Jade Gas spuds two CBM wells in Mongolia
Sydney-listed coalbed methane (CBM) producer Jade Gas on February 1 announced that the second and third wells in its six well drilling programme in Mongolia have spudded.
Red Lake-3 and Red Lake-4 are part of the company’s flagship TT CBM project in the Tavantolgoi basin in Mongolia. The first of the six wells, Red Lake 1, was spudded in November.
Jade is targeting CBM across the central core area of the permit, which has an independently assessed prospective resource of 1 trillion ft3.
Red Lake-3 is currently drilling ahead at a depth of 457 m. It is anticipated that it will take four weeks to drill. Red Lake-4 will be cored to a depth of around 1,000 m, Jade said.