REG - Jadestone Energy PLC - Block Listing Six Monthly Return

Jadestone EnergyAnnouncement

29/08/2023 07:00

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RNS Number : 5322K  Jadestone Energy PLC  29 August 2023

Block Listing Six Monthly Return

 

29 August 2023 - Singapore: Jadestone Energy plc ("Jadestone", the "Company"
or together with subsidiaries, the "Group"), today makes the following
notification pursuant to Schedule Six of the AIM Rules for Companies regarding
its existing block admission arrangements in respect of the Jadestone Energy
Stock Option Plan, Jadestone Energy Stock Option Plan 2021 and Jadestone
Energy Share Option Plan 2022.

 

 Name of applicant:                                                                Jadestone Energy plc
 Name of scheme:                                                                   Jadestone Energy Stock Option Plan

                                                                                   Jadestone Energy Stock Option Plan 2021

                                                                                   Jadestone Energy Share Option Plan 2022
 Period of return:                        From:                                    26 February 2023           To:                        25 August 2023
 Balance of unallotted securities under scheme(s) from previous return:            24,245,844
 Plus:  The amount by which the block scheme(s) has been increased since the       Nil
 date of the last return (if any increase has been applied for):
 Less:  Number of securities issued/allotted under scheme(s) during period         Nil
 (see LR3.5.7G):
 Equals:  Balance under scheme(s) not yet issued/allotted at end of period:        24,245,844
 Number and class of securities originally admitted and the date of admission      25,034,488 Ordinary Shares of £0.001 each, admitted on 26 February 2021

                                                                                   2,852,631 Ordinary Shares of £0.001 each, admitted on 23 March 2021

                                                                                   1,046,690 Ordinary Shares of £0.001 each, admitted on 15 March 2022

 

 Name of contact:              Phil Corbett
 Telephone number of contact:  +44 7713 687467

 

 

For further information, please contact:

 

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO
 Phil Corbett, Investor Relations Manager              +44 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Jefferies International Limited (Joint Broker)        +44 (0) 20 7029 8000 (UK)
 Tony White
 Will Soutar

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Georgia Edmonds

 Elfie Kent

 

About Jadestone Energy

 

Jadestone Energy plc is an independent oil and gas company focused on the
Asia-Pacific region.  It has a balanced and increasingly diversified
portfolio of production and development assets in Australia, Malaysia,
Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive
upstream investment climate.

 

Led by an experienced management team with a track record of delivery, who
were core to the successful growth of Talisman Energy's business in
Asia-Pacific, the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments such at
Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well as through
acquisitions that fit within Jadestone's financial framework and play to the
Company's strengths in managing maturing oil assets. Jadestone delivers value
in its acquisition strategy by enhancing returns through operating
efficiencies, cost reductions and increased production through further
investment.

 

Jadestone is a responsible operator and well positioned for the energy
transition through its increasing gas production, by maximising recovery from
existing brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy is aligned
with the IEA Net Zero by 2050 scenario, which stresses the necessity of
continued investment in existing upstream assets to avoid an energy crisis and
meet demand for oil and gas through the energy transition.

 

Further, the Company has a 100% operated working interest in two gas
development blocks in Southwest Vietnam, and an operated 100% interest in the
Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field
development, where first production is expected in the first half of 2024.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please visit
www.jadestone-energy.com (http://www.jadestone-energy.com) .

 

This announcement does not contain inside information.

 

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