Jadestone Energy Plc · LSE:JSE
Jadestone Energy — Investor Presentation (February 2021)
12 slides from Jadestone Energy's investor presentation, Feb 26, 2021
Slide 1: 2021 Group Guidance
• Edit Master text styles • Second level • Third level 2021 Group • Fourth level • Fifth level Guidance 26 February 2021 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 February 25, 2021 within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding the Compan
Slide 4: Sustainability
Sustainability Select ESG priorities for 2021 ! Target Zero instances of non-compliance, discharges, enforcement notices ! 5% less of flaring and diesel use to further reduce GHG emissions ! Continued improvement of oil-in-water concentration to < 15 mg/L Environment ! Continued alignment with TCFD
Slide 5: Jadestone 2021 Group guidance
Jadestone 2021 Group guidance 2021 sees a return to active organic re-investment and growth Summary of Jadestone 2021 Group guidance 2021 guidance Comments Australia Production 10,000—12,000 bbls/d ! H6 infill well + Skua 10/11 workovers in H2 2020 Gr Maari Production ~1,500 bbls/d ! Assumes transfe
Slide 6: 2021 production guidance: 11,500—13,500 bbls/d
2021 production guidance: 11,500—13,500 bbls/d Inclusive of Maari from 1 July 2021 (~1,500 bbls/d annualised contribution) 2021 production outlook versus H2 2020 actual Production growth drivers bbls/d ! Valaris 107 scheduled for June 20,000 Montara NFA 2021 Stag NFA ! Montara H6 infill well online
Slide 7: Project Clover
Project Clover Continuing cash flow savings with some offsetting rephasings in 2021 Opex, capex & others (excluding tax), US$ million Tax, US$ million US$ million US$ million Completed Completed 40 40 On track ~US$11 million of 2020 savings Under evaluation will be rephased expenditure in 2021 ~25%
Slide 8: 2021 opex/bbl guidance: US$25.50—29.50/bbl
2021 opex/bbl guidance: US$25.50—29.50/bbl Group opex/bbl Opex/bbl, US$/bbl US$/bbl Rephased 2020 Clover expenditure 50 ! Excludes workovers 2020A 2021E ! Maari included from 1 July 2021 40 ! Increase year-on-year mostly due to Group guidance range: 30 ― Clover related rephasing of 2020 US$25.50 – 2
Slide 9: 2021 spending guidance: US$85—95 million
2021 spending guidance: US$85—95 million Includes Skua workovers Major spending by asset, US$ million Other major spending, US$ million ! H6 infill ! Skua workovers ― Treated as opex for accounting purposes ! Includes ~US$8-9 million of rephased Clover capex savings from 2020 ! Pre sanction developm
Slide 10: Gas development projects
Gas development projects Indonesia and Vietnam Lemang PSC, onshore Indonesia Nam Du / U Minh development, offshore Vietnam ! 2C resource 17.2 mm boe (net)1 ! 171bcf of 2C resources with a further circa 31bcf in Nam Du South fault block and resource upside ! Anticipated plateau production of c. 5.3 m
Slide 11: Group work programme
Group work programme Medium term outlook Asset Activity 2021 2022 2023+ Montara Production optimisation & opex reductions Operations Stag Production optimisation & opex reductions Complete transition of operatorship, Maari embed Jadestone operating culture Montara Infill drilling campaign (H6) Produ
Slide 12: Other corporate initiatives
Other corporate initiatives 2021 priorities Comments ! Expanded Sustainability Report to be published in May ESG ! Governance approach evolving to UK company practices, including QCA adoption Leverage ! Jadestone will be debt-free by end of Q1 Oil price exposure ! 30% of Q2 2021 planned production s
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