Jadestone Energy plc (LSE:JSE) reported highly successful flow testing at the Skua-11ST well in the Montara field offshore Australia, with initial oil output far surpassing expectations. Production peaked above 6,000 barrels per day, well above the previous guidance of 3,500 barrels per day, and has stabilized at around 4,400 barrels per day. This stronger-than-anticipated output is expected to boost overall Montara field production, lower unit operating costs, and extend the field’s operational life by roughly one year, reinforcing Jadestone’s efficiency and market position.
About Jadestone Energy plc
Jadestone Energy plc is an independent upstream oil and gas company headquartered in Singapore, with a focus on the Asia-Pacific region. Its portfolio spans production and development assets in Australia, Malaysia, Indonesia, and Vietnam. The company pursues growth through both organic development and strategic acquisitions while committing to responsible operations and aiming for Net Zero emissions from operated assets by 2040.
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