Jade Gas Expands Mongolian drilling program
- Following strong early results, Jade Gas (JGH) expands the drilling program at the Tavantolgoi XXXIII Coal Bed Methane gas project in Mongolia
- Drilling is targeting natural gas from three coal seams across prospective areas of the permit and has returned high gas content and multiple intersections of thick coals
- The program will now include Red Lake-7 which will be the second production well in the extended pilot production testing phase
- The extended production testing is designed to gain information on well performance and deliverability to ultimately support assessment of commercial development options
- JadeGas shares are trading grey at 5.1 cents at 2:48 pm AEST
