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. Stag production in the first half of 2022 averaged 2,057 bbls/d.
Jadestone is the 100% owner and operator of the producing Montara Project, 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 a water depth of 77 meters. The Montara Project fields are situated in the prolific Vulcan Sub-basin. Production in the first half of 2022 averaged 7,509 bbls/d.
Jadestone has a non-operated 16.67% interest in the Cossack, Wanaea, Lambert, and Hermes (“CWLH”) oil fields development (the “North West Shelf Oil Project”), approximately 140km offshore north-west Australia in water depths of 75-135 metres in the North Carnarvon basin. Production from the CWLH fields averaged 14,196 bopd for the three months ended September 2022, or 2,366 bopd net to Jadestone’s acquired interest.
