RE: News article16 Apr 2026 08:44
An update on Stag would definately be welcomed but according to Jadestones New article of 30th March all costs including production losses are covered by insurance:
Jadestone is currently assessing the damage to the Stag facilities, while also developing repair plans and a schedule for the resumption of production. The Group has appropriate insurance in place, for both physical damage and loss of production income and is working with insurers through the standard claims process. Based on information currently available, Jadestone does not expect this incident to have a material financial impact on the Group’s current year or longer-term cashflow projections.
Prior to shutdown, the field was producing approximately 2,000 bbls/d.
The Company will provide a further update in due course.
GLA