Member Info for SEA7

HtTps://uk.investing.com/news/commodities-news/bofa-now-expects-oil-prices-to-trade-around-100bbl-for-the-rest-of-the-year-4588077

In its base case, the bank assumes the war ends before the end of April, factoring in a supply deficit of 4 million barrels per day (bpd) in the second quarter, followed by an average shortfall of 2.5 million bpd in the second half of the year.

“In this new base case, Brent would average $92.50/bbl in 2026, with oil prices around $100/bbl for the rest of the year and converging lower below $70/bbl by end-2027,” economists led by Claudio Irigoyen said in a note.

A great update

Https://x.com/proactive_x/status/2036839688627962323

Jadestone has mandated Arctic Securities and SB1 Markets as joint bookrunners to arrange a series of fixed income investor meetings commencing 23 March 2026. A new 5-year senior secured bond issue with an initial issue amount of US$200 million may follow, subject to, inter alia, market conditions.

The Company’s largest shareholder, Tyrus Capital, has subscribed for and will be allocated US$25 million in the bond issue.

The net proceeds will be applied towards refinancing of existing debt and general corporate purposes.

This comes as no surprise to the market, the company has been open about refinancing the RBL this year and all financing options were on the table. This included other debt structures such as another RBL or bonds such as being offered today.

Replacing the RBL with a bond issue at this stage in Jadestone’s evolution makes a great deal of sense, it gives flexibility, primarily in removing the significant process around the hectic semi-annual redeterminations as well as swings in the borrowing base.

Should the company raise the $200m that flexibility would be particularly helpful with regard to funding any Vietnam development capex, following the FDP approval this week and would enable the company to deliver on its strategic aims in that area.

The bond issue would bring a number of positives for the company, near-term free cash flow generated would stay in the business as opposed to paying down the RBL and could be prioritised for growth and reinvestment.

As for the strategy for Vietnam, as stated in the FDP announcement, the intent to farm-down has not changed and as such a partner would through a carry minimise the net funding required by Jadestone and with a stronger balance sheet be done from a position of relative financial strength.

This is good news for the company, certainly financial housekeeping that they had said was a priority and it shows that the management team is ‘getting its ducks in a row’, executing on strategy and maintaining discipline that the market should appreciate. I remain convinced that there is plenty of upside with my target price remaining at 75p.

Good update and more to come with M11 soon. At these oil prices, arrow is filling up the coffers, qith no debt and no hedges

The plan to refinance the existing debt is taking shape now

Malcy on VN.

The company has been positive about the potential FDP approval for Nam / Du but the market had grown slightly wary that it was taking longer than expected, so this is good news. Particularly it sends a strong message that the Vietnamese Government supports the project given that some disbelievers were equating lack of progress with misgivings amongst govt stakeholders.

This is the catalyst that the company needed to formalise the farm-down process and I know that leading up to this moment Jadestone has had a great deal of unsolicited interest in it. In particular what is likely proving attractive to bigger industry players is the wider running room on the acreage, with up to 1.5Tcf of unrisked gas in place on Jadestone’s licences which could be used to increase/extend the ND/UM plateau.

The IEA said they would release 400 million barrels from the reserves- what they dont say is that the max flow rate is 2 million barrels a day, from what i have listened to online. That means 200 days to get all 400 million barrels out. That is miniscule compared to the daily disruption at present

Someone on another board said there is an iceberg on the bid at 28p for 741,038 shares

Trump Threatens 'Unprecedented Military Consequences' As Iran Reportedly Starts Mining The Strait Of Hormuz

htTps://www.zerohedge.com/geopolitical/irgc-says-iran-not-us-will-determine-wars-end-trump-threatens-strikes-20-times-harder

Update(1555ET): A fresh Tuesday CNN report says that Iran has already begun laying mines in the vital oil transit Strait of Hormuz waterway:

Iran has begun laying mines in the Strait of Hormuz, the world’s most important energy chokepoint that carries about one-fifth of all crude oil, according to two people familiar with US intelligence reporting on the issue.

The mining is not extensive yet, with a few dozen having been laid in recent days, the sources said. But Iran still retains upward of 80% to 90% of its small boats and mine layers, one of the sources said, so its forces could feasibly lay hundreds of mines in the waterway.

Trump Threatens 'Unprecedented Military Consequences' As Iran Reportedly Starts Mining The Strait Of Hormuz

htTps://www.zerohedge.com/geopolitical/irgc-says-iran-not-us-will-determine-wars-end-trump-threatens-strikes-20-times-harder

Update(1555ET): A fresh Tuesday CNN report says that Iran has already begun laying mines in the vital oil transit Strait of Hormuz waterway:

Iran has begun laying mines in the Strait of Hormuz, the world’s most important energy chokepoint that carries about one-fifth of all crude oil, according to two people familiar with US intelligence reporting on the issue.

The mining is not extensive yet, with a few dozen having been laid in recent days, the sources said. But Iran still retains upward of 80% to 90% of its small boats and mine layers, one of the sources said, so its forces could feasibly lay hundreds of mines in the waterway.

December 26 futures is still $73 a barrel...currently the market isnt pricing this to be an extended conflict...if futures start rising this far out then jse will move faster

$107 on brent at this time

Today has seen Arrow announce production at two very successful wells at the Mateguafa field in the Tapir block where the company has reinforced a very good valuation based on a higher than expected overall flow rate of some 4.9m b/d made better by that figure being net of production.

The M-9HZ horizontal well encountered the Gacheta, C9 and C7 formations and has been brought onstream at a net 450 b/d with the potential to be higher as the company tweaks the ESP and choke sizes.

The M-10 vertical well, which found hydrocarbons in both the C7 and C9 formations and already has good production of a net 550 b/d and again on a restricted choke which again gives scope to increase the rate.

Next stop for Arrow is to drill the vertical M-11 development well, targeting both the C7 and C9 formations and then bring that onto production. Then, having already completed the Icaco pad, they will drill an exploration well which is expected to spud in April.

Arrow shares are up nicely today and having had a good run of well results and with today’s good production numbers are up 30% over six months. Arrow was deservedly in the Bucket List last week and with my TP still at 40p I think that there is a great deal of upside, I am interviewing Marshall this week so have much to talk about.

Https://arrowexploration.ca/presentations-events/

They mention an oxbow prospect - not heard that one before, as well as M and A as a focus for 2026..also

guidance on the water disposal from presentation..

The existing infrastructure allows Arrow to scale oil production up to 6,000–7,000 barrels of oil per day (bopd)without needing additional water disposal investment

Rystad expects prices to rise by $20 to about $92 a barrel when trade opens

Https://www.independent.co.uk/news/business/oil-price-latest-hormuz-straight-b2929701.html

Rystad expects prices to rise by $20 to about $92 a barrel when trade opens.

We remain committed to both operational and financial discipline as we seek to create value for our shareholders. I'm pleased to report that we are making good progress towards refinancing our reserves-based lending facility, which will allow us to prioritize Jadestone's cash flow generation for growth. We are also actively reviewing options to crystallize the value in our existing asset base, as well as potential inorganic growth opportunities."

Its a steady as she goes update, nothing of concern - if it is excitement you are looking for, vegas is a better place