Australia's Jade Gas jumps on initial resources estimate for Mongolia project

Jade Gas Holdings

23/08/2022 05:04

** Shares of Jade Gas Holdings Ltd  JGH.AX  rise as much as
7.3% to A$0.059, their highest since June 20
    ** Co deliverers an initial gross contingent resource
estimate, the estimate of how much resources can be recovered
from a project, for it flagship TTCBM project in South Gobi
region of Mongolia  urn:newsml:reuters.com:*:nASX8zjTsp 
    ** Says gross contingent resource is 246 billion cubic feet
of gas from its flagship project 
    ** More than 2.4 mln shares change hands, about 4.3 times
compared to the 30-day average volume of 567,840 shares 
    ** Shares of co are down 17.9% YTD as of last close 

 (Reporting by John Biju in Bengaluru)
 ((JOhn.Biju@thomsonreuters.com))