Jadestone Energy Share Discussion Threads

[pughman] 15/1/2024 08:53

$70m operating costs for Stag in 24, with under 3,000bpd, ain't great.

[ashkv] 15/1/2024 08:28

Don't the share price reaction -> Slightly higher costs on Montara and Stag plus an uber conservative production guidance for 2024.

Very pleased JSE Balance Sheet is looking solid!!!

NONETHELESS JADESTONE ENERGY REMAINS IMMENSELY UNDERVALUED!!!



JSE Share Price: 31.50p
Brent: $78.25
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 50.00%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -66.20%
Shares Outstanding: 540,693,017
GBPUSD: 1.2750
Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500
Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800
Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 31 Dec 2023: $157,000,000
Cash (USD) 31 Dec 2023: $152,000,000
Net Debt (USD) 31 Dec 2023 : -$5,000,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $78,000,000
Market Cap (GBP); £170,318,300
Market Cap (USD): $217,155,833
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $222,155,833
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $16,098
EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d $10,333
EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $11,108
EV/Barrel(USD) 2023 Actual Average Production: $16,098
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) JSE Current Production + Decommissioning Expense Including NW Shelf Acquisition: $39,841
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.43
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 18 Dec 23: 75.25p
% Upside to 12 Month Analyst Target Price: 138.89%

[impossible123] 15/1/2024 08:21

When a company RNS does not start with "...please to announce/inform..." the share share price can only go one way ie downward. As always, those with inside info were able to sell in the last couple of trading days.

[sleveen] 15/1/2024 08:18

How will the Montara and Stag revelations affect the RBL.

[ashkv] 15/1/2024 08:15

What is the outlook for Vietnam development?
Any prospect of shareholder returns in 2024 - Buybacks and Dividend?
Does company management think a bonus is justified given 2023 share price and operational performance?

[ashkv] 15/1/2024 08:14

My questions for the Jadetone Energy Webcast?

What is the breakdown of production average of 20,000 boe/d over the past 4 weeks?
What is the asset based breakdown for 2024 production guidance?
What is the status of Montara remediation - tanks etc?
What has been the operational cost for Stag and Montara is 2023 and also 2022?
Details about Montara Gas development?
With the Montara well in Q4 2024 - what is the predicted exit production?
Has the company considered putting itself up for sale?
What Carbon taxes is JSE referring to? Is this a new tax in Australia?

[thedudie] 15/1/2024 07:49

They suggest a significant drop in trust fund contribution is required for the 2nd CWLH acquisition.

Other cash expenditure: Expected to total c.US$77 million on a net basis, primarily reflecting the previously announced CWLH 2 acquisition abandonment funding payments. These are expected to be largely funded through revenues from the next two liftings attributable to the CWLH 2 interest, and are now expected to be a lesser amount than the US$102 million announced in November 2023.

[sleveen] 15/1/2024 07:48

Not quite the update I was expecting, may help to explain the slow share price progress?

[e43] 15/1/2024 07:40

Financial position better than I expected at year end,that and good production and
guidance show the good potential if no more major mishaps ,with rising costs and age issues running offshore fields keeping expectations in check

[nigelpm] 15/1/2024 07:29

A whole series of positives but with the difficult news on stag and montara. Not surprised in many ways and mainly a balance sheet impact but unhelpful nonetheless.

[pughman] 15/1/2024 07:27

Opex costs guidance for 24, $33.50 a barrel, mainly due to Montara and Stag. Current production close to 20,000boe/d. Another year of hard graft ahead for shareholders.

[sea7] 14/1/2024 19:08

short 2 min video



GTA CONSTRUCTION AKATARA GAS PROCESSING FACILITY PROJECT

[mr roper] 12/1/2024 16:48

Nice finish. Roll on next week

[mr roper] 12/1/2024 13:23

Uprate next week

[s34icknote] 12/1/2024 11:59

Update next week

[s34icknote] 12/1/2024 10:34

Brent up 3 percent

[mr roper] 12/1/2024 08:53

Decent volume and some buys coming in at 37p now. Nice

[mr roper] 12/1/2024 08:36

And a positive start. Nice to see.

[mr roper] 11/1/2024 17:30

Nice finish at the high if the day

[sga64] 11/1/2024 14:21

"Coals to Newcastle"?

[fardels bear] 11/1/2024 14:07

Oh dear. That will cause trouble.

[fireplace22] 11/1/2024 12:34

Oil tanker hijacked in the gulf of Oman and heading to Iran. 1M bbls reportedly onboard.

[ashkv] 11/1/2024 12:22

It is just a matter of time - else a bid will come in.

In the short term the market is a voting machine in the longer term a weighing machine :)

1AJM time to close your short.... it will only get more expensive ;)

[1ajm] 11/1/2024 11:09

it was 36p last week, down to 33p, now 35p.

JSE Doing its favorite trick. To lose 10% and then get it back in a week,

post 4th Jan, 'share price dropping is a classic'

Nothing to do with share price being low, just a pattern from week to week I assume.

Just a shame it's doing it south of 40p and not north of 40p at this point. Hopefully the RNS that is due soon helps.

[nigelpm] 11/1/2024 10:40

A realisation that Akatara is almost complete and will be generating a load more cash?