Tillkännagivande • May 19
Jadestone Energy plc, Annual General Meeting, Jun 11, 2026 Jadestone Energy plc, Annual General Meeting, Jun 11, 2026. Location: the offices of k and l gates llp, one new change, london ec4m 9af United Kingdom Tillkännagivande • May 12
Jadestone Energy plc to Report Fiscal Year 2025 Results on May 19, 2026 Jadestone Energy plc announced that they will report fiscal year 2025 results at 8:00 AM, Pacific Standard Time on May 19, 2026 Tillkännagivande • Mar 30
Jadestone Energy plc Provides Stag Field Update Jadestone Energy plc provided the following update in relation to the impact of Cyclone Narelle on the Stag field offshore Australia. In line with Jadestone's standard operating procedures, a shut down of the Stag facilities commenced on 23 March and the platform was demobilized due to the projected path of Cyclone Narelle, which developed into a Category 5 Storm with sustained wind speeds well in excess of 200 km/hr. After returning to the facilities on 28 March, storm related damage was observed on the Stag platform and at the offloading facilities. The field's export lines were cleared of hydrocarbons prior to shut-in and there was no release of hydrocarbons to the environment. The Australian offshore upstream regulator, NOPSEMA, was notified. Jadestone is currently assessing the damage to the Stag facilities, while also developing repair plans and a schedule for the resumption of production. The Group has appropriate insurance in place, for both physical damage and loss of production income and is working with insurers through the standard claims process. Based on information currently available, Jadestone does not expect this incident to have a material financial impact on the Group's current year or longer-term cashflow projections. Prior to shutdown, the field was producing approximately 2,000 bbls/d. The Company will provide a further update in due course. Tillkännagivande • Feb 26
Jadestone Energy plc Provides Production Guidance for the Full Year 2026 Jadestone Energy plc provided Production Guidance for the Full Year 2026. For the year, production guidance is set at 18,000 boe/d - 21,000 boe/d. Natural portfolio decline is expected to be offset by the positive impact of the PM323 infill drilling campaign, offshore Malaysia, which is due to commence near the end of first quarter of 2026 with first oil expected around mid-year. The Skua-10ST infill well at Montara (previously planned for 2026) has been deferred due to oil price volatility and to allow for the integration of further technical and planning studies following the results of the Skua-11ST well drilled in 2025. 2026 production guidance also reflects ~55 days planned downtime at CWLH for the maintenance related dry-docking of the Okha FPSO. Tillkännagivande • Sep 01
Jadestone Energy plc to Report First Half, 2025 Results on Sep 30, 2025 Jadestone Energy plc announced that they will report first half, 2025 results on Sep 30, 2025 Tillkännagivande • Aug 21
Jadestone Energy plc Announces an Update on the Testing of the Skua-11ST Development Well At the Montara Field Offshore Australia Jadestone Energy plc announced an update on the testing of the Skua-11ST development well at the Montara field offshore Australia. Consistent with previous disclosures, production from the Skua-11ST well commenced in early August 2025. Initial oil production rates from the well exceeded 6,000 bbls/d, significantly ahead of previous guidance of 3,500 bbls/d, with oil production rates subsequently stabilizing at 4,400 bbls/d on a 40% open choke prior to restart of the Montara field's other subsea wells. Skua-11ST was completed with downhole inflow control devices, which are designed to maximize reservoir sweep and recovery from the well. Skua-11ST, along with the other Montara wells, will be managed in the longer-term to maximise overall recovery from the Montara field. Tillkännagivande • Jul 25
Jadestone Energy plc Increases Production Guidance for the Year 2025 Jadestone Energy plc increased production guidance for the year 2025. For the period, the company production guidance is increased to 19,500 boe/d to 21,500 boe/d (from 18 boe/d to 21,000 boe/d), reflecting an increase of 1,000 boe/d at the midpoint of the range. Tillkännagivande • Jun 03
