Jadestone Energy Share Discussion Threads

[nigelpm] 13/12/2023 10:55

The fairly immaterial report has clearly unnerved a few.

[1ajm] 13/12/2023 10:10

expected a bit of a bounce back this morning.

the oil price and the demand for oil does not correlate.

[sea7] 13/12/2023 08:46

The enterprise agreement that was agreed with the unions for stag, covering the period 2022 to 2025 indicates the following..

14.5 Annual Review

14.5.1 The salary rates set out in this Agreement will be adjusted by the Consumer Price Index – All Group – Weighted annual average of eight capital cities (CPI) as at the most recent quarter. A safety net of 2% and ceiling of 4% will apply to the increase. For the avoidance of doubt if the CPI is less than 2%, the safety net of 2% will apply. If the CPI is greater than 4%, the ceiling 4% will apply. If the CPI is between 2% and 4% the specified CPI will apply



CPI for australia reported as of October 25th advised..

12 Months to the September 2023 quarter - CPI rose by 5.4%

If the ceiling in the agreement is 4% and CPI was up by 5.4% - then they are looking for any angle and I suspect that this move by workers and the OA is driven by pay.

link to cpi data..

[s34icknote] 13/12/2023 08:30

We often have smoke alarms go off in offices Often they get switched off when they are going off as false alarms or they are isolated when work is being carried out ????May be they were isolated as they knew they had issues in certain areas that were being visually managed ?

[fardels bear] 13/12/2023 08:22

I expect its being used as a bargaining tactic. Looks like a bluff was called.

[swanvesta] 13/12/2023 08:17

Looks like there are tensions between workers and management. Who knows what really happened.

[nigelpm] 13/12/2023 08:09

Either way if the company felt it in any way material to operations they would have disclosed it via an RNS.

[sleveen] 13/12/2023 07:50

Why were the various detectors switched off?

Is that standard procedure, if yes then no issue.

If no, then WTF and why was it done?

[fardels bear] 13/12/2023 07:44

Why would they want to sell the company? This isn't an AIM special where the directors set up with tens of millions of shares each, do a deal with some small instis and sit there doing wildcat drilling on the off chance until the money runs out or they get lucky and make a fortune or fail and dilute the shareholders to hell and then do it all over again. I call that doing a Bramwell. But there are plenty of others.

[bubbabubbabubba] 13/12/2023 01:14

Would they be able to find a buyer if they wanted to sell the company?This is worth a lot more than 200 million quid

[1ajm] 12/12/2023 19:15

Interesting article, thanks. Yeah I'd guess that and bad oil price day sums up the drop.



"NOPSEMA agreed to an independent investigation around a week ago, the OA said. Initially, the regulator had attempted to allow Jadestone to self investigate. In response to a query from Energy Voice, NOPSEMA said Jadestone had notified it of an incident on October 29. This included an inspection of the facility on November 7-10."


Hard to know the true agenda once work unions are involved, pushing action after NOPSEMA themselves did a facility inspection.. Although if true it's careless, after montara JSE could do with flying low on the NOPSEMA radar for a while.


'The union group has clashed with Jadestone on the Stag platform in the past. It managed to reach a pay deal in December 2022, after various clashes with management.'

- agenda?. lil'pre Christmas boost again?

[nigelpm] 12/12/2023 17:49

Explains the fall but genuinely doesn't seem material to me.

[swanvesta] 12/12/2023 16:14

Or maybe this:

[s34icknote] 12/12/2023 15:37

Dropping with oil price ?

[croasdalelfc] 11/12/2023 20:11

It's around 5.5m barrels over 8Q inc this Q4.In fact around 17% is this Q. 950k barrels @ $72.87See appendix.hTTps://www.jadestone-energy.com/wp-content/uploads/2023/09/20230919-JSE-H1-2023-results-presentation-vF.pdf

[fireplace22] 11/12/2023 13:59

1AJM, You need to look to the 'blues' for down votes we freebies don't get that luxury.

[fardels bear] 11/12/2023 13:52

No. There must be somebody else don't like your posts.

[s34icknote] 11/12/2023 12:09

Our seller is still here holding it back !

[1ajm] 11/12/2023 11:42

thanks for thumbs down, feral bear was that you?

[1ajm] 11/12/2023 11:30

40p year end. ( not so troll now?)
60p may/june
60-80p++ h2 2024 to year end

with things still going as well as they have the last month or so.

[1ajm] 11/12/2023 11:28

every week that passes at 20,000bop/d and no problems is a step to share price recovery.

The new 7,000bopd on a 6 month ROI isnt priced in at all. Another program early 2025 could see a 10,000+ bopd asset net to JSE.

45p and 50p before the market on paper seeing the effects of 20,000bop/d to get past Q1 next year. that tied with warrants, probably a sticking point. ironically the share price bounced around these numbers for a long time before.

I think the build up to first half 2024 results with things runningly smoothly and Akatara close to or online is where things could pick up.

In 6 months with no problems or very minor ones, net cash, production at 25,000, a path to 30,000 and a reasonable oil price share price ($75+) could look to getting back to what we all want. 180 days of 20k @ a conservative operating profit before tax of $30 is enough to undo the baggage. A high oil price would speed things up.

IMO DYOR

[sea7] 11/12/2023 10:39

The hedging programme was subsequently completed in July 2023, with 5.5
mmbbls hedged over the Q4 2023 to Q3 2025 period at an overall weighted average price of US$70.57/bbl

[s34icknote] 11/12/2023 10:16

Wouldn't be supprised if jse are a new year tip !

[1ajm] 11/12/2023 09:45

ignore that post reopening the RNS on a different website loaded it properly. Websites loading half a bulletpoint in an rns is a bit dodgy. guess ill stick to ADVFN for the RNS, the "<" sign in the RNS cut off the rest of the sentence.

how much of the 20,000bop/d is hedged? 50% is tied to the point of agreement?


still hoping for 40p by year end.