Business
Successful Flow Testing of the Skua-11ST Well
Jadestone Energy plc announced successful flow testing of the Skua-11ST well at the Montara field, offshore Australia. Initial oil production rates exceeded 6,000 bbls/d, significantly higher than the previous guidance of 3,500 bbls/d, before stabilizing at 4,400 bbls/d with a 40% open choke. This increased production is expected to contribute to higher overall production from Montara, reduce unit operating costs, and extend the field's life by approximately one year. Disclaimer*
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n\n \n\n\nSuccessful Flow Testing of the Skua-11ST Well\n \nInitial oil production rates significantly ahead of previous guidance\n \n20 August 2025 - Singapore: Jadestone Energy plc (AIM:JSE) (the \"Company\" and together with its subsidiaries, \"Jadestone\" or the \"Group\") announces an update on the testing of the Skua-11ST development well at the Montara field offshore Australia.\n \nConsistent with previous disclosures, production from the Skua-11ST well commenced in early August 2025. Initial oil production rates from the well exceeded 6,000 bbls/d, significantly ahead of previous guidance of 3,500 bbls/d, with oil production rates subsequently stabilizing at 4,400 bbls/d on a 40% open choke prior to restart of the Montara field's other subsea wells. \n \nSkua-11ST was completed with downhole inflow control devices, which are designed to maximize reservoir sweep and recovery from the well. Skua-11ST, along with the other Montara wells, will be managed in the longer-term to maximise overall recovery from the Montara field.\n \nT. Mitch Little, Chief Executive Officer of Jadestone, commented:\n \n\"We are pleased to report the strong initial flows from the Skua-11ST well, which will meaningfully contribute to higher production from Montara, underpinning our revised 2025 production guidance which was upgraded in July. The increase in production will also reduce Montara unit operating costs and extend field life by approximately one year.\"\n \n-ends-\n \nFor further information, please contact:\n \n \n\n\n\n\nJadestone Energy plc\n\n\n\n\n\n\n\nPhil Corbett, Head of Investor Relations\n\n\n+44 (0) 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\nBerenberg (Joint Broker)\n\n\n+44 (0) 20 3757 4980 (UK)\n\n\n\n\nCiaran Walsh\n\n\n\n\n\n\n\nDan Gee-Summons\n\n\n\n\n\n\n\nYasmina Benchekroun\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\n\n\n\n\n\n\n\nPoppy Hawkins\n\n\n\n\n\n\n\n &n...