Jadestone Energy plc - AVAILABILITY OF ANNUAL REPORT AND NOTICE OF AGM | MarketScreener
Jadestone Energy plc, a company that produces oil and gas in the Asia-Pacific region, has issued its 2022 Annual Report, which contains its verified financial outcomes for the year that ended on December 31st. The report is now publicly available on the company's website at www.jadestone-energy.com.
On June 7, 2023, the shareholders will receive the 2022 Annual Report, along with the notification of the 2023 Annual General Meeting (AGM) and Proxy Form. The AGM will take place on June 30, 2023, at 9:00 a.m. at Simmons & Simmons' offices in Citypoint, 1 Ropemaker Street, London, EC2Y 9SS.
It's great news that the enterprise has just released its Sustainability Report for the year 2022, and it's ready for viewing on their official webpage!
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Jadestone Energy plc is a company that operates on its own in the oil and gas industry and concentrates on the Asia-Pacific area. It has a well-rounded and safe portfolio of assets that covers all stages of development, production, and exploration in countries such as Australia, Malaysia, Indonesia, Thailand, and Vietnam.
The business has complete control over the Stag oilfield and the Montara project located in the offshore areas of Australia. These assets contain fields with oil production capabilities, and there is the possibility of expanding and exploring them further. Additionally, the business has a minor 16.67% stake in the North West Shelf Oil Project, which includes four oil fields with the possibility of significant growth through additional drilling and continued operation.
The business runs four licenses on the coast of Peninsular Malaysia. Presently, two of them are operational. The PM323 PSC license creates only oil while the PM329 PSC license creates both oil and gas. Additionally, the firm owns a 9.52% stake in the Sinphuhorm gas field in Thailand, but isn't directly involved in its operation.
Additionally, the business holds full control over operations in two gas development sectors in the southwestern region of Vietnam and is the sole proprietor of the Lemang PSC located in onshore Sumatra, Indonesia. This includes managing the development of the Akatara gas field, which anticipates the initial production in the first six months of 2024.
The Company is being managed by an experienced group of leaders who have a history of successful achievements. They were crucial to the growth and success of Talisman's business in Asia. Currently, the Company is implementing a plan to acquire assets in the Asia-Pacific region. Their goal is to create growth and add value to these assets through development and operation.
