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…
Tag: Lemang PSC
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,…