Jadestone Energy Inc. (“Jadestone”) is a leading upstream development and production company in Asia Pacific, respected as an operator, partner and employer of choice. Jadestone is building a strong portfolio of oil and gas producing assets.
Currently, Jadestone owns the producing Stag oilfield offshore Western Australia, and has acquired a fifty percent interest in the Ogan Komering Production Sharing Contract in Sumatra, Indonesia, as joint operator of three producing fields with Pertamina. Jadestone’s portfolio also includes two fully appraised pre-development fields in Vietnam, targeting the gas-to-power market, and being prepared for development and production, and other exploration licenses across Southeast Asia, in Vietnam, Philippines and Indonesia.
The company plans to further build its asset portfolio by acquiring producing assets where it sees significant scope to introduce operating efficiencies and to achieve cost reduction, as well as increase production through further investment. It is also identifying appraised, non-producing assets, with proven resources and strong growth potential that can be cost effectively developed and quickly brought to production. The impact of this strategy generates early cash flow and significant incremental value to shareholders.
Jadestone’s experienced management team has an extensive track record of success in identifying and extracting significant trapped value from producing assets, through identifying operating efficiencies, reducing costs and increasing production and recovery factors through careful field and reservoir management, including infill drilling and enhanced recovery techniques.
Jadestone is headquartered in Singapore, with its principal technical team in Kuala Lumpur and operational offices in Perth, Jakarta, Ho Chi Minh City and Hanoi.
Jadestone Energy Inc. is listed on the TSX Venture Exchange (TSXV: “JSE”).