RNS Number : 0812C

Jadestone Energy PLC

16 June 2021

Jadestone Energy

Results of AGM

16 June 2021-Singapore: Jadestone Energy plc (the "Company"), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 16 June 2021 all of the resolutions set out in the Company's Notice of AGM dated 24 May 2021 were duly passed on a poll with the results as stated below:

 Resolutions                          Outcome      For     Against 
                                      of vote       %         % 
 Ordinary resolutions 
                                    ----------  --------  -------- 
 1. Annual Accounts                   Passed     100.00%    0.00% 
                                    ----------  --------  -------- 
 2. Appointment of Auditor            Passed     100.00%    0.00% 
                                    ----------  --------  -------- 
 3. Auditor's remuneration            Passed     96.67%     3.33% 
                                    ----------  --------  -------- 
 4. Re-elect A. P. Blakeley           Passed     100.00%    0.00% 
                                    ----------  --------  -------- 
 5. Re-elect C. Fontenit              Passed     98.46%     1.54% 
                                    ----------  --------  -------- 
 6. Re-elect R. Lambert               Passed     100.00%    0.00% 
                                    ----------  --------  -------- 
 7. Re-elect I. McLaren               Passed     98.46%     1.54% 
                                    ----------  --------  -------- 
 8. Re-elect D. McShane               Passed     98.46%     1.54% 
                                    ----------  --------  -------- 
 9. Re-elect D. Neuhauser             Passed     100.00%    0.00% 
                                    ----------  --------  -------- 
 10. Re-elect L. Stewart              Passed     100.00%    0.00% 
                                    ----------  --------  -------- 
 11. Re-elect D. Young                Passed     99.75%     0.25% 
                                    ----------  --------  -------- 
 Special resolutions 
                                    ----------  --------  -------- 
 12. Allot shares                     Passed     100.00%    0.00% 
                                    ----------  --------  -------- 
 13. Dis-apply pre-emption rights 
  up to 5%                            Passed     99.98%     0.02% 
                                    ----------  --------  -------- 
 14. Dis-apply pre-emption rights 
  for additional 5%                   Passed     99.98%     0.02% 
                                    ----------  --------  -------- 
 15. Purchase of shares               Passed     99.99%     0.01% 
                                    ----------  --------  -------- 

For further information, please contact:

 Jadestone Energy plc                       +65 6324 0359 (Singapore) 
 Paul Blakeley, President and CEO           +44 7392 940 495 (UK) 
 Dan Young, CFO                             ir@jadestone-energy.com 
 Robin Martin, Investor Relations Manager 
 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, 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 a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 90% interest 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 an operated 69% interest in the Maari Project, shallow water offshore New Zealand, and anticipates completing the transaction in 2021, upon receipt of customary approvals. The Company has also executed a sale and purchase agreement to acquire interests in four oil producing licences offshore Peninsula Malaysia; two operated and two non-operated positions. The Company anticipates completing the transaction in H2 2021, following the waiver of pre-emption rights and receipt of PETRONAS approval.

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 .

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.

This announcement does not contain inside information.

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(END) Dow Jones Newswires

June 16, 2021 04:35 ET (08:35 GMT)

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