Asset Sale And Financial ImpactThe divestment of its 9.52% interest in Sinphuhorm for $39.4 million in cash is considered a smart move to streamline the business and strengthen the balance sheet.
Operations UpdateJadestone has announced a positive update on operations, with strong year-to-date production and targeted cost reductions driving a substantial reduction in net debt.
Project DevelopmentsThe Skua-11ST and Akatara debottlenecking projects are expected to enhance cash flows in the near term.