Jadestone Wins APAC New Entrant of the Year Award
26 Januar 2018 - 5:46PM
ADVFN NewsWire
Jadestone Energy Wins
Prestigious Oil & Gas Council Award:
APAC New
Entrant of the Year
Singapore -- January 26, 2018 -- ADVFN
NewsWire: Jadestone Energy Inc. (TSXV: JSE) (the "Company" or
"Jadestone") announces that it has won the prestigious APAC New
Entrant of the Yearaward. The results were announced on
January 24, 2018 at the Asia Pacific Energy Assembly & Awards
Dinner, by the Energy Council.
"I am delighted to accept this award on behalf
of the entire dedicated and talented Jadestone Energy team," said
Paul Blakeley, Jadestone's Chief Executive Officer. "Our strategy
is working, and I'm honoured that prestigious organisations such as
the Energy Council, and our peers that vote in these awards, are
recognising our early success."
After announcing its strategy, the Company
acquired the producing Stag oilfield in Australia, the producing
Ogan Komering PSC in Indonesia, and a stake in the Block
05-1b&c PSC in Southeast Vietnam (the latter acquisition,
subject to Petrovietnam's statutory pre-emption right). Over the
same period, Jadestone has exited long-dated and high-risk
exploration licenses, substantially reduced costs, and made
significant strides toward commercialising additional development
opportunities in its portfolio. In the most recently reported
quarter, Jadestone reported its first ever gross profit and free
cash-flow generated from operations.
The Energy Council combines
renowned industry insight, experience and market knowledge of the
global energy industry. The organisation engages thousands of
industry experts across a multi-medium marketing and business
development platform, to unearth new business and investment
opportunities in the gas-to-power, energy infrastructure, FSRU,
LPG, LNG and geothermal sectors. The 2018 Asia Pacific Energy
Assembly & Awards Dinner is a business development, strategy
and investment focused meeting bringing the industry to Singapore
for thought leadership, business development, and
networking.
-ends-
For further information, please contact:
Media and General
Enquiries
Email: contact@jadestone-energy.com
Phone: +65 6342 0359
Investor
Enquiries
Email: IR@contact@jadestone-energy.com
Phone: +1 (403) 975-6752
About Jadestone Energy
Inc.
Jadestone Energy Inc. is a
TSX-V listed oil and gas company headquartered in Singapore. The
Company is currently engaged in production, development and
exploration and appraisal activities in Australia, Indonesia,
Vietnam and the Philippines. Following a recent strategic review,
the Company is focusing on acquiring assets with production in the
near term, and where significant follow-on reinvestment
opportunities exist to enhance value, as well as undeveloped
discoveries which may be rapidly brought to production.
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