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#1
03-03-2015, 07:06 AM
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Sino Gas and Energy 166% increase proved reserves in the heart of China
Johny on the spot Sino Gas and Energy has increased their proved reserves by 166% in the Ordos Basin near Beijing.
"Sino Gas and Energy (ASX:SEH) has increased Proved Reserves at its production sharing contracts in the Ordos Basin, China, by 166% to 1.24 trillion cubic feet of gas (350 billion cubic feet net to the company). Proved and Probable Reserves were up 51% to 1.6Tcf (448Bcf net to SEH). The increases are driven by the inclusion of 36 new wells from the 2014 drilling program as well as 40 new production tests."  More about asx: SEH at www.australian-shares.com/mining/seh
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. 
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