Jadestone Energy Plc · LSE:JSE
Jadestone Energy — Investor Presentation (February 2022)
12 slides from Jadestone Energy's investor presentation, Feb 10, 2022
Slide 1: 2022 Group Guidance
• Edit Master text styles • Second level • Third level • Fourth level 2022 Group • Fifth level Guidance 10 February 2022 www.jadestone-energy.com 1
Slide 2: Disclaimer & advisories
Disclaimer & advisories Disclaimer You must read the following before continuing. The following applies to this document, the presentation of the information in this document any question‐and‐answer session that may follow, and any additional documents handed out in relation to the presentation (col
Slide 3: Advisories
Advisories Certain of the information in this Presentation is “financial outlook” as approved by the Company’s Board of Directors as at 9 February 2022 within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding the Company’
Slide 4: Jadestone 2022 Group guidance
Jadestone 2022 Group guidance Targeting ~36% production growth and ~10% opex reduction versus 2021 Summary 2022 guidance Comments ⚫ Convert 2021’s published net zero ambition to a firm ESG Firm net zero commitment commitment later in H1 2022 ⚫ Stag infill drilling positively impacts Q4 2022 producti
Slide 5: 2022 production guidance: 15,500—18,500 boe/d
2022 production guidance: 15,500—18,500 boe/d 36% increase excluding any contribution from Maari Daily Group production, boe/d boe/d 20,000 ⚫ ~36% increase on 2021 at mid- point of the range ⚫ Valaris 107 scheduled for mobilisation to Stag in Q3 for infill 15,000 Group guidance range: drilling US$25
Slide 6: 2022 opex/boe guidance: US$23.00—28.00/boe
2022 opex/boe guidance: US$23.00—28.00/boe Group opex/boe falls ~10% year-on-year at the midpoint Opex/boe, US$ US$/boe 30 ⚫ Year-on-year reduction in opex partially offset by vessel inspection work scheduled for 2022 Group guidance range: ⚫ Excludes workovers 20 US$25.50 – 29.60/bbl ― Montara: no m
Slide 7: 2022 capex guidance: US$90—105 million
2022 capex guidance: US$90—105 million Stag infills and initial Lemang development capex Capex by asset, US$ million ⚫ 50H and 51H Stag infills form the 50H & 51H infills Lemang Vietnam Montara Other and contingency largest portion of capex ― Takes advantage of Australian tax investment incentives ⚫
Slide 8: Roadmap towards a net zero commitment
Roadmap towards a net zero commitment Jadestone intends to introduce a net zero emissions target in H1 2022 Transition climate risks and opportunities deep dive (H2 2021) Physical climate risks and opportunities deep dive (Q4 2021) Portfolio climate scenario analysis (Q4 2021/Q1 2022) Portfolio GHG
Slide 9: 2022 Stag infill drilling
2022 Stag infill drilling Optimising development plan with infill targets and donor wells pairing S-32H S-18H S-45H S-17H S-37H S-48H S-44H S-25H S-12H S-38H S-51H Stag-50H S-50H S-15HL2 Stag-51H (northwest): S-21H (east): recover recover unswept oil unswept oil S-36H between 37H S-49H between 12H a
Slide 10: Lemang PSC—Akatara development
Lemang PSC—Akatara development 2022 activities H2 2021 2022 Ministerial decree allocating gas sales from Akatara field ✓ Announced acquisition of remaining 10% stake in Lemang PSC ✓ Pre-sanction Akatara field gas sales agreement signed ✓ Debt financing discussions Conclude LPG SPA Conclude condensat
Slide 11: Growth options
Growth options Looking to make progress in 2022 Comments ⚫ EPCI tender process expected to conclude in Q1 22, followed by tender award in early Q2 22 Lemang ⚫ Following award, focus in 2022 will be detailed engineering and long lead procurement ⚫ Continue to press Petrovietnam and the government ove
Slide 12: Group work programme: 2022 & 2023 outlook
Group work programme 2022 & 2023 outlook Asset Activity 2022 2023 Production optimisation & opex Montara/Stag reductions Production Montara Stag Planned major 3-year cycle shutdowns PenMal Production optimisation & opex PenMal reductions Stag Infill drilling campaign (50H & 51H) Well operations Mont
Jadestone Energy — Investor Presentation (February 2022) on 6ix