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Pin to quick picksJadestone Energy Share News (JSE)

Share Price Information for Jadestone Energy (JSE)

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Share Price: 34.00
Bid: 33.50
Ask: 34.50
Change: 0.00 (0.00%)
Spread: 1.00 (2.985%)
Open: 34.25
High: 33.50
Low: 33.50
Prev. Close: 33.50
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TRADING UPDATES: abrdn Asia ups dividend; Jadestone inspects tank

Thu, 10th Aug 2023 17:54

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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abrdn Asia Focus PLC - Investment firm focused on Asian small caps - Declares fourth interim dividend for the year ended July 31 of 1.61 pence net, compared to 1.6p a year prior. In total, the four interim dividends declared for financial 2023 - including this dividend - amounted to 6.41p per share, compared to 6.4p the previous year.

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Jadestone Energy PLC - Oil and gas production company focused on the Asia-Pacific region - In July, production at the company's Montara venture in offshore Australia was temporarily shut in following a gas alarm within the FPSO's 4S ballast water tank. Says that an inspection has identified the location of a small defect between tank 4S and oil cargo tank 5C, which poses no safety or structural risk, nor any risk of a hydrocarbon leak to sea. Jadestone is now focused on final inspections in ballast water tank 4P prior to returning this tank to service, offloading crude oil from tank 5C, and re-entry to 4S in order to finish the inspection.

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Westmount Energy Ltd - Oil and gas investing company focussed on high impact drilling outcomes in emerging basins - Notes the proposed transaction announced by Eco (Atlantic) Oil and Gas Ltd regarding its acquisition of a 60% operated interest in the Orinduik Block, offshore Guyana, through the acquisition of Tullow Guyana BV, which is a wholly owned subsidiary of Tullow Oil PLC. Westmount didn't specify financial details, but said the acquisition of Tullow was in exchange for a combination of upfront cash and contingent consideration. Upon completion, Eco will hold a 75% participating interest in Orinduik, and will become operator of the block. Westmount holds 1.5 million shares in Eco, which represents 0.4% of its issued common shares.

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TI Fluid Systems PLC - Oxfordshire-based maker of automotive fluid storage, carrying, delivery, and thermal management systems for light vehicles - Declares an interim dividend of 2.3 euro cents per share. The dividend will be paid in sterling. Says the dividend will be converted from euro to sterling using the London closing spot rate on August 18.

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ACG Acquisition Co Ltd - Special purpose acquisition company looking to benefit from favourable price conditions for new economy metals and other mining materials - Says that it continues to discuss potential improvements to the transaction structure with its Anchor Investors and Appian Capital Advisory LLP, but has yet to reach an agreement regarding the proposed acquisition. The long‑stop date for a decision is August 18, after which either of ACG or Appian Capital may terminate the agreement. Subsequently, the book-building conducted in connection with the placing remains paused, and ACG has determined to cancel the retail offer. Any funds previously paid will be returned to retail investors through PrimaryBid in accordance with the corresponding provisions of the Prospectus. In mid-June, ACG announced that it had agreed the acquisition of the Atlantic Nickel nickel sulphide mine in Santa Rita and the Mineracao Vale Verde copper mine in Serrote, both in Brazil, from funds advised by Appian.

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By Holly Beveridge, 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 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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23 Nov 2022 13:09

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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23 Nov 2022 10:26

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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22 Nov 2022 15:16

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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17 Nov 2022 14:11

IN BRIEF: Jadestone Energy expects lower production 2022 amid repairs

Jadestone Energy PLC - oil and gas production company focused on the Asia-Pacific region - Expects oil production in 2022 to fall annually following ongoing repairs of defects at an oil cargo tank and at a ballast water tank.

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17 Nov 2022 09:32

LONDON BROKER RATINGS: RBC cuts Rathbones to 'sector perform'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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1 Nov 2022 13:02

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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27 Oct 2022 13:46

Jadestone blames lack of 'clarity', backs out of Maari purchase

(Sharecast News) - Asia-Pacific oil and gas producer Jadestone Energy has mutually agreed with OMV New Zealand to terminate the sale and purchase agreement to acquire an operated 69% interest in the Maari Project, offshore New Zealand, it announced on Thursday.

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27 Oct 2022 11:19

Jadestone Energy terminates Maari acquisition due to lack of progress

(Alliance News) - Jadestone Energy PLC on Thursday said it has terminated its acquisition of the Maari project in New Zealand due to lack of guidance on the regulatory approvals required to complete the deal.

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12 Oct 2022 09:52

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(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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