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Jadestone Energy Inc Announces Acquisition - SapuraOMV Peninsular Malaysia Assets
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Jadestone Energy Inc (AIM:JSE) | RNS | Jadestone Energy Inc - Acquisition - SapuraOMV Peninsular Malaysia Assets
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Malaysia: Jadestone Energy acquires SapuraOMV s Peninsular Malaysia assets
30 Apr 2021
Jadestone Energy, an independent oil and gas production company focused on the Asia Pacific region, has executed a sale and purchase agreement with SapuraOMV to acquire SapuraOMV s interest in Peninsular Malaysia for a total initial headline cash consideration of US$9 million, to be funded from the Company s cash resources, and certain subsequent contingent payments.
Highlights
Establishes a new operating presence for Jadestone in Malaysia;
Adds immediate cash flow from around 6,000 barrels oil equivalent per day of low operating cost production, on a net working interest basis, of which over 90% is oil;