Jade Gas has lodged a plan for development of operations (PDO) for its Tavan Tolgoi Coal Bed Methane (TTCBM) project with Mongolia's regulator and agreed a proposed 502km² production licence area.
The plan for the coal bed methane project has been submitted to the Mongolian Minerals Reserve Council for approval. It sets out a framework for drilling, dewatering, gas production and long-term management of field operations.
Jade Gas said approval of the PDO would be a regulatory milestone towards securing the long-term production rights required to commercially develop the project.
In parallel, the company agreed the proposed production licence area with the Mongolian regulator. The 502km² area is roughly 80% of the existing 629km² exploration area.
The proposed area covers the Red Lake development, which contains Jade Gas' maiden coal bed methane reserves and is the initial focus of development activities.
#mongolian
The plan for the coal bed methane project has been submitted to the Mongolian Minerals Reserve Council for approval. It sets out a framework for drilling, dewatering, gas production and long-term management of field operations.
Jade Gas said approval of the PDO would be a regulatory milestone towards securing the long-term production rights required to commercially develop the project.
In parallel, the company agreed the proposed production licence area with the Mongolian regulator. The 502km² area is roughly 80% of the existing 629km² exploration area.
The proposed area covers the Red Lake development, which contains Jade Gas' maiden coal bed methane reserves and is the initial focus of development activities.
#mongolian
2 months ago
