Key advancements in Jade Gas Holdings' strategy

Jade Gas Holdings (ASX:JGH) is making significant progress in its gas production efforts at the Red Lake gas field in Mongolia's South Gobi region. The company is on schedule to deliver commercial gas flows by 2025, marking a crucial step in its ambition to establish customer contracts and gas reserves. The production well drilling program is well underway, with the completion of a key monitoring well crucial for future developments.

Jade Gas Holdings' strategic focus and future outlook

Jade Gas Holdings is advancing its gas production program in Mongolia, with a strategic focus on achieving commercial gas flows by 2025. This development aims to capitalize on the high local demand for natural gas and position Jade as Mongolia's first domestic source of commercial gas. The company has made significant progress with its 2024 exploration program, confirming the presence of gassy coal intersections. Looking ahead, Jade plans a 20-well program for 2025, leveraging the largest CBM-exploiting rig in Mongolia to support the country's energy transition. The Red Lake gas field's Contingent Resources estimate underscores its potential for coal bed methane production, aligning with Jade's vision to provide a cleaner energy source for Mongolia's power and transport sectors.

Executive insights on gas production progress

The production well drilling and completion program is on schedule with the first two of four wells underway. A crucial monitoring well has been completed, which will support the horizontal production well program by providing important data on gas content and pressure response in the coal seam.