Jubilee7 Aug 2025 17:59
Regarding Jubilee, this sums it up pretty good, for the moment:
"There are some green shoots at the field; a new producer came online late July (producing 'decently'), another well is expected to contribute from late 2025 and four more planned for 2026, activities to fully restore water injection rates in H2 25 are underway, and there is new seismic to help shape longer-term field management," said Canaccord, which reiterated its 'hold' rating on the stock. "All positive steps, and the company appears confident, but in our view assessing the dynamics of the natural field declines, the concerning increased water-cut from some producers, and the sustained performance benefits of the new wells, is extremely challenging. It is how that combination unfolds, alongside of course oil prices, that will principally determine the equity value."