Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Jade Gas Holdings Limited ( (AU:JGH) ).
Jade Gas Holdings Limited has announced the successful use of gas from its first two production wells to power site operations at the TTCBM Project in Mongolia’s South Gobi region. This development marks a significant milestone for the company, as it transitions from diesel to gas-fired electricity, highlighting the potential for domestic gas to transform Mongolia’s energy landscape. The company is also progressing with commercial initiatives, including off-take arrangements, which could enhance the environmental footprint of regional mining operations and support Mongolia’s carbon reduction goals.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is a gas exploration company with a focus on the coal bed methane (CBM) potential in Mongolia. The company’s flagship project is the TTCBM Project in the Tavantolgoi XXXIII unconventional oil basin, managed through a joint venture with Erdenes Methane LLC, representing the Mongolian Government. Jade also collaborates with Mongolia Mining Corporation Limited on the BNG Project and holds two prospective CBM permits in the Shivee Gobi and Eastern Gobi regions.
Average Trading Volume: 514,832
Technical Sentiment Signal: Hold
Current Market Cap: A$70.85M
See more data about JGH stock on TipRanks’ Stock Analysis page.