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Jade Gas Holdings Advances Mongolia’s First Horizontal CBM Gas Production

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Jade Gas Holdings Advances Mongolia’s First Horizontal CBM Gas Production

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

Jade Gas Holdings Limited has successfully completed Mongolia’s first horizontal CBM gas production wells at the Red Lake gas field in the South Gobi region. This achievement positions Jade to tap into Mongolia’s significant gas resources, aiming to replace diesel fuel and support power generation for large mining operations. The company is advancing negotiations for commercial partnerships to enhance its Liquified Natural Gas (LNG) and Compressed Natural Gas (CNG) capabilities, ensuring a swift market entry and early revenue generation.

More about Jade Gas Holdings Limited

Jade Gas Holdings Limited operates in the energy sector, focusing on the exploration and production of coal bed methane (CBM) gas. The company is primarily engaged in unlocking substantial gas resources in Mongolia, targeting the growing demand for diesel replacement and power generation.

Average Trading Volume: 569,511

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$47.23M

See more insights into JGH stock on TipRanks’ Stock Analysis page.

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