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Sino Gas And Energy Holdings Focus in China
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Sino Gas And Energy Holdings Limited (ASX: SEH.AX) said today that the company has commenced its pre-potatoes in the TB-08 well, a step out too well from a very successful company that flowed TB-07 on estimated 2900 rate of 000 scf / day. Potatoes are expected to next week, TB-08 is also designed to verify the same highly productive gas bearing reservoir sands found in the TB-07, an important step in the Sino Gas And Energy reserves upgrade program.
The company is also working to launch a feasibility study for a Pilot Development Work Program in the area and will investigate the sale of gas produced during the pilot. A target market for the sale of gas from the pilot will expand the Compressed Natural Gas industry in Shanxi Province, where the acreage lies Sino Gas.
Also today, Sino Gas And Energy announced the appointment of Mr Frank Fu as Chief Operating Officer. Mr. Fu has a coal bed methane in China’s vast operational experience. His promise continually emphasizes the company’s focus in China.
In June 2010, the company successfully completed a capital increase of A $ 27,500,000 to fund the portfolio of conventional gas assets in China.