jadestone


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jadestone

[′jād‚stōn]
(mineralogy)
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2019 is a transformational year for Jadestone and our forecast remains intact for organic cash flow to meet all ongoing re-investment plans, as well as generating distributable earnings for shareholders in the future.'
Some of these risks, uncertainties and other factors are similar to those faced by other oil and gas companies and some are unique to Jadestone. The forward-looking information contained in this news release speaks only as of the date hereof.
Jadestone's production for the half more than trebled to 2.4 million barrels of oil equivalent compared to 695,000 barrels the year before.
Now the Montara deal has been completed, Jadestone said, it is now looking at "further inorganic opportunities".
Jadestone's production more than trebled to 2.4 million barrels of oil equivalent compared to 695,000 barrels the year before.
Jadestone reconfirmed 2019 production guidance at between 13,500 barrels of oil per day to 14,500 barrels.
Jadestone's production for the three months to March was 1.2 million barrels of oil equivalent, over treble the 369,100 barrels a year prior.
The year-on-year comparison is given in oil equivalent as Jadestone's sold its gas interests in May 2018.
"I'm delighted to have safely and successfully completed our first infill well at Stag," Jadestone Chief Executive Paul Blakeley said.
The agreement covers all discovered resources from the Nam Du and U Minh fields, and establishes a mutually agreeable framework for gas sales, priced at the wellhead, and delivered to a tie-in point at a nearby existing pipeline, Jadestone said.