SYDNEY: Jade Gas Holdings Limited (ASX:JGH) has signed a non-binding term sheet for a major gas production partnership with China based Yan’an Drilling Wellking Energy Technology Service Company Limited (DWK) to develop Jade’s Red Lake gas resource. Jade Gas recently appointed DWK as its integrated services contractor as the Company moves directly to resource development…
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HGM to acquire Jade Gas, holding entity of Mongolian coal seam gas projects
PERTH: High Grade Metals Ltd (HGM) announced it has signed a binding term sheet to acquire 100% of the issued capital of Jade Gas Pty Ltd. Subject to the satisfaction of the relevant conditions, and on the assumption that High Grade Metals Ltd (HGM) conducts and completes a consolidation on 5:1 basis (i.e. that every…