Jade Gas Holdings

What Jade Gas Holdings does

Jade Gas Holdings Limited (ASX: JGH) is a publicly listed gas exploration company headquartered in Kent Town, Adelaide, Australia, focused on developing the coal bed methane (CBM) potential of Mongolia. The company's flagship asset is the TTCBM Project, covering the Production Sharing Agreement (PSA) area of the Tavantolgoi XXXIII unconventional gas basin in the South Gobi region of Mongolia, operated through a joint venture with the Mongolian Government via subsidiary Methane Gas Resource LLC (MGR) and partner Erdenes Methane LLC. The portfolio extends across four permit areas (TTCBM, Baruun Naran, Shivee Gobi, Eastern Gobi) covering over 18,000 km2, with 246 Bcf of Gross unrisked 2C Contingent Resource booked at Red Lake and high-purity methane readings of 98% in coal seam III and 92.5% in coal seam IV.

The core technology is conventional coal bed methane extraction, with seven wells drilled in the Red Lake area achieving gas-bearing coal intersections averaging 60 metres and up to 124 metres through coring operations targeting shallow coals at 150-350m depths. The business model is pre-revenue; the strategy is to develop the projects to supply reliable gas to Mongolia's power sector (replacing coal and diesel imports) and the oil and gas product market in Ulaanbaatar and regional areas. Distribution will be direct via offtake agreements to industrial customers, utilities, and through strategic partner UB Metan LLC's downstream infrastructure including fuelling stations and storage terminals.

The company is in an early exploration-to-pilot-production phase, having raised $7.5M AUD via its July 2021 IPO prospectus. Leadership includes Executive Director Joseph Burke (30+ years Asia mining experience), Non-Executive Directors Daniel Eddington, Dr Ian Wang (30+ years oil and gas experience), and Uyanga Munkhkhuyag (also project director at UB Metan). The competitive positioning rests on the regulatory moat of exclusive PSA rights, government-backed JV structure, first-mover status as the only ASX-listed CBM player in Mongolia, and a 66% interest in the Baruun Naran permit (with Khangad Exploration LLC holding 34%).

Name

Jade Gas Holdings

Legal name

Jade Gas Holdings Limited

Website

https://jadegas.com.au

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Jade Gas Holdings (ASX: JGH) is a pre-revenue Australian-listed gas exploration company developing coal bed methane projects in Mongolia, including the flagship TTCBM Project in South Gobi, targeting gas supply to Mongolia's power sector and industrial markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Adelaide

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Gas Production and Sales: Pre-revenue exploration company. Strategy is to develop gas production to provide reliable supply to oil and gas product market and power sector in Mongolia. Revenue will come from selling produced CBM gas to industrial customers, power sector, and distribution networks in Ulaanbaatar and regional areas.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Jade Gas Holdings is a coalbed methane (CBM) exploration and development company operating a portfolio of gas projects in Mongolia, with the TTCBM Project as its flagship. Through its wholly-owned subsidiary MGR and a joint venture with Erdenes Methane LLC, Jade holds a Production Sharing Agreement over the Tavantolgoi XXXIII unconventional gas basin. The strategy is to develop these resources to produce and sell CBM gas to Mongolia's power sector, industrial users, and distribution networks in Ulaanbaatar and regional areas.

Product overview

Jade Gas Holdings is a gas exploration company operating a portfolio of Coal Bed Methane (CBM) projects in Mongolia. The company's flagship is the TTCBM Project (Tavantolgoi XXXIII CBM Project), a Production Sharing Agreement covering an unconventional gas basin in the South Gobi region. This core project is supported by three additional prospective CBM permits: Baruun Naran, Shivee Gobi, and Eastern Gobi, collectively covering over 18,000km2. The strategy aims to develop these projects to supply reliable gas to Mongolia's oil and gas product market and power sector, including the capital Ulaanbaatar and regional areas.

Differentiator

Problem solved

Functional benefit

Products and services

• TTCBM Project (Tavantolgoi XXXIII CBM Project) Flagship Coal Bed Methane gas project located in the Production Sharing Agreement area of Tavantolgoi XXXIII unconventional gas basin in the South Gobi region of Mongolia, involving exploration, development, and production of methane gas from coal seams for sale to Mongolia's power sector and oil and gas product market.
• Baruun Naran Project Prospective Coal Bed Methane permit adjacent to the TTCBM Project in Mongolia, in which Jade holds a 66% interest and Khangad Exploration LLC holds the remaining 34%. The permit hosts a JORC-compliant coal resource of 410 Mt and is a continuation of the Tavan Tolgoi coal basin.
• Shivee Gobi Permit One of three prospective CBM permits held by Jade in Mongolia covering an area within existing coal basins, located near coal deposits and mines. Part of Jade's broader exploration portfolio spanning over 18,000 km2.
• Eastern Gobi Permit One of three prospective CBM permits held by Jade in Mongolia covering an area within existing coal basins, located near coal deposits and mines. Part of Jade's broader exploration portfolio spanning over 18,000 km2.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and key.

