Jadestone Energy Inc. Announces Appointment of Corporate Broker

SINGAPORE / ACCESSWIRE / April 8, 2021 / Jadestone Energy Inc. (AIM:JSE) (the "Company"), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce the appointment of Jefferies International Limited ("Jefferies") as a corporate broker to the Company, with immediate effect. Jefferies will act alongside the Company's nominated adviser and joint broker, Stifel Nicolaus Europe Limited.

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About Jadestone Energy

Jadestone Energy Inc. is an independent oil and gas company focussed 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 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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SOURCE: Jadestone Energy Inc.