Path to Commercial Gas Production
Investment risks (cont...)
Access to funding
for operations risk
Regulatory risk
Community
opposition risk
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Exploration and development of hydrocarbon reserves and resources require significant capital and operational expenditure.
With future growth, Jade may require funding for future commitments. There can be no assurance that the Company will be
able to obtain funding as and when required on commercially acceptable terms, or at all. Failure to obtain funding on a
timely basis and on reasonably acceptable terms may also cause Jade to miss out on new opportunities, delay or cancel
projects, or to relinquish or forfeit rights in relation to the Company's assets, adversely impacting its operational and financial
performance.
Jade's assets are currently in the Mongolian jurisdiction. The enactment of new legislation or adoption of new requirements
of a governmental authority may restrict or affect Jade's right to conduct exploration and development or the manner in
which such activities can be conducted, including new requirements relating to climate change and energy policy.
There is a risk that community disapproval may lead to direct action which impedes Jade's ability to carry out its lawful
operations, resulting in project delay, reputational damage and increased costs and thus impact the financial performance of
the Company.
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