Jadestone Energy plc Appoints Thomas Mitchell Little as Chief Executive Officer, Effective 1 June 2025 Jadestone Energy plc announced the appointment of Thomas Mitchell (Mitch) Little as Chief Executive Officer (CEO) effective 1 June 2025. Mr. Little has relocated to Jadestone's head office in Singapore. Mr. Little will be responsible for the delivery of Jadestone's existing strategy, with the Group aiming to become the leading upstream independent in the Asia-Pacific region through both organic and inorganic growth. Mr. Little has over 30 years of experience in the upstream oil and gas industry, the majority of which was with Marathon Oil Company from 1987 to 2020 in various technical, supervisory and senior management positions. Prior to leaving Marathon, Mr. Little was Executive Vice President: Operations, where he held full responsibility for all of Marathon's operations and development activities across US unconventional and international operations, including health and safety and global supply chain functions. He was also a member of Marathon's Executive Committee. His technical assignments included roles in operations, reservoir management and drilling throughout the U.S., offshore Norway, West Africa, North Africa, and Indonesia. He has a Bachelor of Science in Petroleum Engineering from the University of Wyoming. Mr. Little also brings to Jadestone relevant industry expertise in his current role as Board Director of Helix Energy Solutions. Tillkännagivande • May 22
Jadestone Energy plc Provides Production Guidance for the Year 2025 Jadestone Energy plc provided Production Guidance for the Year 2025. For the period, the company expects average Production to be 18-21,000 boe/d. Tillkännagivande • May 20
Jadestone Energy plc, Annual General Meeting, Jun 20, 2025 Jadestone Energy plc, Annual General Meeting, Jun 20, 2025. Location: the offices of k and l gates llp, one new change, ec4m 9af, london United Kingdom Tillkännagivande • May 06
Jadestone Energy plc to Report Fiscal Year 2024 Final Results on May 20, 2025 Jadestone Energy plc announced that they will report fiscal year 2024 final results at 8:00 AM, GMT Standard Time on May 20, 2025 Tillkännagivande • Mar 31
Jadestone Energy plc Announces Skua-11 Operations and Group Production Update Jadestone Energy plc announced that the Valaris 247 jack-up rig has arrived on location at the Montara field offshore Australia to drill the Skua-11 well side-track ("Skua-11ST"). Skua-11ST is the main activity in Jadestone's 2025 capital program. Operations will cover safe decommissioning of the existing SK-11 well, after which a side-track will be drilled higher in the Skua structure to accelerate the recovery of reserves from this field. The Skua-11ST program is expected to take c.60 days to complete, with an expected initial oil rate of c.3,500 bbls/d when brought onstream and extending the economic life of the Montara field by one year. The well is expected to cost USD 62 million, with a forecast payback period of 16 months and generate a 65% internal rate of return. Tillkännagivande • Feb 11
Jadestone Energy plc to Report Fiscal Year 2024 Results on Feb 25, 2025 Jadestone Energy plc announced that they will report fiscal year 2024 results on Feb 25, 2025 Tillkännagivande • Jan 16
Jadestone Energy plc Announces Board Changes Jadestone Energy plc announced the appointment of David Mendelson to Jadestone's Board of Directors (the "Board") as an independent Non-Executive Director, effective immediately. On appointment, he will join the Board's Remuneration Committee and Governance and Nomination Committee. David Mendelson has 35 years of experience in the energy sector, the last 25 of which were with TotalEnergies in positions of increasing responsibility and seniority prior to his retirement in 2023. Immediately prior to retirement, he was a member of the TotalEnergies E&P Executive Committee, holding the position of Senior Vice President for TotalEnergies' Exploration and Production Business in the Americas, covering eight different countries including operations in USA, Canada, Argentina, Bolivia and Brazil, representing more than 400kboe/d of production in 2022, and exploration and appraisal operations in Mexico, Guyana, and Suriname. Prior to this, he was