Jadestone Energy PLC with ticker (LON:JSE) now has a potential upside of 42.9% according to Jefferies.
Jefferies set a target price of 50 GBX for the company, which when compared to the Jadestone Energy PLC share price of 35 GBX at opening today (26/06/2023) indicates a potential upside of 42.9%. Trading has ranged between 34 (52 week low) and 103 (52 week high) with an average of 2,598,302 shares exchanging hands daily. The market capitalisation at the time of writing is £194,988,395.
Jadestone Energy PLC is a Singapore-based upstream oil and gas development and production company. The Company focuses on the Asia Pacific region. It has a portfolio of development, production and exploration assets in Australia, Indonesia, Malaysia and Vietnam. The Company owns approximately 100%, operating interests in the producing Montara project and the Stag oilfield, offshore Western Australia. In Malaysia, the Company owns a 60% operated working interest in the PM323 license, a 70% operated working interest in the PM329 license and a 50% non-operated working interest in the PM318 and Abu, Abu Kecil, Bubu, North Lukut, and Penara oilfields (the AAKBNLP) licenses, all located offshore Peninsula Malaysia. The Company also holds an operating 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, in addition to various exploration and pre-development assets in Vietnam and other parts of Southeast Asia.
Jadestone Energy PLC 42.9% potential upside indicated by Jefferies
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- Written by: Charlotte Edwards
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