Business
NOPTA Approval of CWLH Asset Title Transfer
NOPTA Approval of CWLH Asset Title Transfer.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n\n\n\nNOPTA Approval of CWLH Asset Title Transfer\n \n17 May 2023 - Singapore: Jadestone Energy plc (\"Jadestone\" or the \"Company\"), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce that it has received approval from Australia's National Offshore Petroleum Titles Administrator (\"NOPTA\") for the title transfer relating to the acquisition of the interest in the CWLH fields offshore Australia (originally announced in July 2022).\n \nAs stated in the Company's 2022 preliminary unaudited full-year results announcement on 25 April 2023, the NOPTA approval referenced above is a key condition to drawing the reserves-based loan (\"RBL\") which is currently being arranged with several banks. The Company continues to progress the RBL workstreams and a further announcement will be made when appropriate.\n \nFor further information, please contact:\n \n\n\n\nJadestone Energy plc\n\n\n\n\n\n\n\nPaul Blakeley, President and CEO\n\n\n+65 6324 0359 (Singapore)\n\n\n\n\nBert-Jaap Dijkstra, CFO\nPhil Corbett, Investor Relations Manager\n\n\n \n+44 7713 687467 (UK)\n\n\n\n\n\n\n\[email protected]\n\n\n\n\n \n\n\n\n\n\n\n\nStifel Nicolaus Europe Limited (Nomad, Joint Broker)\n\n\n+44 (0) 20 7710 7600 (UK)\n\n\n\n\nCallum Stewart\n\n\n\n\n\n\n\nJason Grossman\n\n\n\n\n\n\n\nAshton Clanfield\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nJefferies International Limited (Joint Broker)\n\n\n+44 (0) 20 7029 8000 (UK)\n\n\n\n\nTony White\n\n\n\n\n\n\n\nWill Soutar\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nCamarco (Public Relations Advisor)\n\n\n+44 (0) 203 757 4980 (UK)\n\n\n\n\nBilly Clegg\n\n\[email protected]\n\n\n\n\nGeorgia Edmonds\nElfie Kent\n\n\n\n\n\n\n \nAbout Jadestone Energy\nJadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Malaysia, Indonesia, Thailand and Vietnam.\n \nThe Company has a 100% operated working interest in the Stag oilfield and in 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 16.67% non-operated interest in the North West Shelf Oil Proj...