Jadestone Energy to acquire Peninsular Malaysia Assets of SapuraOMV for up to $15m.

Jadestone Energy, an independent oil and gas production company focused on the Asia Pacific region, agreed to acquire Peninsular Malaysia Assets of SapuraOMV, a strategic partnership between Sapura Energy and OMV, for up to $15m. "I am delighted to add these Peninsular Malaysia assets to the Jadestone portfolio. We have always viewed Malaysia as a highly prospective jurisdiction for upstream investment, and have been looking for the right entry opportunity. We see this Acquisition as a high margin tuck-in, which meets our investment criteria, and sets the stage for us to establish operating credentials in-country while we continue pursuing more materiality and growth through our acquisition and development led strategy," Paul Blakeley, Jadestone Energy President and CEO.