RNS Number : 6113H

Jadestone Energy PLC

07 April 2022

Jadestone Energy

Appointment of Jenifer Thien as a Non-Executive director of Jadestone Energy plc

7 April 2022 - Singapore: Jadestone Energy plc ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce the appointment of Jenifer Thien as an independent non-executive director of the Company with immediate effect. Jenifer will stand for election at the Company's 2022 Annual General Meeting. With her appointment, Jenifer also joins the following board Committees: (i) Remuneration, (ii) Governance and Nomination, and (iii) Health, Safety, Environment and Climate.

Jenifer Thien, a Malaysian national, is the Founder and Principal of Grit and Pace, through which she advises corporations on Environmental, Social and Governance (ESG) strategy and what it takes to drive change in supply chain, procurement and operational excellence. She has over 30 years of international senior executive experience in the consumer-packaged goods industry and had the opportunity to live and work in several countries across Asia and the US throughout her career. This includes 25 years with Mars, Incorporated, where she last served as the Global Chief Procurement Officer.

Jenifer has successfully led complex business transformation and sustainability programs through her deep understanding of the business enterprise, the ability to mobilise required capabilities, as well as intensive stakeholder engagement. She is currently an Independent Non-Executive Director of UEM Edgenta Berhad, a public listed company in Malaysia.

Dennis McShane, Chair of Jadestone commented:

"I'm delighted to welcome Jenifer to the board of Jadestone. The significant senior executive experience she has accumulated over a 30 year career will be an important and complementary addition to our director skillset. Jenifer's familiarity with implementing and advising on sustainability programmes will also be valuable as we navigate the energy transition and set out our net zero ambition in the near-term."


The following information is disclosed under Rule 17 and Schedule Two, paragraph (g), of the AIM Rules for Companies:

Jenifer Thien Bit Leong (aged 54)

Ms Thien does not hold any ordinary shares nor options over ordinary shares in the Company.

Ms Thien is currently an independent Non-Executive director of UEM Edgenta, a Malaysia listed company focused on providing physical asset solutions and infrastructure services.

There is no further information which is required to be disclosed under Schedule Two, paragraph (g),

of the AIM Rules for Companies in respect of Jenifer Thien.

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) 
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) 
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 .

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.

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(END) Dow Jones Newswires

April 07, 2022 02:10 ET (06:10 GMT)

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