Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Short clip ten days ago akatara..Not sure when actually filmed though
hTtps://www.youtube.com/shorts/HU-AG97G2IA
Todays RNS..
Resolution 12 is proposed to grant the Company authority to make market purchases of its own ordinary shares. The authority should not be taken to imply that shares will be purchased at any particular price or, indeed, at all. The Resolution specifies the maximum number of ordinary shares which may be purchased (representing approximately 5 per cent of the Company’s issued ordinary shares as at 2 May 2024
Cannot say I have ever taken any notice of broker price forecasts - never, really ever seen one that was accurate.
probably worth remembering the this is the same jefferies that upped their price on jadestone by 18% to 140p a share two years ago, then one year later, cut it to 85p
always wonder who actually benefits from these astrology driven prices, that are plucked from the stars.
This statement in the accounts, is a bit of a tell, in my view for us to expect something on the acquisition front.
re the macedon/pyrenees bid
The learnings from this process provide us with the financial framework to continue assessing the exciting set of inorganic opportunities across the Asia-Pacific region, through which we are well placed to create value from our operating platform and capability.
So close now..
from the accounts.
We currently anticipate that commissioning gas will be introduced into the AGPF followed by commercial gas sales before the end of the second quarter, consistent with our long-standing guidance. There is still significant activity to complete, but we are on the threshold of a significant milestone for Jadestone.
From a poster on another board...
IG.com today are not accepting spreadbet buy orders on JSE - presumably they believe
a) the odds of it going up are greater than it going down; or
b) they are already as exposed as they want to be on buy spreadbets.
Either way, a positive sign imo.
Simon cawkwell on webis - 30th april 2024
Finally, Webis (WEB) this morning provide an upbeat declaration that they are ready to benefit in the coming weeks of the American turf season. WEB forebear to claim that profits are on the way. But if they are WEB is very cheap indeed at 1.5p to buy. Despite the fierce competition that WEB would face were it successful I still think the current capitalisation of the order of £5m is quite mad. This is worth a bet.
hTtps://masterinvestor.co.uk/evil-diaries/evil-diaries-good-examples/
Offshore alliance appear to have reached some sort of agreement with management on montara...
PRODUCTION
• Jadestone Montara – EBA agreed in principle with EBA to go to ballot;
htTps://www.facebook.com/p/Offshore-Alliance-100063786371409/
Https://www.jadestone-energy.com/wp-content/uploads/2024/05/March-April_2024_Akatara_Video.mp4
Https://www.betting.net/reviews/watch-and-wager/
It’s worth noting that Watch and Wager are registered with a wide range of overseeing agencies. The list spans to Rosecroft Raceway, the Thoroughbred Owners of California, the Maryland Racing Commission, the Colorado Department of Revenue, Monarch Content Management as well as boasting an operators license that was issued by the California Horse Racing Board – these licenses are up there with some of the best online gambling sites and are trustworthy and authentic through and through.
Akatara
Overall progress of the project had reached 95.72% completion at the end of March 2024. Pre-commissioning and commissioning activities commenced in November 2023 and continued into early Q1 2024 for utility systems, with further progression towards commissioning for the process system. Commercial production remains on track to start in Q2 2024.
Nice to hear on the presentation that there are demands from others on akatara gas - PB indicated that they already have capacity to offer gas to a second contractor at 20% premium and there are demands for more- they are potentially going to be looking at upgrades in the future to meet demands.
At least we get an update on montara...
The Prohibition Notice that was issued in June 2022 is expected to remain open until each tank within the FPSO that can contain oil has been inspected and a technical file note demonstrating its fitness for service has been issued to NOPSEMA. Jadestone is currently methodically executing a tank restoration program, which resulted in 6 centre, 5 centre, 5 port, 5 starboard and both slops tanks being removed from the Prohibition Notice during 2023. Work is ongoing on the remaining tanks and once all are completed, the Prohibition Notice is expected to be fully lifted. Jadestone continues to engage closely and transparently with the regulator about the progress of the inspection work. The NOPSEMA Level 4 investigation into the 2C loss of containment is ongoing.
On akatara...
Currently, the Group is focused on testing all equipment, testing, cleaning and reinstatement of interconnecting pipe, electrical and instrument testing at both the gas plant and metering station, and the hydrotesting of the gas pipeline. Overall progress of the project had reached 95.72% completion at the end of March 2024. Pre-commissioning and commissioning activities commenced in November 2023 and continued into early Q1 2024 for utility systems, with further progression towards commissioning for the process system. Commercial production remains on track to start in Q2 2024.
Akatara...
During testing, one well achieved a maximum flow rate of approximately 9 million cubic feet per day (mmcf/d), with data from the well test supporting the current Akatara 2P reserves estimate. The well is designated to supply pre-commissioning and commissioning gas for the AGPF, while the second well is intended for use as an injector/disposal well.
A campaign with a 550 HP rig to work-over the planned five wells commenced in Q1 2024. Currently, four out of five well workovers have been completed and tested at an aggregate stabilised rate of c.30 mmcf/d, ready to deliver the gas production required to fulfil the daily contract quantity under the gas sales agreement.