IN NOVEMBER 2019, JADESTONE ENERGY EXECUTED A SALE AND PURCHASE AGREEMENT TO ACQUIRE AN OPERATED 69% INTEREST IN THE MAARI PROJECT, OFFSHORE NEW ZEALAND.
JADESTONE CONTINUES TO WORK TOWARDS COMPLETION OF THE TRANSACTION, INCLUDING SECURING THE REMAINING MINISTERIAL CONSENTS FROM THE NEW ZEALAND GOVERNMENT.
Maari Project
Jadestone has agreed to acquire a 69% operated interest in the Maari Project, which includes the producing Maari and Manaia oil fields, located within PMP 38160, in the offshore Taranaki basin, in a water depth of approximately 100 metres.
