Jadestone Energy Share Discussion Threads

[s34icknote] 23/11/2023 15:17

100 k buyer still here

[croasdalelfc] 23/11/2023 09:54

The flow tests on one well at Akatara back in July are underrated .Up to 1465 boepd (8.5mmscfd) from one well with further untested flow potential - that is just the gas .Flow plateau of 25mmscfd should be easily achieved from 3/4 wells max .Those workovers started in Oct. They have a pool of 8 previous oil wells to workover . Remember the gas is untapped and above the oil in the UTAFConclusion by management of the well service test:Well test program confirms original view of gas qualityReservesAnd Upside potential

[croasdalelfc] 23/11/2023 09:43

The best case in the Akatara CPR has a Plateau of 9 years rather than 7 for mid case . I believe management are confident of hitting that .One downer is the govt still has a back in right of 10%

[thedudie] 23/11/2023 09:04

Price seems to be moving more freely with published trades ....for once.
Whatever overhang there was appears gone?

[s34icknote] 23/11/2023 09:01

35p paid seller gone !

[s34icknote] 23/11/2023 09:00

Looks like market starting to realise how far this has fallen !!

[tag57] 23/11/2023 08:55

Yep, wanted £5k but nothing available, yet only offering 33.1p to buy!

[fardels bear] 23/11/2023 08:22

Interesting, thanks. Means the asking price about to go up in my experience. But 1k? Seems a bit drastic to nickel and dime you for three hundred quid's worth.

[tag57] 23/11/2023 08:16

Can’t even buy £1k on HL at the moment.

[xxnjr] 23/11/2023 02:56

ah thanks thedudie, your cashflow analysis is a lot more insightful than my revenue approach. Just for completeness the liquids made up the revenue shortfall referenced by Horndean Eagle.

"the Akatara gas field will deliver a gross plateau production of approximately 6.1 kboe/d, based on an estimated gas production rate of 18.8 mmscf/d gas (gross), plus associated condensate and LPG, for a duration of seven years."

so about 2.7K bopd liquids net at let's say $70/bbl.

2700 x 365 x $70 = $69m + $36m (gas) = $105m annual revenue.

[thedudie] 22/11/2023 20:57

Akatara..



The best way of looking at it is free cashflow rather than top line revenue.

Page 10 gives you a free cash flow graph for Akatara.
The graph looks like an investment of about $110m (maybe + earlier costs) will generate free cashflow of about $325m over 10 years. Put that into an IRR calculator and it will broadly agree with the companies 40% IRR.

I think the company believes this is very much the base case - the management seem sure that additional volumes are likely to be available that will boost the return presumably by keeping the production plateau going for longer.

[horndean eagle] 22/11/2023 19:29

Its a lot more than that. In one of the presentations it showed the cashflow profile of akatara. Annual revenues in excess of $100m.

[xxnjr] 22/11/2023 16:52

my mind always goes blank when it gets to mmbtu's. is it something like this?

90% of Akatara gross plateau 18.8 mmscfd = 16.9 mmscfd
X 1040 = 17596800000 btu's, or 17596.8 mmbtu's per day

X 5.60 = $98,542 a day, as gas priced at US$5.60/mmbtu

or about $3m/mth, $36m/yr revenue

plus any volumes of lpg's and condensates.

[thedudie] 22/11/2023 15:19

I am hoping so HE... I bought a few more to see if it works out that way.

If it was worth £1 early last year with what they had, then I think post dilution but with Akatara, increased CWLH share and being in a number of other datarooms then it must be worth more than 30p.

Simples.

[horndean eagle] 22/11/2023 14:52

Get the feeling overhang has cleared somewhat. The company will be holding a group investor presentation in early Dec. Get the feeling they are now confident enough to get on the front foot and relaunch the story so wouldn't be surprised if we see further upside in run up and post meeting.

[s34icknote] 22/11/2023 11:08

Slowly dragging itself back up !!!

[fardels bear] 21/11/2023 10:41

Since before the first Montara shutdown. All the way back to that New Zealand fiasco.

[1ajm] 21/11/2023 10:19

Alright. Since Montara restart?

[fardels bear] 21/11/2023 10:14

We have discussed this over and over. Before you got here.

[fardels bear] 21/11/2023 10:06

Try Specsavers.

[1ajm] 21/11/2023 09:53

Some shameless emotion based pumpers on here. Not everyone.

JSE has great potential I F things go smoothly. Need 2018 JSE smoothness and momentum back ASAP. The last couple of weeks has had a twinkling of that.

Things can go wrong (ref. 1year share price chart) but they can on every single AIM share. Understand and discuss that instead of tunnel visioning. Its part of being a long term investor not cheerleader.

[1ajm] 21/11/2023 09:20

He means because he never wants to see them again?

[fardels bear] 20/11/2023 17:21

Filtered. Clown.

[impossible123] 20/11/2023 16:33

I wish the seller a long life, and an early Merry X'mas!

[fardels bear] 20/11/2023 16:27

No, it is unlikely to be directors. Doesn't really matter as long as it ain't Euroclear.