KEYFACT Energy
Jadestone Energy today announced that the Company has completed its acquisition of the Peninsular Malaysia assets of SapuraOMV Upstream Sdn Bhd. Inclusive of agreed adjustments, the Company’s net consideration comprised a net cash receipt of approximately US$9.2 million.
The Assets add immediate cash flow from around 6,000 barrels of oil equivalent per day of low operating cost production, on a net working interest basis, of which over 90% is oil. Adding the Assets to the Jadestone portfolio will increase the Group’s 2P reserves by 34%, adding 12.5 million barrels oil equivalent of net working interest 2P reserves, based on Jadestone’s best estimate 2P reserves production profile.
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