Member Info for Charlie156

You don't need to be a genius or lucky to trade this share, and make a return.

Previously the company said there would be no changes to the water handling capacity until 2027, when the cash from the new wells was coming in. A month of elevated oil prices seems to have changed that. Also before they have always said regarding the erosion project that it remains within budget. They didn't say that this time, I wouldn't be surprised to see the cost rise.

The optics are terrible. The new CEO received share incentives when he joined the company 9 months ago. The executive team are lucky to still have a job, it's the indecent haste of the announcement off the back of Iran and Vietnam that reveal the calibre of the 3 amigos.

I doubled my holding today, this time putting the shares in an ISA.

Glad to see you two have been rewarded for your patience and making this forum what it is. I sold out far too early and have been trading ferociously to try and make up for some injudicious trades.

Nicebutdim, haven't sold a share.

Don't forget yourself Deeko and your recent sale of half your holding for a price you're attempting to mock others for.

I know you want to splash the cash, but Brent is averaging about $74 to date in 26, and JSE will have earned an extra $6m so far due to this conflict. Talking of £30m tender offers is for the birds.

Deeko, you seem to struggle to see anyone's trading decisions that don't correspond to your own thinking. Blinkered or arrogant, it's unappetising to read and will cost you money.

Struggle to get hold of stock this morning, 3 purchases made.

Nuclear weapons! Why am I not surprised reading that on the JSE forum, where rampers and nutters are equally welcome. The company are making about $250,000 a day more, due to this conflict, about $2m to date. Still, good to see Stag making a positive contribution for a change.

Bubba, you're stretching the meaning of the words 'Glass half full'. JSE have only had 5 days of $80+ oil and until they've locked in some decent hedges, your calculations are away with the fairies. Plus, you've double counted PM329.

Sold a trading block, 95000@27.65. When these move, they move, in either direction.

$80m, more than enough for new projects? Hey! How much do you think they'd have to pay if they found another Kounrad? They wouldn't get change out of a billion.

An extraordinary share price performance by JSE over the last 2 days, with the oil price going nuts. I had my finger hovering over the buy button today at 22.44p, but then I came to my senses.

JSE need $80+ oil, but can't afford to let the oil price go under $70, so the forward hedging programme will require a big set of cojones from the CFO.

There is no chance of the company having net cash at the end of 2026, if the oil price averages circa $70. I expect 3 wells in Malaysia and if there is a repeat of the Skua overrun debacle and the capex exceeds $80m, the market's verdict will be swift and harsh.

I remember selling RR for 88p, and making a decent return. That's investing for you, the successes, the ones that got away and the car crashes. Hello JSE!

Even at $70 oil plus premium, this company will continue to limp on because of their Australian assets. If you can't make money with $70 oil, you deserve to go out of business. At the end of 26, the returns from Akatara fall significantly, the business model looks terminally flawed, without a high oil price coming to the rescue.

I've come to the conclusion that T Mitch Little is full of it. His opening remarks in the RNS bear no relation to the guidance for JSE in 2026 that follows. It's going to be another 12 months of gruel for shareholders, whose fortunes are totally dependent on the oil price. Mid point guidance of 19500bpd with Akatara, Skua11 and 6 months of Malaysian output is dire. They will eventually, reluctantly have to tell the market the dismal Skua11 figures when they release the annual results for 2025, but it's clear the $100m spend has delivered SFA for shareholders.