Jadestone Energy Share Discussion Threads

[1ajm] 14/2/2024 01:20

Well said Pughman.

Some holders just want to pretend it isn't happening I presume. Or delusional enough even now to not think, hang on this COULD be bad. I guess I've come to query if the RNS's are, while being factually correct, giving an honest overall picture. The last few have had some very sneaky caveats.

We're locked in now. I don't think people think about the potential implications of that. Good news we will all be happy, bad news my personal haters on here may understand my point, although given the reaction my posts get from some, they may be locked in here regardless. Down with the ship, if it comes to that in the future. At what point would they sell?

On the chance JSE get it (?), there's going to be a new wall of financing concerns which may play out either way still. Any degree of share dilution would be offensive, but we are a financing option for them and nothing more. As MT mentions a better than expected back date or a very slow acquisition may help (not maari slow please), as well as a good deal and fast ROI from the new production. Let's not think about if there is some ridiculous decommissioning fund commitment that is multiple times bigger than the purchase price but not included as part of the headline purchase price.

I've topped up several times when the share price has reached sub 30p in the last 12 months+ and not sold. Although this has brought my average down, Given we're here to make profit and not gain moral applause for our trading style it has been a poor decision to hold since the first Montara shut in and averaging down can't go on forever. Hindsight is 20/20 of course.

This feels like an awkward time for share suspension but they needed to do something drastic, which they have. I don't think JSE will be losing any sleep with the shares being suspended. Now we can only wait. I personally don't think the shorters will be too worried, I'm more worried about myself as a holder, good RBL results, CWLH completion and maybe even Akatara build up could happen during share suspension and quickly forgotten by the market if trading resumes on the failure of the proposed deal. Of course, success of the deal and no mishaps between now and then could cause a very strong open ( I truly hope that is what happens for all the holders). But I will never be a person to only think about one outlook and not the other. Sorry. I sit on the fence more than others, even when financially I am on one side of the fence.

Myself and the small amount of posters on this board has absolutely no ability to control the price or what JSE do. Still it does amaze me how one sided posters are and how offended they get.

Of course I am willing to have my mind changed. Maybe this is an absolutely amazing opportunity for JSE and maybe I should have absolutely no concerns about the size or location of it. Patience does not seem to be something AIM oilers can afford to have unfortunately and recently here it seems to have lead to unforced errors. On a final note, JSE not getting this does put it back in the position it was at before today which isn't exactly great so at this point just go for it. All-in. H2 would have been preferred, maybe it will still be ongoing in some capacity in H2.

I think I've been fair there and hope it goes well for all. Now I await the name calling and silly outbursts many posters offer, to which I humour and enjoy responding to far more than I should, luckily the opinions of most people on here are meaningless and my thoughts and opinions are equally meaningless to them, the way of the internet.

GLA. Hope it goes well over the next few months.

[pughman] 13/2/2024 22:56

If you're a JSE shareholder and your not an unhappy punter, you're delusional.

[mount teide] 13/2/2024 21:29

I123 - There are many ways to structure a major O&G deal to minimise debt and dilution. Check out Savannah Energy's ($324m market cap) proposed acquisition of the assets of Petronas in South Sudan for a headline price of $1.25bn.

The deal has an effective economic date of 1st Jan 2022 - which means that for an expected completion date during Q2/2024, SAVE will have accrued a massive 2.25-2.50 years of production earnings credit at an average of $91.71/bbl Brent for circa 55,000 bopd net, to take off the $1.25bn headline price.

Suggesting the cash required to finance the deal is now likely to be a tiny fraction of the $1.25bn headline price.....thereby offering the prospect of the actual sum due on completion potentially being able to be financed without the need for a loan or dilution.........loose change for a 55,000 bopd asset with huge reinvestment potential and a long reserve life.

[nigelpm] 13/2/2024 21:23

I'm not close enough to the industry but surely it's moving away from requiring staff to be located offshore?

[impossible123] 13/2/2024 20:57

Can JSE seriously compete with Carlyle and Hibiscus Petroleum for these assets of Woodside? Carlyle is cash-rich, and Hibiscus has a mcap 3x that of JSE; the Woodside assets for sale is rumoured to be valued at about $500m.

And, assuming JSE wins the bid how will JSE pay for this latest acquisition? A $500m acquisition from JSE valued at £127m is a mega fund raise, correct? How'd this be achieved with dilution? Buy now, pay later with proceeds from these new assets?

I think JSE is attempting/embarking on something so monumental is very ambitious (I understand it's company transformational) so soon after the debacle of Montara and Stag is beyond the management team.

I hope post suspension the share price is not below 23p. Retail investors have experienced a horrid time the last 12 months.

[trump45] 13/2/2024 20:27

The shares have been going down since the update in January and across many small oilers. We actually had a small rise the other day. I personally don't think it's anything to do with it. Had we not had to suspend I think this news would have given a decent rise. It shows that large deals can be backed.

[1ajm] 13/2/2024 20:09

I think shares went down when news leaked.

I'm not sure they are the favourite. Smells off.

[trump45] 13/2/2024 20:03

Doubt it. As soon as news was leaking about Jadestone being a bidder then suspension had to happen, regardless of where we stand amongst the 3 bidders. It's AIM rules regarding reverse take overs.

[tom111] 13/2/2024 18:39

Reading the RNS again i get the impression that JSE is the preffered bidder otherwise the shares would not be suspended

[1ajm] 13/2/2024 17:51

if the best bit is this board, you should probably sell, never mind.

JSE might be happy to suspend.

stops the slip.

who's excited!!!@!@!!@!@ :) :) :) :) 50k boe/d !!!!!!!!

[nigelpm] 13/2/2024 17:47

Quite FB. I was just thinking the best bit about suspension would be not hearing from the muppets.

[ashkv] 13/2/2024 15:56

I sold my last tranche of TXP in the 80s...and most in the 100 plus range!!! Chk out the TXP board!!!

JSE does have 100p incoming perhaps by mid-year if the proposed deal is a cracker!!!

Forrest1987 - 26 Apr 2023 - 14:50:11 - 14443 of 14510 Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture - JSE
Nothing better than Saietta, Luceco, and Wickes mount teide

[1ajm] 13/2/2024 15:47

Not on paper at least. A long delay now to see what the actual share price is.

[tom111] 13/2/2024 15:41

At least the share price is not going down!!

[1ajm] 13/2/2024 15:18

Ash you're delusional, also not a shorter, or an 'it' for that matter.

Who is Siaette? Never heard of them. Another one of your made up narratives. EDIT: he has literally just picked it because it's near top of the list for losses today. Absolute wally.

How's that 300p TXP forecast working out from 2021 ash? Probably as good as your JSE 100p 'incoming' takeover bid. Whatever happened to that?

[sea7] 13/2/2024 14:59

Back in august last year..



The flyer from Morgan Stanley puts cash flows from the portfolio, comprising the Macedon domestic gas venture and the Pyrenees oil project, at an average of $US150 million ($232.2 million) a year over the five years from 2023 to 2027.

[oilinvestoral] 13/2/2024 14:55

"might make the deal really nice ala Serica and Tailwind"---------Guffaw!!!!!! Spilt my afternoon tea there! If turns out to be anything like SQZ- Tailwind, I'm dropping it like a hot potato! For the record, I don't think it is! It has the hallmarks or a quality asset at a decent valuation! We are buying from a respected operator (not from an oil trading house & private equity). Best of all have we don't have to get into bed with shady characters!