We initiate coverage on Jadestone Energy (AIM:JSE), an APAC-focused E&P company, with a risked NAV of 66p/sh, offering a 135% upside to the current share price. Jadestone represents one of the few ways to achieve exposure to the growing APAC oil and gas markets. While the company’s key skillset is rejuvenating mature fields, Jadestone has also successfully developed Akatara, a ~25mmboe Indonesian gas field, which provides confidence it can do the same with its large undeveloped Vietnamese gas fi ....
