Jadestone Energy Share Discussion Threads

[mount teide] 08/2/2024 16:34

Shorters throwing a little loose change at the book into the close to give nervous short term retail holders something to ponder before tomorrow's opening bell?

[pughman] 08/2/2024 15:07

It's probably the time of the year when Blakeley has to get some new veneers plumbed in, so cash might be a bit tight for buying JSE shares as well

[tom111] 08/2/2024 14:47

Unless we are in a close season i would have thought the directors would step in and buy a few at this very low price

[tom111] 08/2/2024 14:19

Trickling down on no volume, at least Brent is back over $80 and the fundamentals look good for it with the Chinese market making a recovery

[fardels bear] 08/2/2024 10:08

So much for the City presentation.

[mount teide] 07/2/2024 13:36

The German industrial 'miracle' was always a mirage reliant on a perennially weak Euro and the unlimited supply of cheap Russian Energy, illegal under EU Law(who predictably, for self serving reasons elected to turn a blind eye to this and the other 68 breaches of EU State Aid laws the Germans made over the last 25 years without penalty!).

Javier Blas - Bloomberg - 'CHART OF THE DAY: The end of the German industrial might.

Industrial output fell across the board in Dec, with a sharp drop in the energy-intensive sector (red line).

Annual data now shows that German chemical production plunged to a 28-year low.'

[fardels bear] 07/2/2024 12:25

30%, eh? Would we allow an oil company such market dominance?

[mount teide] 06/2/2024 21:41

After the US oil industry added 1.6m bopd of production growth in 2023, to set a new record 13.3m bopd in Dec, the highly politicised US EIA confidently forecast in its Jan report that 2024 would see further strong production growth.

However, the IEA's rose tinted growth forecast for this year was so ridiculed by the shale oil industry, the IEA was forced to completely reverse its position in the Feb report, where it is now forecasting ZERO production growth for 2024.


U.S. Crude Oil Production To See Zero Growth This Year: EIA - Oilprice.com today

'U.S. crude oil production fell in January and isn’t expected to grow at all this year, the EIA said on Tuesday in its latest Short Term Energy Outlook. The Agency also lowered its U.S. oil demand forecast to 20.39 million barrels per day from its previous forecast of 20.45 million barrels per day.

The cold snap that hit parts of the United States in January took crude oil production offline, causing daily production to fall to just 12.6 million barrels per day—down from 13.3 million bpd, the EIA said. And while the EIA expects U.S. oil production to return in February to levels just under the record, it expects production to drop slightly for the remainder of the year.

According to the EIA, it will be February of 2025 before another record is reached. “We forecast production will return to almost 13.3 million b/d in February but then decrease slightly through the middle of 2024 and will not exceed the December 2023 record until February 2025,” the EIA said in its STEO.

If accurate, the lack of production growth in the United States could help OPEC tighten the market, supporting crude oil prices. The EIA sees a global oil supply deficit of 120,000 bpd this year.

The prediction falls between the IEA’s and OPEC’s forecasts. The IEA’s forecast suggests a supply and demand balance for most of 2024, and with the possibility at least of a supply surplus in the second half of the year. OPEC, on the other hand, sees healthy oil demand this year and a lingering supply deficit until next year.'

The EIA’s latest estimate of weekly field production of crude oil pegs the daily rate at 13 million bpd as of January 26, about 200,000 bpd under the all-time high of 13.3 million bpd. But production for the week prior, during the cold snap, was estimated to have dropped to 12.3 million bpd.'

[nigelpm] 06/2/2024 18:00

JSE presenting and Paul Blakeley will be in London -



19.35
Jadestone Energy
Paul Blakeley, Executive Director, President and Chief Executive Officer - Jadestone Energy (JSE)

[kaos3] 06/2/2024 16:32

I would also add that the sanctions make it possible for selected few to make extreme profits in reselling the HC.

Remember Marc Rich? Our boy.

Those in the loop are making huge profits because they are allowed to do the arbitrage.

The police turn blind eye for our boys...

We need lots of risk free easy money that no one else can make

[mount teide] 06/2/2024 15:41

Diverting crude oil and product tankers are turning to fast steaming - Lloyd's List

'Tankers that are diverting around the Cape of Good Hope are fast steaming, sailing above normal speeds, to cut back on delivery delays. Likewise, rerouted container ships are now sailing at an average of 22 knots, up from 15 knots, in order to maintain schedules.'