TotalEnergies' E&P Senior Vice President for Strategy, Global New Ventures and Research and Development, and prior to that, Vice President of E&P Global New Ventures, where he led a team that concludedasset acquisitions and divestmentsacross the globe, including in the Asia-Pacific region. Between 2014 and 2015 he led TotalEnergies' E&P business in Australia. Throughout the latter stage of his career at TotalEnergies, he regularly interacted with the Executive Committee of the company and was a member of the wider team of senior executives. Separately, and after over eight years on the Board, Cedric Fontenit has signalled his intention to step down as a Non-Executive Director of the Company on 20 January 2025 to focus on his other business interests. Tillkännagivande • Nov 11
Jadestone Energy plc Reiterates Production Guidance for the Full Year 2024 Jadestone Energy plc reiterated production guidance for the full year 2024. The company reiterates its 2024 production guidance, as provided in its first half of 2024 results on 17 September 2024, being towards the lower end of the 18,500 - 21,000 boe/d range. Tillkännagivande • Sep 18
Jadestone Energy plc Re-Iterates Production Guidance for the Year 2024 Jadestone Energy plc re-iterated production guidance for the year 2024. For the year, the company production guidance is reiterated at 18,500 boe/d - 21,000 boe/d, with an expected outcome towards the lower end of the range, given year-to-date production and ongoing Akatara activities. Tillkännagivande • Sep 03
Jadestone Energy plc to Report First Half, 2024 Results on Sep 17, 2024 Jadestone Energy plc announced that they will report first half, 2024 results on Sep 17, 2024 Tillkännagivande • Aug 19
Jadestone Energy plc Provides Update on the Akatara Gas Development Project Onshore Indonesia Jadestone Energy plc provided the following update on the Akatara gas development project onshore Indonesia. As previously reported, gas sales from the Akatara field commenced on 31 July 2024 at an initial rate of c.4 mmscfd. Since then, the gas plant has been progressively made operational and raw gas production into the Akatara Gas Processing Facility ("AGPF") has been steadily increased to 20 mmscfd, resulting in current gas sales in the range of 11-14 mmscfd. The AGPF's export compressors, which pressurise the sales gas for export into the regional gas transportation pipeline system, require further commissioning work, which will allow the plant to achieve the full raw gas volume of c.25mmscfd and deliver the sales gas daily contract quantity ("DCQ") of c.20 mmscfd, as specified in the Akatara gas sales agreement. This activity is expected to complete this month, with any associated costs remaining the responsibility of the main contractor and equipment vendor. Tillkännagivande • Jul 31
Jadestone Energy plc Provides Update on the Akatara Gas Development Project Onshore Indonesia Jadestone Energy plc provided the following update on the Akatara gas development project onshore Indonesia. Since 22 June 2024, when the Company announced mechanical completion of the Akatara Gas Processing Facility (the "Facility") and the introduction of reservoir gas into the Facility, raw gas production has ranged between 3-8 mmscfd, allowing for commissioning of the Facility's systems and the start of condensate production, which has totalled c.4,700 bbls to date. On 31 July 2024, following successful packing of the 17km export pipeline from the Akatara field, commercial gas sales into the regional trunkline in Sumatra commenced at a rate of c.4 mmscfd, or approximately 20% of the daily contracted quantity ("DCQ") under the Akatara gas sales agreement. LPG production is expected to start imminently. Jadestone will issue a further announcement once full DCQ (c.20 mmscfd) sales gas production is achieved, which is expected within the next two weeks. Tillkännagivande • Jul 30
Jadestone Energy plc Provides Production Guidance for the Year 2024 Jadestone Energy plc provided production guidance for the year 2024. While Jadestone continues to see Group production for 2024 at c.20,000 boe/d, the annual production guidance range is adjusted to 18,500 boe/d -21,000 boe/d, from 20,000 boe/d -22,000 boe/d, reflecting year-to-date production after significant first quarter 2024 weather impacts, and the revised timing of the start of Akatara commercial sales. The lower end of the range also incorporates a conservative assumption on Akatara production in the early stages of the processing facility's operating life, and a range of potential downside scenarios across the portfolio. Tillkännagivande • Jun 24
