Jadestone Energy Share Discussion Threads

[ashkv] 23/2/2024 11:34

More influence for Tyrus with a smaller board!!!

[upwego] 23/2/2024 07:18

I like the bottom snippet.. Confirmation that production is over 20,000bopd still Akatara to come on stream later in the year.

"Jadestone has grown substantially from an operator of a single producing asset in 2017 to a multi-jurisdictional operator producing over 20,000boe/d. As part of Jadestone's ongoing process of Board refreshment, it is time for the Board to benefit from a new set of skills to help Jadestone successfully navigate its next phase of growth, and I would like to welcome Adel Chaouch as an independent non-executive director. He brings great international experience, having led upstream businesses globally, and will provide strong technical insight in support of Board decisions going forward. It is also important to recognise the need to balance the size of the Board while maintaining the appropriate capabilities, and with this appointment the Board will reduce by one."

[dunderheed] 23/2/2024 07:09

Interesting board appointment?

[nigelpm] 22/2/2024 12:32

When you say apparently - it's a fact and was in the recent RNS:

13 February 2024 - Singapore: Jadestone Energy plc ("Jadestone", the "Group" or the "Company") (LSE:JSE), an independent upstream company focused on the Asia-Pacific region, notes recent media speculation and confirms that it is a participant in the bid process being managed by Morgan Stanley on behalf of Woodside Energy Group Ltd. ("Woodside") in respect of the proposed sale by Woodside of its participating interests in the Macedon and Greater Pyrenees Projects offshore Western Australia (the "Proposed Acquisition").

[tom111] 22/2/2024 11:30

Morgan Stanley are running the bids apparently

[dcarn] 22/2/2024 10:36

Personally i'd prefer us to remain suspended until Akatara is fully commissioned, when ever that may be.

[nigelpm] 22/2/2024 10:31

hxxps://www.energyvoice.com/oilandgas/australasia/547699/jadestone-signals-interest-in-transformative-woodside-deal/

The Australian reported two days ago that Carlyle, Hibiscus Energy and Jadestone were the “final contenders” in the sale of Macedon.

[tom111] 22/2/2024 10:23

I can only find JSE mentioned as the likely bidder no one else seems to be mentioned

[nigelpm] 22/2/2024 10:20

Yes, with the potential for a whole series of other RNS around Trading updates....bidding progress.....other bolt-on acqusitions.

We could quite easily awaken to a complete different company when shares are unsuspended.

Alternatively we could be unsuspended shortly and out of the bidding process.

I know I'd prefer the former but let's see.

[tom111] 22/2/2024 10:17

After that full Y/E results late April.How long was you expecting us to be reinstated Nigel?

[nigelpm] 22/2/2024 10:06

I hope we aren't reinstated as that will mean we are likely preferred bidder with an opportunity to transform the business.

Next RNS should be confirmation of RBL redetermination.

[tom111] 21/2/2024 14:41

Thats of cause if we are reinstated (hope so)

[mount teide] 21/2/2024 13:18

Q2 obviously means any date up to and including the 30th June, however, I suspect the market would react very well were the contractors to complete comfortably before that date.

Even based on the content of the latest video, I for one would be not bet against a very highly regarded Japanese civil engineering contractor, with a long and enviable track record across the region of completing major O&G industry development projects on time and to budget, to beat the deadline.

AIMHO/DYOR

[tom111] 21/2/2024 11:39

Thats what i was expecting FB

[fardels bear] 21/2/2024 11:19

It said by the end of Q2. So, that's by the end of June.

[tom111] 21/2/2024 08:49

Pretty sure it said to production 2nd quarter

[kaos3] 21/2/2024 07:47

Depends on definiton of completition

Is it physical
Or
Is it operational

Probably physical. Meaning after 100 % finished there is a long way to go to the production.

Certification, test running etc

[pughman] 20/2/2024 23:57

It'll be March next week, I bloody well hope so.

[nigelpm] 20/2/2024 22:25

It may well complete whilst share is still suspended

[pughman] 20/2/2024 22:00

Akatara progress.
20.7.23-42% completed.
31.8-55%.
9.10-70%.
13.11-83%.
4.12-87%.
15.1.24-91%.
31.1-93%.

[mount teide] 20/2/2024 21:31

pughman - had my doubts too - During many months in 2023 they completed 5-7% of progress, so it will be interesting to see how long they take to complete that last 7%.

[nigelpm] 20/2/2024 19:52

It's like a lot of construction. Large part of the time cost is in groundworks. The last bit goes quickly.

[pughman] 20/2/2024 18:59

MT, I've been thinking that with every monthly video they put up. Let's see how long that remaining 7% takes.