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The latest announcement is out from Jade Gas Holdings Limited ( (AU:JGH) ).
Jade Gas Holdings has completed the appraisal program for its TTCBM Project in Mongolia’s South Gobi region, submitting an appraisal report for the Red Lake gas field that confirms a significant gas resource and the technical and commercial viability of the project. This milestone positions the company as a key prospective contributor to Mongolia’s energy independence and cleaner energy goals.
The company now plans to lodge its maiden gas reserve booking with the Mongolian Minerals Reserve Council, a step that will formally register its gas reserves and underpin further permitting and development. Once the reserve is acknowledged, Jade will submit a Plan for Development of Operations, outlining a phased drilling campaign of up to 175 wells initially and a full-field plan of about 800 wells over more than 30 years, paving the way for a production licence and large-scale LNG-focused gas development.
The most recent analyst rating on (AU:JGH) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Jade Gas Holdings Limited stock, see the AU:JGH Stock Forecast page.
More about Jade Gas Holdings Limited
Jade Gas Holdings Ltd is an Australian-listed energy company focused on coal bed methane development in Mongolia’s South Gobi region. Its flagship TTCBM Project targets domestic gas production to support Mongolia’s transition to cleaner energy, with an initial focus on supplying liquefied natural gas to local transport, mining, and industrial power markets.
Average Trading Volume: 643,966
Technical Sentiment Signal: Sell
Current Market Cap: A$42.3M
For detailed information about JGH stock, go to TipRanks’ Stock Analysis page.