Jadestone is the 100% owner of the producing Montara project, offshore Australia, and is expecting to be formally granted operatorship of the asset upon approval from NOPSEMA*.  In addition, the company’s asset portfolio includes a 100% operated interest in the producing Stag oilfield, offshore Australia and exploration and pre-development assets in Vietnam and other parts of Southeast Asia.  The company is also in negotiations to confirm an interest in the Ogan Komering PSC, onshore South Sumatra, Indonesia.

The company plans to build its asset portfolio through the acquisition of producing assets where there are significant opportunities for operating efficiencies, costs reduction and increased production through further investment.

The company is also identifying appraised, non-producing assets, with proven resources that can be developed and quickly brought to production cost-effectively with strong growth potential.

Jadestone Energy is headquartered in Singapore, has its principal technical team in Kuala Lumpur and country operational offices in Perth, Jakarta, and Ho Chi Minh City.