Jadestone Energy plc Provides Update on the Akatara Gas Development Project Onshore Indonesia Jadestone Energy plc provided the following update on the Akatara gas development project onshore Indonesia. On 18 June 2024, the Akatara Gas Processing Facility (the Facility) achieved the key milestone of mechanical completion, meaning all components and systems of the Facility have been constructed, installed and tested, marking a significant achievement prior to commercial production of the Akatara gas field. On 22 June 2024, reservoir gas was introduced to the Facility from the Akatara-A4 well, and a period of final commissioning using reservoir gas has now commenced. Condensate is already being processed to the Facility's storage tanks in preparation for sale, with first commercial gas and LPG sales to follow. Tillkännagivande • May 10
Jadestone Energy plc Announces Board Changes Jadestone Energy plc announced the appointment of Linda Beal to its Board of Directors as an independent Non-Executive Director with immediate effect. On appointment, Mrs. Beal will join the Audit Committee as Chair, replacing Iain McLaren who, in line with previous announcements, will not seek re-election at the Company's Annual General Meeting on 13 June 2024. Mrs. Beal will also join the Remuneration Committee and the Governance and Nomination Committee. Linda Beal has over 30 years of experience advising the upstream sector and since 2018 has been a board director of several UK AIM listed exploration and production ("E&P") companies. She will bring corporate governance and financial expertise and experience to her role as Jadestone's Audit Committee Chair. Linda joined Grant Thornton in 2013 as a Tax Partner, where she was Global Leader for Energy and Natural Resources with a mandate to build Grant Thornton's global energy and natural resources capability. Previously, Linda spent 30 years at PwC and its legacy firm Price Waterhouse in Audit and Tax, 16 of them as a Partner. With PwC's Natural Resources Independents business she focused on advising international E&P clients across the AIM, FTSE350, overseas listed and private sectors. Linda graduated in 1982 from the University of Nottingham with a Bachelor of Science degree in Mathematics, thereafter qualifying at Price Waterhouse as a Chartered Accountant and was admitted to the Institute of Chartered Accountants of England and Wales in 1986. Linda Janice Beal (née Coxon), aged 62, does not directly hold any ordinary shares nor options over ordinary shares in the Company and has held the following directorships in the past five years: Linda Beal Consulting LLP (current); Auxxilia Ltd. (current); Nomad Players Ltd. (current); Orca Energy Group Inc. (current); Kropz plc (current); I3 Energy plc (current); Global Pricing Innovations Ltd. (current); Hurricane Energy plc (previous); Airnow plc (previous); San Leon Energy plc (previous); Aminex plc (previous); and FlowStream Royalties Ltd. (previous). Mrs. Beal was a Non-Executive Director of Airnow plc from 13 April 2021 until her resignation on 6 November 2022. On 9 October 2023 Airnow plc entered into a Company Voluntary Arrangement. Tillkännagivande • May 01
Jadestone Energy plc, Annual General Meeting, Jun 13, 2024 Jadestone Energy plc, Annual General Meeting, Jun 13, 2024. Tillkännagivande • Apr 30
Jadestone Energy plc Provides Production Guidance for the Year 2024 Jadestone Energy plc provided production guidance for the year 2024. For the period, production guidance range is narrowed from 20-23,000 boe/d to 20-22,000 boe/d. The change to the upper end of guidance reflects first quarter Group production performance, which was impacted by both planned and unplanned downtime across the portfolio. Current internal forecasts point to an outcome at the lower end of the updated guidance range, based on first commercial gas sales from Akatara in June 2024, albeit there remains a wide range of possible outcomes, principally based on the timing and nature of Akatara's ramp up, as well as initiatives underway to optimise production at the Group's current producing assets. Tillkännagivande • Apr 10
