Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce the appointment of Lisa A. Stewart as a Non-Executive Director of the board, effective December 1, 2019 and the departure of Eric Schwitzer, effective November 30, 2019.

Appointment of Lisa Stewart 

Ms. Stewart brings over 30 years of experience in the upstream oil and gas industry in engineering and senior management positions.

Ms. Stewart currently serves as Executive Chairman, President and Chief Executive Officer of Sheridan Production Company LLC, which she founded in 2006. Lisa has served as Executive Vice President of El Paso Corporation and President of El Paso E&P.  In these positions, she had overall responsibility for a large and diverse E&P company that generated operating revenue of US$1.8 billion and earnings of US$699 million. Prior to her time at El Paso, Ms. Stewart spent 20 years at Apache, including extensive experience in Asia Pacific, leaving in January 2004 as Executive Vice President with responsibility for reservoir engineering, business development, land, environmental, health & safety, and corporate purchasing.

Ms. Stewart holds a B.S. in Petroleum Engineering from the University of Tulsa, where she is a member of the College of Engineering and Natural Sciences Hall of Fame. She is a member of the Society of Petroleum Engineers and Independent Petroleum Association of America and currently serves on the Board of Directors of Cimarex Energy Co, as well as being a former non-executive director of Talisman Energy Inc.

Dennis McShane, Non-Executive Chairman commented:
“We’re delighted to welcome Lisa to the board.  I believe we will benefit enormously from her extensive international experience as well as the deep technical skills she will bring to us.  As we continue to execute the Jadestone strategy, we have recognised the need to strengthen the technical capability of the board to align with the many opportunities ahead. Lisa’s appointment also evidences Jadestone’s ongoing commitment to best-in-class corporate governance practices.”

Departure of Eric Schwitzer

After more than four and a half years of service, Eric Schwitzer has stepped down as a Non-Executive Director of the board, effective November 30, 2019.

Dennis McShane, Non-Executive Chairman commented:
“We would like to thank Eric for his invaluable leadership during our last three years of rapid growth and transformation.  Eric was instrumental in guiding Jadestone through its major strategic shift from the former Mitra Energy exploration led strategy to a leading independent oil and gas production and development company in Asia Pacific.” 

Eric first joined the Mitra Energy Board as an Executive Director in April 2015, and served more than three years as a Jadestone Non-Executive Director following the change of senior management and Board members in June 2016.

After Eric’s departure and Lisa’s appointment, Jadestone will continue to have eight Directors, including six non-executive directors with significant public and private company leadership, technical, operating and financial experience.

Eric Schwitzer commented:
“I am incredibly proud of the progress Jadestone has made in the past three years and excited to watch its future success.  I am leaving the Board to focus on other projects and I wish the company all the best as it continues to execute its strategy.”

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