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JADESTONE ENERGY

OUR HISTORY

2017

March

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.

2016

June

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.

July

Agreed acquisition of Stag Oilfield.

Closed private placement of 700,000 common shares.

August

Agreed acquisition of 30% working interest in the Blocks 05-1b and 05-1c Production Sharing Contract, offshore Vietnam.

October

Announced pricing of private placement at $0.45.

November

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.

December

Appointed new Chief Financial Officer, Dan Young.

Mitra Energy Inc. changed its name to Jadestone Energy Inc., reinforcing a major shift in strategy.