The horizontal CBM wells are significant because they represent...

The horizontal CBM wells are significant because they represent Mongolia's first-ever horizontal coal bed methane gas production wells, marking a major milestone for both Jade Gas Holdings and the development of the gas industry in Mongolia. These wells enable Jade to unlock substantial gas resources in the country, which can be used as a cleaner alternative to diesel fuel for long-haul trucking and as an input for power generation in large mining operations. Additionally, the wells contribute to Mongolia's energy transition by improving energy independence, supporting future energy demand growth, decarbonizing the economy, and providing environmental and health benefits. So if Jade can demonstrate the extraction of Gas in a commercially viable format which can be monitised then Jade will have made the break trough it had promised at the outset. So the next few weeks are critical