Energy Producers
By Iain Gilbert
Date: Friday 04 Dec 2020
LONDON (ShareCast) - (Sharecast News) - Oil and gas production company Jadestone Energy said on Friday that it was on target to hit production guidance of 11,000-12,500 barrels a day.
In November, Jadestone said output averaged 11,365 barrels every day as the group looked to take advantage of what it anticipates will be stronger pricing going forward.
Jadestone, which holds a portfolio of development, production and exploration assets in Australia and Vietnam, said net cash jumped to $83.0m from $39.0m.
Chief executive Paul Blakeley said: "Our financial position is robust as our business remained cash generative throughout the 2020 depressed oil price environment, and has contributed to a growing net cash position as we articulated back in March. We expect to be entirely debt-free by the end of Q1 2021."
The AIM-listed group added that it was investigating a number of new merger and acquisition opportunities, including both high value but smaller tuck-in acquisitions and "larger, more material opportunities".
As of 0930 GMT, Jadestone shares were up 2.62% at 56.44p.
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Currency | UK Pounds |
Share Price | 33.29p |
Change Today | -0.21p |
% Change | -0.64 % |
52 Week High | 53.00 |
52 Week Low | 22.00 |
Volume | 47,618 |
Shares Issued | 540.82m |
Market Cap | £180.01m |
RiskGrade | 173 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 29-Sep-22 | 16-Jun-22 |
Paid | 14-Oct-22 | 05-Jul-22 |
Amount | 0.65¢ | 1.34¢ |
Time | Volume / Share Price |
10:47 | 1,317 @ 33.69p |
10:39 | 25,000 @ 33.10p |
09:19 | 15,000 @ 33.75p |
09:01 | 6,300 @ 33.10p |
08:39 | 1 @ 33.80p |
CFO | Bert-Jaap Dijkstra |
Chair | Adel Chaouch |
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