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Share Price: 32.50

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IN BRIEF: Jadestone gets okay for title transfer of Australia fields

Wed, 17th May 2023 13:45

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

Comments and questions to newsroom@alliancenews.com

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Berenberg starts Jadestone Energy at 'buy'

(Sharecast News) - Analysts at Berenberg initiated coverage on Jadestone Energy at 'buy' on Thursday, stating that the company's efforts to turn around mature assets that had been neglected by their previous owners during the downturn would lead to the stock's re-rating if successful.

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(Sharecast News) - Jadestone Energy on Thursday reported an annual loss, though its revenues more than doubled following an increase in production and on the back of higher oil prices.

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IN BRIEF: Jadestone gets okay for title transfer of Australia fields

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