Jadestone Energy PLC - oil & gas production company focused on the Asia Pacific region - Agrees with the seller of the 69% operated interest in the Maari asset, shallow water offshore New Zealand, to extend the long stop date to the end of 2021 from August 31, which was agreed previously. Both the seller, OMV New Zealand Ltd, and Jadestone Energy continue to work to satisfy the remaining outstanding conditions and to complete the transaction. However, there is ongoing uncertainty in the timing of New Zealand government approval.
Current stock price: 78.45 pence
Year-to-date change: up 28%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Jadestone Energy (JSE)