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Jade Gas Holdings Limited (ASX:JGH)

ALERT: Price-sensitive ASX Announcement for JGH
Current share price for JGH : $0.071 -0.034 (-32.38%)+
Announcement
Release
20 Jul 2026 12:26PM
Price at Release
$0.105
Full Release
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Summary
Jade Gas Holdings Limited has entered into a non-binding Collaboration Agreement with PT Beijing Energy Linking to secure approximately A$1.1 billion in funding for Phase 1 of its Red Lake Coal Bed Methane (CBM) Project in Mongolia. The agreement involves PTBEL funding 100% of the estimated capital expenditure for developing 175 wells, which is about 20% of the total drilling planned in the area. The project will also involve constructing associated infrastructure and a scalable LNG Liquefaction Facility. The collaboration aims to leverage expertise and financial strength from partners, including PetroChina and Hunan Geology & Mining Technology Co Ltd. A revenue-sharing mechanism is planned where Jade Gas retains project ownership, and revenues from gas sales will be shared to reimburse PTBEL. The project is anticipated to begin drilling in early 2027.
Key Points
  • Jade Gas signs non-binding agreement with PT Beijing Energy Linking
  • Agreement targets A$1.1 billion funding for Red Lake CBM Project
  • Phase 1 involves drilling 175 wells, 20% of total planned
  • Full funding of Phase 1 capital expenditure by PTBEL
  • Collaboration includes LNG Liquefaction Facility development
  • Revenue-sharing model to repay PTBEL from gas sales
  • Project development expected to commence in early 2027
  • Partners include PetroChina and Hunan Geology & Mining Technology
  • Jade Gas retains project ownership throughout
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.