Jadestone Energy Inc (GB:JSE) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into GB:JSE stock, check out TipRanks’ Stock Analysis page.