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…