Jade Gas Holdings Limited (Jade) is a gas exploration company focused on the coal bed methane (CBM) potential of Mongolia. Jade’s flagship project is the CBM gas project over the Production Sharing Agreement (PSA) area of Tavantolgoi XXXIII unconventional gas basin, (TTCBM Project). Jade will operate and manage the TTCBM Project through its subsidiary Methane Gas Resource LLC (MGR), a joint venture (JV) company partnering with Erdenes Methane LLC (EM), the representative company for the Mongolian Government. The JV was formed with the intention to explore, develop and produce gas from the TTCBM Project located in the South Gobi region of Mongolia.
Jade recently acquired two new prospective CBM permits, Shivee Gobi and Eastern Gobi. Both permits cover an area of over 18,000km2 and are well located within existing coal basins and near coal deposits and mines.