Jadestone specialises in extending the life of mature fields and there are big plans for Montara, which ticks all the boxes for the company, he says.
It's a very exciting time for the business, he adds.
A first well in six years at another mature oilfield Stag, also offshore Australia, is planned this year, while a new gas development should soon get underway in Vietnam.
Blakeley also believes that the Asia-Pacific region is becoming a mature province similar to the North Sea, with the major oil groups looking to divest what for them are marginal assets.
For Jadestone, these offer a huge opportunity says Blakeley.