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Jade Gas Holdings Initiates First Gas Production in Mongolia

Story Highlights
  • Jade Gas Holdings starts production from its first two gas wells in Mongolia.
  • The company is pursuing initiatives to enhance shareholder value and meet regional gas demand.
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Jade Gas Holdings Initiates First Gas Production in Mongolia

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Jade Gas Holdings Limited ( (AU:JGH) ) just unveiled an update.

Jade Gas Holdings Limited has commenced production from its first two gas wells at the Red Lake field in Mongolia, marking a significant milestone in the country’s gas industry. The company is working on several initiatives to enhance shareholder value, including project studies, partner discussions, and considering a dual listing on the Hong Kong Stock Exchange. The project aims to meet the unmet gas demand in the South Gobi region, replacing diesel fuel in trucking operations and serving as an input for power generation in mining operations.

More about Jade Gas Holdings Limited

Jade Gas Holdings Limited operates in the energy sector, focusing on coal bed methane gas projects. The company’s primary project is located in the Tavantolgoi basin in Mongolia, where it aims to address the growing demand for cleaner energy solutions in the region.

Average Trading Volume: 438,339

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$59.04M

See more data about JGH stock on TipRanks’ Stock Analysis page.

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