The parties have made substantial progress toward satisfying the Acquisition's closing conditions, including obtaining the majority of third party consents. As a precautionary measure in acknowledgement of the remaining closing condition, being final New Zealand Government regulatory approval, and amidst the
Jadestone intends to establish
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The Company has a 100% operated working interest in the Stag oilfield and the Montara project, both offshore
In addition, the Company has executed a sale and purchase agreement to acquire an operated 69% interest in the
Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in
Cautionary statements
Certain statements in this press release are forward-looking statements and information (collectively 'forward-looking statements'), within the meaning of the applicable Canadian securities legislation, as well as other applicable international securities laws. The forward-looking statements contained in this press release are forward-looking and not historical facts.
Some of the forward-looking statements may be identified by statements that express, or involve discussions as to expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of phrases such as 'will likely result', 'are expected to', 'will continue', 'is anticipated', 'is targeting', 'estimated', 'intend', 'plan', 'guidance', 'objective', 'projection', 'aim', 'goals', 'target', 'schedules', and 'outlook'). In particular, forward-looking statements in this press release include, but are not limited to, statements regarding the timing to close the Acquisition.
Because actual results or outcomes could differ materially from those expressed in any forward-looking statements, investors should not place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes will not occur. Some of these risks, uncertainties and other factors are similar to those faced by other oil and gas companies and some are unique to Jadestone. The forward-looking information contained in this news release speaks only as of the date hereof. The Company does not assume any obligation to publicly update the information, except as may be required pursuant to applicable laws.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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