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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Jadestone Energy Inc    JSE   CA46989Q1000

JADESTONE ENERGY INC

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Jadestone Energy Restarts Production at Montara Oil Field

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01/11/2019 | 03:39am EDT

By Oliver Griffin

Jadestone Energy said Friday it has started production at the Montara oil field in the Timor Sea, following the completion of a maintenance-and-inspection shutdown.

The oil-and-gas company said production will be ramped up while final checks are carried out.

Jadestone Energy said it doesn't expect any major planned shutdowns until at least the second half of 2020.

PTTEP Australasia (Ashmore Cartier) Pty Ltd., a subsidiary of PTT Exploration & Production PCL (PTTEP.TH), which sold the Montara assets to Jadestone, has agreed to pay $22 million in relation to the shutdown.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

Stocks mentioned in the article
ChangeLast1st jan.
JADESTONE ENERGY INC 4.76% 0.88 Delayed Quote.62.96%
PTT EXPLORATION AND PRODUCTION PCL End-of-day quote.
WTI 0.44% 63.98 Delayed Quote.40.33%
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Financials ($)
Sales 2019 355 M
EBIT 2019 170 M
Net income 2019 -
Finance 2019 20,4 M
Yield 2019 0,84%
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 0,80x
EV / Sales 2020 0,55x
Capitalization 304 M
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 1,06 $
Spread / Average Target 62%
Managers
NameTitle
A. Paul Blakeley President, Chief Executive Officer & Director
Dennis Joseph McShane Non-Executive Chairman
Mark Craig Operations Manager
Daniel Young Chief Financial Officer
Robert Alexander Lambert Deputy Chairman & Director
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