Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Jadestone Energy Inc ( (GB:JSE) ).
Jadestone Energy has announced the completion of drilling at the Skua-11ST well in the Montara field offshore Australia, revealing over 900 meters of high-quality reservoir, which is expected to significantly increase initial production rates. Despite the project’s extended timeline and increased costs due to weather and operational challenges, the well is anticipated to enhance production volumes, reduce unit operating costs, and extend the field’s life, aligning with Jadestone’s cost management and operational excellence strategies.
The most recent analyst rating on (GB:JSE) stock is a Hold with a £20.00 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 focused on the Asia-Pacific region, with a diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, and Vietnam. The company aims to grow its production base through organic developments and strategic acquisitions, emphasizing operational efficiencies, cost reductions, and increased production. Jadestone is committed to the energy transition, with a pledge to achieve Net Zero Scope 1 & 2 GHG emissions by 2040.
Average Trading Volume: 957,785
Technical Sentiment Signal: Sell
Current Market Cap: £110.1M
Find detailed analytics on JSE stock on TipRanks’ Stock Analysis page.