Jadestone Energy Share Discussion Threads

[fardels bear] 27/1/2024 10:30

I can never get that link to open on this phone.

[tom111] 27/1/2024 07:32

Well with that news i cant see any more acquisitions any time soon they have enough on their plate already

[1ajm] 26/1/2024 12:05

Didn't expext vietnam news this morning. A miracle may be performed yet.

I'm not even going to think about the development costs yet.

Sounds like a more substancial production volume atleast.

'added potential of bringing in partners during the development stage' - interesting.

Let's see if it stops the slip.

[lawson27] 26/1/2024 09:28

Joined you for the recovery here, GLA

[tom111] 26/1/2024 09:00

Nicely timed 1AIM

[mount teide] 26/1/2024 08:42

Overall opex/bbl - highly material downside potential available with the development of the Vietnam assets:

Overall opex/bbl - highly material downside potential available with the development of the Vietnam assets:
Plateaux production from the Vietnam nat gas assets would likely drop the current 2024 guided $36/boe opex to circa $25/boe, and down to the $mid teens/boe if current contributions from Montara and Stag were excluded.

[thedudie] 26/1/2024 08:40

At last ... JSE must be very pleased that this is finally signed. They have been working away for years on this!

Although a fair way off .....

£140m of existing recoverable costs
Phased development Nam Du pays for U Minh
Big increase in reserves when FDP approved (presumably).
What looks like good terms ....

What's not to like.

[spangle93] 26/1/2024 08:17

... due to the considerably lower opex

[mount teide] 26/1/2024 08:05

Vietnam - 80 mmscfd under a take-or-pay arrangement over a targeted minimum plateau period of 55 months - that's equivalent to 13,700 boepd take or pay.

The circa $8.0 mmBtu regional nat gas price is around $50/boe - and would generate the same annual revenue ($251m) as 8,600 bbls of oil per day at a sales price of $80/bbl.

[nigelpm] 26/1/2024 07:56

Been a very busy few days but confirmation and further details behind the link croasdale posted...more future growth.

[croasdalelfc] 26/1/2024 06:46

30m barrels 2C resource become 2P reserves at some point. No problem with reserves based lending in 2026 then :)

[croasdalelfc] 26/1/2024 06:41

hTTtps://www.pvgas.com.vn/en-us/news/artmid/1355/articleid/13632/signing-of-heads-of-agreement-hoa-for-nam-du-and-u-minh-gas-fields-development

[1ajm] 25/1/2024 20:37

On a side note are those people you keep mentioning as 'trolls' that because they said the price would drop?

[1ajm] 25/1/2024 19:39

What a mundane response.

Also I don't know who those people are.

Also, tell me why i'm wrong.

How will it not slip to 20p on another 4-6weeks of waiting to dodge a bullet. Then April we get 2023 results.

Oil Price $82 the only hope.

[ashkv] 25/1/2024 16:18

God this is getting bad... JSE soon going to have negative Enterprise Value.

At 25p Enterprise Value of USD 177Mn for 26,000 boe/d production. Even with Decommissioning Costs EV/Flowing Barrel a low ball USD 29k boe/d at a share price of 25p!!!

JSE Share Price: 25.00p
Brent: $81.00
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 19.05%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -73.18%
Shares Outstanding: 540,693,017
GBPUSD: 1.2700
Jadestone 2024 Production Mid-Guidance (20,000-23,000 Boe/d): 21,500
Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): 20,000
Jadestone Production Average for 2023 (Including Montara Shut-Down): 13,800
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); £135,173,254
Market Cap (USD): $171,670,033
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $176,670,033
EV/Barrel(USD) 2024 Mid Guidance Production 21,500 Boe/d: $8,217
EV/Barrel(USD) -> Current Production -> Past 4 week average (As per 15 Jan 2024 RNS): $8,834
EV/Barrel(USD) Jadestone Production Average for 2023 (Including Montara Shut-Down): $12,802
JSE Decommissioning Expense Liability i.e. Asset Restoration Liability per HY 2023 Results: $574,656,000
EV/Barrel (USD) JSE 2024 23,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $32,666
EV/Barrel (USD) JSE YEAR END 2024 26,000 Boe/d Production [Added Decommissioning Expense Per HY 2023 Results to Enterprise Value]: $28,897
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $2.73
EV(Including Decommissioning Costs)/2P: $11.59
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 16 Jan 2024: 71.50p
% Upside to 12 Month Analyst Target Price: 186.00%

[yasx] 25/1/2024 16:02

I think they ventured beyond what is their core expertise and those mistakes have proven costly. A classic case of ne supra crepidam...

[saucepan] 25/1/2024 15:50

Going back to IPO days, wasn't a large part of the investment case the view that management were the bee's knees?

They don't seem to have lived up to their billing. Or is that unfair?

[yasx] 25/1/2024 15:08

Nigel,

Thanks for the update re IR.

[nigelpm] 25/1/2024 13:03

December video on website I just noticed also. A lot going on!

[nigelpm] 25/1/2024 12:46

HBR and NANO will go on to outperform I'd think.