Jade Gas again demonstrate that they have a strategy and are implementing it with precision to allow Mongolia become less dependent on imported gas.
Mr Chris Jamieson and his team carried out the extensive exploration work to find and confirm the existence of commercial gas in the TTCBM Gas Project area. This has been a tremendous endorsement and the findings are allowing the company to move to the second phase of the project which is to bring focus on initial gas production. This task requires different skills and Jade Gas have made these changes to deliver on the objective of making Mongolia less dependent on expensive imported gas.
The appointment Mrs Uyanga Munkhkhuyag of UB Metan LLC, a significant shareholder in Jade is also significant as UB Metan could ultimately be Jade Gas's biggest customer and therefore Mrs Uyanga Munkhkhuyag should be of significant benefit to the board.
Indeed from the outset Jade have communicated and delivered on very clear milestones and objectives and the strengthening of the board to facilitate gas production is a very positive move.
JGH Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
