Jadestone Energy welcomes Linda Beal to its Board as Independent Director

– SINGAPORE, Singapore –  Jadestone Energy plc (LON: JSE), an independent upstream company focused on the Asia-Pacific region, today announced the appointment of Linda Beal to its Board as an Independent Non-Executive Director with immediate effect.

“We welcome Linda Beal to Jadestone’s Board. Her sector experience, ranging from senior tax positions at top tier advisory firms to more recent board experience across the UK listed upstream sector means she is ideally placed to join Jadestone as a Non-Executive Director and Chair the Audit Committee. Together with Jadestone’s other directors, I look forward to working with her to maintain the Company’s high standards of governance.” said Board Chairman, Adel Chaouch.

Linda Beal will join the Audit Committee as Chair, replacing Iain McLaren who will not seek re-election at the AGM on 13 June 2024. She will also join the Remuneration Committee and the Governance and Nomination Committee.

About Linda Beal

Linda Beal has over 30 years of experience advising the upstream sector and since 2018 has been a board director of several UK AIM-listed exploration and production companies. She will bring corporate governance and financial expertise and experience to her role as Jadestone’s Audit Committee Chair.

Linda Beal joined Grant Thornton in 2013 as a Tax Partner, where she was the Global Leader for Energy and Natural Resources with a mandate to build Grant Thornton’s global energy and natural resources capability. Previously, Linda spent 30 years at PwC and its legacy firm Price Waterhouse in Audit and Tax, 16 of them as a Partner. With PwC’s Natural Resources Independents business, she focused on advising international E&P clients across the AIM, FTSE350, overseas listed, and private sectors.

Linda Beal graduated in 1982 from the University of Nottingham with a Bachelor of Science degree in Mathematics, thereafter qualifying at Price Waterhouse as a Chartered Accountant, and was admitted to the Institute of Chartered Accountants of England and Wales in 1986.

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 as 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 maximising 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 demand for oil and gas through the energy transition.

SOURCE: https://www.jadestone-energy.com/

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