AIM-listed Jadestone Energy, an independent upstream production and development company focused on the Asia-Pacific region, notes the announcement by PT Prima Petroleum Energi that Prima Energy has reached an agreement to acquire an interest in c.28.3% of the Company’s issued share capital from Tyrus Capital S.A.M.
Jadestone has not yet received independent confirmation of the Sale.
Jadestone also notes Prima Energy’s statement that it has no intention of making an offer to acquire Jadestone Energy plc and is bound by the terms of Rule 2.8 of the UK Takeover Code in that respect.
Source: Jadestone Energy
