Jadestone Energy

Website: www.jadestone-energy.com
Primary ticker: TSXV:JSE; AIM:JSE
Stage of development: Production
Project types:Oil – conventional onshore, Oil – conventional offshore, Gas – conventional onshore, Gas – conventional offshore
Project to promote: /

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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, Vietnam and the Philippines.

Management Profile

Paul Blakeley, President and CEO

Paul Blakeley, President and CEO has 41 years’ energy experience, most recently (since 1994) at Talisman Energy Inc. As Executive Vice President Asia Pacific & Middle East, he led the building of Talisman Energy Inc. in Asia Pacific into a multibillion NAV powerhouse, and will bring that experience to his role at Jadestone Energy. He has a track record of acquiring production and further enhancing value through follow-on development activity.

What is your rationale for attending 121 Oil & Gas Investment?

Interested to meet equity investors.

What recent news would you like to highlight to investors attending?

Jadestone recently completed the transfer of operatorship of the Montara project, offshore Australia. The Company’s guidance for 2019 indicates substantial growth over 2018 and material value creation for shareholders, including a fully-funded programme of material near-term catalysts.

What are your key goals for the next 3,6 and 12 months?

3 Months:

Continued safe production of oil from its two operated assets, Stag and Montara, both offshore Australia.

6 Months:

Progress government approvals toward sanction of the Nam Du and U Minh field development project, offshore Vietnam.

12 Months:

Begin an infill drilling campaign at Montara and provide guidance to indicate continued growth and value creation for shareholders through 2020.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Commodity prices are a challenge for the industry overall. As mitigation, we have hedged a significant portion of our oil production, locking in prices above $72/bbl for the year, and have built an efficient organisation that generates robust returns even below US$50/bbl.

What do you think makes your company such a compelling investment?

We are building a balanced, low risk, full cycle portfolio, which includes ample re-investment opportunities, focused on generating superior value for shareholders.