,459,973
ENTERPRISE VALUE (USD): $209,677,973
EV/Barrel(USD) Mid-Guidance 2023 (Q2-Q4 Average): $14,714
EV/Barrel(USD) Average Production HY 2023 (Montara offline Q1 2023): $16,993
EV/Barrel(USD) Current Production (As per 31 Auguat 23 Montara Operations Update RNS): : $11,694
EV/Barrel(USD) 2022 Actual Average Production: $18,254
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $8,737
Decommissioning Expense (Asset Restoration - FY 2022 Results): $493,985,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $41,392
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.24
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 13 July 23: 74.50p
% Upside to 12 Month Analyst Target Price: 129.23%

[ashkv] 19/9/2023 08:12

17,930 boe/Current Production with East Belmut Infill Well (JSE 60%) outperforming on start though expected to stabilize at lower levels.

JSE Current Production ->
+ 6,250 Montara(September to date (18 Days)
+ 1,680 East Belmut Infill Well Online (60% JSE)
+ 10,000 JSE other production

[pughman] 19/9/2023 08:11

Nothing to scare the horses there, given the expected sharp rise in finance costs. All down to day to day ops delivering now, JSE will have to earn the market's trust again.

[sea7] 19/9/2023 08:09

MM definitely having a go first thing

[fireplace22] 19/9/2023 08:00

thanks sea7 i missed that.

[badger60] 19/9/2023 07:56

This is the bit that I like abou Akatara.....also Montara now producing 6500bbd

"We are on track to be 65% complete by the end of September, for commissioning activities to begin in the first quarter next year, and first gas to be delivered in first half of 2024, as promised."

[sea7] 19/9/2023 07:55

We continue to assess further acquisition opportunities that are consistent with our ambition of delivering growth

..

That is all I see about further M and A.

[puzzler2] 19/9/2023 07:54

I think that's because they need to consolidate what they have first.

[fireplace22] 19/9/2023 07:46

Malay drilling beating expectations but nothing on any add on acquisitions or comment on anything being considered as there usually is.

[fardels bear] 19/9/2023 07:45

MMs look like they are going to have another go first thing.

[fardels bear] 19/9/2023 07:44

But H1 2022 was before the Montara incident.

[kaos3] 19/9/2023 07:29

i was surprised that full year production 2022 was 11,487 after H1 2022 produced 15,008

as they reported today

[dcarn] 19/9/2023 07:25

All seems 'steady as she goes'. We need to see the next nine months out of the way with no significant issues and get Akatara online as planned.

[fardels bear] 19/9/2023 07:14

I don't see any surprises there.

[kaos3] 19/9/2023 07:13

USD'000 except where indicated H1 2023 H1 2022 FY 2022
-------------------------------------- --------- --------- ----------

Production, boe/day(1) 12,339 15,008 11,487


interesting comparison fy 2022 to h1 2022

[croasdalelfc] 18/9/2023 22:41

Tapis shown here is currently $103.5/bhTTps://www.aip.com.au/pricing/international-prices/international-market-watch