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PHILIPPINES

THE PHILIPPINES PRESENTS AN ENTICING INVESTMENT CASE FOR JADESTONE.  THE COMPANY CURRENTLY HAS INTERESTS IN TWO SERVICE CONTRACTS

Block SC 56

Jadestone holds a 25% interest in SC 56 in partnership with operator Total.

The Dabakan and Palendag discoveries are located within the boundaries of the SC 56 in the Sulu Sea Basin, offshore Philippines, approximately 150 kilometres off the coast of Malaysia, in water depth of approximately 1,802 metres.

 

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Block SC 57*

Jadestone has agreed to acquire a 21% working interest in Block SC 57 in offshore Palawan Island in the Philippines.

 

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* Pending Philippines Government approval of the Jadestone Energy farm-in agreement.

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