Jadestone Energy сократила добычу на 25% из-за простоя судов и урагана

- Price: 33p, IC View: Hold - Operating cash flows contract - Unplanned downtime at the Stag field Jadestone Energy’s (JSE) chief executive, Mitch Little, said that management was confident the upstream producer was “bolstering the foundations of [its] underlying business”. This isn’t immediately apparent, judging by half-year figures detailing a 25 per cent fall in production to 15,282 barrels of oil equivalent per day (boepd) and a 37 per cent increase in total production costs to $164mn (£121mn). Yet the problems are specific and identifiable. Production was always going to be constrained by scheduled dry-docking of the production vessel serving the Cossack, Wanaea, Lambert and Hermes (CWLH) Australian oilfields, although a subsequent reconnection issue didn’t help matters. Add in unplanned downtime at the Stag field due to the impact of Cyclone Narelle, and it’s not difficult to appreciate why barrelage came up short of the same period last year.