Jade Gas Ignites First Wells, Secures A$3.6M Loan, Eyes Hong Kong Listing

• First two coal bed methane wells commenced stable dewatering and initial gas production expected this quarter
• A$3.6 million unsecured loan facility secured to support ongoing well production activities
• Advanced project study nearing completion to optimize capital expenditure and production strategy
• Preliminary partner discussions underway to fast-track gas sales and cash flow generation