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AUSTRALIA

JADESTONE ENERGY HAS INTERESTS IN THE STAG OIL FIELD, MONTARA PROJECT AND NORTH WEST SHELF OIL PROJECT OFFSHORE WESTERN AUSTRALIA 

Stag

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.

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Montara Project

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.

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North West Shelf Oil

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. In November 2023, Jadestone announced the acquisition of a further 16.67% interest in the CWLH fields, which is expected to complete in Q1 2024.

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