MARKETS

Jadestone now owns 100% of Lemang PSC

ASIA PACIFIC-focussed Jadestone Energy has acquired a final 10% interest in the Lemang PSC boosting its interest to 100% in the Indonesian project.

File photo: Jadestone offshore assets

File photo: Jadestone offshore assets

The 10% is acquired through a Settlement and Transfer Agreement between Jadestone and PT Hexindo Gemilang Jaya.  Jadestone is to waive sums payable to it by Hexindo in exchange for the interest, payments...

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