On 6 May 2020, Jade Methane LLC and joint venture partner Erdenes Methane LLC, a wholly owned subsidiary of state-owned enterprise Erdenes Mongol LLC, were officially awarded Block XXXIII CBM PSC in the Gobi Basin. Block XXXIII CBM PSC covers approximately 800 sq km and covers the Tavan Tologi coal mine. The joint venture was granted a 10 year exploration period. Jade had entered into an investment agreement with Erdenes earlier in May 2019 and had drilled eight CBM exploration wells of between 500-900m for a total of 5,207.7m to test the CBM potential.
Jade Methane LLC and joint venture partner Erdenes Methane LLC, a wholly owned subsidiary of state-owned enterprise Erdenes Mongol LLC, were officially awarded Block XXXIII CBM PSC in the Gobi Basin. Block XXXIII CBM PSC covers approximately 800 sq km and covers the Tavan Tologi coal mine. 