[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Plc LSE:JSE London Ordinary Share GB00BLR71299 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 3.92% 79.50 79.00 80.00 79.50 76.50 76.50 234,482 12:15:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 159.4 -41.9 -9.5 - 369

Jadestone Energy PLC Update on Maari Acquisition

30/06/2021 7:00am

UK Regulatory (RNS & others)


Jadestone Energy (LSE:JSE)
Historical Stock Chart


From Jun 2021 to Sep 2021

Click Here for more Jadestone Energy Charts.

TIDMJSE

RNS Number : 5289D

Jadestone Energy PLC

30 June 2021

Jadestone Energy

Update on Maari Acquisition

30 June 2021-Singapore: Jadestone Energy plc (the "Company"), an independent oil and gas production company focused on the Asia Pacific region, is pleased to provide an update on the planned completion of the acquisition of the 69% operated interest in the Maari asset, shallow water offshore New Zealand.

Further to the Company's announcement on 9 June 2021, we are pleased to confirm that following discussions with the seller OMV New Zealand Limited ("OMV NZ"), both Jadestone and OMV NZ have agreed to extend the long stop date under the Maari sale and purchase agreement to 31 August 2021. Both OMV NZ and the Company continue to work to satisfy the remaining outstanding conditions and to complete the transaction.

For further information, please contact:

 
 Jadestone Energy plc                       +65 6324 0359 (Singapore) 
 Paul Blakeley, President and CEO           +44 7392 940 495 (UK) 
 Dan Young, CFO                             ir@jadestone-energy.com 
 Robin Martin, Investor Relations Manager 
 
 Stifel Nicolaus Europe Limited (Nomad,     +44 (0) 20 7710 7600 (UK) 
  Joint Broker) 
 Callum Stewart 
 Jason Grossman 
 Ashton Clanfield 
 
 Jefferies International Limited (Joint     +44 (0) 20 7029 8000 (UK) 
  Broker) 
 Tony White 
 Will Soutar 
 
 Camarco (Public Relations Advisor)         +44 (0) 203 757 4980 (UK) 
 Billy Clegg                                jse@camarco.co.uk 
 James Crothers 
 

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Indonesia, Vietnam and the Philippines.

The Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field.

In addition, the Company has executed a sale and purchase agreement to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand. The Company has also executed a sale and purchase agreement to acquire interests in four oil producing licences offshore Peninsula Malaysia; two operated and two non-operated positions. The Company anticipates completing the transaction in H2 2021, following the waiver of pre-emption rights and receipt of PETRONAS approval.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia Pacific region.

Jadestone Energy plc is listed on the AIM market of the London Stock Exchange. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com .

This announcement may contain certain forward-looking statements with respect to the Company's expectations and plans, strategy, management's objectives, future performance, production, reserves, costs, revenues and other trend information. These statements are made by the Company in good faith based on the information available at the time of this announcement, but such statements should be treated with caution due to inherent risks and uncertainties. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied upon as a guide to future performance. The Company does not assume any obligation to publicly update the information, except as may be required pursuant to applicable laws.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQDZGZVFLVGMZM

(END) Dow Jones Newswires

June 30, 2021 02:00 ET (06:00 GMT)

1 Year Jadestone Energy Chart

1 Year Jadestone Energy Chart

1 Month Jadestone Energy Chart

1 Month Jadestone Energy Chart
ADVFN Advertorial
Your Recent History
LSE
JSE
Jadestone ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210919 22:14:52