REG - Jadestone Energy PLC - Directorate Change

Jadestone EnergyAnnouncement

03/07/2024 07:00

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RNS Number : 9494U  Jadestone Energy PLC  03 July 2024

Directorate Change

 

3 July 2024 - Singapore: Jadestone Energy plc (the "Company"), an independent
upstream company focused on the Asia-Pacific region, announces that Bert-Jaap
Dijkstra, Executive Director and Chief Financial Officer, has decided to leave
the Company in order to pursue other career opportunities and repatriate back
to the Netherlands to rejoin his family. Mr Dijkstra will remain in his post
during the publication of the Company's 2024 Half-Year Results and the
scheduled September 2024 redetermination of the Company's reserve-based
lending ("RBL") facility.

 

The Company will immediately commence a search for his replacement.

 

Bert-Jaap Dijkstra, Chief Financial Officer of Jadestone commented:

 

"The positive outcome from the recent RBL redetermination again demonstrates
the confidence that our banks have in the Jadestone management team and
business model, helping to support the growth and diversification strategy. It
has been a pleasure to work with the entrepreneurial Jadestone team and its
external stakeholders, notably the banks, and I would like to thank the team
and the Board for a very rewarding experience."

 

Adel Chaouch, Chairman of Jadestone commented:

 

"On behalf of the Board of Directors, I would like to thank Bert-Jaap for his
efforts at Jadestone and his commitment to ensuring a smooth transition. We
wish him well on his return to the Netherlands and in his future
endeavours."

 

-ends-

 

For further information, please contact:

 

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO

 Phil Corbett, Head of Investor Relations              +44 (0) 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

 Peel Hunt LLP (Joint Broker)                          +44 (0) 20 7418 8900 (UK)
 Richard Crichton
 David McKeown

 Georgia Langoulant

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

 Elfie Kent

 

About Jadestone Energy

 

Jadestone Energy plc is an independent upstream 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 as 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.

 

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) .

 

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.

 

 

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