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Jade Gas Holdings Limited ( (AU:JGH) ) just unveiled an announcement.
Jade Gas Holdings Ltd has confirmed exceptionally high methane content and low carbon dioxide levels in gas from its Red Lake gasfield in Mongolia, indicating a high-quality gas profile. This supports the company’s primary focus on high-margin LNG markets and opens opportunities for supplying additional markets as a key chemical feedstock. The findings enhance Jade’s commercial options, improve project economics, and validate its exploration strategy, contributing to its long-term field development strategy.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is a gas exploration company focused on the coal bed methane (CBM) potential of Mongolia. Its flagship project is the Coal Bed Methane gas project over the Production Sharing Agreement area of Tavantolgoi XXXIII unconventional oil basin, managed through its subsidiary Methane Gas Resource LLC in partnership with the Mongolian Government. Jade also has a joint venture with Mongolia Mining Corporation Limited for CBM rights over the Baruun Naran coal mine.
Average Trading Volume: 1,149,959
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$64.37M
Learn more about JGH stock on TipRanks’ Stock Analysis page.