Jade Gas Holdings Advances Gas Production in Mongolia

The latest update is out from Jade Gas Holdings Limited ( (AU:JGH) ).

Jade Gas Holdings Limited has successfully completed horizontal drilling at its second gas production well in the Red Lake gas field, Mongolia, intersecting over 800m of net coal reservoir, which indicates higher gas levels than the first well. The company is now equipping both wells for production, with plans to commercialize the gas through Compressed Natural Gas (CNG) facilities, aiming to supply cleaner energy to local markets and reduce diesel reliance.

More about Jade Gas Holdings Limited

Jade Gas Holdings Limited operates in the energy sector, focusing on gas production. The company is actively involved in the exploration and development of gas resources, particularly in the South Gobi region of Mongolia, with a market focus on providing cleaner energy solutions.

YTD Price Performance: -17.50%

Average Trading Volume: 246,412

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$55.67M

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