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Jade Gas Confirms Strong Gas Potential, Nears Production at Red Lake Field
5:13am on Monday 2nd of June, 2025 AEST
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Energy
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Jade Gas Confirms Strong Gas Potential, Nears Production at Red Lake Field
5:13am on Monday 2nd of June, 2025 AEST
Key Points
Two lateral coal seam wells drilled with high methane content and strong gas shows
Wells being equipped for production, expected to start this quarter
Negotiations underway with mid-stream CNG manufacturers for early commercialisation
A$8.8 million drawn from A$11 million convertible note facility
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JADE GAS HOLDINGS (ASX:JGH)
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