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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,
No news till next week then!!
Opening back up attract investment into its oil and gas developments,
New Zealand awards first new oil and gas block in years
Will JSE ever go back there????, Paul did say , never say never
Just looked at the long term chart and we are 1p off the all time low so all being well we should move up from here
Hope so last year wasnt pretty
Tom. Paul has put us in "STEALTH MODE" 2024 going to be a great year for JSE , imo
we should find out more next week
At least we will get to know whats going on next Tuesday,news in short supply these days
Happy to sit around and wait. The longer this goes on, the more chance that Jadestone progresses Akatara and decisions around Vietnam. Less opportunity for the market to manipulate us down.
really frustrating this was pulled down so much ahead of being suspended, more ground to make back up but oh well! Lots go good news on the horizon.
Not expecting any update on AKATARA , it normally 3rd week into the following month, although with Paul doing an investor update on the 12th , they may release it end of week, alongside any other news, so lets see what Friday/Monday brings??
The reverse takeover deal, which is in discussion, may take a little while longer, no rush, if you're in your in.
Tell me about it! It’s been closed for a while now. Hopeful that when it opens the sp will be rising high
The gas project must be close to completion they usually to updates on early week so hopefully one tomorrow or its going to be next week
The auction is taking a long time ,surely they are near the end of the bidding,lets clear the air