Jadestone Energy Inc. Announces Issuance of Stock Options

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SINGAPORE / ACCESSWIRE / April 1, 2019 / Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that on March 29, 2019 it issued an aggregate of 8,000,000 incentive stock options to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company. The stock options are exercisable for a period of ten years at an exercise price of C$0.85 per share and will vest over a period of three years. The stock options were granted in accordance with the terms of the Company's stock option plan, which has been approved by the Company's shareholders and the TSX Venture Exchange.

Certain persons discharging managerial responsibilities ("PDMR") were recipients of stock options as detailed below.

PDMR	Position	Volume
Paul Blakeley	Executive Director, President and Chief Executive Officer	1,200,000
Dan Young	Executive Director and Chief Financial Officer	750,000
Michael Horn	Executive Vice President, Corporate and Business Development	750,000
Dennis McShane	Non-Executive Chairman	100,000
Robert Lambert	Deputy Chairman	75,000
Iain McLaren	Non-Executive Director	75,000
Eric Schwitzer	Non-Executive Director	75,000
Cedric Fontenit	Non-Executive Director	75,000
David Neuhauser	Non-Executive Director	75,000

- Ends -

Enquiries

Jadestone Energy Inc.	+65 6324 0359 (Singapore)
Paul Blakeley, President and CEO	+1 403 975 6752 (Canada)
Dan Young, CFO	[email protected]
Robin Martin, Investor Relations Manager

Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	+44 (0) 20 7710 7600 (UK)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield

BMO Capital Markets Limited (Joint Broker)	+44 (0) 20 7236 1010 (UK)
Thomas Rider
Jeremy Low
Thomas Hughes

Camarco (Public Relations Advisor)	+ 44 (0) 203 757 4980 (UK)
Georgia Edmonds	[email protected]
Billy Clegg
James Crothers

About Jadestone Energy Inc.

Jadestone Energy Inc. is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Vietnam and the Philippines.

The Company has a 100% operated working interest in Stag, offshore Australia, and a 100% legal and beneficial interest in the Montara assets, and a 99% legal, subject to regulatory approval, beneficial right title, and interest in the associated production licences AC/L7 and AC/L8 (the "Montara Titles"). The remaining 1% legal interest in the Montara Titles is being held on trust by the seller, in favour of the Company, until Australian regulatory approvals relating to the transfer of operatorship of the Montara assets are obtained. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company has a 100% operated working interest (subject to registration of PVEP's withdrawal) in two gas development blocks in Southwest Vietnam and is partnered with Total in the Philippines where it holds a 25% working interest in the SC56 exploration block.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets throughout the Asia-Pacific region.

Jadestone Energy Inc. is currently listed on the TSXV and AIM. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com.

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

A. Paul Blakeley

Reason for the notification

(a)

Position/status:

Executive Director, President and Chief Executive Officer

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
A. Paul Blakeley	1,200,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

1,200,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Daniel Young

Reason for the notification

(a)

Position/status:

Executive Director and Chief Financial Officer

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
Daniel Young	750,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

750,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Michael J. Horn

Reason for the notification

(a)

Position/status:

Executive Vice President, Corporate and Business Development

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
Michael J. Horn	750,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

750,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Dennis McShane

Reason for the notification

(a)

Position/status:

Non-Executive Chairman

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
Dennis McShane	100,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

100,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Robert Lambert

Reason for the notification

(a)

Position/status:

Deputy Chairman

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
Robert Lambert	75,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

75,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Iain McLaren

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
Iain McLaren	75,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

75,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Eric Schwitzer

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
Eric Schwitzer	75,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

75,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Cedric Fontenit

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
Cedric Fontenit	75,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

75,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

David Neuhauser

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR	Volume	Strike price (C$)
David Neuhauser	75,000	0.85

(d)

Aggregated information:
- Aggregated volume:
- Price:

75,000
C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

SOURCE: Jadestone Energy Inc.

Topic:

Company Update

Regulatory

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