• Erdenes Methane LLC (EM)coreStrategic or Co-development Partner · 1 April 2020Joint venture partner and representative company for the Mongolian Government. EM was awarded the PSA over the TTCBM Project area in April 2020. JV was formed to explore, develop and produce gas from the TTCBM Project located in the South Gobi region of Mongolia.
• Methane Gas Resource LLC (MGR)coreStrategic or Co-development PartnerSubsidiary JV company (wholly-owned by Jade) that holds the PSA rights and obligations. Following approval by Cabinet of Mongolia in October 2020, PSA rights were fully transferred to MGR. Jade manages, fully funds and operates the fulfillment of PSA requirements through this entity.
• Khangad Exploration LLC (subsidiary of Mongolia Mining Corporation - HKSE:0975)coreStrategic or Co-development PartnerJV partner holding 34% interest in the Baruun Naran PA, with Jade holding 66%. Permit is adjacent to TTCBM Project with existing coal field (410 Mt JORC compliant coal resource) and is a continuation of the Tavan Tolgoi coal basin.
• UB Metan LLCkeyStrategic or Co-development PartnerStrategic partner for developing downstream facilities in Mongolia's natural gas sector. Mrs Uyanga Munkhkhuyag serves as project director at UB Metan undertaking roles to develop downstream facilities including construction of fuelling stations, storage terminal, and establishing new market to expand end-users of natural gas.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Empire Energy Group: ASX-listed (EEG) CBM exploration and development company with onshore unconventional gas assets in Northern Territory and the US. Mirrors Jade's pre-revenue/exploration-stage profile, permit-based business model, and dependence on equity capital markets to fund drilling.
• Comet Ridge: ASX-listed (COI) coal seam gas explorer/appraiser focused on Mahalo and Galilee Basin permits. Closely comparable as a small-cap CBM/CSG developer progressing contingent resources toward production, similar regulatory milestones and JV structures.
• Blue Energy: ASX-listed (BLU) coal seam gas explorer with permits in Queensland's Bowen and Surat basins. Comparable as a small-cap CBM-only explorer with a portfolio of unconventional gas acreage analogous to Jade's multi-permit Mongolian footprint.

Broad incumbents

• Senex Energy: ASX-listed (SXY) CSG producer with operated upstream assets supplying domestic and industrial markets. Comparable as a regulated CSG-focused operator that has commercialised CBM resources, illustrating the production-stage benchmark Jade is targeting.
• Santos: ASX-listed (STO) major upstream operator with significant CSG production in Queensland feeding Gladstone LNG, plus Asian LNG marketing capability. Comparable as the dominant ASX-listed CBM producer representing scaled-up economics and offtake precedents for a pure-CBM play.
• Origin Energy: ASX-listed (ORG) integrated energy major with material CSG production via APLNG. Comparable as a major ASX-listed energy company with extensive CBM/CSG operations, providing a benchmark for infrastructure, offtake, and LNG-scale economics.
• Arrow Energy: Shell- and PetroChina-backed CBM/CSG producer with Bowen and Surat Basin assets. Comparable as the largest pure-play CBM operator in Australia, illustrating JV-backed commercialisation models used in Asian CBM development.

Regional players

• Greka Limited: Privately-held CBM producer focused on China's Zhengzhuang and Qinshui basins. Comparable as an Asian CBM specialist operating in a closely analogous regulatory and geology environment to Mongolia's coal basins.

Emerging players

• China United Coalbed Methane Corporation: China's largest CBM operator, a CNPC subsidiary producing from Qinshui and Ordos basins. Comparable as a state-backed CBM developer demonstrating the regulatory and commercial framework for Asian unconventional gas production at scale.

Others

• Stanmore Resources: ASX-listed (SMR) coal miner with significant coking and thermal coal operations adjacent to and within the same South Gobi / Tavantolgoi basin as Jade's permits. Comparable as an operational counterparty sharing geological basin with Jade, relevant for infrastructure, water, and gas-by-product synergies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/jade_gas
• LinkedInlinkedin.com/company/jade-gas-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jade Gas Holdings