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RNS Number : 2771K Jadestone Energy PLC 11 April 2024
Restoration of Trading on AIM
11 April 2024 - Singapore: Jadestone Energy plc (the "Company"), an
independent upstream company focused on the Asia-Pacific region, discloses
that, further to the announcement of 13 February 2024, it has been advised by
Woodside Energy Group Ltd. ("Woodside") that Woodside is cancelling the sale
of its participating interests in the Macedon and Greater Pyrenees Projects
offshore Western Australia.
As a result, trading in the Company's ordinary shares is expected to be
restored to trading with effect from 10:30 a.m. today.
As previously announced, the Company will publish its full-year 2023 results
on Monday 29 April 2024, prior to which the Company expects to announce the
outcome of the March 2024 reserves-based loan redetermination.
-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
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 by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2000. Upon the publication of this
announcement via a Regulatory Information Service, this inside information
will be considered to be in the public domain.
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