Successful RBL Redetermination
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26 April 2024 - Singapore: Jadestone Energy plc ("Jadestone", or the "Company"), an independent upstream company focused on the Asia-Pacific region, is pleased to announce that the scheduled redetermination of its reserve-based lending facility (the "RBL Facility") has successfully concluded, setting a borrowing base at the maximum facility size of US$200 million for the six-month period ending 30 September 2024.
The resulting borrowing base excludes Stag and includes CWLH 2, and is subject to various conditions subsequent, including regulatory approvals and registrations relating to the CWLH 2 acquisition completed earlier in 2024.
Further details will be provided with the release of the Group's full-year 2023 consolidated audited financial results on Monday 29 April 2024.
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