Jadestone Energy Share Discussion Threads

[1ajm] 14/11/2023 09:00

thats a fair point winnet. I agree that the ESG sellers are not PB fault. im also holding here and have a forcast nearly double current price for Q2 2024. i guess adding positives and negatives in a summary doesn't go down well here. I wouldn't ever have a personal jab at PB.

[winnet] 14/11/2023 08:58

hxxps://assets.investis-live.com/presentations/654d0d6468b0a01300a107dd/contentAssets/20231114_NWS_Mimi_acquisition.pdf

[winnet] 14/11/2023 08:55

1AJM, I would look at it like this, think about Blakeley's game, and what has he done with all his other businesses, yes, it's less cash to pay divis but there is a reason why you can buy this for 31.5 today.

I was becoming the guy's biggest critic, but slowly and surely he is delivering on what he said he would. I am hopeful the share price will react. But there is a lot of ESG selling and then a shed load of warrants, so why would anyone buy in volume given that? Better to wait until its all out the way then leap in.

[fardels bear] 14/11/2023 08:35

Gather ye rosebuds while ye may.

[1ajm] 14/11/2023 08:34

Ash. have you got a breakdown for your 'boom to 100p' makes you sound straigh from a cryptocurrency thread when you just splurt stuff like that out. forcasting 50p Q2 2024 when share price is currently struggling to keep 30p with 7kbopd of new production announced is fairly positive for me.

[1ajm] 14/11/2023 08:28

new aquisition sounds nice. Another $100m locked away doesn't.

[pughman] 14/11/2023 08:26

Your right, my apologies.

[1ajm] 14/11/2023 08:21

ashkv. this is my only account, i made it ages ago (sept 2018) and never used it. yes i've only posted on this thread. Never held more in JSE than I do now. Maybe my thought process is a bit less rose tinted then yours. going from 109p to 25p in largely avoidable incidents will do that.

[pughman] 14/11/2023 07:36

There's a payment of $23m to NOPTA, that was absent for their first CWLH purchase?

[arlington chetwynd talbott] 14/11/2023 07:36

Does seem to slightly lessen our dependence on Montara.

[ashkv] 14/11/2023 07:32

Look forward to the webinar this morning - I will submit inquries re Montara repairs

Webcast

The Company will host an investor and analyst presentation at 9:00 a.m. (GMT) to discuss the Acquisition, accessible through the link below:

Webcast link: hxxps://www.investis-live.com/jadestone-energy/654d0d6468b0a01300a107dd/hsrt

Event title: Acquisition of Additional Interest in the CWLH Oil Fields

Time: 9:00 a.m. (GMT)

Date: 14 November 2023

To join the presentation by phone, please use the below dial-in details for the United Kingdom or the link for global dial-in details:

United Kingdom (Local): [phone]

United Kingdom (Toll-Free): [phone]

Global Dial-In Details: hxxps://www.netroadshow.com/events/global-numbers?confId=57933

Access Code: 751420

[winnet] 14/11/2023 07:29

Seems like decent deal. Well done Blakeley.

[croasdalelfc] 14/11/2023 07:29

20kboepd by end Q1 2024 . 25kboepd by end Q2 2024

[croasdalelfc] 14/11/2023 07:28

Importantly the closing adjustment of net $3-6m to JSE doesn't include the proceeds of the next lifting in Q1.The first payment of $42m for the decomm fund will be ~$36-39m and largely paid for by these proceeds - a very nice deal!

[ashkv] 14/11/2023 07:27

RNS Number : 3710T
Jadestone Energy PLC
14 November 2023

Acquisition of Additional Interest in the CWLH Oil Fields

[croasdalelfc] 14/11/2023 07:13

And while I was typing we get a nice bolt on . Well planned and managed . Buy now pay later. Back dated 18 months

[croasdalelfc] 14/11/2023 07:07

I don't remember anything about Akatara royalties only that govt has a 10% back in right which they are likely to exercise.Slide 16 gives economic drivers. $80m a year plus tax pool and possible extra resource base gives me comfort that that it's a decent mid cycle project .hTTPs://www.jadestone-energy.com/wp-content/uploads/2022/06/20220606-JSE-FY21-results-presentation-vF.pdf

[lord gnome] 14/11/2023 07:07

2.5 times Ashkv. Even better. I'll get my coat ;-)

[ashkv] 14/11/2023 05:11

What a fantastic recovery as JSE will have attained Q2-Q4 2023 9m production average of 14,500-15,000 boe/d post Montara restart (with the shutdown in between). With current wells I estimate average production at present around ??19-20k boe/d??

JSE's ENTERPRISE VALUE (Market Cap + Debt - Cash] FOR THIS LEVEL OF PRODUCTION AT 30.40P IS A MEASLY USD 195 MILLION

JSE WILL RERATE VIOLENTLY UP - OH HOW I HOPE A BID CLOSE TO 80-90p hits and burns the shorters!!!!

Current production is not anywhere near adequately valued - LET ALONE THE MIGHTY AKATARA WHICH PER MANAGEMENT TOP GUIDANCE COULD ADD 10K Boe/d


AS LONG AS MOTNARA DOESN'T SPUTTER JSE IS ONE OF THE SUPER BARGAINS IN THE AIM UNIVERSE!!!!

2x in 1 year at minimum is my call on JSE as long as Brent is around $80!!!

[ashkv] 14/11/2023 05:05

I have retained the "current production" per JSE RNS update from September 2023.

Any estimates for actual current production with the new wells and stabilized Montara production at 7000 boe/d? Thanks

JSE Share Price: 30.40p
Brent: $83.00
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 44.76%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -67.38%
Shares Outstanding: 540,693,017
GBPUSD: 1.2300
13 Nov 23 RNS Revised Upward Range Q2-Q4 2023 Average Production Mid-Guidance (14,000 - 15,000 boe/d from APR 23 to DEC 23 ): 14,500
Jadestone Production Average from 1 Jan 23 to 12 Nov 23: 13,100
Current Production Sep 2023 Avg Production (As per 9 Sep 23 RNS): 17,000
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 Standby Facility): $124,000,000
Market Cap (GBP); £164,370,677
Market Cap (USD): $202,175,933
ENTERPRISE VALUE (USD): $194,393,933
EV/Barrel(USD) Mid-Guidance 2023 (Q2-Q4 Average): $13,406
EV/Barrel(USD) Average Production YTD 12 Nov 23(Montara offline Q1 2023): $14,839
EV/Barrel(USD) Sep 2023 Avg Production (As per 9 Sep 23 Montara Operations Update RNS): $11,435
EV/Barrel(USD) 2022 Actual Average Production: $16,923
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $8,100
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $45,238
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.00