Jadestone Energy to spud Stag-49H well in early March after agreeing rig contract

Writer, Stock Market Wire
Monday, February 11, 2019 - 07:40

Jadestone Energy said Monday it had signed a rig contract for infill drilling on the Stag oilfield, located offshore Australia.

Ensco Australia Pty Limited agreed to provide the Ensco 107 jack-up drilling rig to Jadestone, after completion of its current operation in Dampier, Western Australia.

The drill would be used to spud the Stag-49H well targeting approximately 1.2 million barrels of incremental oil reserves from the field.

The company was planning to spud the Stag-49H well in early March 2019 and drilling operations were expected to take approximately 34 days, Jadestone energy said.


Related content

Jadestone Energy swings to net profit as record production in Q1 boosts revenues

Jadestone Energy swung to a net profit after reporting a 25% increase in first-quarter revenue from the previous quarter after ramping up production to record...

Wed, 29/05/2019 - 09:21


Jadestone Energy pumps out first oil from Stag 49H infill well

Jadestone Energy pumped out first oil from its Stag 49H infill, boosting the company's aim to deliver 1.2m barrels of incremental 2P oil reserves.

First...

Thu, 23/05/2019 - 09:34


Jadestone Energy expects no change to pre-drill expectations for Stag 49H infill well

Jadestone Energy said its pre-drill expectations for the Stag 49H infill well would likely remain in unchanged following the latest drilling operations at the well....

Mon, 13/05/2019 - 10:24


Jadestone Energy targets return to drilling operations amid easing weather conditions

Jadestone Energy said its drilling operations would resume at its Stag oilfield once it is safe for personnel to return offshore following severe storm conditions....

Mon, 25/03/2019 - 10:01


Broker Forecast - Cantor Fitzgerald issues a broker note on Jadestone Energy Inc Com Shs Npv Di

Cantor Fitzgerald today reaffirms its buy investment rating on Jadestone Energy Inc Com Shs Npv Di (LON:JSE) and raised its price target to 97p (from...

Thu, 14/03/2019 - 14:50