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Jadestone Energy PLC - oil and gas exploration and production in Australia, Malaysia, Indonesia, Thailand and Vietnam - Receives approval from Australia's National Offshore Petroleum Titles Administration for the title transfer connected to Jadestone's acquisition of an interest in the CWLH fields offshore Western Australia. The NOPTA approval is a key condition related to reserves-based loan, which the company is arranging with several banks. Jadestone bought a non-operated 16.7% working interest in the Cossack, Wanaea, Lambert, and Hermes oil fields development for USD20 million back in July of last year.
Current stock price: 53.58 pence
12-month change: down 47%
By Will Neill, Alliance News Reporter
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