Jadestone Energy plc to Report Fiscal Year 2023 Results on Apr 29, 2024 Jadestone Energy plc announced that they will report fiscal year 2023 results on Apr 29, 2024 Tillkännagivande • Mar 27
Jadestone Energy plc Announces Board Changes Jadestone Energy plc announced that Dennis McShane has stepped down as an independent Non-Executive Director and Chair of the Board with immediate effect. The Board has elected Adel Chaouch as Chair with immediate effect. Tillkännagivande • Mar 26
Jadestone Energy plc Announces Board Changes Jadestone Energy plc announced the following changes to its Board of Directors. Further to the announcement of 23 February 2024, Dr Adel Chaouch has been appointed to the Board as an independent Non-Executive Director following completion of due diligence. Dr Chaouch was Executive Director and Chief Executive Officer of ShaMaran Petroleum Corp., part of the Lundin Group of Companies, operating in the Kurdistan Region of Iraq, and prior to that he led Marathon Oil Company's ("Marathon") interests in the Middle East and North Africa. He was also responsible for the creation of a gas hub in Equatorial Guinea. Prior to working for Marathon, Dr Chaouch held positions of increasing responsibility for Raytheon E&C company, primarily on major projects largely in the oil and gas sector. He holds a Masters and a Ph.D. in Engineering from Texas A&M University. In line with the announcements of 25 January 2024 and 23 February 2024 respectively, Robert Lambert and Lisa Stewart have stepped down from the Board with immediate effect. Tillkännagivande • Feb 16
Jadestone Energy plc acquired 16.67% stake in the North West Shelf Oil Project from Japan Australia LNG (MIMI) Pty Ltd for $111 million Jadestone Energy plc agreed to acquire an additional 16.67% stake in the North West Shelf Oil Project from Japan Australia LNG (MIMI) Pty Ltd for $111 million on November 14, 2023.Stifel Nicolaus Europe Limited acted financial advisor to Jadestone Energy plc (AIM:JSE)
Jadestone Energy plc completed the acquisition of 16.67% stake in the North West Shelf Oil Project from Japan Australia LNG (MIMI) Pty Ltd on February 14, 2024. Tillkännagivande • Feb 14
Carlyle Reportedly Lines Up for Woodside's Macedon Project Private equity firms The Carlyle Group Inc. (NasdaqGS:CG), Hibiscus Petroleum Berhad (KLSE:HIBISCS) and Jadestone Energy plc (AIM:JSE) are believed to be the final contenders in the race to buy Woodside Energy Group Ltd. (ASX:WDS)'s Macedon oil and gas assets in Western Australia. Expectations are that the Macedon project could be worth about $500m ($770m). Woodside last year hired Morgan Stanley to sell Macedon and its other project, Pyrenees, but Pyrenees has not attracted buyer interest, sources say. The Pyrenees oil and gas field is a mature asset with 24 wells and has rehabilitation costs of about $1bn. Now the question is whether Woodside proceeds with the sale of just the one asset, or insists on any suitor buying both. And if it cannot find one to take both Pyrenees and Macedon, does it shelve the sale process. It's a process that slipped into the background last year when Woodside opted to sell assets in a deal to buy Australian rival Santos. Now the Santos talks have ended with both parties unable to reach an agreement - a result largely expected by industry experts because of price expectations, different shareholder requirements and a lack of synergies - other asset sales and acquisitions are again a topic of discussion for both Woodside and Santos. Santos boss Kevin Gallagher is likely to now assess options to unlock value for the company, such as with asset sales or demergers, but it's too early to say what his focus will be. Woodside has always indicated it is keen on acquisition opportunities offshore, such as the Gulf of Mexico, and some believe it is under pressure to find new earning streams as other projects come to an end. Jadestone Energy, a Singapore-based upstream oil and gas development and production company focused on the Asia Pacific region, already has assets in Australia, so it is no stranger to this market, and neither is Carlyle. It is believed that the sale process is now in the second round after first round bids were received last year. Woodside has a 71.4% interest in the Macedon field and a 62% holding in Pyrenees, which it operates. The assets will sustain production into the mid-2030s. Tillkännagivande • Jan 31
