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An announcement from Jadestone Energy Inc ( (GB:JSE) ) is now available.
Jadestone Energy plc announced successful flow testing of the Skua-11ST well at the Montara field offshore Australia, with initial oil production rates significantly exceeding expectations. The well’s production rates reached over 6,000 bbls/d, surpassing the previous guidance of 3,500 bbls/d, and stabilized at 4,400 bbls/d. This increased production is expected to contribute to higher overall production from Montara, reduce unit operating costs, and extend the field’s life by approximately one year, enhancing Jadestone’s operational efficiency and market positioning.
The most recent analyst rating on (GB:JSE) stock is a Buy with a £0.70 price target. To see the full list of analyst forecasts on Jadestone Energy Inc stock, see the GB:JSE Stock Forecast page.
More about Jadestone Energy Inc
Jadestone Energy plc is an independent upstream company headquartered in Singapore, focusing on the Asia-Pacific region. It holds a diversified portfolio of production and development assets across Australia, Malaysia, Indonesia, and Vietnam. The company aims to grow and diversify its production base through organic developments and strategic acquisitions. Jadestone is committed to responsible operations and energy transition, targeting Net Zero emissions from its operated assets by 2040.
Average Trading Volume: 1,426,530
Technical Sentiment Signal: Sell
Current Market Cap: £106.9M
For an in-depth examination of JSE stock, go to TipRanks’ Overview page.