Jadestone Energy Share Discussion Threads

[mount teide] 31/1/2024 14:13

2023 Trading Update:

Total Production Costs - tanker costs at Stag (+US$16 million)

Stag's tanker charter costs were $43,835/day - which is on the high side since a medium range tanker could have been chartered for an average of circa $30,000/day during 2023. Alternatively, they could have chartered a medium range tanker for 3 years at average charter rate of $27,500/day.

The ADDITIONAL OPEX/bbl in 2023 to CHARTER the tanker deployed at the Stag Field was around $18/bbl. Considering that the total OPEX/bbl for the Stag field has historically been around $40/bbl.......this suggests, at the guided level of production, a total OPEX/bbl in the $50-60/bbl range was likely. Suggesting, that at an average $80 Brent plus $10 premium, the field still had the potential to generate around circa $30m a year in operating cash flow pre Capex etc.

[minja19] 31/1/2024 12:35

updated
trades 52 to 68 are all buys.
reported as sells, cos they were below the mid

[pughman] 31/1/2024 11:08

There has been radio silence on the oil tank available capacity on the FPSO for eons. I thought they were at 300,000 capacity and that was a long time ago. What's the secret. With all the woes at Montara I understand why opex will be $60 a barrel in 24 but I've seen no explanation why it's the same amount for Stag this year, which has further damaged sentiment. This share has really aged me.

[impossible123] 31/1/2024 10:04

A good consolidation RNS. More of the same in the near future plz.

[mount teide] 31/1/2024 09:25

Montara Venture - during Q2/2024 the management should have more than sufficient oil cargo tank capacity back available for commercial operations to enable the off-hire of the stand-by tanker earlier than planned - as, going by the management's published tank inspection and maintenance plan crafted to return the FPSO to full compliance with the Rules governing its safe operation, the off-hire date previously guided to the market for the release of the tanker has a considerable amount of insurance policy built into it.

[winnet] 31/1/2024 08:57

but I would now prefer to play with fire re the tanker, it's costing us too much relative to the risk. Especially when Akantra comes online.

[sea7] 31/1/2024 08:55

not bad at all.

Having that tanker at montara takes away a large portion of risk - hence why PB has it there.

[1ajm] 31/1/2024 08:48

yes,

The dread of the RNS title being 'montara operational update' is real.

Not today though! Today RNS read fairly well.

[winnet] 31/1/2024 08:24

Agree with MT, I shake a little bit each time there is a RNS, but this time, pleased with the information. Onwards.

[1ajm] 31/1/2024 08:13

It would seem H2 was break even thanks to the liftings. Roughly $60m loss for 2023 (?) and -$130m cash, magic trick.

Roll on getting a COO and no more large issues. Roll on the RNS not being full of caveat statments.

Let's see if that stops the slip!

[lawson27] 31/1/2024 08:07

Happy enough with the RNS, onwards and upwards, GLA

[tom111] 31/1/2024 07:56

Reassuring RNS

[mount teide] 31/1/2024 07:21

RNS - Trading update for the year ended 31 December 2023

Decent update - after the hugely disappointing period from H1/22 through to end of H1/23, if the management continues to build on the encouraging progress they've since made, its suggests 2024 offers good risk/reward for the company to deliver a strong recovery in its fortunes and market valuation.

[fardels bear] 30/1/2024 16:40

It also has one of the dodgy FPSO'S though, don't it. We don't need that kind of double whammy.

[tom111] 29/1/2024 15:40

Sounds like one of us "Hopefully this can now move forward!" lol thanks ash

[ashkv] 29/1/2024 15:32

Positive Tweet from significant JSE shareholder and Board Member David Neuhauser this past Friday.

[fardels bear] 28/1/2024 13:34

That's what I understood also.

[fardels bear] 28/1/2024 13:05

Thanks very much

[thedudie] 28/1/2024 10:35

Not sure it is right anyway.
As far as I understand it there are 2 tanker shipments due to NWS2 and 1 tanker shipment due to NWS1. If each is approx 650000 barrels then JSE are due 1.95m barrels in 2024 which /365 is kind of equal to 5300 odd barrels per day (versus the 3300 in their model . With 2 shipments due to MWS2 it is an exceptional year to align with the exceptional costs associated with the decomm. funding.

Well that is the plan anyway.

[alxo82] 28/1/2024 07:29

copy-paste this in the address box of your browser: zerogcos.substack.com/p/a-troubled-south-east-oil-company