– SINGAPORE, Singapore – Jadestone Energy plc (LON: JSE), an independent oil and gas production company focused on the Asia-Pacific region, today announced the appointment of Gunter Waldner to its Board as a non-executive director with immediate effect.
“On behalf of Jadestone, I welcome Gunter to the Board. His significant corporate finance and investment experience, as well as familiarity with strategy and M&A execution, will be important and complementary additions to our director skillset. Following Gunter’s appointment, we will continue with the previously announced Board restructuring as we recognise the importance of maintaining independence, while balancing the need to manage the size of the Board and strengthening capability and experience to support the growth of the business. We look forward to updating our shareholders on this process in due course.” said Board Chair, Dennis McShane.
About Gunter Waldner
Gunter Waldner, an Austrian national, has over 25 years of corporate finance and investment management experience. Mr Waldner is currently Head of Private Equity and Co-CIO of Tyrus Capital S.A.M. having joined the firm in 2012. Prior to Tyrus Capital, Mr Waldner spent five years in senior positions at AlpInvest Partners, where he was responsible, amongst others, for deal sourcing, structuring and execution of secondary private equity transactions and portfolio management.
Mr Waldner’s previous experience includes 10 years in investment banking at Lehman Brothers, advising corporates on M&A transactions and capital market activities. Mr Waldner holds a Master’s degree in Business Administration and Economics from the Vienna University of Economics and Business Administration.
Mr Waldner was nominated by the largest shareholder, Tyrus Capital S.A.M., and funds managed by it, pursuant to the relationship agreement entered into by the Company and Tyrus in November 2018.
About Jadestone Energy
Jadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region. It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, Thailand, and Vietnam, all stable jurisdictions with a positive upstream investment climate.
Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman Energy’s business in Asia-Pacific, the Company is pursuing a strategy to grow and diversify the Company’s production base both organically, through developments such at Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well as through acquisitions that fit within Jadestone’s financial framework and play to the Company’s strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions, and increased production through further investment.
Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximizing recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet the demand for oil and gas through the energy transition.
SOURCE: https://www.jadestone-energy.com/
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