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Jadestone Energy plc announced the total number of ordinary shares as of January 31, 2022, totaling 465,191,590 shares, each with voting rights. The company holds no shares in treasury. Shareholders should use this figure to determine whether they need to notify any interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
This announcement does not contain inside information and is provided by RNS, the news service of the London Stock Exchange.
Jadestone Energy plc reported a significant trading update for the year ended December 31, 2021. The company achieved an average production of 12,545 boe/d and estimated revenues of US$340.3 million, marking a record year. The final quarter saw strong cash generation, resulting in a year-end cash balance of US$117 million with no debt. Highlights include a gas sales agreement for the Akatara project and anticipated progress on the Maari acquisition. Furthermore, the company is advancing its ESG commitments and plans to establish a net zero commitment in the first half of 2022.
Jadestone Energy (OTC PINK:JADSF) reported that on December 17, 2021, CFO Dan Young exercised options totaling 1,700,000 shares. The exercise was comprised of various ordinary shares at prices between GBP 0.2763 and GBP 0.4883. Following net settlement, Young acquired 961,660 shares at GBP 0.001 each, raising his total holdings to 1,179,579 shares, representing 0.25% of the company's capital. This notification complies with UK Market Abuse Regulation.
Jadestone Energy plc has signed a gas sales agreement (GSA) for the Akatara gas field in Indonesia, marking a significant milestone less than a year after acquiring its stake in the Lemang production sharing contract (PSC). The GSA guarantees a daily contract quantity of 20.5 BBtu/d at a price of $5.60/mmBtu, with production expected to start in Q1 2024. The field contains an estimated 63.74 bscf of sales gas and has a total gross development cost of $94 million.
Jadestone Energy PLC announced a change in shareholder voting rights. FIL Limited reduced its holdings, now owning 4.999% of voting rights, down from 5.016%. This change occurred on November 4, 2021, with notification provided on November 5, 2021. The total number of voting rights held by FIL Limited is 23,202,809.
Jadestone Energy (AIM:JSE) announced on October 29, 2021, that it has a total of 464,119,577 ordinary shares, each with a £0.001 value and voting rights. The company does not hold any shares in treasury. This figure is essential for shareholders to calculate if they need to notify changes in their interest under the FCA's Disclosure Guidance and Transparency Rules. This announcement does not contain inside information and is part of the company’s compliance with regulatory requirements.
Jadestone Energy plc announced its capital structure as of September 30, 2021, comprising 463,869,477 ordinary shares with voting rights, valued at £0.001 each. The company holds no treasury shares. Shareholders should use this figure to determine their interest notifications per FCA's Disclosure Guidance and Transparency Rules. This announcement is compliant with the FCA regulations and does not contain inside information.
Jadestone Energy has successfully brought the Montara H6 well onstream, marking a significant milestone in oil production. The well initially delivered nearly 10,000 bbls/d and is expected to stabilize around 3,000 bbls/d. This increase contributes to the company's target of achieving 20,000 boe/d by year-end. The company is also poised for further growth amidst strengthening oil prices, enhancing its balance sheet.
Jadestone Energy (AIM:JSE) announced solid financial results for H1 2021, with production averaging 9,934 bbls/day, down 18% from H1 2020. Revenue surged 50% year-on-year to US$138.2 million, driven by a 46% increase in average realized oil prices to US$67.70/bbl. Operating cash flows stood at US$54.4 million, despite a 5% decline from prior year. The company declared an interim dividend of 0.59 US cents/share, a 10% increase from last year. Jadestone remains debt-free with net cash of US$48.3 million.
Jadestone Energy has updated its stakeholders on the acquisition of a 69% operated interest in the Maari asset, located offshore New Zealand. The deal, initially announced on August 31, 2021, has seen an extension of the long stop date to December 31, 2021, following negotiations with OMV New Zealand Limited. The completion of the acquisition remains contingent upon obtaining New Zealand Government approval. Further updates will only occur upon completion or significant changes concerning the transaction.
