An announcement from Jade Gas Holdings Limited ( (AU:JGH) ) is now available.
Jade Gas Holdings Limited has successfully completed the drilling of its first two gas production wells at the Red Lake gas field in southern Mongolia, confirming significant gas potential. Both wells are set to begin production this quarter, with ongoing negotiations for commercialization opportunities with CNG manufacturers. This development is expected to enhance Jade’s operational capabilities and market positioning, potentially increasing value for stakeholders.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited operates in the energy sector, focusing on coal bed methane gas projects. The company is primarily involved in the exploration and production of gas, with a significant project located in the Tavantolgoi basin in the South Gobi region of Mongolia.
YTD Price Performance: -7.50%
Average Trading Volume: 507,416
Technical Sentiment Signal: Buy
Current Market Cap: A$62.41M
See more data about JGH stock on TipRanks’ Stock Analysis page.