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Jade Gas Holdings Commences Mongolia’s First CBM Gas Production

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Jade Gas Holdings Commences Mongolia’s First CBM Gas Production

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

Jade Gas Holdings Limited has achieved a significant milestone by commencing production from its first two Coal Bed Methane (CBM) gas wells in Mongolia’s South Gobi region. This development marks the country’s first horizontal CBM production, positioning Jade to meet the growing demand for cleaner energy in the region. The company is actively pursuing partnerships to commercialize its gas production, aiming to replace diesel fuel with natural gas for transportation and power generation, which could lead to early revenue opportunities.

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 developing gas resources in Mongolia, with a market focus on providing cleaner energy solutions to replace diesel fuel in transportation and power generation sectors.

Average Trading Volume: 567,818

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$52.29M

For detailed information about JGH stock, go to TipRanks’ Stock Analysis page.

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