Jadestone Energy Inc ( (GB:JSE) ) has issued an update.
Jadestone Energy has enhanced its liquidity and operational resilience by selling its Thailand assets for $39.4 million, achieving a 44% return on investment. The sale, along with a new $30 million working capital facility, strengthens Jadestone’s balance sheet, providing approximately $160 million in liquidity. The company is focusing on operational efficiencies and extending asset life to weather oil price volatility, with recent asset performance meeting or exceeding expectations.
More about Jadestone Energy Inc
Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region, with a diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, and Vietnam. The company aims to grow and diversify its production base through organic developments and strategic acquisitions, emphasizing operating efficiencies, cost reductions, and increased production. Jadestone is committed to the energy transition, aiming for Net Zero Scope 1 & 2 GHG emissions by 2040.
YTD Price Performance: -17.50%
Average Trading Volume: 938,245
Technical Sentiment Signal: Buy
Current Market Cap: £102.8M
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