PetroEquity Signal podcast
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37:14Jadestone Energy built a broader Asia-Pacific portfolio through acquisitions, development and operating expertise, yet shareholders still suffered heavily. This episode looks at how repeated Montara disruption, development spending, abandonment funding, acquisitions and financing commitments combined to strain the balance sheet.
It also examines Paul Blakeley’s role in building the company, why many of the underlying assets were not necessarily the problem, and where responsibility also sits with the board, finance function and wider organisation. Jadestone has since changed management, governance and financing. The question now is whether the company has learned how to support growth without again stretching its financial resilience.