Jade Commences Drilling First Multilateral Well at Red Lake
Filed with ASX · · 4 pages · English
Summary by 6ix AI
Jade Gas Holdings Limited has announced the commencement of drilling its first multilateral well at Red Lake, Mongolia, which is part of its TTCBM Project. This well will incorporate an advanced completion design with multiple lateral sidetracks, aiming to enhance gas recovery and flow rates. The company is also progressing negotiations for financing and development agreements for a significant expansion of the project, which includes a large number of production wells.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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Earlier from Jade Gas
- Jade Targets Deeper Gas Potential
- PDO submitted and 502km2 Production Licence Area Agreed
- Successful Completion of A$11.0 million Placement
- Update on Settlement of Placement
- Reinstatement to Quotation
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