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Keep an eye out for more fractures in the oil facilities Roxi this is having big implications for oil atm Russian is having to ban the export of diesel and other oil produces to keep the home fires burning.There will be a big shortage of those produces in Russia soon its all about draining the war effort of oil
I wondered what was causing it to rise, besides the red sea problems , USA are churning out record amounts of production, Biden doesnt want oil prices to rise too high, will impact his inflation figures,
If its Russia thats suffering from oil production, India will be looking to get its oil from Mid east again, but will have to pay top dollar this time!!
With Russians oil facilities being knocked out on a daily basis (15 atm) with only 30 left to hit,oil will be hitting $90 soon.After that if it happens, i wouldnt want to see it much higher for obvious reasons.You can get an update on what Ukraine are doing regarding Russian oil facilities on "UKRAINE MAP NEWS UPDATE TV"
If this continues into mid year, Dividends will be back on the agenda, sooner than expected,
Cash rolling in, ready for the next liftings ???
Yes we will be paying a Dividend in 205-6-7-8-10 unfortunately you won't be receiving any!!!!
Does that now mean JSE will be paying the 6.6p dividend that you said would be paid to shareholders in 2024.
Ha Ha Charlie, clutching at straws again, Oil been trading above $80 for weeks now, which we get good premiums on our oil, and Charlie worried about no numbers from JSE , ??, Sp will bounce once opens!!!!!!,
Two years ago the share price was four times today's price and production was half what it is today. Plus Akatara is very very close to coming on stream. The oil price is staying up . When this share comes back after suspension the only way is up.
Get in quick Charlie or that short will kill you.
No comment on AKATARA then Charlie your picking on a side show now anyway
They need every cent of that premium as well. If you're not concerned as a shareholder about the exorbitant costs at fields representing 35% of production, that's your business. There have been no hard numbers from Blakeley for 8 weeks, the market is normally right.
Has management said opex would go down to $30-$40? They said hopefully a little less than this year's $60 IIRC
Oh yes and Stag have a big big premium as well you seemed have have missed that as well Charlie boy
JSE 2024 guidance Jan 15.
Montara, 5000-6000bpd. Operating costs for the year $120m. Opex/barrel at 5500 midpoint of $60.
Stag operating costs for 2024 $70m.
Stag production FY22- 2176 barrels, there was a $60m infill at the end of 22.
HY23 production -2879
FY 23 production -2672. Present production circa 2500. Dividend that into the $70m operating costs gives you $76.50 a barrel. Without another costly infill the production will continue to fall, at 2000 barrels per day, the opex per barrel is $96.
Terrible lazy cut and paste wording then!
The admission to trading concerns the shares that have just been vested... They're using the same wording as last year's RNS, it has nothing to do with the deal.
You do realize that Stag/Montara are about 20% of our production now, the operating costs will reduce significantly as the repairs and chains etc are sorted, leaving a long-term asset producer for years to come at lower Op costs, nearer $30-$40 prices.
Paul did say we are looking at another infill drill at Montara early next year,
Charlie, Lying again!!!!, you really are sad
It could mean the deal has been completed. I suspect another RNS this week
In the malcy interview paul talked of some assets - ie stag/montara being around $60 ops cost, with other assets nearer $20
Oh its gone up again has it!!!
JSE need every cent increase in the price of oil. The operating costs for Stag in 24 are $75-80 a barrel.
I know what you mean but i think they would have put out an rns seperate and its not on the headline.Could be bad wording but who knows
$86 ATM, my dyslexia is getting worse
Has been on a decent run since we got suspended on the 13th of Feb, it has risen $5 in price and shows no sign of slowing over the near term, i no we have a could amount hedged , but since then we have increased the production stream from our other assets, so we must be generating significant cash at the moment, if it stays around the current price, we could see a nice uplift in the Sp once suspension is lifted
Hoping we get the February update released on AKATARA this week
It is expected that admission will become effective, and that dealings will commence, at 8.00 a.m. GMT on 21 March 2024.
Its the "dealing will commence" bit...