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Share Price Information for Jadestone Energy (JSE)

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Share Price: 31.75
Bid: 31.50
Ask: 32.00
Change: 0.65 (2.09%)
Spread: 0.50 (1.587%)
Open: 30.75
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Low: 30.75
Prev. Close: 31.10
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IN BRIEF: Jadestone shares plummet on Montara production halt

Mon, 31st Jul 2023 10:35

Jadestone Energy PLC - Oil and gas production company focused on the Asia-Pacific region - Says production temporarily shut at Montara floating production storage and offloading facility offshore Australia due to a gas alarm in tank 4S. Says tank will be emptied, cleaned and inspected over the next few weeks. Production at Montara had only resumed in March after closing down in August of last year for repair activities.

Adds that as at June 30, consolidated cash balances were around USD118 million.

Chief Executive Officer Paul Blakeley says: "While disappointing and frustrating to have to shut in Montara again, we will find and repair any additional defect while continuing with the overall planned programme of inspection of the storage tanks on the FPSO. The safety of our personnel, as well as the long-term integrity of the asset, are paramount. We will provide a further update once the inspection of tank 4S is complete."

Current stock price: 23.80 pence each, down 32%

12-month change: down 76%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Jan 2023 15:57

Jadestone buying interest on onshore Thailand operation

(Sharecast News) - Asia-Pacific oil and gas producer Jadestone Energy has executed a sale and purchase agreement with Salamander Energy, an affiliate of PT Medco Energi Internasional, it announced on Thursday.

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19 Jan 2023 12:22

Jadestone Energy buys gas field stakes in Thailand for USD32.5 million

(Alliance News) - Jadestone Energy PLC on Thursday announced it is buying stakes in gas fields onshore Thailand.

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18 Jan 2023 13:51

Jadestone Energy shares up as Montara production to restart next month

(Alliance news) - Jadestone Energy PLC on Wednesday said it completed an independent review of its remediation plans and operational readiness for the Montara Venture floating production, storage and offloading unit.

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18 Jan 2023 13:18

Jadestone jumps as it works on re-start at Montara

(Sharecast News) - Asia-Pacific-focussed independent oil and gas producer Jadestone Energy said in an update on Wednesday that DNV's independent review of its remediation plans and operational readiness for the Montara Venture FPSO had been completed and submitted to Australian authorities, as required by the General Direction issued in September.

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Jadestone acquires remaining 10pc of Indonesia's Lemang

(Sharecast News) - Asia-Pacific oil and gas company Jadestone Energy announced the acquisition of the remaining 10% interest in the Lemang production sharing contract, onshore Indonesia, on Wednesday.

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Jadestone Energy takes full ownership of Lemang project in Indonesia

(Alliance News) - Jadestone Energy PLC on Wednesday said it has completed its acquisition of the remaining interest in the Lemang production sharing contract, located onshore Indonesia.

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IN BRIEF: Jadestone Energy director sells GBP180,000 in shares

Jadestone Energy PLC - oil and gas production in Australia, Malaysia, Indonesia and Vietnam - Non-Executive Director David Neuhauser sells 234,073 shares at GBP0.77, worth GBP179,736, on Thursday and Friday last week. Neuhauser now holds 32.1 million shares, a 7.1% stake, via Livermore Partners LLC.

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IN BRIEF: Jadestone Energy expects lower production 2022 amid repairs

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Jadestone completes Western Australia acquisition from BP

(Sharecast News) - Asia-Pacific oil and gas company Jadestone Energy announced the completion of the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes (CWLH) oil fields development, offshore Western Australia.

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1 Nov 2022 11:31

IN BRIEF: Jadestone completes oil field acquisition offshore Australia

Jadestone Energy PLC - oil and gas production company focused on the Asia-Pacific region - Completes acquisition of a non-operated 17% working interest in the Cossack, Wanaea, Lambert, and Hermes oil fields development, offshore Western Australia. Acquisition from BP Developments Australia Pty Ltd. The headline cost of the acquisition is USD20 million.

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