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1 minute video from akatara, by the ministry of energy and mineral resources - two weeks ago...

https://www.facebook.com/kesdm/videos/akatara-diresmikan-energi-berdaulat-kini-lebih-dekathalo-sobatenergipemerintah-r/3657363671227654/

Hello #EnergyFriends ,

The government officially operated the Akatara Gas Processing Facility (AGPF) in Jambi, April 16, 2025, as a major step towards national energy independence!

You need to know that this project includes three main components, namely the construction of a gas plant equipped with the following facilities:

•⁠ ⁠Pengolahan LPG

•⁠ ⁠Construction of gas metering stations

•⁠ ⁠And, installation of pipe network

This project has strategic value in strengthening national energy security and is a real symbol that we can reduce dependence on LPG imports (which is currently still 80%) and utilize domestic oil and gas potential to the maximum.

It's time to be proud of the energy from the earth of Indonesia!

#EnergyResilience

#EnergySelfSufficiency

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Following the enactment of the Offshore Petroleum and Greenhouse Gas Storage Amendment (Titles Administration and Other Measures) Act 2021 which, amongst other things, enhanced the decommissioning framework applying to offshore assets in Australia, on 29 March 2023 Jadestone Energy (Australia) Pty Ltd, Jadestone Energy (Eagle) Pty Ltd and Jadestone Energy (CWLH) Pty Ltd, each wholly owned subsidiaries of the Company, entered into a deed poll with the Australian Government with regard to the requirements of maintaining sufficient financial capacity to ensure that each of Montara’s, Stag’s and CWLH’s asset restoration obligations can be met when due. The deed states that the Group is required to provide financial security in favour of the Australian Government when the aggregate remaining net after-tax cash flow of the Group is below 1.25 times of the Group’s estimated decommissioning liabilities net of any residual value, tax benefits, and other financial assurance committed by the Group for such purposes. The Group does not expect to provide financial security under the deed poll this year based on the financial capacity assessment.

The Malaysian and Indonesian regulators require upstream oil and gas companies to contribute to an abandonment cess fund, including making monthly cess payments, throughout the production life of the oil or gas field. The cess payment amount is assessed based on the estimated future decommissioning expenditures. The cess payment paid for non-operated licences reduces the ARO liability. The Malaysian abandonment cess fund only covers the decommissioning costs related to the oil and gas facilities, excluding wells. The Indonesian cess fund covers the decommissioning costs related to all facilities. The Group has recognised ARO provisions for the estimated decommissioning costs of the wells in the PSCs.

An abandonment trust fund was set as part of the acquisition of the CWLH Assets to ensure there are sufficient funds available for decommissioning activities at the end of field life. The cash contribution paid into the trust fund is classified as non-current receivable as the amount is reclaimable by the Group in the future following the commencement of decommissioning activities

Nopsema say....

https://www.nopsema.gov.au/sites/default/files/documents/NOPSEMA%20Decommissioning%20Compliance%20Strategy%202024%20-%202029.pdf

Floating infrastructure is removed as soon as practicable and within 12 months of permanently ceasing production.

All wells are plugged and abandoned within 3 years of the production system ceasing production.

All structures, equipment and property (including pipelines, platforms and all other subsea infrastructure) that forms part of a production system decommissioned to approved end-state as soon as reasonably practicable and no later than 5 years from that production system permanently ceasing production.

..so, that means JSE will do it over 5 years max

Cant even get the date right lol

current liability was recorded as 31st December 2023 - meaning cash spent by 1st Jan 2025 - we will see what they say in this years accounts

Correction 1st January 2024 !

Stag decom date is estimated at 2036 - they won't begin the decom working group until 2030/31 at the earliest

Montara decom date is estimated at 2031 and after this drill, probably 2032. - Working group will likely begin on decom plans in 2027.

page 122 section 37 of the last accounts, under provisions talks of ARO. The total blended ARO figure is shown as about $600 million across all assets, montara, stag, penmal, cwlh, lemang, of which $102 million was under current liabilities- so will have been spent across the period to 1st June 2024

each of these ARO would be spread over about a ten year period to restore areas to their original condition -there are some that have been paid up front already. So you do have to think that each one would have costs spread over ten years

The funds received will be used for the general purposes of the group including deleveraging the business and supporting ongoing projects.

Should do, but we will see!

Current mcap is £7.83 million

Nice after hours RNS - Cash received from non core asset sale

Bought another clip at 20.49 today - lower than its ever been, lower than the ipo price in 2018 and lower than the covid low in 2020

Changes to major shareholders as of 31st March

new addition of Interactive Investor - 3.08%

River Global up to 4.11% from 4.02%

invesco down to 3.02% from 4.04%

ubs down to 3.25% from 3.38%

Daily contract quantity (“DCQ”) of 20.5 BBtu/d commencing in Q1 2024

• Gas price of US$5.60/mmBtu

• Annual take-or-pay quantity set at 90% of the adjusted annual contract quantity

• Maximum daily quantity set at 110% of DCQ

As required by the RBL facility, at 30 June 2023, the Group had entered into oil price swap contracts for 4.2 mmbbls, representing approximately 78% of the required hedging volumes, at a weighted average price of US$70.29/bbl. The hedging programme was subsequently completed in July 2023, with 5 mmbbls hedged over the Q4 2023 to Q3 2025 period at an overall weighted average price of US$70.57/bbl

Added today

Thanks roxi - yes, it is a fair bit of work over 2 months

Https://docs.nopsema.gov.au/A1166886

Mobilise MODU to field.

