Appointment of Joanne
Williams as an Independent Non-Executive Director of Jadestone
Energy plc
25 January 2024 - Singapore: Jadestone Energy plc
("Jadestone" or the "Company"), an independent upstream company
focused on the Asia-Pacific region, announces the appointment of
Joanne Williams as an Independent Non-Executive Director of the
Company with immediate effect. On appointment, Ms Williams will
join the Health, Safety, Environment and Climate ("HSEC") Committee
as Chair. Ms Williams also joins Jadestone's Audit Committee and
will stand for election at the Company's 2024 Annual General
Meeting.
Joanne Williams is a reservoir
engineer with more than 25 years' experience in technical and
executive roles with Woodside Petroleum, Newfield Exploration, Gulf
Canada, Clyde Petroleum, Nido Petroleum and Blue Star
Helium.
Currently, Joanne is a Non-Executive
Director of Buru Energy Limited, an Australian onshore explorer for
oil, gas and natural hydrogen; a Non-Executive Director of 88
Energy Limited, an oil company with oil exploration and production
assets in Alaska, Texas and Namibia, and a Non-Executive Director
of Pinnacle Exploration Pte Ltd, which focusses on shallow water
Gulf of Mexico oil opportunities.
Previously, Joanne was Managing
Director and Chief Executive Officer of Blue Star Helium Limited,
an explorer for helium in the USA and a Director at Sacgasco
Limited with oil and gas exploration and production assets in
California, Canada and the Philippines.
Dennis McShane, Chair of Jadestone,
commented:
"On behalf of Jadestone, I welcome Joanne to
the Board. Her strong technical background and significant upstream
experience will enhance our governance of Jadestone's assets and
operations.
Joanne will assume the Chair of the HSEC Committee from Bob
Lambert, who will be stepping down after an appropriate transition
period. I'd like to thank Bob for his many years of dedicated
service and valuable advice to Jadestone's
Board.
The search for a new Chair of the Audit Committee is well
advanced and we expect to update on this
shortly."
Regulatory disclosures
The following information is
disclosed under Rule 17 and Schedule Two, paragraph (g), of the AIM
Rules for Companies:
Joanne Louise Williams (aged 49, formerly Joanne Louise
Kendrick)
Joanne Williams does not directly
hold any ordinary shares nor options over ordinary shares in the
Company.
There is no further information
which is required to be disclosed under Schedule Two, paragraph
(g),
of the AIM Rules for Companies in
respect of Joanne Williams.
-ends-
For further information, please
contact:
Jadestone Energy plc
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Paul Blakeley, President and
CEO
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+65 6324 0359 (Singapore)
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Bert-Jaap Dijkstra, CFO
Phil Corbett, Investor Relations
Manager
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+44 (0) 7713 687467 (UK)
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ir@jadestone-energy.com
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Stifel Nicolaus Europe Limited (Nomad, Joint
Broker)
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+44 (0) 20 7710 7600 (UK)
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Callum Stewart
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Jason Grossman
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Ashton Clanfield
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Peel
Hunt LLP (Joint Broker)
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+44 (0) 20 7418 8900 (UK)
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Richard Crichton
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David McKeown
Georgia Langoulant
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Camarco (Public Relations Advisor)
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+44 (0) 203 757 4980 (UK)
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Billy Clegg
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jse@camarco.co.uk
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Andrew Turner
Elfie Kent
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About Jadestone Energy
Jadestone Energy plc is an
independent oil and gas company focused on the Asia-Pacific
region. It has a balanced and increasingly diversified
portfolio of production and development assets in Australia,
Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions
with a positive upstream investment climate.
Led by an experienced management
team with a track record of delivery, who were core to the
successful growth of Talisman Energy's business in Asia-Pacific,
the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments
such at Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well
as through acquisitions that fit within Jadestone's financial
framework and play to the Company's strengths in managing maturing
oil assets. Jadestone delivers value in its acquisition strategy by
enhancing returns through operating efficiencies, cost reductions
and increased production through further investment.
Jadestone is a responsible operator
and well positioned for the energy transition through its
increasing gas production, by maximising recovery from existing
brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy
is aligned with the IEA Net Zero by 2050 scenario, which stresses
the necessity of continued investment in existing upstream assets
to avoid an energy crisis and meet demand for oil and gas through
the energy transition.
Jadestone Energy plc (LEI:
21380076GWJ8XDYKVQ37) is listed on the AIM market of the London
Stock Exchange (AIM: JSE). The Company is headquartered in
Singapore. For further information on the Company please
visit www.jadestone-energy.com.
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 which is part of UK law by
virtue of the European Union (Withdrawal) Act
2018.