Jadestone Energy Plc · LSE:JSE
Jadestone Energy — Corporate Update (July 2024)
7 slides from Jadestone Energy's corporate update, Jul 26, 2024
Slide 1: SFA Cluster and PM428 overview
SFA Cluster and PM428 overview 26 July 2024
Slide 2: Disclaimer and advisories
Disclaimer and advisories You must read the following before continuing. The following applies to this document and any part of it, the oral presentation of The content of the Presentation has not been approved by an authorised person within the meaning of the Financial Services and the information
Slide 3: SFA Cluster award - adding significant near-term growth potential
SFA Cluster award - adding significant near-term growth potential ⚫ Jadestone has been awarded a 100% interest in the Small Field Asset Production Sharing Contract (“SFA Cluster”) ➢ Includes the Penara, Puteri-Padang and North Lukut fields, assets in which Jadestone previously held a 50% non-operate
Slide 4: SFA Cluster location
SFA Cluster location ⚫ Covers an area of 348km2 in shallow water offshore Peninsular Malaysia ⚫ PSC effective from 1 July 2024 and has a 14-year term ➢ Production period lasts 10 years from the date of first commercial production or until 30 June 2038 (if earlier) ➢ Jadestone has secured a US$0.5 mi
Slide 5: Intention to submit FDAP by end of 2024
Intention to submit FDAP by end of 2024 Pre-development phase Development phase ⚫ Up to 2 years from the effective date ⚫ Up to two years from development decision ⚫ Pre-development activities, including: Develop ⚫ Submission of Field Development and ➢ Resource assessment; or drop Abandonment Plan (
Slide 6: PM428 PSC nearfield appraisal and development strategy
PM428 PSC nearfield appraisal and development strategy East Piatu 25km ⚫ PM428 PSC effective 21 April 2024 ⚫ Near-infrastructure led growth opportunity Horst Block prospect(s) PM329 ⚫ Tie back to SFA Cluster (oil) Diwangsa & Korbu ⚫ Minimal financial commitment (reprocess prospect(s) existing seismi
Slide 7: SFA terms incentivise development of marginal assets
SFA terms incentivise development of marginal assets Revenue split ⚫ Small Field Asset PSC (“SFA PSC”) terms Royalty 10% ➢ Simple and straightforward fiscal model ➢ No sliding scale cost recovery or profit share, Government 10% contractor entitled to a fixed percentage of revenue to cover all costs,