Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
"How many of your neighbours cars are electrified ?"
Great question - answer is in 10 years close to all in 20 years all ... you do not invest in large capex projects like oil for the short term ;-)
Don’t underestimate the squeeze there’s going to be on oil prices in the coming years . Exploration been declining for years , lithium will not work and opposition will be against nuclear . Look around your house and neighbourhood . How many petroleum based products do you see ? How many of your neighbours cars are electrified ?
Oil companies with reserves will be highly sought after .china , India , massive growth .
If you think Mikail Kroupeev is not going to invest in oil , I suggest you read his biography .
Far from a dying industry I can see $100+ oil in coming years due to lack of oil exploration for the last 5/6 years
lets hope they do not spend more money into a dying industry
https://www.bbc.com/news/business-50427873
https://jacobinmag.com/2020/04/oil-barrel-price-crash-green-new-deal
even the majors got that message... in addition a risky jurisdiction - no chance
YF Finance are accumulating 5% and more since last April
Who Are YF Finance? Owned by Meridian Capital who are owned by a Bermudan Trust controlled by Kazakhstan Billionaires Askar Alshinbayev and Yevgeniy Feld.
https://meridiancapitallimited.com/management/
29% shareholder in Sterling Energy Waterford Group owns 21% of Jupiter Energy (Block 31 Onshore Kazakhstan) although it has been as high as 29%, he's been selling down recently possibly to make way for a related party transaction.
https://hotcopper.com.au/threads/ann-change-in-substantial-holding.5735639/
Page 7 of Annual report states the Go Forward drilling programme to be funded by increased debt funding from Waterford
https://www.jupiterenergy.com.au/files/files/807_ASX_Annual_Accounts_audited.pdf
Babalteck Kuandykov (Non Exec Chairman) of Jupiter, works for Meridian Petroleum (page 15)
Meridian Petroleum is owned by Meridian Capital (the owners of YF Finance who are buying Sterling Energy)
https://www.occrp.org/en/paradisepapers/kazakhstans-secret-billionaires
Jupiter energy have a very good asset - 52 million barrels in reserves but need cash to move to commerical production as they're currently restricted in trial period production
https://www.jupiterenergy.com.au/files/files/770_Corporate-Update-October-2019-FINAL.pdf
It seems to be as if this all points to a merger of Sterling Energy and Jupiter .
Otherwise YF finance are simply buying into Sterling for a completely unrelated deal.
(one unhelpful thing is that Sterling Energy stopped putting their corporate presentation up and its difficult to know who YF Finance have bought their 5% from. If its from Kroupeev's Waterford, we should know that - they're off book trades)
The management seem to promise that at some stage they will make a move but been waiting an awful long time now and continue to wait.
Atb,
Northern
https://twitter.com/GaryNTrader/status/1331539557318352896?s=20
Nice thread on Sterling Energy but does say its now or never
keep waiting for something to happen with this share. Words from management but little action.
Atb,
Northern
Its cclear theyre stil accumulating but they're all "off-book trades" acc to London Stock Exchange
If Kroupeev is selling to them we have a right to see a corresponding notification
Because the Jupiter field is only now getting consents and permissions for full production. Last 8 years has been discovery and trial production only. Under the regime, Jupiter cannot surpass more thn one third of what the current wells they tapped in are capable of doing. They need funding for the full field development including low risk appraisal wells first then can ramp up production and sell it internationally instead of nationally currently
Great results on some of their exits right - but on this Jupiter - its down from 0.25 AUD to 0.04 AUD ... Sterling is massive down and not even trading at cash value giving ZERO value for the (I really think) great free-carried in Africa.
You think it makes sense to spend more money the same way? Why do you think this Jupiter is a good deal when the co. was not able to make money 2011 till 2020 - where we had periods of phantastic Oil and Gas prices in Kaz. !?
Dont agree. Jupiter need cash to develop a discovered reserve . There's no exploration risk apparent in their portfolio and they only need funding to move to triple their current output, as it is restricted. Kazakstan is stable also and has a long and established oil production history .
Oil is not over - its got at least 20/30 years left and is actually going to experience a squeeze on demand and price as the majors have ceased large swathes of exploration
Having said that i would take 15.5 p cash back but no way is that going to happen as Mr Kroupeev is the most prolific oil dealer on the AIM and TSX markets (First Calgary sold for over a billion and Emerald sold for about $600 million)
The Era of managed decline can still provde massive returns to companies and cigarette industry managed decline model is the way to look .
Of course Kroupeev should take a project that washes its face at $20 - very profitable at even current low prices
why should they be stupid and put more money into a failed company? The only thing which makes sense is to distribute the cash to us shareholders or go into a sector with positive "future"
The time for fossil fuels is over! Even if you find a project profitable at 20 USD the risk associated with this (political unstable region or gained through environmental huge damages) will be way higher than the potential returns
YF Finance moved from 4 % to 5% on Monday, announced just now
https://www.londonstockexchange.com/news-article/SEY/holding-s-in-company/14696189
Jupiter Energy (JPR.AX) Block 31 in Kazakstan : (YF Finance also ultimately controlled by Kazakstan billionaires)
http://www.jupiterenergy.com.au/files/files/737_June_Quarterly_2018_FINAL.pdf
http://www.jupiterenergy.com.au/Block-31/Drilling-Program
$30.2 million funding with Waterford Finance and INvestment (Michael Kroupeev)
Waterford also own 24.28% but essentially control company through the Debt notes
Strong chance it will be Jupiter Energy
https://www.asx.com.au/asxpdf/20200915/pdf/44mmzzf0f7d270.pdf
i still think its still definitely under the radar as no one is trading it and free float tiny
Has anybody noticed no interim accounts have been filed (even though every other year they were filed 27 or 28 July)
Pure asset play.
Need info soon. This is no longer under the radar. Something (anything) has to happen soon...!
Thoughts...?
16p
I rest my case. Acquisition will only bring it hogher than cash
Stupid reply
classic trying- to- get- in- lower- post
I've been in this one for maybe 15 years.
In all that time they have done nothing but promise.
It would have to go to £2.50 for me to break even.
Rubbish company
cash value t about 15.7 pence
Long enough. Its up 50% this year
Also the market capitalisation is in £
rifteastafrica
Have you had shares in this company for long??
Your currency is wrong. You should be usig USD.
$32.5 million was spent Chinguetti decommisioning
Ongoing focus on capital discipline, cash general and administrative overheads (‘G&A’) expenses
reduced by 15% to $2.6 million
Proactive focus on treasury management, with interest received totaling $1.1 million
Sterling is currently in a very strong position, preserving its capabilities, strengths and cash position to absorb any shock to the UK and wider economy and anticipates distressed M&A opportunities to arise as a result of this situation
The Company continues to be fully set to evaluate M&A opportunities that continue to arise in 2020 and remains committed to executing an accretive acquisition once the right opportunity is identified. We expect that despite the current global uncertainties and the risk factors which are currently impacting the fossil fuel industry as
a whole, our past background and professional excellence will allow us to target a deal for the benefit of all
our shareholders
Sterling has a detailed understanding of the current M&A market and intends to take advantage of the current volatile
marketplace.
Our focus for 2020 is onshore low-cost operators, who will benefit from our cash position to develop and explore their existing portfolio
During 2019 Sterling reviewed over fifty opportunities, of which 5 bids were placed and a number are still under consideration
What exactly do the BOD of this company do?
Dec 2015 cash £98million
Dec 2019 cash £44million