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Jade Gas Holdings Limited ( (AU:JGH) ) has provided an announcement.
Jade Gas Holdings Limited has reported a significant increase in gas production at its Red Lake Gas Field in Mongolia, with average daily gas flow rates rising by 246% month-on-month. The company is progressing towards achieving commercial flow rates, which will enable the completion of its Economic Study and Field Development Plan. The installation of additional generators aims to stabilize operations, and the company expects further increases in gas production as dewatering continues. These developments are poised to enhance Jade Gas Holdings’ operational stability and market positioning in the energy sector.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is a company operating in the energy sector, focusing on gas production. The company is primarily involved in the development of gas fields, with a particular emphasis on high-margin gas operations in the South Gobi region of Mongolia.
Average Trading Volume: 629,378
Technical Sentiment Signal: Buy
Current Market Cap: A$84.34M
See more insights into JGH stock on TipRanks’ Stock Analysis page.