Oil and gas production firm Jadestone Energy has further reduced its 2020 capital expenditure.
Over both rounds of reductions, the company has reduced its 2020 capex by around 80%, from its original $160m-190m to $30m-$35m. It has already spent about $15.5m during the first quarter this year.
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Jadestone said the delay would help align its capital spending with a stronger oil price environment, while preserving its current balance sheet and net cash position.
