Jadestone Energy (JSE)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 23.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 93.20
  • 52 Week Low: 22.00
  • Currency: UK Pounds
  • Shares Issued: 540.77m
  • Volume: 0
  • Market Cap: £128.43m
  • RiskGrade: 173

Jadestone Energy achieves annual daily production target

By Josh White

Date: Thursday 16 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Asia-Pacific-focussed oil and gas production company Jadestone Energy updated the market on its operations and guidance for 2021 on Thursday, reporting that it achieved the target of delivering around 20,000 barrels of oil equivalent of production per day by year-end.
The AIM-traded firm said that was driven by a "strong performance" from the Montara H6 well, and initial flows from Skua-11, post-workover.

It said average annual production for 2021 was expected to be around the midpoint of the 11,500 to 13,500 barrels of oil equivalent per day guidance range.

The company's unit production cost guidance remained unchanged at $25.50 to $29.50 per barrel of oil equivalent, with unit operational expenditure at year-end expected to be "significantly below" the lower end of that range, due to recent increases in production.

Major spending was now expected to be toward the upper end of the previous guidance range of $105m to $115m, as a result of additional work undertaken to successfully complete the Montara activity programme.

"We are very pleased to be concluding the Montara activity programme with no safety incidents to date, and, with the addition of Skua-11 production, we have already met our target of delivering 20,000 barrels of oil equivalent per day of production by year-end 2021," said president and chief executive officer Paul Blakeley.

"We now expect to reap the benefits of higher production and attractive pricing, given ongoing oil price strength, our unhedged position and recent improvements in the Tapis differential."

At 1154 GMT, shares in Jadestone Energy were up 1.24% at 80.99p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JSE Market Data

Currency UK Pounds
Share Price 23.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 93.20
52 Week Low 22.00
Volume 0
Shares Issued 540.77m
Market Cap £128.43m
RiskGrade 173

JSE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average
71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average
Value
39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average
71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average
Income
14.00% above the market average14.00% above the market average14.00% above the market average14.00% above the market average14.00% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Growth
24.17% above the market average24.17% above the market average24.17% above the market average24.17% above the market average24.17% above the market average
16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average

JSE Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Sep-22 16-Jun-22
Paid 14-Oct-22 05-Jul-22
Amount 0.65¢ 1.34¢

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JSE Key Personnel

CFO Bert-Jaap Dijkstra
Chair Adel Chaouch

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