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An update from Jade Gas Holdings Limited ( (AU:JGH) ) is now available.
Jade Gas Holdings Limited has secured a loan facility of A$3.64 million from Executive Director Joseph Burke to enhance its well production activities at the Red Lake Gas Field. This funding is expected to facilitate a transformational gas breakthrough in the current quarter, potentially strengthening Jade’s operational capabilities and market position in the CBM industry.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is a gas exploration company focusing on the coal bed methane (CBM) potential in Mongolia. Its flagship project is the TTCBM Project in the Tavantolgoi XXXIII unconventional oil basin, managed through a joint venture with Erdenes Methane LLC. Jade also collaborates with Mongolia Mining Corporation Limited on the BNG Project and holds CBM permits in Shivee Gobi and Eastern Gobi, aiming to provide a reliable gas supply to Mongolia’s power and transport sectors.
Average Trading Volume: 441,883
Technical Sentiment Signal: Sell
Current Market Cap: A$59.04M
For a thorough assessment of JGH stock, go to TipRanks’ Stock Analysis page.