Jadestone Energy

Chief Financial Officer appointment

28 June 2022 - Singapore: Jadestone Energy plc ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce the appointment of Bert-Jaap Dijkstra as Chief Financial Officer ("CFO") and director of the Company, effective 1 September 2022. 

Mr Dijkstra joins Jadestone from SBM Offshore, where he held a number of finance and management roles since 2013. Most recently he served as Group Treasurer and Director of Investor Relations.  In this role he has built significant experience of equity and debt capital markets.  He has been directly responsible for managing all financing activities for SBM Offshore, including structuring c.US$5 billion in recent project financings, managing the group's financial risk (including hedging programmes), optimisation of funding sources and corporate finance.  He was voted best investor relations professional for the energy services sector in the 2019 Extel and in the 2020 and 2021 Institutional Investor surveys.

Prior to his employment at SBM Offshore, Mr Dijkstra held various finance roles in European commercial real estate and also Royal Dutch Shell, where he lived and worked for a period in Southeast Asia as Finance and Planning Manager. Mr Dijkstra holds a MSc degree (with honours) from Wageningen University. He is a Chartered Management Accountant and completed an MBA in Financial Management from MIT Sloan School of Management.

Mr Dijkstra will relocate with his family to Singapore, in line with Jadestone's strategy of ensuring that senior management are positioned close to its assets and finance teams in the Asia-Pacific region.

Paul Blakeley, President and CEO commented:

"We're delighted to welcome Bert-Jaap to the Jadestone team as CFO following a thorough search process.  He brings deep and relevant experience of capital markets and the upstream sector, and his impressive track record of executing significant financing solutions in the oil and gas industry will be invaluable to Jadestone as we seek further accretive growth in the Asia-Pacific region.  Bert-Jaap has already impressed us with his hands-on attitude and his passion for our business.  These are the Jadestone qualities we are looking for and, with his open communication style, he will fit well within the leadership team.   I look forward to having him on board in September 2022."

Regulatory disclosures

The following information is disclosed under Rule 17 and Schedule Two, paragraph (g), of the AIM Rules for Companies:

Bert-Jaap Dijkstra, aged 49, has held the following directorships and/or partnerships in the past five years:

Mr Dijkstra does not 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 Mr Dijkstra.

For further information, please contact:

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region.  It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Malaysia, Indonesia and Vietnam.

The Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential.  The Company also has interests in four oil producing licences offshore Peninsula Malaysia; two operated and two non-operated positions.  Further, the Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 100% interest (assuming completion of the Hexindo stake acquisition, as announced in November 2021) in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field.

In addition, the Company has executed a sale and purchase agreement to acquire a 69% operated working interest in the Maari Project, shallow water offshore New Zealand, and is working with the seller to obtain final New Zealand government approvals.  

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia-Pacific region.

Jadestone Energy plc is listed on the AIM market of the London Stock Exchange.  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.