Sino Gas And Energy Holdings Limited (ASX:SEH) continues to move closer to the transition from explorer to developer in China following the signing of a Strategic Cooperation Framework Agreement with the Bohai Downhole Drilling Company relating to the development of the Sanjiaobei PSC project.
Sino Gas And Energy Holdings Limited
The Company has operated in Beijing since 2005 and holds a portfolio of unconventional gas assets in China through Production Sharing Contracts (PSC's).
The PSC's are located in Shanxi province in the Ordos Basin and cover an area of 3,000km2. The Ordos Basin is the second largest onshore oil and gas producing basin in China. The area has mature field developments with an established pipeline infrastructure to major markets. Rapid economic development is being experienced in the provinces in which Sino Gas's PSC's are located and natural gas is seen as a key component of clean energy supply in China.
On Sino Gas's Tuban prospect, 11 wells have been drilled, the latest being SJB1 during October 2011. Extensive seismic and other subsurface studies have also been conducted. Multiple wells have been flow tested with commercial flow rates achieved on many of the wells, including significant commercial rates on its TB07, TB09 and TB04 wells. The gas flow rates in this release are estimated at 200 psi Flowing Tubing Head Pressure (THP) unless otherwise noted.
The statements of resources in this Release have been independently determined to Society of Petroleum Engineers (SPE) Petroleum Resource Management Systems (SPE PRMS) standards by internationally recognized oil and gas consultants RISC Pty Ltd. All resource figures quoted are mid case - 100%.
Additional information on Sino Gas can be found at www.sinogasenergy.com
Sino Gas & Energy Holdings Limited's (ASX:SEH) accelerated work program on the Sanjiaobei PSC in China's Ordos Basin has delivered significant increases in certified Resources as Sino Gas continues to push towards development.
Sino Gas And Energy Holdings Limited (ASX:SEH) Announces New Appointment to Strengthen Board of Directors
Sino Gas And Energy Holdings Limited (ASX:SEH) is pleased to announce that Mr Peter Mills has been appointed to the Board as a Non-Executive Director.
Sino Gas And Energy Holdings Limited (ASX:SEH) today advises investors of significant developments in the Company's funding structure and operations.
Sino Gas And Energy Holdings Limited (ASX:SEH) has significantly accelerated its reserve expansion work program achieving a number of significant milestones over the past week.
Sino Gas And Energy Holdings Limited (ASX:SEH) Spuds SJB1 on Sanjiaobei Production Sharing Contract with PetroChina CBM
Sino Gas And Energy Holdings Limited (ASX:SEH) is pleased to advise that it has 'spudded' (commenced drilling) its new SJB1 appraisal well on the Sanjiaobei Production Sharing Contract (PSC) and is now at 274 m. Sino Gas is operator on the Sanjiaobei PSC and is working closely with its Chinese partner CNPC (PetroChina CBM).
Sino Gas And Energy Holdings Limited (ASX:SEH) Announce Linxing Production Sharing Contract Extension and Potential Unconventional Gas Cooperation in China
Sino Gas And Energy Holdings Limited (ASX:SEH) has signed a Modification Agreement to extend the exploration period on the Linxing Production Sharing Contract (PSC) for a further two years through to August 2013.
Sino Gas & Energy Holdings Limited (ASX:SEH) has now successfully implemented the 1st phase of its 2011 well testing program with the completion of the TB08 well test program.
Sino Gas & Energy Holdings Limited (ASX:SEH) has achieved another important milestone in the past week with the completion of field work on the Company's seismic program.
Sino Gas And Energy Holdings Limited (ASX:SEH) Well Testing Program Continues to Achieve Strong Results
Sino Gas & Energy Holdings Limited (ASX:SEH), continues to realize the potential of its gas field with additional testing being performed on the TB08 well. Sino Gas has re-flowed one of the upper zones in the TB08 well that was fracture stimulated (frac) in late June 2011 and has confirmed a significant increase in gas flow.