Jadestone Energy Share Discussion Threads

[fardels bear] 04/12/2023 11:54

It's actually four weeks minus one day. Why do I get the feeling you speak with forked tongue.

[1ajm] 04/12/2023 11:27

again nearly double the share price in 6months shouldn't be 'troll low ball values'

.

I'll cheer you guys up with some of your favourite quotes on this great RNS day;
boom to 100p.
where is the chinese takeover.
buy us out at 140p.
this should be 60p yesterday.

[thommie] 04/12/2023 11:18

Thats very encouraging. So, the infill drilling alone is adding 6000 bopd at 10 000 bopd gross. Thats the whole montara production for peanuts on top. LOL. Finally the good news keep coming.

[fardels bear] 04/12/2023 11:05

He doth protest too much, methinks.

[ashkv] 04/12/2023 10:39

At 37.25p Enterprise Value (Market Cap + Debt - Cash) of USD 250m for 20,000 boe/d of oil which in 6-9 months should be approaching 30,000 boe/d

Unreal valuation!!! Surely the big guns will be loading up soon!!!

JSE Share Price: 37.20p
Brent: $78.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 77.14%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -60.09%
Shares Outstanding: 540,693,017
GBPUSD: 1.2700
4 Dec 23 RNS Revised Upward Range Q2-Q4 2023 Average Production Mid-Guidance (14,500 - 15,000 boe/d from APR 23 to DEC 23 ): 14,750
Jadestone Production Average from 1 Jan 23 to 4 Dec 23: 13,500
Current Production -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): 20,000
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); £201,137,802
Market Cap (USD): $255,445,009
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $247,663,009
EV/Barrel(USD) Revised Upward per 4 Dec 23 RNS Mid-Guidance for Q2-Q4 2023 Average Production: $16,791
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $18,345
EV/Barrel(USD) -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): $12,383
EV/Barrel(USD) 2022 Actual Average Production: $21,560
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $10,319
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $41,116
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.82
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: 100.27%

[ashkv] 04/12/2023 10:36

Solid buying today!!!

# Trades 130
Vol. Sold 460,585
Sold Value £170.80k
Vol. Bought 1,687,171
Bought Value £629.89k

[ashkv] 04/12/2023 10:32

The troll is at it again - giving some low ball estimates as to share price

SP should be north of 60p yesterday...

And I am not being a ramper... 2p reserves in low tax/premium to brent crude - mega project with a 10 year life coming online, placing at 45p when situation far more dire / production lower and Akatara production a year away etc etc.

I am hoping for 50-60p by year end if crude perks up.. Perhaps 40p if crude is not north of $80 at Brent of $90 plus I would think 60p by year end is achievable...

The newly bought online barrels are unhedged and any uplift in crude will add strongly to the bottom line. Also expect a pleasant financial status update post the upcoming large lifting in December 2023 :)

Also believe JSE is a takeover target at these levels... and wouldn't be surprised if a cheeky low ball offers shows up....

[11_percent] 04/12/2023 10:17

All good......I did not think we would be producing over 20,000 boed in 2023.

[1ajm] 04/12/2023 09:46

friday wasn't a hoax! nicely timed RNS for PB.

Very nice update. Belmont is an absolute gem, another drilling program after akatara is running could get them towards 30k bopd? going to build cash up for the debt nicely IF things stay smooth. IMO DYOR AIM.

[spawny100] 04/12/2023 09:30

37.2 to buy and 37.21 to sell a substantial amount right now!

[ashkv] 04/12/2023 09:15

Sadly I still own some SQZ - but should divest it towards other better run / higher likely return prospects...

SQZ's super expensive and value destroying 2023 acquisition of Tailwind Assets in hydrocarbon hating UK is rivaled only by Soco's epic disaster Merlon acquisition and CNE's Egyptian asset buy for value destruction in my over a decade of tracking AIM/FTSE energy firms...

My intention is not to ramp - I am confident in JSE and am not a "trader" - just being silly as Stemis got on my nerves with his dubious unhinged assessments about the prospects of JSE!!!

