Jadestone Energy Inc (GB:JSE) has released an update.
Jadestone Energy Inc reports a record H1 2024 production, achieving a 37% increase compared to H1 2023, with group production averaging 16,867 boe/d and revenues totaling US$185.1 million. The company completed the strategic acquisition of CWLH 2, enhancing their interest in a high-performing asset and expects further financial improvements following the imminent commencement of exports from the newly completed Akatara project. Despite increased production, H1 2024 production costs remained flat, and the company looks forward to stronger performance in the second half of the year, aided by the Akatara development and the recent SFA Cluster PSC award in Malaysia.
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