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Jade Gas Holdings Limited (ASX:JGH)

ALERT: Price-sensitive ASX Announcement for JGH
Current share price for JGH : $0.073 0.021 (40.38%)+
Announcement
Release
30 Apr 2026 8:25AM
Price at Release
$0.052
Full Release
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Summary
Jade Gas Holdings Limited, reporting on its coal bed methane project in Mongolia, announced significant progress including the successful conclusion of their appraisal program at the Tavan Tolgoi basin. They intend to lodge their maiden gas reserve booking with Mongolian authorities, which will enable further development activities. The company is transitioning from appraisal to development, including plans to submit a Plan for Development of Operations (PDO) outlining a significant drilling campaign. Financially, Jade raised A$1.8 million and has a total available funding of A$4.5 million, which supports initial field development. The report also highlights ongoing positive commercial engagements and details regarding their financial activities for the quarter, such as cash flows and financing facilities.
Key Points
  • Production wells at Red Lake gasfield are operational.
  • Appraisal program concluded with maiden reserve booking expected.
  • Development plans include a drilling campaign of up to 175 wells.
  • A$1.8m capital raised and total funding available is A$4.5m.
  • Positive commercial engagements are ongoing.
  • The Company aims to support Mongolia's energy independence.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.