Jadestone Energy Inc (GB:JSE) has released an update.
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Jadestone Energy PLC has announced a 42% year-on-year increase in production for the first half of 2024, with an average daily production of approximately 17,500 barrels of oil equivalent. Despite a net loss of US$31.1 million, influenced by a non-cash charge from a recent acquisition, the company has reported significant improvements in adjusted EBITDAX and operating cash flows. The completion and commissioning of the Akatara development project marks a promising step for the company, promising diversified cash flow with more low-cost, high-value production.
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