RBL Update and Notice of Results
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10 April 2024 - Singapore: Jadestone Energy plc (the "Company"), an independent upstream company focused on the Asia-Pacific region, provides the following updates.
Status of Reserves-Based Loan ("RBL") March 2024 Redetermination
The March 2024 redetermination process, which will set the borrowing base for the six-month period commencing 1 April 2024, is at an advanced stage. Primarily due to the proposed changes to the RBL facility borrowing base assets, namely the de-designation of Stag as a borrowing base asset and the inclusion of the recently acquired 16.67% interest in the CWLH fields, the RBL facility banks require additional time to complete the redetermination. The Company expects to announce the results of this redetermination shortly.
Notice of Full-Year 2023 Results
Jadestone will issue its full-year 2023 consolidated audited financial results on Monday 29 April 2024.
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