Valeura Energy Inc. Announces Revised Outside Date for Shallow Gas Business Sale
Company or
Valeura ), an upstream oil and gas company with assets in the Thrace Basin of Turkey, has agreed with TBNG Limited (the
Buyer ) to amend the long stop date (the
Outside Date ) for the completion of the previously announced sale of its shallow conventional gas business (the
Sale Transaction ).
The parties have made progress on satisfying the closing conditions for the Sale Transaction having obtained one of two key government consents, with only one approval remaining outstanding. Valeura and the Buyer have agreed to revise the Outside Date from April 19, 2021 to July 30, 2021 to continue the approval process. Both parties remain committed to the transaction.
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Photo: RNZ / Claire Eastham-Farrelly
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About Jadestone Energy
Jadestone Energy Inc. is an independent oil and gas company focussed on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Indonesia and Vietnam.
The Company has a 100% operated working interest in the Stag oilfield and 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 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field.
About Jadestone Energy Jadestone Energy Inc. is an independent oil and gas company focussed on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Indonesia and Vietnam. The Company has a 100% operated working interest in the Stag oilfield and 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 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field.