September 21, 2018 - 2:00 AM EDT
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Jadestone Energy Satisfies all Conditions Required to Complete the Montara Acquisition

Jadestone Energy Satisfies all Conditions Required to Complete the Montara Acquisition

Singapore (FSCwire) - Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) ("Jadestone"), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that all conditions precedent to its proposed acquisition of the Montara oil project ("Montara"), offshore Australia are now satisfied. 


All conditions precedent to the Sale and Purchase Agreement signed on 15 July 2018 ("SPA") are now satisfied, meaning Jadestone as buyer, and PTT Exploration and Production Public Company Limited ("PTTEP") as seller, can proceed to complete the transaction.  In line with the SPA, completion is expected within ten days.


Paul Blakeley, President and CEO commented "We are delighted to achieve satisfaction of all conditions precedent to this transformational deal for Jadestone, and look forward to completing the acquisition as planned."


Upon completion, Jadestone will work jointly with PTTEP under the terms of an Operator and Transitional Services Agreement to begin implementing Jadestone's operating philosophy, focused on production efficiency, cost reduction, and planning for further investment into the asset, including an infill drilling programme starting in 2019. 


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Jadestone Energy Inc.

+65 6342 0359

Paul Blakeley, President and CEO


Dan Young, CFO


Investor Relations Enquiries

+1 403 975 6752


[email protected]



Nomad and Joint Broker


Stifel Nicolaus Europe Limited:

+44 (0) 20 7710 7600

Callum Stewart


Nicholas Rhodes


Ashton Clanfield




Joint Broker

+44 (0) 20 7236 1010

BMO Capital Markets Limited:


Thomas Rider


Jeremy Low


Thomas Hughes




Public Relations Advisor



+ 44 (0) 203 757 4980

Georgia Edmonds

[email protected]

Billy Clegg


James Crothers




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Source: Jadestone Energy Inc. (TSX Venture:JSE)

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Source: FSCwire (September 21, 2018 - 2:00 AM EDT)

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