Thursday 18 April 2019

Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, reported today its consolidated audited financial statements (the “Financial Statements”), as at and for the twelve-month period ended December 31, 2018.

From January 1, 2018, the Company has moved to reporting its financial information from a March year end, to a calendar year end. For that reason, comparative financial information is provided for the nine-month period ended December 31, 2017.

The acquisition of the Montara Assets was completed on September 28, 2018, at which time Jadestone obtained control and 100% legal ownership, apart from interest in the associated licenses which remains subject to regulatory approval. For accounting purposes, Montara’s results are reported in Jadestone’s Financial Statements from September 28, 2018.