Jadestone Energy plc Provides Production Update for 2024 Jadestone Energy plc provided production guidance for 2024. For the period, the company's expected production to be 20,000 - 23,000 boe/d, a c.55% increase on 2023 at the midpoint. Tillkännagivande • Jan 25
Jadestone Energy plc Announces Appointment of Joanne Williams as an Independent Non-Executive Director Jadestone Energy plc announced the appointment of Joanne Williams as an Independent Non-Executive Director of the Company with immediate effect. On appointment, Ms. Williams will join the Health, Safety, Environment and Climate ("HSEC") Committee as Chair. Ms. Williams also joins Jadestone's Audit Committee and will stand for election at the Company's 2024 Annual General Meeting. Joanne Williams is a reservoir engineer with more than 25 years' experience in technical and executive roles with Woodside Petroleum, Newfield Exploration, Gulf Canada, Clyde Petroleum, Nido Petroleum and Blue Star Helium. Currently, Joanne is a Non-Executive Director of Buru Energy Limited, an Australian onshore explorer for oil, gas and natural hydrogen; a Non-Executive Director of 88 Energy Limited, an oil company with oil exploration and production assets in Alaska, Texas and Namibia, and a Non-Executive Director of Pinnacle Exploration Pte Ltd, which focusses on shallow water Gulf of Mexico oil opportunities. Previously, Joanne was Managing Director and Chief Executive Officer of Blue Star Helium Limited, an explorer for helium in the USA and a Director at Sacgasco Limited with oil and gas exploration and production assets in California, Canada and the Philippines. Tillkännagivande • Jan 15
Jadestone Energy plc Provides Production Guidance for 2023 and 2024 Jadestone Energy plc provided production guidance for 2023 and 2024. For the year, production is estimated to have averaged 13,800 boe/d, just above the top end of the implied annual 2023 guidance range of 12,600-13,700 boe/d, driven by strong performance from PM323 (Malaysia) and Montara into year-end. 2023 guidance range of 12,600-13,700 boe/d, driven by strong performance from PM323 (Malaysia) and Montara into year-end. For 2024, production expected to average 20,000-23,000 boe/d, a c.55% increase on 2023 at the midpoint. Tillkännagivande • Nov 08
Strike Energy Reportedly Out of Race for Oil, Gas Assets The $1 billion West Australian gas producer Strike Energy Limited (ASX:STX) is understood have pulled out of the race to buy Woodside Energy Group Ltd. (ASX:WDS)'s $500 million ($768 million)-plus Pyrenees and Macedon oil and gas projects. The sale process is proving to be slow moving for the suitors that remain in the race, with some questioning whether it will drag out into the new year. It is understood Strike was keen to buy the Macedon project but was not in a position to also take on Pyrenees. The sale process is being run by Morgan Stanley. Woodside inherited the two gas facilities in WA's Carnarvon Basin through its acquisition of BHP's petroleum business last year. First-round bids were received last month, but the offers were not conforming bids, with most suitors only vying for the more popular Macedon asset. DataRoom understands that parties that have been in the data room are The Carlyle Group Inc. (NasdaqGS:CG), Cooper Energy Limited (ASX:COE), the Chris Ellison-backed Mineral Resources Limited (ASX:MIN), billionaire Gina Rinehart's Hancock Prospecting Pty Ltd, Carnarvon Energy Limited (ASX:CVN), Strike Energy Limited (ASX:STX), Jadestone Energy plc (AIM:JSE) and Questus Energy LLC. Beach Energy was not thought to have put forward a bid because it currently has an Interim Chief Executive running the company, Bruce Clement. Sources believe that Beach, which is 30% controlled by the interests of billionaire Kerry Stokes and now chaired by his son Ryan on an interim basis, is the logical candidate to buy the assets. Tillkännagivande • Oct 18
