Jade Gas Holdings Limited (ASX: $JGH) 2024 Exploration Activities

Jade Gas Holdings Limited (ASX: $JGH) has confirmed its 2024 exploration activities, aimed at expanding its established 45km gas field extent in the south Gobi region of Mongolia. The company's initial 2024 operations include a drilling program in the Red Lake and Baruun Naran areas, following the successful 2023 exploration campaign.

Executive Chairman's Perspective on 2024 Exploration Program

We are expecting another very busy year of both inground activity as well as mid and downstream commercial progress. The exploration program has been designed to provide additional certainty on the broader potential, but the real, immediate value add is expected to come through the drilling of the lateral wells and commencement gas production. As we expedite a path to production, we expect the interest in the country's highest potential cleaner energy project to further increase, and we look forward to working with the regulator MRPAM as well as all our in-country stakeholders to deliver a successful program.

Summary of 2024 Drilling Program and Outlook

Jade Gas Holdings Limited (ASX: $JGH) has outlined its 2024 drilling program, focusing on expanding the established 45km gas field extent in the south Gobi region of Mongolia. The company aims to determine the quickest pathway to commercial production across its gas projects, with a particular focus on the Red Lake and Baruun Naran areas. Furthermore, the company is in commercial negotiations with strategic investors to fast track the delivery of gas to customers. The 2024 program also includes exploration activities at Shivee and Eastern Gobi, with discussions ongoing for potential partnering options. Jade's ambitions include improving Mongolia's energy independence, supporting future energy demand growth, and decarbonizing the economy with cleaner fuel sources, ultimately providing environmental and health benefits for the people and country of Mongolia.