Jadestone Energy Inc. Announces Appointment of Corporate Broker

Rhea-AI Summary

Jadestone Energy Inc. has appointed Jefferies International Limited as a corporate broker, effective immediately. Jefferies will join Stifel Nicolaus Europe Limited, the current joint broker and nominated adviser. This appointment is expected to enhance Jadestone's advisory capabilities, helping the independent oil and gas company focused on the Asia Pacific region navigate its growth strategy. Jadestone operates several key projects, including the Stag oilfield and Montara project in Australia, and intends to acquire additional assets to boost its portfolio.

Positive

• Appointment of Jefferies International Limited may enhance advisory capabilities.
• Potential for improved strategic growth with experienced management.

Negative

• None.

SINGAPORE / ACCESSWIRE / April 8, 2021 / Jadestone Energy Inc. (AIM:JSE) (the "Company"), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce the appointment of Jefferies International Limited ("Jefferies") as a corporate broker to the Company, with immediate effect. Jefferies will act alongside the Company's nominated adviser and joint broker, Stifel Nicolaus Europe Limited.

For further information, please contact:

Jadestone Energy Inc.	+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, Joint Broker)	+44 (0) 20 7710 7600 (UK)
Callum Stewart
Simon Mensley
Ashton Clanfield
Jefferies International Limited (Joint Broker)	+44 (0) 20 7029 8000 (UK)
Tony White
Will Soutar
Camarco (Public Relations Adviser)	+44 (0) 203 757 4980 (UK)
Billy Clegg	jse@camarco.co.uk
James Crothers

About Jadestone Energy

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

The Company has a 100% operated working interest in the Stag oilfield and 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 H1 2021, upon receipt of customary 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 Inc. is listed on the AIM market of the London Stock Exchange. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com.

This announcement does not contain inside information.

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SOURCE: Jadestone Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/639398/Jadestone-Energy-Inc-Announces-Appointment-of-Corporate-Broker

FAQ

What is the significance of Jadestone Energy appointing Jefferies International Limited as a corporate broker?

The appointment of Jefferies International Limited is significant as it may strengthen Jadestone Energy's advisory capabilities, supporting its growth strategy in the Asia Pacific region.

How does the appointment of Jefferies impact Jadestone Energy's stock performance?

While the direct impact on stock performance is uncertain, having an experienced broker like Jefferies could positively influence investor confidence and market perception.

What other brokers does Jadestone Energy currently work with?

Jadestone Energy currently works with Stifel Nicolaus Europe Limited as its nominated adviser and joint broker alongside Jefferies International Limited.

What are some key projects of Jadestone Energy in the Asia Pacific region?

Jadestone Energy operates key projects such as the Stag oilfield and the Montara project in Australia, along with gas development blocks in Vietnam.

When did Jadestone Energy announce the appointment of Jefferies International Limited?

Jadestone Energy announced the appointment of Jefferies International Limited as a corporate broker on April 8, 2021.