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Jadestone Energy Inc. Announces Exercise of Share Options and Admission of Shares
Exercise of Share Options and Admission of New Common Shares
SINGAPORE, SINGAPORE / ACCESSWIRE / February 5, 2021 / Jadestone Energy Inc. (AIM:JSE) ("Jadestone", or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, announces that it has issued 958,333 new common shares of no par value in the Company (the "New Common Shares") pursuant to the exercise of options by existing and former employees under its Stock Option Plan between January 22, 2019 and January 14, 2021.
Application has been made for the 958,333 New Common Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on February 10, 2021.
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Jadestone Energy Inc. Announces Trading and Business Update
February 1, 2021 GMT
SINGAPORE, SINGAPORE / ACCESSWIRE / February 1, 2021 / Jadestone Energy Inc. (AIM:JSE) (“Jadestone”, or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to provide a trading and business update for the year ended December 31, 2020.
Paul Blakeley, President and CEO commented:
“Early in 2020, we responded to the combined impact of a drop in benchmark oil prices and the challenges posed by the COVID-19 pandemic. Our primary focus was to preserve our balance sheet in the face of enormous uncertainty, with an oil price that fell below US$20/bbl, and not to be driven by short term targets. We were quick in rescheduling capital investments with an eye on protecting project returns by deferring spending into a stronger price environment, and we were aggressive in challenging our cost base to ensure maximum efficiency across the portfolio.
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