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INDONESIA

JADESTONE ENERGY IS PROGRESSING ITS DISCUSSIONS WITH PERTAMINA FOR PARTICIPATION IN THE NEW OGAN KOMERING GROSS SPLIT PSC IN INDONESIA

Ogan Komering PSC

A new gross split PSC for Ogan Komering, effective May 20, 2018, was signed by Pertamina, Indonesia’s upstream regulator SKKMIGAS, and the Minister of Energy and Mineral Resources, awarding a 100% participating interest to Pertamina. Jadestone, as the prior partner in the PSC with Pertamina, has been directed to proceed with direct negotiations for participation in the new PSC with Pertamina.

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