Read on Twitter
#jse @JadestoneEnergy thread 1/5
Maari Acquisition - Purchase Price $50 million - backdated to Jan 2019
2019
4,511 bopd - Average Maari Production Net to Jadestone
$28.2/bbl - Average OPEX
$70.8/bbl - Average Oil Sales Price
$70.3m - Net cash flow to Jadestone
Maari Acquisition - Purchase Price $50 million - backdated to Jan 2019
2019
4,511 bopd - Average Maari Production Net to Jadestone
$28.2/bbl - Average OPEX
$70.8/bbl - Average Oil Sales Price
$70.3m - Net cash flow to Jadestone
2020
3,420 bopd - Average Maari Production Net to Jadestone
$22.2/bbl - Average OPEX
$42.0/bbl - Average Oil Sales Price
$25.0m - Net cash flow to Jadestone
#jse
3,420 bopd - Average Maari Production Net to Jadestone
$22.2/bbl - Average OPEX
$42.0/bbl - Average Oil Sales Price
$25.0m - Net cash flow to Jadestone
#jse
2021 - Current Production and OPEX Data and estimated Cash flow
3,657 bopd - Average Maari Production Net to Jadestone
$16.5/bbl - Average OPEX
$55.5/bbl - Current Brent Price
$41/bbl -Net Cash Flow to Jadestone
$4.64m - Average Monthly Cash Flow
$55.7m -Average Annual cash Flow
3,657 bopd - Average Maari Production Net to Jadestone
$16.5/bbl - Average OPEX
$55.5/bbl - Current Brent Price
$41/bbl -Net Cash Flow to Jadestone
$4.64m - Average Monthly Cash Flow
$55.7m -Average Annual cash Flow
2021 - Current
By the end of Jan 2020 - the Maari Field may have generated circa $100m of operating cash flow before tax net to Jadestone
By the end of Jan 2020 - the Maari Field may have generated circa $100m of operating cash flow before tax net to Jadestone
Strongly suggests on completion during Q1/2021 Jadestone may well pick up the Maari asset with its current circa $55.7m a year of operating cash flow(@ $55 Brent) for FREE along with a very decent cheque and 15m barrels of 2P reserves #jse
