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Is that really 3M [3000K] shares youve added??
if so you were clearly in the money--hope it works out for you
Nice Find again Sea7, YES GREAT NEWS BEING TALKED ABOUT, JSE expanding its growth profile,
im expecting we will hear that the gas is being shipped through the National pipeline, soon enough,
flow rates and liquid news in the next few weeks, then there could be the deal with separate off taker, which was hinted at a couple of weeks back.
Stonking Buy at current SP, roll on 2025!!!! , when we will be cash positive once again
Southgate+Holland v Blakeley+Roxi. Not much of a choice is it.
I've just added another 3000k shares to my ISA at sub 32p which I consider a bargain.
Just a matter of sitting tight until the Ankara money starts feed in IMO.
Hopefully Charlie will get his 80p back in the none too distant future.
Good luck to all invested here and DYOR.
Great potential but v poor performance --just when you think things would happen the opposite occurs
bought a loadmore yesterday but now wish I Hadn't
HtTps://asiatoday.id/read/jadestone-energy-enters-final-commissioning-of-gas-facilities-in-jambi
Head of the SKK Migas Program and Communications Division, Hudi D. Suryodipuro, said that the completion of the construction of the Akatara gas facility is believed to be able to increase national gas production.
“The Akatara gas facility is certainly very helpful, distributing gas, so that gas commercialization can make a significant contribution to the country,” said Hudi.
According to Hudi, SKK Migas will continue to encourage KKKS, including Jadestone Energy (Lemang) Pte. Ltd., is not only building commercial gas facilities but also expanding exploration into new areas in Jambi province.
Charlie , when you comment on how Jadestone are not making any money at current oil prices, can you explain how they can reduce the Debt????, Pay the wages ???? i await your comments, and why large banks are prepared to Bank Roll Major Takeover Assets, surely if JSE was such a basket case they would never support such transactions,
As i know from the BOD they had the backing of banks with little or no impact on current shareholders!!!!!!
Ye of little faith!!!!, Stick to PTAL who's banks are eroding faster than they can shore them up at huge costs, and low water levels restricts the flow of oil. During the dry seasons
Jadestone received £34 million this month, at current prices which Jadestone sell the premium oil they are making profits,
Charlie is in denial, and for obvious reasons, he despises Sir Paul for obvious reasons having an average of 80p doesnt give him any reason to feel happy, when your deeply under water it leaves a bitter taste in your mouth
the time to invest in Jadestone was when it hit rock bottom in the low 20p region, even while it sits in the low 30p area its a great buy, imo DYOR
will be picking more up at end of week into the SIPP fund
Poor old Charlie. Still the non-Believer in Sir Paul, LOL he really is bitter!!!
JSE cash Positive 2025!!!!!, keep this post on record Charlie, you will soon come around to Sir Paul's way od doing things LOL
Production has been reduced on stag
Losing on STAG. Why not just shut it in until oil prices prises rise then?
Roxi, last production RNS was 17500bpd for Q2.
6500 hedged at $70.
11000@$90.
Average $82.50 across the JSE portfolio. They are losing money at Stag on those numbers. I'm afraid if you need oil at $100+ to make a return from one of your oilfields, it's an embarrassment for any competent CEO.
Good commentary from Oil Analyst Malcy,
So, nearly there for Jadestone who deserve huge congratulations in getting to the final furlong of Akatara on time and without any injuries. With the gas flowing through the facilities it is only a matter of time before commercial gas is announced and for the company that means a significant increase in production and more importantly a diversity in the portfolio. Paul Blakeley is a leading light in the industry and he and his team deserve all the plaudits this time.
I Suppose Charlie will have something to say about this positivity !!!!!,😁
Took another step forward today, $86, with prices set to continue as we enter the driving period in the USA,
Great news for JSE , with oil prices being achieved towards $90 levels on average across our production range,
and with the additional income now from AKATARA, JSE should reap the benefits!!!! into the second half of the year.
We have been very fortunate with the oil prices lately even JSE didn't model $90 oil prices
Hope you all have a great day, going to be a warm one!!!!
Good rns today
previously communicated milestones achieved. good to see jadestone moving forward on all fronts
KIND THANKS the figures are better then . so with 22000 bops it will soon be a cash cow . Gla
So is it also fair to say these costs are not imminent and I don't see any decommissioning on the horizon for a number of years yet, and some may well get extended further out if opportunities on the fields materialise.
They are bidding for the Puteri blocks (its former AAKPLN or something like that) because the decommissioning costs have been already placed into the field's cess fund. Akatara doesn't increase significantly the decommissioning liabilities and the future Vietnamese development would also be a low-ARO project, as it will reuse existing infrastructure. The problem are Stag and Montara, mainly Stag.
Decommissioning-700M-WOW-whats that for as I seem to have completely missed that-No it seems unreasonable to expect flow rates today as you would need this phase before any flows and having go the plant operational and tested next phase is flows-the market cannot be that stupid-yes the plant is tested and working but for how long-still some way to go
For me to start adding a few more at current SP low , imo
GLA LTH
Production Update next month ?
@scored again: Yes, Im a bit surprised too, but the other comments maybe right - the market possibly wants to see actual flows and sales coming out of it to start to rebuild confidence.
Re the ARO liability, it was $604mio at 31/12/23, but has $215 of offset receivables in the cess funds, so net net they had a $389mio ARO liability at year end. Still a chunk of cash which needs funding but seems manageable in a couple of years after they've paid down bank debt
JSE will have to regain the market's trust and confidence. After a torrid 2 years both have evaporated and only a period of production, free of mishap will remedy that. Today was a start, an unambiguous RNS, but much more to do.
I think the market was expecting flow rates, maybe suspicious of them not being included
Very disappointing response from the market so far, although if we are still languishing at these levels when first gas is sold I would be very surprised, sometimes the market completely misses the significance of an announcement perhaps this is one of those occasions, we are only one step away from moving into the production phase that is the only reason I can think why it's such a damp scquib of a reaction from the market, hopefully as this news sinks in without any setbacks coming to light logically I would expect a steady rise from here.
SURPRISED we did not hit 35p today imo i think its the decommission costs liabilities etc holding jse back . it stands at approx 700 million correct me if im wrong .