RNS Number : 7486M

Jadestone Energy PLC

16 January 2023

Transaction in Own Shares

16 January 2023 - Singapore: Jadestone Energy plc ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, announces that , in accordance with the terms of its share buyback programme announced on 2 August 2022, it has purchased the following number of ordinary shares of GBP0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

 Date of purchase:                                                           13 January 2023 
 Aggregate number of Ordinary Shares purchased:                                      171,682 
 Lowest price paid per Ordinary Share (pence per share):                               74.00 
 Highest price paid per Ordinary Share (pence per share):                              74.50 
 Volume weighted average price paid per Ordinary Share (pence per share):              74.32 

Following the cancellation of the repurchased shares, the Company will have no Ordinary Shares in treasury and 446,765,218 Ordinary Shares (excluding treasury shares) of GBP0.001 par value each in issue. Therefore, the total voting rights in the Company will be 446,765,218 .

The figure of 446,765,218 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as in force in the UK by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Stifel as part of the buyback programme.

Schedule of purchases:

 Ordinary Shares purchased:   Jadestone Energy plc (ISIN: GB00BLR71299) 
 Date of purchases:           13 January 2023 
 Investment firm:             Stifel Nicolaus Europe Limited 

Individual transactions:

 Transaction date and     Number of shares   Transaction price    Trading venue 
          time                purchased       (pence per share) 
13 January 2023, 11:39 
           AM                  60,000              74.25               LSE 
                         -----------------  -------------------  -------------- 
13 January 2023, 02:16 
           PM                  14,169              74.00               LSE 
                         -----------------  -------------------  -------------- 
13 January 2023, 03:12 
           PM                  50,000              74.50               LSE 
                         -----------------  -------------------  -------------- 
13 January 2023, 03:37 
           PM                  20,000              74.10               LSE 
                         -----------------  -------------------  -------------- 
13 January 2023, 04:12 
           PM                  27,513              74.50               LSE 
                         -----------------  -------------------  -------------- 

For further information, please contact:

 Jadestone Energy plc 
 Paul Blakeley, President and CEO           +65 6324 0359 (Singapore) 
 Bert-Jaap Dijkstra, CFO 
 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 
 Georgia Edmonds 
 Elfie Kent 

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 and Vietnam.

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 a 16.67% non-operated interest in the North West Shelf Oil Project offshore Western Australia, comprising four oil fields containing significant upside potential through potential infill drilling and life extension activities.

The Company has interests in four oil producing licences offshore Peninsular 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 in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field development, where first production is expected in the first half of 2024.

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 (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE). 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

January 16, 2023 02:00 ET (07:00 GMT)

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