Jade Gas Holdings (ASX:JGH) has announced its execution of a 20 well agreement at Red Lake with Chinese driller DWK. The Mongolia-based explorer now sits in a binding deal with DWK where the latter will fund Jade’s next 20 production wells – should Jade be able to successfully complete 4 existing wells to be sunk. Regulators must also approve the deal. Jade will retain project ownership with “minimal … funds” to be eaten on the foreseeable horizon. The deal ultimately forms part of a larger wave of M&A activity happening all around the world. The 4 wells Jade must first complete will be commen…