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Jadestone’s growth-orientated strategy aims to establish a leading Asia-Pacific upstream company through acquiring and maximising the value of producing fields and development assets. We will do this through achieving significant operating efficiencies, increasing production and/or reducing costs by applying smart field development and reservoir management strategies.

  • Jadestone’s first acquisition was the producing Stag field in Block WA-15-L in the Carnarvon Basin offshore Australia, which completed in November 2016.

  • In July 2018, Jadestone signed a definitive agreement to acquire the producing Montara Project, in production licences AC/L7 and AC/L8 in the Timor Sea, and completed the acquisition in September 2018.

  • In June 2020, Jadestone executed an agreement to acquire an operated 90% interest in the Lemang production sharing contract (“PSC”), onshore Indonesia, and completed the acquisition in December 2020.

  • In August 2021, Jadestone completed the acquisition of a package of producing assets offshore Peninsular Malaysia.

  • In November 2022, Jadestone completed the acquisition of a 16.67% non-operated interest in the North West Shelf Oil Project, offshore north-west Australia.

  • In addition, Jadestone currently has a 100% stake in two PSCs covering over 3,500 km² offshore Vietnam, which contain pre-development gas discoveries.


Jadestone Energy owns 100% of the Stag field and Montara Project, and a 16.67% interest in the North West Shelf Oil Project, offshore Australia.

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Jadestone Energy owns operated and non-operated interests offshore Peninsular Malaysia, covering four PSCs.  Malaysia is also home to Jadestone’s subsurface and financial teams.

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Jadestone Energy has a 90% operated working interest in the Lemang PSC onshore Sumatra, Indonesia.

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Jadestone Energy has a portfolio of development assets in Vietnam including working interests in the Block 51 and Block 46/07 PSCs.

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Jadestone owns a 9.52% non-operated interest in the producing Sinphuhorm gas field and a 27.2% interest in the Dong Mun gas discovery onshore northeast Thailand

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Reserves and resources numbers for Jadestone’s assets above are from reports prepared for the Company by ERCE Ltd. (“ERCE”), a qualified reserves evaluator, and are available with the link below.


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