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£20,s nice to see this recovery play coming to fruition
We started the decline in the Sp back in early January when the oil price was around $78, the Sp went all the way down to where we found ourselves at Suspension, since then we have had quite a rally on Oil price to the current price near to $88,
JSE will be accumulating a very large amount of cash, which will pay down debt very quickly, The Sp will probably bounce by at least by 10p over a very short time , imo if we continue to see the oil price stay around $85,+ however most of the Analysts ive been looking at ,see a strong run into the summer months , Opec have been cutting back and they too want to see $90 oil,
The High Oil price might just be the turning point for the BOD to make a bold bid for the 28.000 Bpd reverse takeover , how they finance it though is beyond my pay grade, Large RBL ay be the way, if supported by the banks??or possibly some kind of Bond?,
with the good oil prices we are currently witnessing, a bold bid might just see JSE emerge a very strong Mid Cap player,
50.000 Bpd Company with huge earnings capability, ????
Sankey research, have gone bullish on oil price over the next few months, predicting. $90 as we head towards summer,
If we can hold above $85 over the next few weeks $90 will be game changing for JSE in 2024
Happy Easter , have put aside £10K for buy as soon as opens!!!
Even the Montara and Stag assets will be making a good return on current oil price, the other PenMal and CWLH will be making significant returns to the bottom line, and with the CWLH now accounting for some 300Million Barrels of resources to JSE , we are in an excellent place. ATM , if we move to a higher return than expected this could swing the decision, to Bid on the Macedon and Pyrenees assets which produce around 28,000 Bpd , if we can get that for around $300-$400 Million with an increased RBL we could soon pay that off in a couple of years at the current oil prices
would certainly take JSE to another level
should find out in a couple of months if not sooner
This finally break into the £8 range, now lets hope it continues towards £10
Continues its strong monthly gain on the previous 3 -months, great news for JSE cash model,
next week we move into April, which should be an exciting time for the AKATARA gas field, soon we will be close to initial trials of the gas plant,
Have a great Easter weekend shareholder, were very close to a huge uplift in producing assets.
Hi AB, no i dont believe it will shoot right up, probably jump over 30p then build from there towards the summer and end of year, if the oil price stays above $70 throughout the year , by year end JSE should be heading back towards 90p imo
Have they announced a firm date yet for drilling the MO5, i seem to have end of April for drilling,
looking forward to the next few weeks , with plenty, from the presentation it was mentioned before the summer holidays?
i wouldn't want the Company sold until that's been drilled and tested!!!
Got a great team of Directors on board now, and along with the other key management team, JSE is set to become a Mid Tier Company, in the Asia region.
Akatara alone is now worth more than the current Mcap, cant wait till we open up for trading again, let's hope it after April the 6th when i can load up into the ISA.
With high Palm oil prices rising, MPE should be raking it in!!!!, pretty solid performer.
Good find Sea7, i think we can all agree that "Safety" should be the top priority when it comes to repairs and integrity of the FSOP, good news is that JSE, are dealing with it and putting it right.
Fairly good update, the Company is in a good position with plenty of cash on the books, I think Somalia is on hold due to the Political unrest between Somalia and Somaliland, if they start flowing oil there, it could create a big problem, think they are holding back until the political scenery changes .
On the up $86.5 , pretty solid month of high-income capability, March monthly average over $80,
and great news about the recent appointment of Director, were building a great team of well experienced Board of Directors to take JSE forward. over the next few years,
Onwards and Upwards.