Jadestone Energy Inc (GB:JSE) has released an update.
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Jadestone Energy PLC has announced the commencement of commercial gas sales from the Akatara gas development project in Indonesia, with a current output of approximately 4 million standard cubic feet per day, which is 20% of the daily contracted quantity. The company has successfully commissioned a new processing plant, marking a significant achievement by producing gas, condensate, and soon LPG, all while maintaining a safe work environment with no lost time injuries. Jadestone aims to reach full contracted production levels in the coming weeks, establishing a new low-cost production base expected to significantly boost cash flow and benefit local economies.
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