Jadestone Energy plc Appoints Gunter Waldner as Non-Executive Director Jadestone Energy plc announced the appointment of Gunter Waldner as a non-executive director of the Company with immediate effect. Mr. Waldner was nominated as a non-executive director by the Company's large shareholder, Tyrus Capital S.A.M. and funds managed by it, pursuant to the relationship agreement entered into by the Company and Tyrus in November 2018. Mr. Waldner will stand for election at the Company's 2024 Annual General Meeting. Gunter Waldner (aged 51), an Austrian national, has over 25 years of corporate finance and investment management experience. Mr. Waldner is currently Head of Private Equity and Co-Chief Investment Officer of Tyrus Capital S.A.M. having joined the firm in 2012. Prior to Tyrus Capital, Mr. Waldner spent five years in senior positions at AlpInvest Partners, where he was responsible, amongst others, for deal sourcing, structuring and execution of secondary private equity transactions and portfolio management. Mr. Waldner's previous experience includes 10 years in investment banking at Lehman Brothers, advising corporates on M&A transactions and capital market activities. Mr. Waldner holds a Master's degree in Business Administration and Economics from the Vienna University of Economics and Business Administration. Mr. Waldner is also a director of New Lake 42 B.V. Tillkännagivande • Oct 10
Jadestone Energy plc Announces Operational Update Jadestone Energy plc announced since resuming production on 2 September 2023, Montara has averaged c.7,000 bbls/d, benefitting from some ongoing flush production and active management of the Montara H2, H3 and H4 wells to optimise the oil to gas ratio. It is expected that, over time, average oil production rates will normalise back towards previous guidance in the 6,000 - 6,500 bbls/d range. The Akatara development project is now c.70% complete, delivering on the end-September 2023 progress target of 65%. Long-lead time items continue to arrive at site on schedule and the project remains on track for commissioning in the first quarter of 2024 and first gas before mid-2024. The first well in the East Belumut infill campaign is maintaining higher than expected production levels as the drilling campaign continues. Tillkännagivande • Sep 08
Jadestone Energy plc Announces Montara Update Jadestone Energy plc provides the following update on operations at the Montara Venture FPSO offshore Australia. Initial production averaged around c.1,000 bbls/d from one well while the FPSO's oil production and gas compression systems were recommissioned. With further wells being brought back online in recent days, production has increased to c.8,000 bbls/d. This figure includes some flush production, and it is expected that average Montara production will return to pre-shutdown levels of c.6,000 bbls/d over the coming days. Ballast water tank 4P has also been returned to service following completion of final inspections and repairs. Preparations for the repair of the previously reported defect between oil cargo tank 5C and ballast water tank 4S are underway and additional inspections in tank 4S are ongoing. Tillkännagivande • Sep 05
Jadestone Energy plc to Report First Half, 2023 Results on Sep 19, 2023 Jadestone Energy plc announced that they will report first half, 2023 results on Sep 19, 2023 Tillkännagivande • Sep 01
Jadestone Energy plc Provides Operational Update Jadestone Energy plc provides the following operational update. Montara: The Company announced that, following an investigation and assurance review into the 4S/5C tank defect, it intends to restart production at Montara on 1 September 2023. Production will be restarted from one well at an expected rate of c.1,000 bbls/d to recommission the FPSO's oil production system, followed by gas compression, allowing further wells to be brought back online within several days. At this point, production is expected to increase to c.6,000 bbls/d, the rate prior to the shutdown at the end of July 2023. The Company will continue to utilise a shuttle tanker to provide additional storage during this period of constrained FPSO storage capacity. Further to the announcement on 23 August 2023, FPSO tank inspection and repair work has continued to make progress, with the following activities