Jadestone Energy (JSE) states that it “is pleased to provide its guidance outlook for 2022”, including noting that it expects to generate material incremental cash at current oil prices and premiums and may consider an increase in shareholder returns through increased dividends and/or share buy-backs later in the year. Sounds good.
This has been a very good share tip for our readers but there is more to come. Jadestone Energy (JSE) has announced that “2021 production averaged 12,545 boe/d, in line with expectations” and “cash balances at the end of the year are estimated at US$117.4 million, representing an increase of 30% year-on-year, even after the largest spending programme in the company's history”. This sounds encouraging.
Jadestone Energy (JSE) has announced that 2021 average annual production is expected to be around the midpoint of the 11,500-13,500 boe/d guidance range and that it “now expect to reap the benefits of higher production and attractive pricing, given ongoing oil price strength, our unhedged position and recent improvements in the Tapis differential”.
Following half-year results from Jadestone Energy (JSE) recently, we noted the financial improvement despite challenges and that with the growth potential suggested the 77p share price too harsh an appraisal. There is now a “Montara H6 well successfully brought onstream”-titled announcement and the shares are further higher.
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…
It is hard to see why the share price of Jadestone Energy (JSE) has dropped recently as there seems to be little reason for it to have done so, and on that basis it definitely deserves closer attention...
Hello Share Twiddlers. While I still have my biggest investment in giant oilers, I've got a sneaking suspicion that I ought to put more cash into a few tiddlers. This is not an easy thing for me to say, as my past small oil plays have nearly always ended in tears including a few dallies with the Falkland Islands...
As an active oil sector investor, I sift through the myriad of AIM listed oilers drilling into the detail of the management, assets and finances before 9 times out of 10 concluding there is something in one or more categories that puts me off investing. Of course this sees me sometimes dismissing companies that go onto to have share price inflation due to momentum and hype before crashing back to reality – Sound Energy (SOU) comes to mind in this respect.
