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Jadestone Energy has released its block listing six-monthly return, outlining the status of its stock option plans.
For the period from February 26, 2021, to August 25, 2021, the company reported an increase of 27,887,119 unallotted securities under its stock option schemes.
During the same period, 1,821,666 securities were issued, resulting in a remaining balance of 26,065,453 unissued securities.
The company manages a diverse portfolio across the Asia Pacific, focusing on oil and gas developments.
Jadestone Energy PLC announced a significant shareholder update following an acquisition of voting rights by FIL Limited. As of August 18, 2021, FIL Limited holds 5.016% of voting rights in Jadestone Energy, totaling 23,264,606 voting rights. This threshold acquisition was officially notified on August 19, 2021. The previous notification status remains undisclosed. The stock remains under scrutiny as market conditions evolve.
Jadestone Energy plc announced its Half-Year 2021 financial results will be released on September 9, 2021. The company, focused on oil and gas production in the Asia Pacific, will host a conference call for analysts and investors at 4:00 p.m. Singapore time (9:00 a.m. London) the same day. Dial-in details and a live webcast link are provided for access to the results and Q&A session. The interim financial statements will also be available on the company’s investor relations website.
Jadestone Energy has updated its operational and financial guidance for 2021, reporting H1 production at 9,934 bbls/d. Full-year production guidance remains unchanged at 11,500-13,500 boe/d. The Peninsular Malaysia acquisition contributes over 6,000 boe/d since the closing on August 1. Production costs remain at US$25.50-29.50/boe, while total spending is projected at US$105-115 million. The company reaffirms its commitment to a cash dividend for 2021. CEO Paul Blakeley emphasizes a favorable investment climate and strategic focus on acquisitions.
Jadestone Energy plc has successfully completed its acquisition of the Peninsular Malaysia assets from SapuraOMV Upstream Sdn Bhd. The deal, which involved a net cash receipt of approximately US$9.2 million, significantly enhances Jadestone's portfolio by adding 12.5 million barrels of oil equivalent in 2P reserves, a 34% increase. The acquired assets contribute about 6,000 barrels of oil equivalent per day of low-cost production, with over 90% being oil. This strategic acquisition aligns with Jadestone's growth objectives in the Asia Pacific region.
Jadestone Energy plc announced as of July 30, 2021, its capital consists of 463,789,477 ordinary shares of £0.001 each, all with voting rights. The company holds no shares in treasury. This figure should guide shareholders in determining their reporting obligations under the FCA's Disclosure Guidance and Transparency Rules. The announcement serves to inform stakeholders and does not contain any inside information.
Jadestone Energy has met all conditions to finalize its acquisition of Peninsular Malaysia assets from SapuraOMV, including receiving PETRONAS approval. The transaction, valued at US$9 million plus adjustments, is set for completion around July 30, 2021. Following the acquisition, Jadestone expects to gain immediate cash flow, with production of approximately 6,000 barrels of oil equivalent per day, primarily oil. This acquisition will also increase the Group's 2P reserves by 34%, adding 12.5 million barrels oil equivalent to its portfolio.
Jadestone Energy has received a crucial Ministerial decree from Indonesia's Minister of Mines and Energy, allocating gas sales from the Akatara gas field to PT Perusahaan Listrik Negara, effective June 30, 2021. This decree enhances the commercial viability of the gas field, allowing for gas, LPG, and condensate sales. Additionally, a heads of agreement has been signed with PLN for gas sales starting Q1 2024, with an expected sales volume of 20 BBtu/d at US$5.60/mmBtu. This development aligns with the company's strategic goals and is set to bolster local energy production.
Jadestone Energy provides an update on the acquisition of a 69% interest in the Maari asset offshore New Zealand. The long stop date for the purchase agreement has been extended to August 31, 2021, allowing both parties to satisfy the remaining conditions. This acquisition aligns with the company's strategy to expand its operational footprint in the Asia Pacific region. Jadestone, with assets in Australia, Indonesia, Vietnam, and the Philippines, aims to enhance its production capabilities through this transaction.
Jadestone Energy announced the successful passing of all resolutions at its Annual General Meeting held on June 16, 2021. Key resolutions include the approval of annual accounts and the appointment of auditors, both receiving 100% votes in favor. The company plans to acquire a 69% stake in the Maari Project offshore New Zealand and interests in four oil licenses offshore Malaysia, aiming for completion in H2 2021. Jadestone Energy is focused on expanding its portfolio in the Asia Pacific region with a diversified set of development and production assets.
