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7 stories mentioning ASX:JGHUpdated 20d ago

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Asia

Jade Gas Holdings Submits Plan for Development of Operations for Mongolian Project; Shares Down 5%

Jade Gas Holdings (ASX:JGH) lodged an initial plan for development of operations at its TTCBM project with the Mongolian Minerals Reserve Council, according to a Monday filing with the Australian bourse.The plan details the framework for drilling, dewatering, production, and long-term management of the project, per the filing.Jade also reached an agreement on the proposed production license area with the Mongolian regulator. The agreed production area size 502 square kilometers covers about 80% of the existing exploration area, the company said.It added that once granted, the production license will transition TTCBM from an exploration asset to long-term commercial development, giving Jade rights to produce and monetize its gas resources.The company's shares fell nearly 5% in recent Monday trade.

ASX:JGH
Asia

Jade Gas Holdings Completes AU$11 Million Share Placement

Jade Gas Holdings (ASX:JGH) completed the settlement of a private placement to raise a gross AU$11 million at AU$0.12 per share, according to a Tuesday filing with the Australian bourse.The company said it will issue about 91.7 million new ordinary shares under the placement.Proceeds from the placement will support pre-development activities across the TTCBM Basin in Mongolia and help advance commercial and strategic initiatives, including the company's proposed Hong Kong Stock Exchange listing, per the filing.

ASX:JGH
Asia

Jade Gas Holdings Addresses Settlement Issues Affecting AU$11 Million Private Placement

Jade Gas Holdings (ASX:JGH) said it is working with its joint lead managers to address settlement issues involving certain investors unable to provide cleared funds for its AU$11 million private placement due on Monday, according to a same-day Australian bourse filing.The company said the issue will not impact its major AU$1.1 billion PTBEL joint venture and funding transaction, which continues to progress, per the filing.It also confirmed it has sufficient resources to meet creditor obligations and ongoing working capital needs regardless of the placement outcome, the filing added.

ASX:JGH
Asia

Jade Gas Holdings Executes Nonbinding Collaboration Agreement with Lead Contractor for Mongolia Coal Bed Methane Project First Phase, Shares Fall 7%

Jade Gas Holdings (ASX:JGH) executed a nonbinding collaboration agreement with potential lead contractor PT Beijing Energy Linking to contemplate funding the development of the first phase of the Tavan Tolgoi coal bed methane project in Mongolia, according to a Monday Australian bourse filing.The first phase capital expenditure is estimated at $762.5 million, and binding agreements are targeted for execution by the end of the September quarter. The first phase includes 175 wells, currentlycontemplated across the Red Lake development area.Under the agreement, the PT Beijing Energy consortium agreed to make up to 10 drilling rigs available for short-term deployment, with initial mobilization targeted to begin between February 2027 and March 2027. The consortium could include one of PetroChina and Hunan Geology & Mining Technology, or both, as subcontractors.Jade Gas will be responsible for any permitting and regulatory approvals, grid line capacity, land access, drill site preparations, internal roads, water storage, and drainage systems.The agreement also includes the potential funding and development of an around $150 million scalable liquefied natural gas liquefaction facility.Its shares fell 7% in recent trading on Monday.

ASX:JGH
Asia

Jade Gas Holdings Secures AU$12 Million Through Placement; Shares Up 5%

Jade Gas Holdings (ASX:JGH) raised AU$12 million through a placement to sophisticated and professional investors, issuing 150 million shares at AU$0.08 per share, representing an over 11% premium to its 15-day volume-weighted average price, according to a Friday Australian bourse filing.The proceeds will be used to advance commercial and strategic initiatives, progress project development milestones, fund offer-related costs, and support working capital requirements, the filing added.The company's shares rose 5% in recent Friday trade.

ASX:JGH
Asia

Jade Gas' Maiden Reserves Receives Approval From Mongolian Minerals Reserves Council

Jade Gas' (ASX:JGH) maiden gas reserves at the Tavan Tolgoi project received approval from the Mongolian Minerals Reserves Council, according to a Monday filing with the Australian bourse.The approval enables the formal lodgment of the plan for development and operations for the project and allows the company to apply for a production license, the filing said.

ASX:JGH
Wire

Jade Gas Holdings Gets Mongolian Authority Approval for Coal Bed Methane Project Appraisal Report

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.

ASX:JGH

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