Jadestone Energy ("JSE") has brought the first well of its 2026 Malaysia infill campaign on the PM323 PSC online ahead of schedule and 20% below budget. We believe this demonstrates the strong operational and technical capability of the new management team. The flow rate of ~3kboe/d gross is in line with pre-drill expectations. Furthermore, the first well at 4,866m measured depth with a 1,200m horizontal reservoir section, is the longest well drilled to date on the East Belumut field. The well's ....
