Jadestone Energy Inc. Update on Internal Reorganisation (4652T)
March 25 2021 - 2:00AM
UK Regulatory
TIDMJSE
RNS Number : 4652T
Jadestone Energy Inc.
25 March 2021
Jadestone Energy
Update on Internal Reorganisation
25 March 2021-Singapore: Jadestone Energy Inc. (AIM:JSE) (the
"Company" or "Jadestone"), an independent oil and gas production
company focused on the Asia Pacific region, is pleased to provide
an update on the Company's proposed internal reorganisation (the
"Reorganisation") to effect a re-domicile to the United Kingdom,
with the effect that a newly incorporated English company Jadestone
Energy Plc will become the ultimate holding company of the
Jadestone group of companies (the "Jadestone Group").
The Reorganisation will not result in a change in control in the
ultimate holding company of the Jadestone Group and, accordingly,
will not result in a change in control in the ultimate shareholding
in any of the companies or assets of the Jadestone Group. Further,
the Reorganisation will not result in a change in the management of
any of the Jadestone Group's companies or assets.
The Company notes the publication by the London Stock Exchange
of the AIM Schedule One announcement in connection with the
Reorganisation. This document, along with an appendix, have been
uploaded to the Company's website, www.jadestone-energy.com .
Certain immaterial amendments have been made to the Schedule One
announcement released by the London Stock Exchange from the draft
Schedule One announcement which was posted to shareholders
following consultation with the Company's Nominated Adviser. For
the avoidance of doubt, shareholders should refer to the version
released by the London Stock Exchange and uploaded to the Company's
website.
____________________________
For further information, please contact:
Jadestone Energy Inc. +65 6324 0359 (Singapore)
Paul Blakeley, President and CEO +44 7392 940 495 (UK)
Dan Young, CFO ir@jadestone-energy.com
Robin Martin, Investor Relations Manager
Stifel Nicolaus Europe Limited (Nomad, +44 (0) 20 7710 7600 (UK)
Joint Broker)
Callum Stewart
Jason Grossman
Simon Mensley
Ashton Clanfield
BMO Capital Markets Limited (Joint Broker) +44 (0) 20 7236 1010 (UK)
Thomas Rider
Camarco (Public Relations Advisor) +44 (0) 203 757 4980 (UK)
Billy Clegg jse@camarco.co.uk
James Crothers
About Jadestone Energy
Jadestone Energy Inc. is an independent oil and gas company
focused on the Asia Pacific region. It has a balanced, low risk,
full cycle portfolio of development, production and exploration
assets in Australia, Indonesia and Vietnam.
The Company has a 100% operated working interest in the Stag
oilfield and in the Montara project, both offshore Australia. Both
the Stag and Montara assets include oil producing fields, with
further development and exploration potential. The Company also has
a 100% operated working interest in two gas development blocks in
Southwest Vietnam, and an operated 90% interest in the Lemang PSC,
onshore Sumatra, Indonesia, which includes the Akatara gas
field.
In addition, the Company has executed a sale and purchase
agreement to acquire an operated 69% interest in the Maari Project,
shallow water offshore New Zealand, and anticipates completing the
transaction in H1 2021, upon receipt of customary approvals.
Led by an experienced management team with a track record of
delivery, who were core to the successful growth of Talisman's
business in Asia, the Company is pursuing an acquisition strategy
focused on growth and creating value through identifying,
acquiring, developing and operating assets in the Asia Pacific
region.
Jadestone Energy Inc. is listed on the AIM market of the London
Stock Exchange. The Company is headquartered in Singapore. For
further information on Jadestone please visit
www.jadestone-energy.com .
This announcement does not contain inside information.
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