This development will have triggered a highly material increase in fuel consumption, since the relationship between fuel consumption and ship speed broadly follows an exponential curve, after a linear relationship up to 10-12 knots. At a 30 knot service speed a ship burns around 9 times the fuel consumed at 10kts, and 3 times at 20 knots.

This development will have only increased the demand for VLSFO and ultra low sulphur Australian type heavy 'STAG Spec' crudes - where since production is largely finite, is triggering material price increases......as evidenced by the Hi5/VLSFO-HSFO spread surging back above $200/tonne over the last month from the $150/tonne average premium seen since October 2023.

[tom111] 05/2/2024 14:55

China is not looking too pretty atm index down to a 5 year low which not helping oil prices on the other hand USA is looking better all the time so where the price goes from here is anyones guess.Ukraine has been bombing several Russian oil terminals at the ports and put them out of action but hasnt had any effect which seems surprising

[mount teide] 04/2/2024 09:05

FPSO tender looming for revived Asian gas project - Upstream Energy - 2 Feb 2024

Jadestone Energy will also be in the market for two platforms for Nam Du and U Minh fields development by Amanda Battersby in Singapore.

'Jadestone Energy within two to three months is expected to hit the market with enquiries for a floating production, storage and offloading vessel and two platforms for its Nam Du and U Minh (NDUM) fields development offshore Vietnam.

Singapore-headquartered independent Jadestone plans to conduct an international tender for the FPSO, which will host gas-related facilities such as compression and a liquids separator, while certain works — such as the two small, unmanned wellhead platforms — will favour yards in Vietnam.'

[ashkv] 02/2/2024 13:53

Just a few days ago Goldman had cut HBR from 300p to 260p and now the clowns have increased HBR to 280p..

JSE cut by uber bearish broker Jefferies - target still nearly 2x current price....

Jefferies cuts Capricorn Energy price target to 150 (160) pence - 'hold'
Jefferies cuts Jadestone Energy price target to 45 (55) pence - 'buy'
Jefferies cuts Pharos Energy price target to 20 (24) pence - 'hold'
Goldman Sachs raises Harbour Energy price target to 280 (260) pence - 'sell'

[tom111] 01/2/2024 10:34

Thanks for posting Ash

[ashkv] 01/2/2024 10:22

Montara
— Assumes offtake shuttle tanker required to September 2024
— Increased R&M activity due to subsea well repair campaign
— Higher logistics cost in 2024 due to less helicopter sharing
Stag
— Higher R&M opex due to catch-up on fabric maintenance and
piping replacements
— Five workovers budgeted

Page 5 of 2024 Guidance Presentation -> Pughman appears not to follow JSE developments...

[ashkv] 01/2/2024 08:02

Montara will soon be a side show...

H1 2023 was an underlift and H2 2023 righted the same - no magic trick.. just logic and not viewing through a troll lens...

Also there was that little matter of the $55mn equity raise...

Why don't you do a magic trick and disappear forever...

Share price more than compensates for 0 Montara production in 2024!!!

31 Jan '24 - 08:13 - 20821 of 20835
0 1 0
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!

[ashkv] 01/2/2024 07:59

CEO mentioned in the January 2024 Webinar that they intend to let go of the dedicated tanker ship for Montara by early H2 2024 - it would translate to the Montara Tanks being fully operational for the same to transpire.

pughman31 Jan '24 - 11:08 - 20828 of 20834
0 3 0
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.

[sea7] 31/1/2024 16:50

Malcy said..

There is nothing much here that we do not know already, the production for last year was 13,813 b/d and given Montara a very creditable achievement. Guidance is a very conservative 20,000-23,000 which I. alluded to in my last piece, it should be a breeze to get through.

Going forward, Akatara is a ☑️ as is CWLH ☑️ and of course the recent news from Vietnam ☑️ and the PSC in Malaysia could even be a ☑️ώ5;️. Right now the time has come for the management to get on with all the good things they have talked about recently and deliver the goods. So far the share price has not taken all our optimism at face value yet but with delivery I’m sure it will…

[tom111] 31/1/2024 16:45

Like Malcy said nothing we didnt know already market not taking it on face value in other words lets see the goods

[croasdalelfc] 31/1/2024 15:55

The company financial calendar is updated fairly well ..