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MALAYSIA

JADESTONE ENERGY HAS EXECUTED A SALE AND PURCHASE AGREEMENT TO ACQUIRE OPERATED AND NON-OPERATED INTERESTS IN PENINSULAR MALAYSIA, COVERING FOUR OFFSHORE PSC LICENSE BLOCKS.  

MALAYSIA IS ALSO HOME TO THE GROUP’S SUBSURFACE AND FINANCE TEAMS.

PM 323

Jadestone has agreed to acquire a 60% operated working interest in the PM 323 licence, which includes three producing fields, Chermingat, East Belumut, and West Belumut, in water depth of approximately 72 metres, in the Malay Basin,  offshore Peninsular Malaysia.

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PM 329

Jadestone has agreed to acquire a 70% operated working interest in the PM 329 licence, which includes the producing East Piatu field, in water depth of approximately 62 in the Malay Basin, offshore Peninsular Malaysia.

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Kuala Lumpur Technical Centre

People are Jadestone’s most important assets, and Malaysia is an excellent source of well-educated technical talent in the Asia/Pacific region.

Jadestone employs mostly Malaysian nationals as well as a small number of expatriates, including those from within the Asia Pacific region, at its Kuala Lumpur office.  This team help drive our continued success throughout the region.

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Non-operated Assets

Jadestone has agreed to acquire a 50% non-operated working interest in the PM 318 and AAKBNLP licences, which include several producing fields, in water depth of approximately 68 metres in the Malay Basin, offshore Peninsular Malaysia.

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