Member Info for BubbaBubbaBubba

Big buys today

Still no news about Vietnam very disappointing

Oil looking very strong

Every oil company on the planet is going up except jadestone

Need to hedge more barrels at the 70 to 80 mark if we go anywhere near that mark

Based on 542,162,715 shares outstanding, a 28.42% holding represents approximately 154.07 million shares. To exceed the 30% threshold, the holding would need to rise to around 162.65 million shares, requiring the purchase of an additional ~8.58 million shares. At a share price of 23.75 pence, this would cost approximately £2.04 million—so why wouldn’t the company buy back enough shares to push the holding over 30% and force a mandatory takeover bid?

We will have to see then, still would love to see a big M&A deal or buy a company with lots of undeveloped assets

Growth is the only think that will move the share price if oil says below $70

You have to factor in decoms mate they're quite big when you look at the size of the business, that's why stag is worthless cos you have to shut it down

Really wish we would get aggressive and try and buy a massive gas or oil field

But it kills the growth story, you just have assets that nobody really wants with huge decoms

Tyrus are also a major part of the problem, they aren't putting enough pressure on the board for changes and improve shareholder value

Maybe they are down so much money they don't even care any more

If I lost millions of pounds I would be acting like the Russian mafia to get it back

It annoys me that ballie Gifford sold there 5% stake where they lost 15 million might i add and jadestone didnt offer to buy back there shares they just let them drip it into the market, killing the share price

The board talk about m&a but they haven't done any m&a in 2 years

Its such an annoying company, the heavy reliance on Vietnam will kill us, if things go wrong

Yeah they keep talking about shareholder value but the share price goes sideways

I would like to see an outright sale of the business or more divestment such as the maylasian assets and cwlh

We could easily get $150 million for all four assets clear net debt and focus purely on Vietnam, akatara, Montara

All hopes are pinned on vietnam, they have already led us on that a deal would happen before start of January

Someone looking to buy production in southeast asia

Think ive messed up haha

Still cheap though

Just emailed the Tyrus asking for a sale of the business

Ticker Market Cap Production BOE/d Cash Debt Net Cash Enterprise Value EV per Flowing Barrel

STAR ENERGY GROUP PLC (XLON:STAR) £12,439,360 2000 £4,000,000.00 £6,700,000.00 -£2,700,000.00 £15,139,360.00 £7,569.68

JADESTONE ENERGY PLC (XLON:JSE) £118,568,400 20,000 £113,000,000.00 £166,000,000.00 -£53,000,000.00 £171,568,400.00 £8,578.42

PETROTAL CORP. (XLON:PTAL) £351,495,700 18000 £141,000,000.00 £- £141,000,000.00 £210,495,700.00 £11,694.21

SOUTHERN ENERGY CORP. (XLON:SOUC) £32,211,810 2,000 £- £32,211,810.00 £16,105.91

Arrow Exploration Corp. (XLON:AXL) £71,466,090 4,214 £6,370,539.00 £- £6,370,539.00 £65,095,551.00 £15,447.45

AFENTRA PLC (XLON:AET) £87,848,190 6,368 £24,000,000.00 £31,500,000.00 -£7,500,000.00 £95,348,190.00 £14,973.02

SERICA ENERGY PLC (XLON:SQZ) £667,365,400 50,000 £41,000,000.00 £231,000,000.00 -£190,000,000.00 £857,365,400.00 £17,147.31

Touchstone Exploration Inc. (XLON:TXP) £43,839,040 5,000 £77,000,000.00 -£77,000,000.00 £120,839,040.00 £24,167.81

KISTOS HOLDINGS PLC (XLON:KIST) £148,558,400 6,200 £104,000,000.00 £251,901,000.00 -£147,901,000.00 £296,459,400.00 £47,816.03

Jadestone is dirt cheap and it doesn't factor in the vietnam assets

Merry Xmas everyone hope next year is better this one, went through my first heartbreak and Jadestone gonna give me another one

If there isn't any commercial gas flow this company is dead?

The problem is it isn't real revenue that's why the margins are small

I wouldnt use dcf to value oil companies, its too volatile, nav is better

jadestone worst case is 80p, models dont factor in reserves and the cost of drilling and capex is enormous

Vietnam is the most important thing for jadestone, cos they can borrow against it

Just bought more, akatara worth £500 million based on the harbour energy disposal valuation

Maybe Jadestone will sell a percentage but if we go net cash, i dont think they will have too

They must be making 40 million profit every year on akatara

Https://hotcopper.com.au/threads/ann-award-of-5-year-coral-knight-contract-with-jadestone-energy.8919067/

More news but related to montara

Their share price up 8%

Https://www.upstreamonline.com/field-development/fpso-race-starts-to-help-revive-southeast-asia-gas-project/2-1-1908343

This was 2 days ago so probably waiting for big news to happen

This project is worth £500 million+ and there is potential for more gas aswell

The share price is absolute madness

But if the gas is commercial then the value of company would go up significantly, also give them a chance to raise debt