Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
An announcement from Jadestone Energy Inc ( (GB:JSE) ) is now available.
Jadestone Energy has sold its 9.52% interest in the Sinphuhorm gas field in Thailand to PTTEP HK Holding Limited for $39.4 million, with an additional $3.5 million contingent on future license extensions. This divestment aligns with Jadestone’s strategy to focus on its core areas in Australia, Malaysia, Indonesia, and Vietnam, and will help strengthen its balance sheet and support growth in these regions. The sale is expected to slightly reduce the company’s 2025 production guidance but does not affect its operating cost and capital expenditure forecasts.
More about Jadestone Energy Inc
Jadestone Energy plc is an independent upstream production and development company focused on the Asia-Pacific region, with a diversified portfolio of assets in Australia, Malaysia, Indonesia, and Vietnam. The company aims to grow and diversify its production base through organic developments and strategic acquisitions, emphasizing operating efficiencies and increased production. Jadestone is committed to the energy transition, with a focus on increasing gas production and achieving Net Zero on Scope 1 & 2 GHG emissions by 2040.
YTD Price Performance: -17.71%
Average Trading Volume: 928,942
Technical Sentiment Signal: Buy
Current Market Cap: £108.2M
Learn more about JSE stock on TipRanks’ Stock Analysis page.