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AUSTRALIA

JADESTONE ENERGY OWNS
100% OF THE STAG OILFIELD AND THE MONTARA PROJECT,
OFFSHORE WESTERN AUSTRALIA 

Stag

Jadestone is the 100% owner and operator of the producing Stag Oil Field.

Stag is a developed oil producing asset, located within the boundaries of the WA-15-L Production Licence in the Carnarvon basin, 60 kilometres offshore Western Australia, in a water depth of approximately 47 metres.  As of July 2018, oil production is circa 3.6 mbbl/d.

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Montara

Jadestone is the 100% owner of the producing Montara project, and is expecting to be formally granted operatorship of the asset upon approval from NOPSEMA*.

The Montara project is located in Production Licences AC/L7 and AC/L8 in the Timor Sea, approximately 690 kilometres west of Darwin, 630 kilometres north of Broome and 250 kilometres north-west from the Kimberley coastline of Western Australia in water depth of 77 meters. The Montara fields are situated in the prolific Vulcan Sub-basin.

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* Jadestone owns a 100% legal and beneficial interest in the Montara assets and a 99% legal and 100% beneficial right, title, and interest in the associated production licences AC/L7 and AC/L8 (the “Montara Titles”).  The remaining 1% legal interest in the Montara Titles is being held on trust by the seller, in favour of the Company, until Australian regulatory approvals relating to the transfer of operatorship of the Montara assets from PTTEP to the Company, are obtained from The National Offshore Petroleum Safety and Environmental Management Authority.
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