Company
LON:JSE
Jadestone Energy is a leading upstream oil and gas development and production company focussed on the Asia Pacific region. Its asset portfolio includes producing and development assets in Australia, Indonesia, Vietnam, and New Zealand. The company plans to build its asset portfolio through the acquisition of producing assets where there are significant opportunities for operating efficiencies, costs reduction and increased production through further investment.
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'The Montara acquisition made last July is as good a prospect as he has seen for 25 years.'
Average production will be between 13,500-15,500 barrels per day
"We are delighted by the successful completion of our admission onto AIM, following our oversubscribed placing of $110 million,” said Paul Blakeley, Jadestone chief executive
The group has acquired the Montara oil project for US$195mln in cash
