Jade Gas Advances Mongolian CBM Project as Appraisal Phase Ends

Jade Gas Holdings Limited ( (AU:JGH) ) has shared an announcement.

Jade Gas Holdings has completed the appraisal phase of its TTCBM coal bed methane project in Mongolia’s Tavan Tolgoi basin, with both horizontal production wells at the Red Lake gasfield now producing gas and water. The company says the work confirms a significant gas resource and the technical and commercial viability of the project, reinforcing its ambition to become a key contributor to Mongolia’s energy transition.

Following the end of the appraisal program, Jade is preparing to lodge a maiden gas reserve booking with the Mongolian Minerals Reserve Council, covering a small 4.2 square kilometre area and a single coal seam as part of the regulatory pathway to development. Once the reserve is registered, the company plans to submit a Plan for Development of Operations outlining an initial 175-well drilling phase for modular LNG supply, ahead of a full-field scheme of about 800 wells over more than 30 years.

PDO approval would allow Jade to apply for an exploitation licence and formally shift from appraisal to commercial field development, targeting large-scale gas production for local transport, mining and industrial users. The company ended the quarter with A$4.5 million in available funding, including proceeds from a recent A$1.8 million capital raising, which it says is sufficient to support the initial phase of field development while it advances commercial discussions with potential partners and customers.

More about Jade Gas Holdings Limited

Jade Gas Holdings Limited is an Australian energy company focused on coal bed methane development in Mongolia’s South Gobi region. Its primary asset is the TTCBM Project in the Tavan Tolgoi basin, where it targets liquefied natural gas (LNG) supply for local transport, mining and industrial power markets as part of Mongolia’s broader push for energy independence and cleaner fuel sources.

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