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The latest announcement is out from Jade Gas Holdings Limited ( (AU:JGH) ).
Jade Gas Holdings Ltd has made significant progress in its December 2024 quarterly activities, advancing its coal bed methane gas project in Mongolia. The company successfully drilled the initial two of four production wells, laying the groundwork for commercial gas production expected in 2025. With a recent funding of A$3.63m, Jade is equipped to continue its drilling program and confirm gas flow and reserves. The drilling contractor, DWK, is operating the largest rig in Mongolia, supporting Jade’s ambitious plans for expanding its gas production and meeting the high demand for LNG in the region.
More about Jade Gas Holdings Limited
Jade Gas Holdings Ltd is a company engaged in the exploration and production of coal bed methane gas. Its primary focus is on the Tavantolgoi basin in the South Gobi region of Mongolia, where it aims to exploit local demand for gas, particularly for liquefied natural gas (LNG) to replace diesel consumption.
YTD Price Performance: -10.0%
Average Trading Volume: 182,824
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$60.73M
For a thorough assessment of JGH stock, go to TipRanks’ Stock Analysis page.
