Jade Gas Holdings Achieves Milestone with Sustained Gas Flow in Mongolia

An announcement from Jade Gas Holdings Limited ( (AU:JGH) ) is now available.

Jade Gas Holdings Limited has reported sustained and increasing gas flow from its two horizontal wells at the Red Lake Gas Field in Mongolia. The company is nearing completion of its Plan for Development for Operations, with expectations of achieving commercial gas rates soon. This progress marks a significant milestone in the company’s operations, enhancing confidence in gas volume and deliverability, and is a crucial step in de-risking the project.

More about Jade Gas Holdings Limited

Jade Gas Holdings Limited operates in the energy sector, focusing on gas production. The company is engaged in the development and production of gas from the Red Lake Gas Field in the South Gobi region of Mongolia, with a market focus on increasing gas flow and commercial sales.

Average Trading Volume: 606,300

Technical Sentiment Signal: Buy

Current Market Cap: A$77.59M

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