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.
Jadestone has executed a definitive Sale and Purchase Agreement to acquire a 100% operated working interest in the producing Montara project.
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.