Jadestone Energy (JSE) has announced its results for the first half of 2021, reaffirming full-year production guidance of 11,500-13,500 barrels of oil equivalent per day and anticipating 20,000 boe/d towards the end of the year. We are well up on this 69p offer price share tip but where do we go from here?
A “Guidance and Operations Update” from Jadestone Energy (JSE) notes work necessary to restore production from the Skua subsea wells and the revised cost of the H6 infill well at Montara, where the well has been sidetracked due to mechanical equipment issues, as well as that it is still awaiting clarity on Maari offshore New Zealand government approvals timing. However, “average full-year 2021 production guidance of between 11,500-13,500 boe/d remains unchanged”.
An announcement from Jadestone Energy (JSE) contains good news and less good news.
Jadestone Energy (JSE) is pleased to announce an agreement to acquire an interest in Peninsular Malaysia – and we can understand why.
Currently a lot of private investors seem to be looking around the oil and gas sector for the most bombed out stocks that they can find, in the belief that these will offer the most upside on commodity prices eventually recovering. The big problem with that though is that if commodity prices do stay fairly low for a prolonged period of time, as seems likely given expected demand levels even when things do start to recover plus the huge amount of oil sat in storage currently, then some of these companies may never actually recover...
Each writer on this site contributes independently of the others – we write about investment cases that grab our attention. Negative investment cases are often easy – a piece of shite is just that. I would suggest it is not often several of us agree on a positive investment case. Looks like Jadestone Energy (JSE) is one. I will try to be brief. I keep telling myself, and Tom, an objective of less words is good, along with calling companies singular and finding negative investment cases that keeps Tom’s pecker up in his lustful ambitions on Cheryl Cole…
