- Jade Gas (JGH) appoints Christopher “Chris” Jamieson as its Managing Director, effective April 20
- Mr Jamieson was appointed CEO effective, December 16, after providing consulting services to the company since October 2021
- As CEO, he oversaw the delivery of four of the six wells to be drilled at Jade’s flagship TTCBM Gas Project in the South Gobi Basin, Mongolia
- The total fixed remuneration is set at $347,500 per annum, inclusive of superannuation
- JGH shares are up 5.98 per cent, trading at 6.2 cents
Jade Gas (JGH) has appointed Christopher “Chris” Jamieson as its Managing Director, effective April 20.
Mr Jamieson is the current CEO of Jade Gas, effective December 16, after providing consulting services to the company since October 2021.
As CEO, he oversaw the delivery of four of the six wells to be drilled at Jade’s flagship TTCBM Gas Project in the South Gobi Basin, Mongolia which aims to support Mongolia’s energy independence and cleaner energy mix.
Additionally, Jade expanded its CBM portfolio by securing two highly prospective Mongolian CBM permits, Shivee Gobi and Eastern Gobi, spanning just over 18,000 square kilometres.
Executive Director Joseph Burke said that Mr Jamieson “has had a noticeable impact” on the company since being appointed as CEO.
“His experience and skill set in both oil and gas and corporate finance have proven valuable attributes in executing well beyond the strategic objectives set out in our prospectus, which includes the addition of two highly prospective CBM permits which is expected to add significant value for our shareholder,” Mr Burke said.
“Chris’ appointment as Managing Director adds further day-to-day oversight to the Company’s decision-making process by providing balance between the Executive and Non-Executive members of our Board.”
In addition to the terms of the existing CEO employment agreement, Jade has issued 12 million unlisted options exercisable at nine cents on or before 19 April 2025 to Mr Chris Jamieson under the terms of the appointment agreement.
Six million of the options will vest on the 12-month anniversary of the commencement date as Managing Director, with the remaining six million options vesting on the 24-month anniversary of the same commencement date.
The total fixed remuneration is set at $347,500 per annum, inclusive of superannuation.
JGH shares were up 5.98 per cent, trading at 6.2 cents at market close.