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An update from Jade Gas Holdings Limited ( (AU:JGH) ) is now available.
Jade Gas Holdings Limited has achieved a significant milestone with the successful gas flow from its first horizontal production well at the Tavantolgoi CBM Project in Mongolia. This development marks a critical de-risking step for the company, demonstrating its ability to extract gas from coal seams and advancing the project’s operational readiness. The achievement confirms the proof of concept for a scalable LNG operation and sets the stage for Jade to become a major gas operator in Mongolia, with plans to replicate the successful well type across the Red Lake Gas field.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is a company operating in the energy sector, focusing on the exploration and development of coal bed methane (CBM) projects. The company is primarily engaged in establishing commercial gas operations, with a significant focus on the Tavantolgoi CBM Project in Mongolia.
Average Trading Volume: 463,398
Technical Sentiment Signal: Hold
Current Market Cap: A$67.47M
Find detailed analytics on JGH stock on TipRanks’ Stock Analysis page.