Australia's Jade Gas set for best day in 3 weeks on MoU with Mongolian firm

Jade Gas Holdings

05/04/2022 03:45

** Shares of Jade Gas Holdings  JGH.AX  gain as much as
17.2% to A$0.068, set for best day since March 15, if gains hold
    ** The oil and gas explorer says it signed non-binding
Memorandum of Understanding (MoU) with Mongolian gas distributor
UB Metan LLC  urn:newsml:reuters.com:*:nGLF4SX4MC
    ** Under the MoU, UB Metan has the option for gas supply
from Jade's 60%-owned TT CBM Project in Southern Mongolia 
    ** Stock hits highest level since March 15
    ** More than 1.4 mln shares change hands, compared with the
30-day average volume of about 687,000 shares
    ** Stock down 13.4% this year, as of last close
    

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))