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I was spitting daggers this morning when I saw this and thought that why oh why did they produce the update with the guidance downgrade two days before first contractual gas from Akatara? IR has since told me that it was to do with Aim regulations on guidance so that’s me back in my box…

As for the news today, it’s obviously fantastic and the company should be congratulated on delivering what I agree is ‘no small task’. With all the other positive drivers coming through in short, medium and the long term Jadestone covers all bases and is now recovering fast.

This will be short term traders who took positions either a few days ago, or today in the hope of seeing a decent rise, that they could sell into - that hasn't happened - so they have exited the trades and the price went down

An excellent achievement and to within a whisker of the anticipated timeframes.

Jadestone are on the verge of getting back to a growth situation and it is a shame that this update has come before commercial production starts at Akatara and is still imminent. Add to that and the bad weather and Jadestone has had to downgrade guidance which is a real shame.

There are lots of pluses that will produce the steps forward after this one backwards, costs are low and the balance sheet is strong. Management is amongst the best in the business with imaginative deals coming through regularly and in the CWLH deal the payments are down. Add to that the recent Malaysia deal which has serious long term upside and potentially another step forward and JSE just about gets the benefit of the doubt.

From the akatara page on the website

Jadestone is in the final stages of negotiating a second gas sales agreement for an incremental 3 bscf of gas sales to be sold at a premium to the existing GSA.

Reads ok to me - steady as she goes update

Pretty much a steady as it goes update - holding back on geo until clarity - and I bet they would sell the entire O and G portfolio off the back of the right bid, based on this comment in the update

"We have committed to transitioning, over time, to a geothermal business, generating geothermal heat in the UK and power in Croatia. "

whilst they don't specify a timeframe, the writing is on the wall - transitioning to geothermal business, means selling the o and g assets.

Thanks jonny - for translating

You will of course note that page 33 actually has jadestone logo on it, which implies jadestone supplied it and indicated 24th July as on spec sales commencing.

See page 33 which specifically states 24 July 2024 on spec sales gas.

Completed and coloured yellow - which indicated that the overall progress is

HtTps://www.slideshare.net/slideshow/20240625-rm-laporan-mingguan-departemen-pengelolaan-proyek-rev3-pptx/270293938

The above is the project management departments weekly report dated 25th June and posted online last week..

see map on page 2 denoting akatara July 2024

see list on page 10 which shows jadestone akatara expected July 2024 - 1100 bopd/25mmcfsd gas. It also shows as 99.1% completed and coloured yellow - which indicated that the overall progress is

I see that they have refreshed the website with a new look...

the indonesia page is fully refreshed and does state the following..

Jadestone is in the final stages of negotiating a second gas sales agreement for an incremental 3 bscf of gas sales to be sold at a premium to the existing GSA.

Yep - YCA will sometimes move in lock step with the U308 price - by that I mean, if YCA trades at an 18% discount to NAV and the U308 price drops, YCA shareprice drops also, which maintains the discount at 18% and conversely, I have seen the U308 price increase, when YCA is at an 18% discount, only for the share price to move up and still trade at an 18% discount to NAV.

YCA generally follows SPUT- if we see money flowing into SPUT, money generally flows into YCA and out, if money flows out of SPUT

For the record, YCA has traded in the range of 0.5% below NAV to 21% below Nav for a couple of years, at least -so buying at this level, has the probability of a reversal much higher than further downside - U308 price, notwithstanding

Https://www.proactiveinvestors.co.uk/register/event_details/447?viewSource=TwitterUK

jadestone will be presenting at this event on the 19th September at the chesterfield in mayfair.

Note the changes to the signficant shareholders in the last eight months..

significant shareholders as of 30th June 2024...

Tyrus Capital 26.44%

Fidelity International 9.71%

Baillie Gifford 7.07%

Livermore Partners 5.92%

Hargreaves Lansdown 4.17%

River Global Investors 3.45%

Invesco 3.42%

Canaccord Genuity Wealth Management 3.31%

UBS Wealth Management 3.22%

Premier Miton 3.09%

signficant Shareholders as of 31st October 2023

Tyrus Capital 26.44%

Fidelity International 9.97%

Baillie Gifford 7.76%

Livermore Partners 5.92%

Hargreaves Lansdown 3.37%

Premier Miton Investors 3.17%

Canaccord Genuity Wealth Management 3.06%

Yes - the geothermal and energy transition plans will be supported by the new government - star will benefit

and the o and g 2k boepd is putting money into the coffers hand over fist at $87 a barrel

Https://www.facebook.com/people/Offshore-Alliance/100063786371409/

A massive outcome for all OA Montara members is locking in redundancy entitlements of more than $5 million, into a formal Deed with Jadestone’s parent company – to ensure that members’ entitlements are secured in the event of a default by Jadestone Energy (Australia) Pty Ltd.

Great work by the OA Jadestone Montara crew in sticking tight and locking in a good EBA outcome.

Https://www.youtube.com/watch?v=0tbxDK_aP8Y&t=28s

They just released a new interview video

HtTps://asiatoday.id/read/jadestone-energy-enters-final-commissioning-of-gas-facilities-in-jambi

Head of the SKK Migas Program and Communications Division, Hudi D. Suryodipuro, said that the completion of the construction of the Akatara gas facility is believed to be able to increase national gas production.

“The Akatara gas facility is certainly very helpful, distributing gas, so that gas commercialization can make a significant contribution to the country,” said Hudi.

According to Hudi, SKK Migas will continue to encourage KKKS, including Jadestone Energy (Lemang) Pte. Ltd., is not only building commercial gas facilities but also expanding exploration into new areas in Jambi province.