TIDMJSE

RNS Number : 5583W

Jadestone Energy PLC

23 December 2021

Jadestone Energy

Directorate Change

23 December 2021 - Singapore: Jadestone Energy plc (the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, announces that Dan Young, Chief Financial Officer (CFO), has decided to leave the Company. After more than 20 years overseas, Mr Young intends to repatriate back to Australia for personal family reasons. Mr Young will remain in his post, both as CFO and as a Director of the Company, until the publication of the Company's report and accounts for the year ended 31 December 2021, and in any event no earlier than the end of April 2022.

The Company will immediately commence a search for his replacement.

Paul Blakeley, President and CEO of Jadestone commented:

"The current financial health of Jadestone owes a great deal to Dan's hard work during the Company's formative years and he will leave behind a balance sheet that is in great shape, and with strength in depth in the finance function. We wish him and his family the best in their return to Australia and in his future career endeavours."

For further information, please contact:

 
 Jadestone Energy plc 
 Paul Blakeley, President and CEO           +65 6324 0359 (Singapore) 
 
 Phil Corbett, Investor Relations Manager   +44 7713 687467 (UK) 
                                            ir@jadestone-energy.com 
 
 Stifel Nicolaus Europe Limited (Nomad,     +44 (0) 20 7710 7600 (UK) 
  Joint Broker) 
 Callum Stewart 
 Jason Grossman 
 Ashton Clanfield 
 
 Jefferies International Limited (Joint     +44 (0) 20 7029 8000 (UK) 
  Broker) 
 Tony White 
 Will Soutar 
 
 Camarco (Public Relations Advisor)         +44 (0) 203 757 4980 (UK) 
 Billy Clegg                                jse@camarco.co.uk 
 James Crothers 
 

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Malaysia, Indonesia, Vietnam and the Philippines.

The Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has interests in four oil producing licences offshore Peninsula Malaysia; two operated and two non-operated positions. Further, the Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 100% interest (assuming completion of the Hexindo stake acquisition, as announced in November 2021) in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field.

In addition, the Company has executed a sale and purchase agreement to acquire a 69% operated working interest in the Maari Project, shallow water offshore New Zealand, and is working with the seller to obtain final New Zealand government approvals.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia-Pacific region.

Jadestone Energy plc is listed on the AIM market of the London Stock Exchange. The Company is headquartered in Singapore. For further information on the Company please visit www.jadestone-energy.com .

Cautionary Statements

This announcement may contain certain forward-looking statements with respect to the Company's expectations and plans, strategy, management's objectives, future performance, production, reserves, costs, revenues and other trend information. These statements are made by the Company in good faith based on the information available at the time of this announcement, but such statements should be treated with caution due to inherent risks and uncertainties. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied upon as a guide to future performance. The Company does not assume any obligation to publicly update the information, except as may be required pursuant to applicable laws.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAEAFAAALFFFAA

(END) Dow Jones Newswires

December 23, 2021 02:00 ET (07:00 GMT)

Jadestone Energy (LSE:JSE)
Gráfica de Acción Histórica
De Abr 2022 a May 2022 Haga Click aquí para más Gráficas Jadestone Energy.
Jadestone Energy (LSE:JSE)
Gráfica de Acción Histórica
De May 2021 a May 2022 Haga Click aquí para más Gráficas Jadestone Energy.