The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.
They have two months to go yet they state in the rns it would be completed in time
How much will they get for 1mcf?
The CEO says there is still a lot to do at Akatara so, IMO we may overshoot the end of June deadline for gas a little. Once Akatara is delivering gas then we will probably see a rise in the share price. A bit of gyrating between 25p and 30p could be on the cards for the next few weeks. Just my opinion.
I've invested my maximum here at an average of 28.75p, not buying or selling.
Thanks Sea1 maybe thats why the sp is on the way up again,wouldnt be surprised if it turns positive soon
Won't be surprised if we see Directors buying shares over the next few weeks
Nice to hear on the presentation that there are demands from others on akatara gas - PB indicated that they already have capacity to offer gas to a second contractor at 20% premium and there are demands for more- they are potentially going to be looking at upgrades in the future to meet demands.
Really chuffed!!!!!, what a great update, looking ahead JSE growth looks compelling, MCAP is stunningly cheap.!!!!
Well at least there are plenty of buyers coming in this morning lets see how it goes later on ,it imo would be a mistake to sell now
To a much more confident and uplifting CEO as he lays down the plans for 2024/5 with a great team of Directors now in place Jadestone will soon become the money Tree, we all wished for , imo
planning to go to AGM June will be a Pivotal period in JSE history
At least we get an update on montara...
The Prohibition Notice that was issued in June 2022 is expected to remain open until each tank within the FPSO that can contain oil has been inspected and a technical file note demonstrating its fitness for service has been issued to NOPSEMA. Jadestone is currently methodically executing a tank restoration program, which resulted in 6 centre, 5 centre, 5 port, 5 starboard and both slops tanks being removed from the Prohibition Notice during 2023. Work is ongoing on the remaining tanks and once all are completed, the Prohibition Notice is expected to be fully lifted. Jadestone continues to engage closely and transparently with the regulator about the progress of the inspection work. The NOPSEMA Level 4 investigation into the 2C loss of containment is ongoing.
On akatara...
Currently, the Group is focused on testing all equipment, testing, cleaning and reinstatement of interconnecting pipe, electrical and instrument testing at both the gas plant and metering station, and the hydrotesting of the gas pipeline. Overall progress of the project had reached 95.72% completion at the end of March 2024. Pre-commissioning and commissioning activities commenced in November 2023 and continued into early Q1 2024 for utility systems, with further progression towards commissioning for the process system. Commercial production remains on track to start in Q2 2024.
Akatara...
During testing, one well achieved a maximum flow rate of approximately 9 million cubic feet per day (mmcf/d), with data from the well test supporting the current Akatara 2P reserves estimate. The well is designated to supply pre-commissioning and commissioning gas for the AGPF, while the second well is intended for use as an injector/disposal well.
A campaign with a 550 HP rig to work-over the planned five wells commenced in Q1 2024. Currently, four out of five well workovers have been completed and tested at an aggregate stabilised rate of c.30 mmcf/d, ready to deliver the gas production required to fulfil the daily contract quantity under the gas sales agreement.
To the year ahead as oil prices have rebounded from lows , AKATARA soon to be in production with gas flows already exceeding expectations. , revenue flows from this alone will soon pay down the debt,
Vietnam the next big production uplift , hopefully we will hear some news updates on this in 2024
anyone going to the AGM ??
We all know 2023 was rubbish due to montara shut down, q1 2024 they managed 17kbopd and expect to produce 20kbopd.
Akatara is still on time, before end of q2.
The recovery has begun. Hold on to them..
The report reflects the damage done by Montara and the lower oil price. 16% revenue fall. Akatara plus montara improvements plus new oil income plus increased oil price make JSE a recovery share IMO. 2024 turn around year with 2025 bringing profitability. Holders are in early and at what looks like a cheap price as long as oil price holds up and production comes through as expected. This report marks the low point for profitability. Quietly optimistic for the turn around which is well underway.
Results out, akatara on still expected in q2.
Hopefully this is the year for JSE.
Results out tomorrow, jse is alot stronger than last year.
The results for the first 3 months is what we should be interested in not looking in the rear view mirror,thats past history for me anyway
I think we could all be in for a very nice surprise over the next few days and weeks,
im beginning to wonder why????, we have not had the AKATARA monthly video release,
an early announcement that we are moving to the testing and production run is imminent. imo
Have a great weekend everyone , tune in Monday for some past results update and maybe an update on where we are going over the next few months ahead.
Kalan
But it will be nice to know q1 figures, 2023 figures were around 13kbopd.
This should start to move up.
Thank you kalan,took a punt ,did i read that the gas is a 7 year revenue to the company
Sorry - too late to help but it's results out Monday. Might not be spectacular as the rise in oil prices came after the reporting period. The good news is to come soon with gas project coming online in next month or two on top of increased production and increased selling price for the oil assets. Today's announcement underpins JSE's expansion credentials and has caused a flurry of buyers to take or retake an interset.
Is it wise to buy now
That our credit with the banks is A1, underpins the quality of the Assets JSE have in the portfolio,
Happy weekend, looking forward to Monday , but even mor so to the year ahead!!!!!
THIS has calmed my nerves thats why i added part of my trade pot back . YES cost me but it is what it is . BE nice for monday rns that gas plant ready early june . Good luck most