Jadestone pursues a growth-orientated strategy, which has the objective of establishing a leading Asia-Pacific upstream company through acquiring and maximising the value of producing fields and development assets. Jadestone prioritises organic reinvestment, and maintains a conservative capital structure in order to capitalise on inorganic growth opportunities as they arise.

Notwithstanding this, Jadestone believes that its production and development led business model is fundamentally pre-disposed to provide meaningful shareholder returns, particularly during times of higher oil prices. The Company targets a sustainable base dividend, with a targeted split one-third to an interim dividend and two-thirds to a final dividend, growing over time in line with underlying cash flow generation.

The base dividend may be augmented over time by additional shareholder returns (in the form of share buybacks, special dividends and/or tender offers) if deemed appropriate by the Company.

In line with Jadestone’s dividend policy, the full-year 2022 and full-year 2023 results did not support the payment of a final dividend in respect of these periods. Jadestone intends to focus on strengthening the company’s balance sheet before reinstituting shareholder returns once the Akatara development is on stream in 2024, or earlier if the company’s financial position permits.

Jadestone does not offer a dividend reinvestment plan and does not offer dividends in the form of ordinary shares.