- Akatara gas processing facility nearing completion
- 16 per cent reduction in realised prices
When we covered Jadestone Energy’s (JSE) full-year figures for 2022, we ventured that “adding significant debt would be a risk given the industry’s history of running into trouble once prices dip”. Since that April 2023 release, we have outlined the Asia-Pacific-focused driller’s investment case, which was predicated to a large extent on new production from Indonesia and Malaysia coming on stream. A cursory glance at the preliminary statement for 2023 suggests that the former statement probably carries more weight, but as ever with energy companies, it’s a question of timing.