Singapore-based Jadestone Energy has signed a preliminary agreement with PV Gas, Vietnam’s state-owned gas company, to sell gas from its Nam Du and U Minh fields in the southwest of the country. The deal covers a daily contract quantity of 80 million standard cubic feet of gas (mmscfd) for at least 55 months, starting from…
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Jadestone Energy signs Akatara gas sales agreement with PLN
SINGAPORE: Jadestone Energy announced that a gas sales agreement (GSA) for the Akatara field, located within the Lemang production sharing contract (PSC), was signed today at an industry conference in Indonesia, a news release noted. Paul Blakeley, President and CEO commented: “Reaching this key milestone less than 12 months after closing the acquisition of our…
Jadestone Energy acquires 10% interest in Lemang PSC
SINGAPORE: Jadestone Energy announced the acquisition of a 10% interest in the Lemang Production Sharing Contract (PSC). Through this transaction, Jadestone’s interest (pre local government back-in rights) in the Lemang PSC will increase to 100%. The 10% interest is being acquired through the execution of a Settlement and Transfer Agreement between Jadestone and PT Hexindo…
Jadestone Energy satisfies all conditions for Malaysia Acquisition
SINGAPORE: Jadestone Energy plc announced the satisfaction of all conditions required to complete its proposed acquisition of the Peninsular Malaysia assets of SapuraOMV Upstream Sdn. Bhd., including receipt of PETRONAS approval. Jadestone and SapuraOMV will now proceed to complete the transaction, which will entail Jadestone paying the headline consideration of US$9 million, subject to agreed…
Jadestone Energy fulfils all conditions for Lemang PSC acquisition
LONDON: Jadestone Energy Inc. announced that all conditions required to complete its proposed acquisition of an operated 90% interest in the Lemang production sharing contract, onshore Indonesia, are now satisfied. This includes receipt of governmental approval of the assignment of the interest and of Jadestone’s appointment as operator, and other consents required under the Lemang…
Jadestone Energy to acquire an operated 90% interest in Lemang PSC, onshore Indonesia
SINGAPORE: Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announced that it has executed an acquisition agreement with Mandala Energy Lemang Pte Ltd to acquire an operated 90% interest in the Lemang production sharing contract, onshore Indonesia, for a total initial headline cash consideration of US$12 million,…
Jadestone Energy to acquire an operated 69% interest in Maari Project for $50mn
SINGAPORE: Jadestone Energy has executed a sale and purchase agreement (SPA) with OMV New Zealand Limited, a subsidiary of OMV, to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand for a total headline cash consideration of US$50 million, to be funded from the Company’s cash resources. Jadestone Energy is…