Jadestone Energy PLC - oil and gas producer in Asia-Pacific - Completes acquisition of the peninsular Malaysia assets of SapuraOMV Upstream for around USD9.2 million. The assets add immediate cash flow from around 6,000 barrels of oil equivalent per day of low operating cost production, on a net working interest basis, of which over 90% is oil. Adding the assets to the Jadestone portfolio will increase its proven and probable reserves by 34%, adding 12.5 million barrels oil equivalent of net working interest 2P reserves.
Current stock price: 78.88 pence
Year-to-date change: up 28%
By Amrit Sahota; newsroom@alliancenews.com
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Jadestone Energy (JSE)