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Jade Gas Advances Mongolian Project with A$1.1 Billion Funding Framework and Reserve Milestones

9:38am on Friday 31st of July, 2026 AEST Energy
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Jade Gas Advances Mongolian Project with A$1.1 Billion Funding Framework and Reserve Milestones

9:38am on Friday 31st of July, 2026 AEST
Key Points
  • Mongolian regulators approve appraisal program and maiden gas reserve booking
  • Non-binding A$1.1 billion funding agreement signed with PT Beijing Energy Linking consortium
  • A$12 million placement completed at 11.3% premium to advance development
  • Both production wells at Red Lake gasfield are operational
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