3rd Nov 2026 20:18
Jadestone Energy PLC - Asia-Pacific-focused oil and gas producer - Says group production has risen to about 19,000 barrels of oil equivalent per day following the resumption of Cossack, Wanaea, Lambert, and Hermes oil fields in September. Despite current levels of production, Jadestone retains its 2026 guidance at 16,000 to 18,000 barrels per day, with the Stag oil field remaining offline. CWLH is currently producing around 8,000 bopd gross, with one well still offline. Jadestone is targeting a final investment decision on Nam Du and U Minh gas projects in Vietnam before end of 2026. Jadestone says production will likely resume at Stag in the second quarter of 2027.
Current stock price: 38.00 pence, closed down 2.8% on Tuesday
12-month change: up 55%
By Niall Holden, Alliance News reporter
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