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Afternoon roxi ..hope the golfing was good.
almost into june and start up at Akatara
All Shareholders, been away for a couple of days golfing, back for another long weekend, as we approach the end of May, and a long break in the trading days until next Tuesday,
Gas Production will be very close as the testing and trials are soon to make way for long term supply to our new customers,
its no surprise we will be setting on a highly skilled workforce to oversee the long-term production of the GPF in Indonesia,
We have plenty to look forward to over the next 6 months, i know have my tickets for the AGM and looking forward to meeting up with the Directors and other shareholders who will be in attendance.
Have a great weekend everyone, and lets hope the sunshine is good to us, be back to my usual posting next week
There is always one.. the infrastructure is getting built wells are being tested, very soon we will be generating revenue from akatara.
Says closing date 7th june - so should still be enough time
LOOKS ABIT LATE TO ME CONSIDERING SHOULD BE IN PRODUCTION BY q2-THATS END JUNE
Job advertised at akatara....Dated 24th May
hTtps://www.petromindo.com/job-gallery/24860
extract of responsibilities..
3. Delivering safe, reliable and cost-efficient production at the highest of industry standards, and consistent business growth to achieve best value for shareholders.
4. Overseeing the opening or closing of facilities and the operational aspects of mergers and acquisitions (if any) so that these activities are completed on time and within budget and with minimal disruption to the organisation's day-to-day operations.
Akatara - the expected daily revenue contribution from Gas Condensate and LPG is highly material and, will not only generate a much higher sales price/boe but, considerably more daily revenue than the Nat Gas production.
JSE - 'On 1 December 2021, Jadestone announced that it had signed a gas sales agreement for the Akatara field with PT Pelayanan Listrik Nasional Batam as buyer. The key terms of the Akatara GSA are:
* Daily contract quantity (“DCQâ€) of 20.5 BBtu/d commencing in H1 2024
* Gas price of US$5.60/mmBtuAnnual take-or-pay quantity set at 90% of the adjusted annual contract quantity
* Maximum daily quantity set at 110% of DCQ
The Company anticipates that the Akatara gas field will deliver a gross plateau production of approximately 6.1 kboe/d, based on an estimated gas production rate of 18.8 mmscf/d gas (gross), plus associated condensate and LPG, for a duration of seven years.'
So, based on 6.1 kboe/d this equates to:
3.13k boepd - (51.3%) - Nat Gas @ circa $31.5/boe
2.97k boepd - (48.7%) - Condensate @ circa 85% of $Brent price plus, LPG @ circa 80% of $Brent price
AIMHO/DYOR
---------------
We all forget about the condensate. Great consolidation at this level, will see steady move.
At last-the scourge of quality chat rooms
Roxi its been 3 days you havent posted..
Jse to the moon.
No, any UK "windfall" tax would have no impact on JSE because none of its oil and gas is produced in UK territory.
Can someone confirm whether or not JSE would be susceptable to such a raid on profits being LSE listed or is it only for oil / gas drilled in the UK ?
With another huge buy at the end it seems clear to me price is being held down to mates rates to facilitate these huge buys going through recently
Just popped over $84 so we should be getting around $86/$87 for all the oil unhedged
JSE should be doing very weel ATM
Another week closer to the end of May, getting really close to the start-up of the Gas Processing Facility
will we get an update this week??
Gas price of US$5.60/mmBtu
Roxi
What price will they get per mcf in akatara?
30mmcfd is decent production. They wpuldnt have invested $100m for nothing..
Short clip ten days ago akatara..Not sure when actually filmed though
hTtps://www.youtube.com/shorts/HU-AG97G2IA
Roxi--so to give your valuation post any value just why do you think JSE is so undervalued as it is generally accepted the current price is where the market sees its value NOW
Akatara Gas Production facility, built for around $100 Million, will produce 6,000 BOEPD for at least 7 years, how much would that be if placed on the open market for sale, ???? certainly more than current $180 Million MCAP of the Company, imo
All other assets currently not even priced into Mcap, that is how crazy cheap JSE is right now!!!!
Have a great weekend everyone, as we progress towards another week to Commercial Gas!!!
Even the 17kbopd is not fully valued into the mkt cap.
Akatara should take it higher..
Completed, as we move much closer to the Gas flows and another 6000 BOE to the bottom line
No Offence Kalan, its all good Banter, it would be good if Charlie boy was there watching the goings on too, mind you he has already been ROGERED! by Paul, and he knows how much it can hurt, lol
he will never forget Paul , or forgive him, it always hurts without the proper lubrication,
We should have plenty in the coming weeks to go around, maybe Charlie will get a new one drilled????
You've opened a can of worms there Kalan. He'd leave his Mrs in a blink, set up home with Blakeley on the Montara FPSO and live happily ever after, if he could.
In rareness to Roxy, these guys are about to add 5 mboed production and have passed through the most capital intensive period wiring construction of the plant. The project is worth multiples of the Mcap.
In the words of CNN ‘strange scenes here in downtown London stock exchange…’ that broker rating is just bizarre
I like your uber positive stance Roxi - if someone told you Paul Blakely was screwing your wife I think you'd say ah well at least she's enjoying herself and she says Paul's doing a really good job.
Lol. Tongue in cheek, no offence intended.
(Tongue in cheek wasn't meant to be a euphemism.)