Australia's Jade Gas jumps most in about 4 mths on signing MOU with Xanadu Mines

Jade Gas Holdings

22/12/2022 01:28

** Shares of Australia's Jade Gas Holdings  JGH.AX  rise as
much as 15.6% to A$0.052 - set to mark best day since Aug. 26,
if gains hold 
    ** Stock hits highest since Nov. 16  
    ** Oil and gas explorer says it has signed a non-binding gas
offtake memorandum of understanding with Xanadu Mines Ltd
 XAM.AX  
    ** Adds MOU for commercial gas sales from Jade's
TTCBM Project to power Xanadu's Kharmagtai Copper-Gold Project
    ** Stock has fallen 32.8% this year as of last close
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))