Jadestone Energy plc

Equities

JSE

GB00BLR71299

Oil & Gas Exploration and Production

Delayed London S.E. Other stock markets 11:11:41 2024-07-03 am EDT			5-day change	1st Jan Change
32.05 ^GBX	+3.05%		+0.16%	-12.19%

12:42pm	Jadestone Energy CFO to Step Down	MT
08:00am	Jadestone Energy plc Announces Resignation of Bert-Jaap Dijkstra as Chief Financial Officer	CI

Jadestone Energy to commence operations at Akatara in coming weeks

June 06, 2024 at 06:22 am EDT

(Alliance News) - Jadestone Energy PLC shares rose on Thursday as the firm said it is ready to begin production at the Akatara development.

The Asia-Pacific focused upstream oil and gas company owns in its portfolio a 100% interest in the onshore Lemang production sharing contracts in Indonesia.

Jadestone Energy shares were up 7.8% to 32.61 pence each in London on Thursday morning.

This includes the Akatara gas processing facility which, as announced today, reached a key milestone with all components and systems for the site constructed, installed, and tested.

President and Chief Executive Officer Paul Blakeley said: "There has been a huge amount of effort and commitment across the business to ensure that the Akatara project remains on schedule...the team are now focused on the remaining commissioning activities ahead of introducing first gas into the facility this month and delivering sales gas volumes."

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI PETROLEUM INDEX	306.5 PTS	-0.14%	+2.28%	-
S&P GSCI ENERGY INDEX	275.4 PTS	-0.08%	+1.70%	-
BRENT CRUDE OIL SPOT	86.31 USD	-0.27%	+2.62%	-
WTI	82.9 USD	+0.32%	+2.41%	-
JADESTONE ENERGY PLC	32.05 GBX	+3.05%	+0.16%	213M

Latest news about Jadestone Energy plc

Jadestone Energy CFO to Step Down	06:42am	MT
Jadestone Energy plc Announces Resignation of Bert-Jaap Dijkstra as Chief Financial Officer	02:00am	CI
Jadestone Energy plc Announces Resignation of Bert-Jaap Dijkstra as Executive Director	02:00am	CI
Jadestone Energy up on Akatara gas development project updates	Jun. 24	AN
Jadestone Energy plc Provides Update on the Akatara Gas Development Project Onshore Indonesia	Jun. 24	CI
EARNINGS AND TRADING: Dialight trades in line; Petards swings to loss	Jun. 13	AN
Jadestone Energy's Gas Processing Plant in Indonesia Nears Completion	Jun. 06	MT
Jadestone Energy to commence operations at Akatara in coming weeks	Jun. 06	AN
Jadestone Energy plc Provides Update on the Akatara Gas Development Project Onshore Indonesia	Jun. 06	CI
Santos WA Assets Reportedly on Sale	May. 27	CI
Barclays raises Travis Perkins to 'overweight'	May. 16	AN
Jadestone Energy plc Announces Board Changes	May. 09	CI
Jadestone Energy swings to loss as revenue hurt by lower oil prices	Apr. 29	AN
Transcript : Jadestone Energy plc, Q4 2023 Earnings Call, Apr 29, 2024	Apr. 29
Earnings Flash (JSE.L) JADESTONE ENERGY Reports FY23 Revenue $309.2M	Apr. 29	MT
Earnings Flash (JSE.L) JADESTONE ENERGY Posts FY23 Loss $-0.18	Apr. 29	MT
Jadestone Energy plc Reports Production Results for the Year Ended 31 December 2023 and for the First Quarter of 2024	Apr. 29	CI
Jadestone Energy plc Provides Production Guidance for the Year 2024	Apr. 29	CI
Jadestone Energy plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 29	CI
Facilities by ADF profit hit by Hollywood strikes	Apr. 26	AN
Jadestone resumes trading as Woodside cancels sale of assets	Apr. 11	AN
Jadestone Energy Resumes Trading in the London Bourse	Apr. 11	MT
EXECUTIVE CHANGES: Spectris adds former Spirax CEO Anderson to board	Mar. 28	AN
Jadestone Energy plc Announces Board Changes	Mar. 27	CI
Jadestone Energy plc Announces Board Changes	Mar. 25	CI

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Company Profile

Jadestone Energy PLC is an upstream oil and gas development and production company with a focus on the Asia Pacific region. It has a portfolio of production and development assets in Australia, Indonesia, Malaysia, Thailand and Vietnam. It owns 100% operating interests in the producing Montara project and the Stag oilfield, offshore Western Australia. It owns a 60% operated working interest in the PM323 license, a 70% operated working interest in the PM329 licenses, all located offshore Peninsula Malaysia. It owns 9.52% non-operated interest in the producing Sinphuhorm gas field and a 27.2% interest in the Dong Mun gas discovery onshore northeast Thailand. It holds an operating 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, in addition to various exploration and pre-development assets in Vietnam and other parts of Southeast Asia. It also owns over 33.33 % working interest in the Cossack, Wanaea, Lambert, and Hermes (CWLH) oil fields development, offshore Western Australia.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-16 - Q2 2024 Earnings Release (Projected)

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Sell

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Mean consensus

BUY

Number of Analysts

Last Close Price

0.3943 USD

Average target price

0.7998 USD

Spread / Average Target

+102.85%

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