Jadestone defies the odds and posts a quarterly profit

AUSTRALASIAN oil and gas producer Jadestone Energy has posted a profit, despite the oil price crash and economic woes felt by other regional explorers and producers.

Jadestone defies the odds and posts a quarterly profit Jadestone defies the odds and posts a quarterly profit Jadestone defies the odds and posts a quarterly profit Jadestone defies the odds and posts a quarterly profit Jadestone defies the odds and posts a quarterly profit

Jadestone, which operates the Montara and Stag oilfields offshore Western Australia, reported a pre-tax profit of US$13.1 million for the first quarter ending March 31.