London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Percentage finish at Akatara is determined by the percentage of large components
delivered to the site. Obviously with dignitaries having full diaries a date will be arranged for the switch on but in reality gas will be running before then. There is now 2000 people working on the site.
Paul said in over 40 deals that he has been involved in there has never been a leak.
Also it was not from Jadestone's side as it provided them with new information. Once the leak happened they had no alternative under the stock market rules and were forced to suspend dealings immediately. Paul said the deal is only in the very very early stages and as pogue says it could be suspended for a long time even if Jadestone decide to pull out. He also said do not believe what the papers say.
Paul also made the comment that they are roughly producing twice as much as two years
ago but the share price is a quarter of the price. Sometime reality will set in.
In getting this information I got virtually the last bottle of beer and the locusts
{press} had eaten all the food.
Today Paul is doing an interview with Malcy's
Miss quote .Pogue said the shares could be suspended for a long time !!!Best ignored
Maybe old news but according to Poacher on ADVFN Malcy will be doing an interview today.Poacher also stated Paul had said that even if the deal falls through the shares could be suspended a long time.Cant see why?
I think we have our wires crossed i agree PB
Common sense is that any material events in the business will have to be RNS'ed.
I was thinking in a common sense way PB
One positive it gives us time to have more cash in the bank if theres to be a transaction gla
That's wrong Tom. Any material news has to be RNS'ed - whether the share is suspended or not.
Seeing we are suspended i dont think it would have made any difference though,looks like we are in for a long haul anyway.Maybe Malcy will get an interview and ask a few questions
I wasn't expecting much - seeing as market sensitive info, has to be rns'd
Well that was exciting,not, nothing really we didnt know anyway
Pogues post on other site...
As soon as the information got out on the reverse takeovers the rules are that the company must suspend the share price. Simple as that I am afraid.
They are still running the numbers on the idea of bidding it should be noted there is no guarantee they will bid. The leak was very early in the process.
The damage to Montara was done during the conversion in Singapore. Looks like a scaffold pole was dropped down the hatch and damaged the tank wall which was never found by any inspection since. Should be fixed end Sept maybe earlier maybe end off year. Clearly not wanting to commit for fear of being held to it.
One of the tanks is coming back online tomorrow, no RNS, this will mean the tanker will be able to take a bigger load each time.
Could not get any line in when the bidding process will finish i got the impression they did not know either.
The sale date will be backdated so some production will be included. I asked if that was August but was told that there will be a date.
Aktara is being commissioned right now expected first gas Q2.
I strongly suggested more shareholder interaction and that was already being planned. Online and face to face I suggested a pub night for shareholders and it was not rejected. Thank me later.
Fund raise to fund purchase is unlikely to be by dilution it is something they have been advised not to consider or want to by the sound of it.
Seems a damp squib
?
Pogue on ADVFN is at the presentation and apparently will pass over info as it comes gla
Paul up soon to tell us how Jadestone energy have turned the corner and are soon to be a Md-Cap oil and gas producing Company, current Assets worth Multiples of todays Mcap ,
hopefully they will put it on Youtube or the Shares magazine media outlet
Partly because Montara was acquired with AUS$ 3 billion tax losses. These won't be materially utilised against Montara anymore, but they should be allowable against the Woodside stuff.
Which might make those assets more attractive to JSE than other bidders, which in turn means JSE could potentially make a more attractive offer..
I have no idea how any financial package would work though. Debt seems to be the preferred route (equity is bombed out anyway) The new assets could count against a reworked RBL, so perhaps there's scope for some rabbit pulling from hats?
Seven weeks since the last update, there should be significant newsflow. I do remain perplexed why they keep on buying Australian assets, where the regulations and costs per barrel are so onerous compared to other jurisdictions they operate in.
Will be in London now, i would imagine he will be here for a couple of days, probably calling in on Analysts /Investors etc,
should be interesting if Malcy can catch up with him over the next day or so, before he jets back to sign off a deal with Woodside???
if we dont proceed with assets from woodside, then 2025 we can move the Vietnam assets forward.
Plenty of upside from current SP, ive now got a few pound ready to top up the ISA in the new tax year, so hopefully we can stay suspended till then, another few weeks!!!!
Fingers crossed for some good news
Its in the last RNS, it is usually then uploaded to YouTube, so hopefully by the end of the week we should hear how wear progressing.
There's not an update as such but there's a Jadestone Investor evening in London tomorrow evening with PB in attendance. Malcys also doing an interview with him tomorrow.
Roxi - where did you see that theres an investor update on the 12th (tomorrow). I cant see anything on the JSE site
Not forgetting we have to be the preferred bidder its a big hurdle imo
Our CEO is attending the SHARE investor talk, im sure Paul will have plenty to say on how JSE is fast becoming a Mid-Tier producer, 2024 should and will, imo become a transformational year for JSE long suffering shareholders,
we now have a diversified asset base of good production facilities, with more to come on stream,
Don't be surprised if by the mid year we are a 50,000 Bpde plus production Company,
i am looking forward to the talk being uploaded for all to see and hear Pauls comments,
Have a great weekend,