Australia's Jade Gas set for best day in 3 weeks as natgas exploration plan on track

Jade Gas Holdings

01/03/2023 01:28

** Shares of Jade Gas Holdings Ltd  JGH.AX  jump as much as
6.5% to A$0.049, on track for best day since Feb 8, if gains
hold
    ** The gas producer says will start 2023 exploration
programme, which is initially targeting natural gas from three
coal seams of interest in the northern extension of the Red Lake
area in Mongolia
    ** Says it extended testing of Red lake area as part of
upcoming pilot programme on track to start this month
    ** More than 586,129 shares change hands, vs the 30-day
average volume of 348,840 shares
    ** Stock down 6.1% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))