Friday 25 November 2022

Singapore-based oil and gas production company Jadestone Energy plc (LSE: JSE) has closed the acquisition of the remaining 10% interest in the Lemang production sharing contract onshore Indonesia, the company said.

As a result, Jadestone's interest (pre local government back-in rights) in the Lemang PSC has increased to 100%. The 10% interest has been acquired through the execution of a Settlement and Transfer Agreement between Jadestone and PT Hexindo Gemilang Jaya.