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JSE Jadestone Energy Inc

0.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Jadestone Energy Inc TSXV:JSE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.50 0.50 0.69 0 01:00:00

Jadestone Energy Restarts Production at Montara Oil Field

11/01/2019 8:53am

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By Oliver Griffin

 

Jadestone Energy Inc. (JSE.V) said Friday it has started production at the Montara oil field in the Timor Sea, following the completion of a maintenance-and-inspection shutdown.

The oil-and-gas company said production will be ramped up while final checks are carried out.

Jadestone Energy said it doesn't expect any major planned shutdowns until at least the second half of 2020.

PTTEP Australasia (Ashmore Cartier) Pty Ltd., a subsidiary of PTT Exploration & Production PCL (PTTEP.TH), which sold the Montara assets to Jadestone, has agreed to pay $22 million in relation to the shutdown.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

January 11, 2019 03:38 ET (08:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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