Sino Gas And Energy Holdings Limited
ASX:SEH ISIN:AU000000SEH2
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
News
Sino Gas & Energy Holdings Limited (ASX:SEH), an Australian company developing unconventional gas assets within the Ordos Basin, Shanxi Province China, is pleased to advise that it has signed an agreement to raise up to A$29.4 million in new funds from SpringTree Special Opportunities Fund, LP, a New York-based institutional investor, over the next two years.
Sino Gas And Energy Holdings Limited (ASX:SEH), an Australian Company focused on developing Chinese Gas Assets, is pleased to announce that it has successfully compressed first gas into a CNG tanker during Pilot commissioning.
Sino Gas & Energy Holdings Limited (ASX:SEH), an Australian Company focused on developing Chinese Gas Assets, is pleased to announce that it has signed a Joint Gas Marketing Agreement with PetroChina (SHA:601857) (HKG:0857) (NYSE:PTR).
Sino Gas And Energy Holdings Limited (ASX:SEH), an Australian Company focused on developing Chinese Gas Assets, announce that it has achieved a significant milestone in the Company's development and growth, with the independent certification of initial Reserves on its Linxing and Sanjiaobei Production Sharing Contracts.
Sino Gas & Energy Holdings Limited (ASX:SEH) (Sino Gas) has now ended its 2010 work program with a successful flow test on its SJB03 Gas Discovery Well.
Sino Gas And Energy Holdings Limited (ASX:SEH) Managing Director, Stephen Lyons said that the company was completing the final operations in its 2010 reserves focused upgrade work program as it moves towards developing its gas assets in China.
Sino Gas & Energy Holdings Limited (ASX:SEH) (Sino Gas) is pleased to announce as it "winds up" its 2010 work program it will update its independent reserves certification.
Sino Gas & Energy Holdings Limited (ASX:SEH) is pleased to release Chairman's Address to the Annual General Meeting to be held in Perth, Western Australia.
Following the drilling of its TB09 gas discovery well, Sino Gas & Energy Holdings Limited (ASX:SEH) (Sino Gas) continues to focus on its Flow Testing program and Pilot Development.
Sino Gas & Energy Holdings Limited (ASX:SEH) has drilled to Total Depth (TD), completed the electronic logging of its TB09 well and confirms the presence of gas in 4 prospective zones.
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