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Jade Gas Holdings Limited ( (AU:JGH) ) just unveiled an announcement.
Quarterly operations at the Red Lake field saw two wells deliver continuous flow with methane purity above 97%, higher production volumes, and upgraded power redundancy, underscoring momentum toward on-site gas-fired generation and displacement of diesel reliance. Management changes, appraisal work nearing completion, a A$70m development LOI, fresh equity of over A$5m, and prepayments for the next well signal advancing field-scale development while maintaining A$5.79m in liquidity to support PDO and licensing submissions.
The most recent analyst rating on (AU:JGH) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Jade Gas Holdings Limited stock, see the AU:JGH Stock Forecast page.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is an Australian-listed energy explorer developing coal bed methane resources at Mongolia’s Tavan Tolgoi basin, focusing on unlocking high-purity methane for regional gas demand.
Average Trading Volume: 1,138,394
Technical Sentiment Signal: Sell
Current Market Cap: A$51.5M
For an in-depth examination of JGH stock, go to TipRanks’ Overview page.