Announced withdrawal from the Bone production sharing contract offshore Indonesia.
Closed the acquisition from Repsol of a 50% interest in the Ogan Komering Production Sharing Contract, Sumatra, Indonesia.
Announced changes to the board of directors and senior management; Paul Blakeley appointed as Executive Chairman, Michael Horn appointed Interim CEO; Paul Blakeley, Cedric Fontenit and David Neuhauser join the board.
New leadership team and board of directors reinforces the major shift in strategy, driven by a new leadership team and board of directors. The company’s approach is to establish itself as a leading oil and gas development and production company in the Asia Pacific region.
Agreed acquisition of Stag Oilfield.
Closed private placement of 700,000 common shares.
Agreed acquisition of 30% working interest in the Blocks 05-1b and 05-1c Production Sharing Contract, offshore Vietnam.
Announced pricing of private placement at $0.45.
Closed acquisition of Stag Oilfield.
Announced closing of C$53million non-brokered private placement.
Announced US$68 million new funding through combination of a non-brokered private placement and a convertible debt facility.
Appointed new Chief Financial Officer, Dan Young.
Mitra Energy Inc. changed its name to Jadestone Energy Inc., reinforcing a major shift in strategy.