taking place: Repairs in ballast water tank 4P are almost complete, after which it will be returned to service. Inspections and preparations for repair work are now underway in tank 5C and ballast water tank 4S. The defects encountered pose no safety or structural risk, nor any risk of a hydrocarbon leak to sea. The National Offshore Petroleum Safety and Environmental Management Authority has been kept regularly updated on progress at Montara. Further updates on Montara will be provided as activity progresses. Akatara: The Akatara development continues to make good progress, and remains on budget and schedule for first gas in first half of 2024. The project is currently c.55% complete (from c.42% in mid-July 2023) with c.2.5 million man hours worked without a lost-time incident. Malaysia: On 15 August 2023, the Naga-2 rig was taken on contract for the East Belumut field drilling campaign on the PM329 PSC. Drilling operations on the first of the four wells has commenced. The four wells are expected to deliver incremental gross peak oil production of 2-2,500 bbls/d with a projected IRR of c.90%. Tillkännagivande • Aug 25
CPC Reportedly Set for Dorado Stake CPC Corporation, Taiwan is being tipped as the most likely buyer of an additional stake in the Dorado oil and gas project off the coast of Western Australia. Owner Santos Limited (ASX:STO) is understood to have had four or five parties in a data room, in a process run by investment bank Goldman Sachs. Among them are believed to be Kufpec (Kuwait Foreign Petroleum Exploration Company K.S.C.) and at least one Japanese suitor, with Mitsui & Co., Ltd. (TSE:8031) and Mitsubishi Corporation (TSE:8058) likely candidates. Other likely parties are Tokyo Gas Co.,Ltd. (TSE:9531), Osaka Gas Co., Ltd. (TSE:9532) and Jadestone Energy plc (AIM:JSE). But the latest chatter in the market is that Santos is pinning its hopes on CPC investing further. CPC recently finalised a deal with Carnarvon, the other owner of the project, to buy a 10% interest in Dorado and its Pavo project for an all-up payment of $146 million. Santos has an 80% interest in Dorado and the thinking in the market is that it remains keen to reduce that exposure to about 60%. Azure Capital-advised Carnarvon Energy was the only other holder before CPC bought in. Dorado, once owned by Woodside Petroleum and later Quadrant Energy before it was purchased by Santos, is an integrated oil and gas project that will be developed in two phases. It is located in the Bedout sub-basin, about 140km off the coast of WA's Port Hedland. Tillkännagivande • Aug 23
Jadestone Energy plc Provides Montara Operations Update Jadestone Energy plc provided the following update on operations at the Montara Venture FPSO offshore Australia, where production is temporarily shut in following the identification of a small defect between ballast water tank 4S and oil cargo tank 5C. Since the most recent announcement on 10 August 2023, preparations to repair the 4S/5C defect have progressed in line with expectations, with the following activities taking place: Inspections in ballast water tank 4P have been completed, with two minor repairs to be carried out over the coming days, after which it is expected that tank 4P will be returned to service. The oil in tank 5C has been offloaded into a shuttle tanker and cleaning of the tank is well advanced, with a short inspection programme commencing later this week. The offload of the oil from tank 5C has permitted re-entry into tank 4S, with inspections now underway. The defects encountered pose no safety or structural risk, nor any risk of a hydrocarbon leak to sea. The Company continues to engage with the National Offshore Petroleum Safety and Environmental Management Authority on the results of ongoing inspections, analysis and near-term activities at the Montara Venture FPSO. With regard to the disclosures in the 10 August 2023 announcement on the Company's reserve-based loan, Jadestone currently does not expect production at Montara to be shut in for more than 60 days, subject to ongoing inspections, identifying the cause of the 4S/5C defect and implementing preventative measures. A further update on the progress of Montara activities will be provided during the week commencing 28 August 2023. 