Arlington Chetwynd Talbott4 Dec '23 - 08:18 - 20361 of 20367
0 7 0
Both are good companies. Ramping what you are in and trashing what you are not in is never a good strategy.

[impossible123] 04/12/2023 08:55

The Malaysian update is doubly good. It's 2x anticipated target.

I think this could be the beginning of a sustained trajectory upward share price. No quote to buy even 500/1000 shares but could sell loads for 36.72p. Maybe just maybe JSE holders could have a prosperous X'mas.

[fardels bear] 04/12/2023 08:46

Nor did the septics so you're in good company. Er..

[kaos3] 04/12/2023 08:43

JSE gave us good results, fast track vision to the cash generation and geological growth vision on the present operation

superb

ps - i do not understand vietnam

[thedudie] 04/12/2023 08:38

A very good update.
The 4th tie in on East Belumut looks like it will be another great result. Presumably they will therefore exit the year at around 22000boepd.
Hopefully the compressor maintenance goes to plan.

I guess the presentations are this week then as this RNS clears the way to talk about current production.

[paduardo] 04/12/2023 08:26

On re-reading a couple of other pieces of good news I didn't grasp first time round. 1 - The production figures don't include the 4th well 2 - the Akatara project has gone from 83% ti 87% in 3 weeks. At that rate will exceed 90% year end (circa 92%).

[nigelpm] 04/12/2023 08:23

Indeed - both amazing value at current prices for different reasons. I'd probably get more excited about JSE given upcoming Akatara and chance to revalue quicker. Serica however is printing cash.

[arlington chetwynd talbott] 04/12/2023 08:18

Both are good companies. Ramping what you are in and trashing what you are not in is never a good strategy.

[ashkv] 04/12/2023 07:58

Great I averaged down big in the 20s... breaking even soon... as compared to your imaginary SQZ positioning at the 2 year low :)

[yasx] 04/12/2023 07:57

Surely this must trade higher than 40p today…

Adding more at the lows and holding tight proved to be the correct call.

[croasdalelfc] 04/12/2023 07:46

A extra 160k barrels to be lifted this QImproves liquidity22kboepd should be an achievable average in 2024 even with declines. That would be 60% more than 2023 and a record for the company.20k now - add on Akatara 5K from May (2.5k average for the year) and CWLH at 2.4k - take away decline and maintenance.

[stemis] 04/12/2023 07:44

Still living rent free in your head I see.

However, with dividends, currently up about 15% on my buy price in 8 months. How's JSE doing compared to your buy price?

[ashkv] 04/12/2023 07:37

Knock knock Stemis??? How is your darling SQZ doing in comparison???

Harbour Should drop a billion and steal JSE for 140p!!!

[ashkv] 04/12/2023 07:35

Superlative update and would hope for a solid bounce - but with oil market sentiment in the doldrums... might be a gift of a top up opportunity.

At a share price of 35p Jadestone Energy has an Enterprise Value of a measly USD 233million for TWENTY THOUSAND BARRELS OF CURRENT PRODUCTION WITH 27 to 30 Thousand Barrels of production likely on Akatara plateau in Q3 2024!!

Compare this with Enterprise Value per barrel of Enquest and Harbour in super high tax UK and even highly leveraged Tullow that produces offshore Banana Republics!!!

JSE Share Price: 35.00p
Brent: $78.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 66.67%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -62.45%
Shares Outstanding: 540,693,017
GBPUSD: 1.2700
4 Dec 23 RNS Revised Upward Range Q2-Q4 2023 Average Production Mid-Guidance (14,500 - 15,000 Boe/d from APR 23 to DEC 23 ): 14,750
Jadestone Production Average from 1 Jan 23 to 4 Dec 23: 13,500
Current Production -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): 20,000
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); £189,242,556
Market Cap (USD): $240,338,046
ENTERPRISE VALUE (USD): $232,556,046
EV/Barrel(USD) Revised Upward per 4 Dec 23 RNS Mid-Guidance for Q2-Q4 2023 Average Production: $15,767
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $17,226
EV/Barrel(USD) -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): $11,628
EV/Barrel(USD) 2022 Actual Average Production: $20,245
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $9,690
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $40,361
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.59
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: 112.86%