Jade Gas Holdings Gets Mongolian Authority Approval for Coal Bed Methane Project Appraisal Report
MT Newswires Live
Apr 28
Jade Gas Holdings (ASX:JGH) received approval from the Mineral Resources and Petroleum Authority of Mongolia for its appraisal report for the Tavantolgoi coal bed methane project, according to a Tuesday Australian bourse filing.
The next stage in securing a long-term production license for the project is reserve booking, which will validate and register the company's maiden gas reserves under Mongolia's mineral and petroleum reporting standards, per the filing.
The company's shares fell nearly 2% in recent trading on Tuesday but earlier hit their highest since May 2024.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.