• Obtain permission to enter Skua 500 m (1,640 ft) zone.

• Position the MODU on location.

• Preload legs, jack up, skid cantilever into position.

• Remove corrosion cap from the subsea tree.

• Connect HP riser to subsea tree, install MODU BOP onto HP riser and pressure test.

• Recover the internal tree cap.

• Run in with 140 mm (5½ in) drill pipe and degas the A-annulus. Via the rig Mud Gas Separator.(or by

other means as specified in the MODU Safety Case Revision).

• Install the internal 178 mm (7 in) landing string complete with the universal running tool (URT).

• Install intervention pressure control equipment.

• Recover lower crown plug.

• Bullhead kill well.

• Install deep-set mechanical plug isolate the reservoir

• Cut the tubing above packer and recover SCSSV and 700 m of tubing

• Set a cement plug with remaining completion string to permanently abandon the reservoir.

• Verify cement plug. Release sacrificial stinger, retrieve drill pipe to surface

• Penetrate 244 mm (9⅝ in) and degas B-annulus.

• Pull riser and rack back BOP.

• Dual Cut 244 mm (9⅝ in) casing and 340 mm (13⅜ in) casing.

• Pull 244 mm (9⅝ in) seal assembly.

• Recover 244 mm (9⅝ in) casing.

• Recover 340 mm (13⅜ in) casing with high-pressure well head housing (HPWHH).

• Set kick-off plug.

• Drill 406 mm (16 in) hole open water.

• Run and cement 340 mm (13⅜ in) casing.

• Run riser and BOP.

• Make up to HPWHH.

• Drill 311 mm (12¼ in) hole.

• Run and cement 244 mm (9⅝ in) casing.

• Drill 216 mm (8½ in) hole to well TD.

• Install sand screens and lower completion with deep barrier.

• Wellbore clean up.

• Install temporary suspension packer

• Recover HP riser and BOP.

• Install subsea tree, riser and BOP.

• Run landing string.

• Run upper completion.

• Recover landing string.

• Pull riser and rack back BOP.

• Rig demobilisation, including retracting the cantilever and jacking-down.

From a poster, known as "The Gold Mine" on another site..

Whilst I would prefer to have more newsflow, it is understandable to anyone closely following the AXL story that the next few months has the potential to dwarf the monumental progress made to date on the Tapir Block.

The reason for that is the planned drilling of the Mateguafa Oeste exploration drill, whose 12.1 million barrels mean recoverable resource (gross) or 6.05 million barrels (net to Arrow) dwarfs the targets previously drilled on the Tapir Block (Carrizales Norte was estimated to be only 2.6 million barrels gross or 1.3 million barrels net to Arrow pre-discovery, Baquiano was estimated to contain only 2.4 million barrels gross or 1.2million barrels net to Arrow pre-discovery).

Given the sequencing indicated in the 5th of February RNS the likely drill date for Mateguafa Oeste is June/July this year (after the three on-going Carrizales Norte horizontals are completed and the rig has moved).

It should be noted that the management team have shown considerable skill in identifying additional reserves within existing fields after the initial discovery has been made, so there is scope for Mateguafa Oeste to be even bigger than the 12.1 million barrels estimate given previously.

As stated previously I hold the belief that the most impactful discoveries on the Tapir block are likely to come from the Western side of the block, which touches the prolific Ranch Hermoso field, which has flowed at rates of 8,000+ BOPD from the Ubaque and 10,000+ BOPD from the Guadalupe.

Mateguafa Oeste looks to be the biggest, most western target on the block to date and is a (relative) stones throw away from the Rancho Hermoso field.

It is worth noting that Mateguafa Oeste is one of multiple large targets due to be drilled this year, Capullo (7.3 million barrels gross) and Mateguafa Attic (5 million barrels gross) are also due to be drilled this year also, which can further transform the company.

AIMHO / DYOR

Yellowcakes website is uptodate with a price of $65 - suspec that they show the mid price

HtTps://informereastafrica.com/index.php/informer-east-africa-news-home/world/the-uganda-graphite-grab-a-tiny-village-demands-its-fair-share-from-potential-mining-boom

Although Blencowe agreed to pay significant sums to the local community to boost skills, education, health and general infrastructure, there have been loud murmurings of discontent. Where is the money we were promised, some asked.

In mid-2024, with the help of Finance Uncovered, two Ugandan journalists began to investigate. By carefully examining the company’s annual accounts and other financial statements, the reporters set about tracking some of the promised funds.

And what they then found was not, as some had suspected – without foundation – egregious wrongdoing by the company, but instead wrangling among the so-called representatives of the community itself over who was to get what and when.