Jadestone Energy Plc is a Singapore-based leading independent upstream oil and gas company, engaged in the production and near-term development assets within the Asia-Pacific region to create value through strategic reinvestment and generate cash flow from expanding portfolio of balanced, low risk assets across the region. The company aims to acquire mid-life producing assets through additional capital investment, improving operating performance and maximizing reserves recovery within the Asia Pacific region. In year 2021, the company has acquired various operated and non-operated assets in Peninsular Malaysia. The company’s shares are traded on Alternative Investment Market (AIM) of the London Stock Exchange as LON: JSE.
The company has a portfolio of development, production and exploration assets in Australia, New Zealand, Vietnam, Philippines, Malaysia and Indonesia. In Australia the company holds 100% interest and operatorship of the Stage Oilfields and the Montara Project. Stage Oil Field is a developed oil production asset, lies within the boundaries of the WA-15-L production License in Carnarvon basin in offshore Western Australia. The Montara project of the company is located in production licenses AC/L7 and AC/L7 in the Timor Sea of Western Australia.
The company in New Zealand has agreed to acquire an operated 69% interest in the Maari project, which is located within PMP 38160 in the offshore Taranaki basin with Manaia oil fields and producing Maari. The company operates two development assets with 100% operated working interest in Vietnam which include Block 51 PSC and Block 46/07 PSC. The Block 51 PSC includes Tho Chu and U Minh discoveries within its boundary and the Block 46/07 PSC include Nam Du discovery on the eastern margin of the Malay-Tho Chu Basin. In Philippines the company has agreed to acquire 21% of working interest in Block SC 57 within offshore Palawan Island.
In Peninsular Malaysia, the company has four operated and non-operated offshore PSC license Blocks that include PM 323, PM 329, Kuala Lumpur Technical Centre and Non-operated Assets. The company owns 60% operated interest in the PM 323 license with three producing fields including East Belumut, Chermingat and West Belumut. In the PM 329 license the company owns 70% operated working interest and consist of the producing East Piatu field. The company also considers people as one of the most important assets in Malaysia. In the PM 318 and AAKBNLP license, the company owns 50% non-operated working interest with several producing fields. In Indonesia the company has 90% operated interest in Lemang PSC and is in discussion to participate in the Ogan Komering Gross Split PSC.
3 Anson Road, #13-01 Springleaf Tower 079909 Singapore